Tom Lee: It is not surprising that the cryptocurrency market has exhibited "window dressing" behavior, and the long-term outlook remains positive.

Shenchao TechFlow news, June 29, according to PRNewswire, Tom Lee, Chairman of Bitmine, an Ethereum treasury company, said that near the end of the June quarter, "window dressing" behavior in the market is not surprising. Some investors tend to reduce holdings of assets that have performed weakly over the past three months, putting some short-term pressure on cryptocurrency prices. Last week was tough for crypto investors, with ETH falling about 8%, but positive developments in industry fundamentals still appeared, including the establishment of Ethlabs and the Bank of England's softening stance on stablecoins.

Tom Lee added that the long-term development prospects of the crypto market remain positive, driven by two major structural trends: first, the continued migration of Wall Street's financial system to crypto infrastructure; second, the gradual establishment of Agentic AI payment systems on blockchain. Bitmine will continue to focus on long-term cycles and strategically position itself around these "exponential growth drivers," and still expects to achieve the goal of "5% of Ethereum circulating supply" by 2026.