However, he revealed a deeper, more troubling risk that may be driving the current correction to $3K.

To me, the weakness in crypto has the all the signs

– of a market maker (or two) with a major “hole” in their balance sheet

Sharks circling to trigger a liquidation / dumping of prices $BTC

Is this pain short-term? Yes

Does this change the $ETH supercycle of Wall Street… pic.twitter.com/0jfkXYnfv9

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) November 15, 2025

According to Lee, this risk has nothing to do with fundamentals, adoption, or regulation. It’s something much more structural.

Extreme Fear as ETH Risk Looms

According to CoinMarketCap , the Fear and Greed Index has crashed to 16, firmly in extreme fear territory. Meanwhile, the average RSI across major

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