Bitcoin Emerges as a Resilient Store of Value Amid Historic Deleveraging, Tom Lee Says on CNBC

A CNBC interview with Tom Lee framed the recent crypto deleveraging as potentially the largest on record, with the shock possibly dwarfing earlier stress cycles. Even so, Bitcoin has hovered with a modest 3–4% decline, underscoring its reputation as a credible store of value during liquidity stress, not unlike gold in a crisis.

On-chain activity remains buoyed by stablecoins and the synergy between Ethereum Layer 1 and Layer 2 networks, signaling deeper network effects. Yet this fundamental uplift has not yet been fully reflected in prices, reflecting a common lag in market pricing.

With sustained on-chain momentum and evolving liquidity dynamics, traders anticipate meaningful year-end market moves as capital reallocates around risk metrics, offering a data-driven narrative for positioning in the crypto space.