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Tom Lee: Recent selling partly due to market makers damaged in 1011 incident
Summary: During an interview with CNBC, BitMine Chairman Tom Lee revealed that recent selling is partly due to market makers damaged in the 1011 incident, and not just one. These market makers have seen deficits in their balance sheets, requiring additional funding, leading to asset reduction, decreased trading, and token sales. If mainstream token prices continue ...
During an interview with CNBC, BitMine Chairman Tom Lee revealed that recent selling is partly due to market makers damaged in the 1011 incident, and not just one. These market makers have seen deficits in their balance sheets, requiring additional funding, leading to asset reduction, decreased trading, and token sales. If mainstream token prices continue to decline, they will need to sell more tokens to ensure they hold cash.
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Link: Tom Lee: Recent selling partly due to market makers damaged in 1011 incident [Copy]
