Tom Lee Says Bitcoin, Ethereum Crash Wasn’t Macro But A ‘Software Bug’
Posted On November 21, 2025
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) breaking below key support levels has sparked debate over whether fundamentals are to blame — but Fundstrat’s Tom Lee argues the real culprit is far more mechanical.
What Happened: In an interview with CNBC on Thursday, Lee said crypto has been bleeding ever since a massive Oct. 10 liquidation event crippled major market makers and left liquidity dangerously thin.
According to him, a pricing glitch on one exchange caused a stablecoin to internally wick down to $0.65, which in turn …
About The Author
