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Sentiment drives the market, and Wall Street big players are no exception.
Tom Lee just made a bold call, predicting ETH at $12,000 by year-end. But if you check his BitMine fund's books, the real picture is very different.
His fund started with $185 billion in capital. Today, its market value sits at just $107 billion. That is a staggering $78 billion paper loss.
For him to break even or turn a profit by December, Ethereum would need to rally over 500% from current levels. That explains why his buy calls have gotten louder than anyone else's lately.
The heavier the bags, the louder the conviction.
Retail investors, stay sharp. Don't be the exit liquidity for Wall Street.
#Ethereum #CryptoMarket #TomLee
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