Crypto Winter Has Technically Bottomed, Tom Lee Says
His framework puts investor capitulation alongside price damage and leverage washouts as a recurring late-cycle signal.
Every Zipp story tagged #CryptoWinter, newest first.
His framework puts investor capitulation alongside price damage and leverage washouts as a recurring late-cycle signal.
Several historical markers of the transition from crypto winter to crypto spring are already present, with the 17-month pre-halving window and Bitcoin difficulty among those flashing now.
Countercyclical capital is venture's oldest edge, but a $10B crypto-native family office making that case publicly while naming specific deals lands harder.
A snapshot of eight marquee VC-backed protocols returns a stark ratio: $6.3B in cumulative funding against roughly $471K in annualized revenue, a 13,000-year payback on current run rate.
Roughly 85 roles are gone, but Uphold is not closing any office: the bet is that banks, fintechs and broker-dealers will keep hiring crypto infrastructure even as retail traders have stopped logging…
Just 61 rounds closed in June, down 31.5% from May and 52% below the post-2020 monthly average, the weakest month for venture capital into crypto since November 2020.
Bitcoin is holding an uneasy line near $60,000, roughly 52% below its all-time high, and one strategist's $40,000 downside target now sits inside the active trade plan rather than at the edge of it.
A full C-suite clear-out on top of a buyer search suggests the derivatives venue is being prepped for a deal rather than a turnaround, with the price depression forcing cost cuts across the crypto…
The bounce was a stock story, not a crypto one: BTC is still down 5.4% on the week, the dollar is at a seven-month high, and the 200-week moving average is now in play as a longer-term cycle line.
It's not price action driving the call — it's the structural story stack: faded narratives, capital siphoned by AI, and DAT firms flipping from buyers to sellers.
Armstrong framed the 660-person reduction as the convergence of two forces: a down market and AI-driven productivity gains that let smaller engineering teams ship faster — but the move lands in a…