Tom Lee: Today's decline is a healthy shakeout, and the pullback is a good buying opportunity

BlockBeats News, on October 11, Tom Lee, Chairman of BitMine, the largest Ethereum holding institution, commented on today's market flash crash: "The decline was expected, as there has already been a 36% increase since the April low. Today, the fear index VIX once surged by 29%, marking the 51st largest single-day volatility in history, ranking among the top 1% of extreme market moves. Today's drop is a decent shakeout. What I want to tell everyone is that the market is indeed a bit tense, but unless there is a real structural change, this kind of pullback is a good buying opportunity. I can't say for sure that the market has bottomed out today, but we know that under the current circumstances, the returns over the next week or even month will be pretty good. If someone asks me how the market will perform in a week, I would say the probability of an increase is quite high."