TechFlow, Oct 25 — Tom Lee said in a CNBC interview: "Cryptocurrency has just gone through the largest deleveraging and liquidation event in history, with an impact potentially several times greater than during the FTX incident, yet Bitcoin's price ultimately declined only by 3%-4%.
This strongly demonstrates that Bitcoin itself is becoming a highly resilient store of value. Imagine if a similar shock occurred in the gold market: even amid a severe liquidity crisis, if gold prices dropped only a few percentage points, the market would regard it as solid proof of its role as a value anchor. Bitcoin is currently exhibiting exactly this kind of behavior.
Driven by stablecoins, Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, though this fundamental improvement has not yet been fully reflected in token prices—market pricing often lags. In my view, the持续 warming of on-chain foundational activity actually provides a solid basis for significant market movements before year-end."
