Tom Lee predicts that the crypto winter will end in April.

ZkProver · 2026-03-29T09:56:10+00:00

Bitmine Chairman Tom Lee stated that the "crypto winter" is coming to an end, and the market is expected to bottom out or recover before April 2026. Ethereum prices are highly correlated with historical market downturns, with long-term holders still holding their positions, and declining exchange balances indicating the market may have bottomed. BitMine recently increased its holdings by over 65,000 ETH.

ZkProver

2026-03-29 09:56:10

Abstract generation in progress

ChainCatcher news, Bitmine Chairman Tom Lee stated in an interview that the current “crypto winter” is coming to an end. He believes that this downturn may have already bottomed out or will end before April 2026.

He pointed out that the recent price movements of Ethereum have a strong correlation with past declines in the S&P 500 index, including the 1987 stock market crash and the 2011 debt ceiling crisis.

Currently, long-term holders are still maintaining their positions, while the exchange’s holdings balance is decreasing. These signals typically align with the accumulation phase near market bottoms.

Previously, it was reported that BitMine increased its holdings by over 65,000 ETH in late March, bringing its total holdings to over 4.6 million.

ETH-0.73%

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