Tom Lee: Believes there will still be a wave of upward momentum before the end of the year, with Bitcoin and Ethereum both turning positive on the technical front

ChainCatcher news, Tom Lee stated in an interview with CNBC: "The crypto market has experienced a massive deleveraging event, with some contributing factors including tariffs and trade frictions. This is the most severe liquidation event in the crypto industry in the past five years, and the chain reaction following the event is still ongoing. Two weeks later, the pessimism still lingers, but I believe these phenomena are about to end, as both Bitcoin and Ethereum's contract holdings are at historically low levels. At this time, both are technically turning towards a positive trend. Therefore, I also believe that cryptocurrencies will experience a surge before the end of the year. Recently, JPMorgan also stated that it may accept cryptocurrencies as collateral in the future, which is very helpful for market confidence."