Bitmine Chairman Tom Lee, in an interview highlighted by Wu Blockchain, analyzed the current state of the crypto market, suggesting it has been struggling since mid-October. He attributes this weakness to a massive wave of liquidations that occurred around October 10, which he argues crippled market makers. This event, according to Lee, pushed the sector into a phase of weak liquidity, significantly affecting price stability and recovery momentum. In contrast to Lee's retrospective analysis of market weakness, Cathie Wood has offered a forward-looking perspective, predicting a potential reversal in liquidity tightening for AI and crypto sectors. While Lee focuses on the structural damage caused by past liquidations, Wood's outlook suggests upcoming macroeconomic shifts could favor risk assets. [Update 1] Additional reports confirm Tom Lee's specific commentary regarding the "limping" market since October 10. He emphasized that the environment is currently defined by a weak-liquidity phase caused by the earlier liquidation cascade, which removed key market makers from the ecosystem.