Tom Lee: Today's dip is a healthy shakeout, and the pullback is a good buying opportunity

BlockBeats News, October 11th, Ethereum's first institutional investor BitMine's Chairman Tom Lee commented on today's market flash crash: "The downturn was an expected event, with a 36% gain since the April low. Today, the panic index VIX rose 29% at one point, marking the 51st largest single-day fluctuation in history, representing the top 1% of extreme market conditions. Today's decline is a good shakeout. What I want to tell everyone is that the market is indeed a bit nervous, but unless there is a true structural change, this pullback is a buying opportunity. I cannot confirm that today's market has bottomed out, but we know that in the current situation, the performance in the next week or even month will be good. If someone asks me how the market will perform in a week, I would say the probability of an uptrend is quite high."