Tom Lee: "Rage Quitting" May Signal a Crypto Bottom
Tom Lee Says Investor "Rage Quitting" Can Signal a Crypto Market Bottom
Fundstrat's Tom Lee said losing faith after major losses has historically occurred near the end of crypto winters. He noted that every crypto winter has seen investors get frustrated, lose money, and exit the market, and that high-profile investors publicly losing faith in Bitcoin ($BTC) is exactly what tends to happen near cycle bottoms.
After a six-week rally, Lee said the market increasingly looks like the bottom is already in.