Ethereum’s Super Cycle Remains Intact Amid Market-Maker Woes, Tom Lee Says

COINOTAG News reported on November 16 that Tom Lee, chair of Bitmine and an early institutional holder of Ethereum, described growing liquidity fragility in the crypto market. He warned that a couple of market makers with stressed balance sheets have increased the risk, as whales monitor for potential liquidation-driven BTC selling.

Despite near-term volatility, he contends this pain is temporary and does not indicate a fundamental shift away from Ethereum‘s longer-run trajectory. He maintains that the so-called super cycle is unlikely to be derailed, even as Wall Street continues building an ecosystem on the blockchain.

Investors should tighten risk controls and avoid excessive leverage, given uncertain liquidity. The prudent approach centers on fundamentals—institutional inflows, on-chain activity, and regulatory-compliant adoption—with disciplined position sizing, hedging, and clear risk limits.