Don’t focus on the pullbacks! Tom Lee reveals the truth behind Ethereum’s “deflation”—are those whales quietly locking up funds? Brothers, just now, Wall Street big shot Tom Lee pointed out a wealth code that many people have overlooked: over the past year, Ethereum has actually been hiding in the dark, “quietly deflating.” The logic is simple—supply and demand are the ultimate “killing move” that determines price. Now, those treasury companies aren’t just making big buys; they’re also stacking up tokens and putting them into staking. That’s equivalent to building a “moat” outside the exchange, making the amount available for circulation outside grow increasingly scarce. I want to tell everyone: in this impatient, restless circle, true value has never been something you can just shout out—it’s slowly forged in deflation that nobody pays attention to.