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Tom Lee: Crypto Market Correction Expected to Last Two More Weeks, Nearing End
BlockBeats News, November 21, BitMine Chairman Tom Lee said in an interview with CNBC that the current market's weakness is highly similar to the sharp decline on October 10. At that time, the largest-scale liquidation in history was triggered by a stablecoin pricing error, resulting in nearly 2 million accounts being liquidated and instant liquidity depletion. Lee pointed out that such deleveraging cycles typically last about 8 weeks, and we are currently in the 6th week, indicating that the market may be in the late stage of the adjustment.
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