Tom Lee: Although the market is in a "cautious" state, it is a good time to buy on dips

According to reports from Wu, Tom Lee, Chairman of the Ethereum treasury company BitMine, stated that the current "cautious" sentiment in the market mainly stems from three aspects: last week’s significant de-leveraging in the crypto market, concerns over the private credit “cockroach crisis” (JPMorgan CEO Dimon has warned that the $30 trillion private credit industry in the U.S. is weakly regulated and lacks transparency, "When you see one cockroach, it means there are more"), and the fact that October has historically been a period of high market volatility. However, Tom Lee pointed out that the current negative sentiment may be a contrarian indicator, as only 22% of fund managers have outperformed the benchmark, and before the end of the year, there will be a tendency to "buy on dips" to chase performance.