Tom Lee: Ethereum On-chain Activity Continues to Heat Up, Providing Strong Basis for Major Year-End Rally
BlockBeats News, October 25th, Tom Lee stated in an interview with CNBC: "Cryptocurrency has just experienced the largest-ever deleveraging event in history, the impact of which may be several times that of the FTX event period, yet Bitcoin's final decline has remained in the 3%-4% range."
This clearly demonstrates that Bitcoin itself is becoming an extremely resilient store of value. Imagine if a similar impact occurred in the gold market: even in the face of a major liquidity crisis, when gold only drops by a few percentage points, the market is seen as a solid proof of value anchoring. Bitcoin's current performance is no different.
Driven by stablecoins, the Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, but this fundamental improvement has not yet been fully reflected in the price — market pricing usually exhibits a lagging effect. From what I have observed, the continued increase in on-chain activity is actually providing a solid basis for significant market changes before the end of the year."
You may also like

Pantera Capital Partner: The Financial Trajectory of AI Agents

In the next 5 years, Vitalik will scale Ethereum like this

Sam Altman and the End of the World Capitalism

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap

Why is it said that there are structural opportunities in encrypted AI?

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

Consumer application issues

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish

Legendary investor Naval: In the AI era, traditional software engineers have no value?

More absurd than knowing about the war in advance is knowing in advance about the assassination of Soleimani

Key Market Insights on March 2nd, how much did you miss?

How to systematically track high-performing addresses on Polymarket?

From Stanford Lab to Silicon Valley Streets: How OpenMind is Solving the "Last Mile" Problem of the Machine Economy?

PlanX: Reconstructing On-Chain Execution with AI, Moving Towards a New Paradigm

US Judge Allows Binance Unregistered Token Lawsuit to Advance
Key Takeaways: A federal judge in Manhattan dismissed Binance’s petition to resolve a securities lawsuit through private arbitration,…