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Just saw Tom Lee making another big purchase of ETH, this time sweeping up 45,000 coins through BitMine, which is roughly over 100 million USD at current prices. This guy has been quite active recently with Ethereum.
To talk about Tom Lee's buying logic, he usually has his own market judgment behind it. Such a large order being placed suggests he still has confidence in the future market. Many people are watching his moves closely, as traders of this level can easily influence market sentiment.
Anyway, Tom Lee's recent actions are definitely worth paying attention to, see if it will lead more institutions to follow suit.