The crypto selloff has been deeper than anticipated, but Tom Lee sees price and timing align for a potential bottom.
Crypto Selloff Deeper Than Expected…
In a CNBC Squawk Box interview on Monday, Lee, head of research at Fundstrat Global Advisors and CIO of Fundstrat Capital, said crypto’s recent decline exceeded expectations despite solid fundamentals.
He attributed the weakness to risk appetite rotating into gold and silver, which surged early in the year and sparked fear of missing out.
That shift, combined with crypto’s strong October performance, left digital assets without leverage or near-term catalysts.
Lee said Fundstrat’s technical advisor sees Bitcoin (CRYPTO: …