ChainCatcher reports that Tom Lee, Chairman of Bitmine, stated in an interview that the current “crypto winter” is about to end. He believes this downturn may have already reached its bottom or will conclude before April 2026. He noted a strong correlation between Ethereum’s recent price movement and past declines in the S&P 500, including the 1987 stock market crash and the 2011 debt ceiling crisis. Long-term holders continue to hold their positions, while exchange balances are declining—signals typically consistent with an accumulation phase near market bottoms. Previously, Bitmine increased its ETH holdings by over 65,000 ETH in late March, bringing its total holdings to more than 4.6 million ETH.
Tom Lee Predicts the End of the Crypto Winter by April 2026
ChaincatcherShare
Summary
Tom Lee, Chairman of BitMine, predicts the crypto market will bottom by April 2026. He pointed to Ethereum’s recent price movement mirroring historical S&P 500 declines, including those in 1987 and 2011. Long-term holders remain active, while exchange balances continue to decline, suggesting accumulation. BitMine added 65,000 ETH in late March and now holds over 4.6 million ETH. Crypto price trends indicate a potential turning point ahead.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.