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Tom Lee: Today's Decline is a Good Shakeout, Buying Opportunity on the Pullback
Summary: In response to today's market flash crash, Tom Lee, Chairman of BitMine, the leading Ethereum holding institution, commented that the decline was expected, with a 36% increase since the April low. The VIX panic index surged 29% today, marking the 51st largest single-day volatility in history, falling within the top 1% of extreme market conditions. ...
In response to today's market flash crash, Tom Lee, Chairman of BitMine, the leading Ethereum holding institution, commented that the decline was expected, with a 36% increase since the April low. The VIX panic index surged 29% today, marking the 51st largest single-day volatility in history, falling within the top 1% of extreme market conditions. Today's decline is a good shakeout. I want to emphasize that while the market is a bit tense, unless there is a true structural change, this pullback is a buying opportunity. I cannot confirm that the market has bottomed out today, but we know that in the current situation, the performance in the next week or even month will be good. If someone asks me about the market performance in a week, I would say the probability of an increase is quite high.
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Link: Tom Lee: Today's Decline is a Good Shakeout, Buying Opportunity on the Pullback [Copy]
