CIC Channel (meopx)

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BitMine Chairman Tom Lee suggests that the recent weakness in the crypto market may stem from one or more market makers facing a hole in their balance sheet, giving “sharks” an opening to trigger liquidations and push BTC even lower. Still, he emphasizes this is short-term pain and does not change Wall Street’s broader shift toward an upcoming super ETH cycle. Lee also issued a strong warning: avoid leverage in the current environment. He expects the market to begin recovering in 6–8 weeks, likely after Thanksgiving.

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The New York Fed has reportedly held an emergency meeting with major banks to address growing liquidity stress in money markets. During the discussion, President John Williams emphasized the role of the SRF facility and urged banks to tap it when necessary. This development signals rising pressure inside the traditional financial system, with the Fed stepping in to ensure its rate-control tools continue to function as intended.

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