Tom Lee, chairman of BitMine, believes the pullback within the crypto market represents a golden purchase alternative for traders. This comes as President Trump confirmed that he can be assembly with China to barter the U.S tariffs.
Tom Lee Requires Calm as Markets Appropriate
In a current submit, Tom Lee acknowledged that market nervousness is comprehensible. He highlighted the mounting U.S. tariffs tensions, deleveraging in credit score markets, and the seasonal volatility usually related to October. Nevertheless, he emphasised that overly unfavorable sentiment might sign a contrarian shopping for alternative.
I perceive why markets are “cautious”
– 🇺🇸 – 🇨🇳 tensions
– main deleveraging final week
– “cockroach” fears on personal credit score
– October is month we are likely to see 💥However…
– sentiment is unfavorable (AAII) = contrarian good
– solely 22% fund managers beating benchmark = chaseBTFD = our…
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) October 17, 2025
Lee identified that solely 22% of fund managers are presently outperforming their benchmarks. This implies that many will quickly start to “chase efficiency,” a transfer that would reignite market momentum.
“BTFD — that’s our take,” he wrote. This alerts his perception that the downturn is extra of a setup for a rebound than the beginning of a deeper hunch.
Backing up his bullish stance, BitMine expanded its ETH holdings by $417 million. The agency reportedly moved over 104,000 ETH from Kraken and BitGo into newly created wallets. This transfer is seen as a part of its long-term accumulation technique.
Throughout a podcast dialogue, Tom Lee reaffirmed his conviction that Ethereum is coming into a brand new progress part. He predicted the token might attain $10,000 to $12,000 by the tip of 2025. His projection aligns with remarks from BitMEX co-founder Arthur Hayes. Hayes made a bullish ETH projection, calling current market turbulence “background noise.”
Trump Seeks Tariff Reset With China
In the meantime, world markets are additionally responding to contemporary developments in Trump’s U.S. tariff coverage. Trump confirmed he’ll meet with China’s President Xi Jinping in two weeks. He described the present U.S. tariffs on Chinese language imports as “not sustainable.” The U.S president hinted at potential tariff reductions in pursuit of what he termed a “truthful deal.” This might ease strain available on the market.
Yesterday, Trump was requested whether or not the present U.S. tariffs would stay in place. He replied, “No — we’ll be advantageous with China.” This adjustment might considerably affect the crypto markets.
Including one other layer to the week’s financial developments, Federal Reserve Chair Jerome Powell hinted at price cuts within the coming FOMC assembly. Powell cited rising dangers within the labor market and subdued inflation expectations as justification for a extra accommodative stance.
Moreover, Federal Reserve Chair Jerome Powell steered price cuts on the FOMC assembly, which was held this week. Powell justified a extra accommodative stance by pointing to growing labor market dangers and muted inflation expectations.
The crypto market skilled intense volatility over the previous 24 hours, resulting in greater than $1 billion in complete liquidations. Bitcoin accounted for $369 million of the overall, whereas Ethereum adopted with $262 million. Specialists say these financial challenges might put the market again on monitor when resolved.
