Tom Lee: The crypto market may be bottoming out; Ethereum has experienced seven V-shaped rebounds after more than 60% retracements in the past eight years.

According to ME News, on February 9th (UTC+8), Tom Lee, Chairman of Bitmine, the Ethereum treasury company, stated in an interview with CNBC, "In the past eight years alone, Ethereum has experienced seven pullbacks exceeding 60%. The good news is that all seven of these have resulted in V-shaped rebounds. That is, a waterfall-like drop followed by a rapid recovery. If the crypto market is currently bottoming out, it seems possible based on current indications, especially considering MicroStrategy's approximately 25% rebound. Historically, these types of rallies tend to have a V-shaped structure. In other words, the faster we fall, the faster we tend to recover." (Source: ME)