Tom Lee: The sale of Bitcoin and ETF outflows is a typical behavior for bottoming, not a risk signal
By: rootdata|2026/06/03 04:45:01
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Tom Lee stated that the recent market anxiety, including the slight sale of Bitcoin by Strategy, is typical bottoming behavior rather than a deep-seated crisis. Michael Saylor sold 32 Bitcoins at an average price of $77,135, raising approximately $2.5 million to pay preferred stock dividends. This sale accounted for only 0.004% of the company's over 843,700 Bitcoin holdings. Furthermore, regarding the outflow of $3.4 billion from the U.S. spot Bitcoin ETF for 11 consecutive days, Tom Lee believes that capital outflow is a classic lagging indicator of market cycle reset. Bitmine's macro strategy has not changed, and its plan to purchase 111,942 Ethereum for approximately $237 million is still underway, with its Ethereum holdings currently reaching nearly 5.4 million.
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