Tom Lee: 6 to 8 Weeks may be Required for Market Makers to Repair Liquidity Gaps

BlockBeats News, November 16th. Ethereum's first hodler institution, Bitmine's Chairman of the Board, Tom Lee, responded to a user's question about "how long it would take for the market to recover once one or two market makers face a funding gap," saying, "It may take 6–8 weeks, post-Thanksgiving (November 27th) or see relief."

Prior to this, Tom Lee stated: "There are signs of weakness in the crypto market, with one or two market makers showing a significant 'gap' on their balance sheets, and whales are hunting, intending to trigger liquidation and dump BTC. Is this labor pain short-term? Yes. Will this change ETH's super cycle (i.e., Wall Street building an ecosystem on the blockchain)? No. But now is not the time for leverage, don't get liquidated."