Lee pointed to a 93% correlation between the current dynamics $ETH and the behavior of the S&P 500 index during two historical periods — the crash of 1987 and the correction of 2011.
"Right now we are at the bottom and will soon start emerging from the crypto winter," said Lee.
He noted that over the last decade, the return has been 48,915%, outperforming $BTC . According to him, the current market situation indicates not only a cyclical reversal but also changes in the structure of demand.
Unlike previous cycles, the key role is now played not by retail demand but by the return of large capital focused on infrastructure blockchain solutions.
Lee also noted a decrease in selling pressure: a significant portion of short-term participants has already exited the market, while long-term holders continue to accumulate positions. According to him, such a supply structure often precedes a rise.
Earlier, Tom Lee stated that the prolonged decline in the cryptocurrency market is ending — the crypto winter has either already come to an end or will conclude no later than April.