Analyst: Crypto Winter Nearing End

Fundstrat Global Advisors' Tom Lee believes the prolonged crypto winter is approaching its conclusion. This optimism is bolstered by significant accumulation activity, notably Bitmine's recent acquisition of over 100,000 Ether (ETH) within a single week. This substantial purchase has increased Bitmine's Ether holdings to represent 4.12% of the cryptocurrency's total circulating supply. Lee's assessment suggests a potential shift in market sentiment and a possible recovery phase for the digital asset market after an extended period of downturn.