Tom Lee: It may take 6 to 8 weeks to repair the market shock caused by market makers with funding gaps.
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TL;DR
Tom Lee estimates 6-8 weeks for market recovery from funding gaps in market makers, with some relief after Thanksgiving. He advises avoiding leverage to prevent liquidations during this short-term weakness.
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TOMCoinTom Leemarket recoveryfunding gapscrypto marketleverage
According to Mars Finance, on November 16th, Tom Lee, Chairman of the Board of Bitmine, the largest Ethereum holder, responded to a user's question about how long it would take for the market to recover from the funding shortfall of one or two market makers. He stated, "It might take 6-8 weeks, with some relief expected after Thanksgiving (November 27th)." Previously, Tom Lee stated, "The current weakness in the crypto market, with one or two market makers experiencing significant 'gaps' on their balance sheets, means sharks are hunting, intending to trigger liquidations and a sell-off of BTC. Is this pain short-term? Yes. Will this change ETH's supercycle (i.e., Wall Street building an ecosystem on the blockchain)? No. But now is not the time to use leverage; don't get liquidated."