ChainCatcher reports that Tom Lee, Chairman of Bitmine, the largest Ethereum holder, posted on social media: "The recent exposure of one (or two) market makers with significant balance sheet vulnerabilities has exposed weaknesses in the crypto market, and sharks are hunting them down, intending to trigger liquidations and a crash of BTC. Is this pain short-term? Yes. Will this change ETH's supercycle (i.e., Wall Street building an ecosystem on the blockchain)? No. But now is not the time to use leverage, don't get liquidated."
Tom Lee: The growing pains are short-term and will not change the ETH supercycle.
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