Bitcoin on the last day of the week 
$96,065.54 It’s lingering around $96,000 and Tom Lee explained the real reason for the decline. However, he also mentioned the date when he expects the rise to start. Lee, the head of the largest Ethereum treasury company, has been a well-known name in the cryptocurrency markets for years. So what is the real reason for the cryptocurrency decline? When will the crypto rise begin?
The Reason for the Cryptocurrency Decline
Amid the stock market volatility, cryptocurrencies suffered painful losses. BTC Having lost $102,800, there are investors worried about the 1.5 uptrend ending with more bottom closes. However, Tom Lee, a name that the cryptocurrency markets have known for years, is not pessimistic.
According to Tom Lee, the main reason for the decline in cryptocurrencies is the gap in the balance sheets of one or more market makers. Some whales (institutional competitors, etc.) who want to turn this into an opportunity are trying to reduce BTC to trigger liquidation. Lee thinks this is a short-term problem.
“For me, in cryptocurrencies It bears all the signs of weakness. There is one (or two) market makers with a large “hole” in their balance sheet and the problem is their liquidation risk. Sharks trying to trigger liquidation dragged the markets down.
Is this painful? Yes, it is painful, but short-term.”
When Will Cryptocurrencies Rise?
BitMine largest Ethereum (ETH) 
$3,216.28 reserve company and received billions of dollars of ETH by issuing shares. Lee is the chairman of this company and has ample reason to expect a rise in cryptocurrencies. So, it is important to evaluate the prediction I will talk about later in this context and treat it cautiously.
Tom Lee He reiterated his view that Wall Street continues its march towards an ETH super cycle. And yes, many banks, financial companies, asset managers are moving forward with integration with cryptocurrencies. In addition, as QE begins more noticeably by 2026, the continuation of interest rate cuts will give cryptocurrencies (in a broader context, all risk markets) the environment they need.
So when will the rise begin? He expects the rise to begin within 6-8 weeks after Thanksgiving, November 27. This means that in mid to late January we will have much better conditions than today.
