Tom Lee: The decline in ETH and BTC is due to forced liquidations, not a fundamental collapse

ChainCatcher reported that Tom Lee stated the declines in ETH and BTC were the result of artificially manipulated liquidations, rather than a collapse of fundamentals.

This view comes from market timing expert Tom DeMark, who has advised Goldman, Citi, and Paul Tudor Jones. DeMark believes the ideal bottom for ETH is around $2,500, but a reversal could occur earlier.