PANews reported on November 16th that BitMine Chairman Tom Lee stated on the X platform, "In my view, the weakness in cryptocurrencies has all the following signs: a significant gap in the balance sheets of one (or two) market makers; sharks are poised to sell Bitcoin, attempting to trigger a liquidation/price crash. This pain is short-term and will not change Wall Street's supercycle of building Ethereum on the blockchain." Tom Lee added, "Now is not the time to use leverage. Don't let yourself get liquidated."