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Tom Lee: Today's fall is a good Whipsaw, and the pullback is a great buying opportunity.
On October 11, Tom Lee, chairman of the first Ethereum holdings institution BitMine, commented on today's market flash crash: "The fall was expected, having achieved a 36% rise since the April low. Today's fear index VIX once surged 29%, marking the 51st largest single-day fluctuation in history, belonging to the top 1% of extreme market conditions. Today's drop is a good whipsaw. What I want to tell everyone is that the market is indeed a bit nervous, but unless there is a real structural change, this pullback is a good buying opportunity. I can't say that the market has bottomed today, but we know that under the current circumstances, the performance in the coming week and even month will be good. If someone asks me how the market will perform in a week, I would say the probability of a rise is quite large."