A post by @PANewsCN on X.

Fundstrat's Tom Lee, chairman of Ethereum treasury firm Bitmine, attributed the persistent selling pressure on crypto assets to six main factors even as fundamental adoption news—including multiple bank announcements on crypto and blockchain—failed to lift prices. Lee said the drags include post-October 10th deleveraging that damaged market-maker balance sheets, and he maintained that crypto still represents the future of finance despite the recent divergence between positive fundamentals and weak price action. The comments come as ether and related treasury vehicles face sustained outflows, with Bitmine's own equity and ETH holdings under pressure. Traders are watching whether market-maker capacity recovers and whether bank adoption announcements begin to translate into flows.