Tom Lee is not concerned about Ethereum selling off, stating that the fundamentals remain strong. He still holds four million ETH. According to recent news from HashChain, Tom Lee mentioned that the current decline in ETH prices is mainly caused by short-term market factors such as leveraged funds not flowing back and gold and precious metals attracting capital, rather than a deterioration in Ethereum's fundamentals. He pointed out that on-chain daily transaction volume for Ethereum once exceeded approximately 2.8 million transactions, with around 1 million active addresses daily, reaching historical highs, yet the price declined. This is different from previous bear markets where on-chain activity decreased, indicating that the fundamentals are still solid. His institution, BitMine, continued to accumulate during this downturn. The latest data shows that the company holds about 4,285,125 ETH and has added approximately 41,788 ETH in the past week. Of these, about 2,897,459 ETH are staked to generate stable income. However, since ETH prices are well below the company's average entry cost, BitMine's ETH holdings are currently unrealized losses close to $6 billion. Despite this, Tom Lee emphasizes that the company has no debt pressure and is not forced to sell, maintaining confidence in Ethereum's long-term value. #以太坊 #ETH #TomLee #BitMine

#BREAKING CEX Net Outflow of 80,800 $ETH in the last 24 hours#Bitcoin $BTC

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