{"id":75945,"date":"2026-03-11T20:34:21","date_gmt":"2026-03-11T20:34:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=75945"},"modified":"2026-03-11T20:34:21","modified_gmt":"2026-03-11T20:34:21","slug":"tom-lee-bitcoin-passed-key-stress-test-amid-oil-volatility","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=75945","title":{"rendered":"Tom Lee: Bitcoin Passed Key Stress Test Amid Oil Volatility"},"content":{"rendered":"
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Fundstrat\u2019s Tom Lee has said that Bitcoin passed a major test after it rallied over the weekend while oil prices surged due to the ongoing conflict in the Middle East.<\/p>\n

According to him, the price action was a sign that the massive deleveraging from last October is finally behind the market, allowing Bitcoin to re-emerge as a credible store of value.<\/p>\n

The Speculation Has Been Cleared Out<\/h2>\n

Lee was speaking to CNBC\u2019s Scott Wapner on the sidelines of the Future Proof conference in Miami, where he pointed<\/a> out that the crypto market had already been through its bear market.<\/p>\n

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\u201cWe had a bear market already in software, the Mag-7 and in crypto,\u201d he said. \u201cI think that\u2019s already taken out a lot of speculation.\u201d<\/p>\n<\/blockquote>\n

He also said he expects markets to close March in positive territory and potentially reach 5,300 on the S&P 500 later in the year. However, he warned that there might be a 20% decline at some point, which would likely be when markets stop responding to good news.<\/p>\n

On Bitcoin specifically, Lee was direct. When pressed by Wapner on whether the OG cryptocurrency had failed as a safe haven, given that gold outperformed during the most recent stretch of market stress, Lee acknowledged the weakness but framed it as a product of extreme conditions.<\/p>\n

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\u201cBitcoin did basically break on October 10 because that was the biggest deleveraging event in the history of crypto,\u201d he said. \u201cWhen gold went up, Bitcoin went down.\u201d<\/p>\n<\/blockquote>\n

But according to him, that\u2019s all in the past. \u201cWe have gone through a winter where a lot of the speculation and the leverage is gone,\u201d he said, pointing to the weekend\u2019s price action as a turning point, with BTC holding up in the face of oil prices climbing sharply when Iran closed the Strait of Hormuz.<\/p>\n

\u201cThis weekend kind of showed Bitcoin is coming back in vogue as a store of value,\u201d Lee said, noting that BTC held<\/a> above $70,000 even as oil moved aggressively higher.<\/p>\n

Where Bitcoin Stands Now<\/h2>\n

As of the time of this writing, Bitcoin was trading at around $70,000, only dropping 0.2% in the last 24 hours after briefly touching $71,600 per CoinGecko data. Over the past week, it is up about 3% and up nearly 7% across two weeks, although it remains down around 12% year-on-year and sits more than 44% below its October 2025 all-time high.<\/p>\n

The picture from on-chain data is mixed, with Binance Research analysis showing<\/a> approximately 29,000 BTC have been withdrawn from exchanges while the price traded in the $65,000 to $75,000 range, a pattern that contrasts with an earlier sell-off from $92,000 to $62,000 when exchange balances were rising.<\/p>\n

The post Tom Lee: Bitcoin Passed Key Stress Test Amid Oil Volatility<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fundstrat\u2019s Tom Lee has said that Bitcoin passed a major test after it rallied over the weekend while oil prices surged due to the ongoing conflict in the Middle East. According to him, the price action was a sign that the massive deleveraging from last October is finally behind the market, allowing Bitcoin to re-emerge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-75945","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75945"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75945\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}