Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) “Crypto has been under intense selling pressure the last few weeks. While crypto” — TopicDigg

Crypto has been under intense selling pressure the last few weeks. While crypto fundamentals have been mostly positive (many banks announcing use of crypto and blockchains), price not followed. Here are some reasons we see potentially behind weakness: - AI/semi/$NVDA selloff triggered margin calls (particularly Asia retail) - coming @AnthropicAI IPO a supply shock for equities (selling ahead so investors fund IPO purchase) - $ANT to have heavy retail allocation @RobinhoodApp $HOOD (selling crypto to fund) - funds from recent $6.3B hack recently released to account holders - these account holders converting holdings to cash/ stables Secondary factors: - Anthropic roadshow talk about AI ‘breaking’ everything, all cyber defense and every company - creates existential fears of anything technology or digital - DoJ/ USA 🇺🇸 scrutinizing chip sales to Asia/China 🇨🇳 triggers concerns of crackdowns - crypto sells off on fears of more bad Asia headlines Our take: Crypto remains the future of finance - the settlement layer for transactions - digital assets transform capital markets - adds up to a ‘supercycle’ for crypto - bigger than past cycles The headwinds 💨 shall pass $ETH is the future of finance