Tom Lee: Recently, it is not recommended to use leverage, as the market may need 6-8 weeks to address the balance sheet gaps of market makers

The chairman of BitMine's board, Tom Lee, posted on the X platform stating that the current decline in the cryptocurrency market has exposed many issues, such as: one (or two) market makers with significant balance sheet vulnerabilities, and sharks looking to trigger a crash/sell-off in Bitcoin prices. However, the pain caused by these issues will not last long and will not change Wall Street's goal of building an "ETH super cycle." But now is not the time to use leverage, as it can easily lead to being trapped. Additionally, in response to a community user's question about when the balance sheet issues of market makers can be resolved, Tom Lee mentioned that it seems to require 6-8 weeks.