Lately, the feeling of the crypto market being cut in half really makes people uncomfortable, but there's an interesting perspective worth pondering. Known as the "Wall Street Oracle," Tom Lee openly stated at the Consensus conference in Hong Kong that instead of obsessing over the possibly never-reachable "absolute bottom," it's better to start looking for entry opportunities now.

He pointed out that Bitcoin has retraced nearly 50% from its high of $126k in October last year, marking the most severe correction since the 2022 crypto winter. Currently, Bitcoin hovers around $80k, and Ethereum has also fallen to around $2,300, with significant daily declines.

Interestingly, Tom Lee blames the metal markets for this drop. The intense volatility in the gold market earlier this year triggered widespread margin calls, which caused a chain reaction affecting risk assets across the board, including cryptocurrencies. Simply put, market turbulence in one area can lead to a collapse in another.

However, he believes this situation is about to reverse. He said that Bitcoin's performance in 2025 may not be as eye-catching as gold's, but gold has already peaked, while Bitcoin is now gathering strength and is expected to outperform gold again in 2026. This judgment is quite intriguing—it suggests that the current lows might actually be the real opportunity.

Regarding Ethereum, he mentioned a very practical observation. Since 2018, every time Ethereum experienced a 50% retracement, it almost always rebounded strongly afterward. He cited technical analyst Tom DeMark, who believes Ethereum might still need a brief "downward needle" to break below $1,800 to form a so-called "perfect bottom," laying a solid foundation for a more sustained upward trend later.

From a different perspective, instead of waiting for that possibly never-coming absolute bottom, it's better to start deploying in stages at this level—that's the true mindset of bottom-fishing.