Cryptocurrency trades 24/7 globally, making it particularly susceptible to sharp market movements taking place around the world. Case in point: A recent heavy sell-off in South Korean tech stocks has panicked investors, who are now concerned about the arrival of Chinese competitors into the memory chip market. According to Tom Lee, chairman of Ethereum (CRYPTO: ETH) treasury company Bitmine Immersion Technologies (NYSE: BMNR), this sell-off has huge potential implications for crypto. Most notably, it could lead to a sell-off in Ethereum, the one digital asset that his company has been hoarding since June 2025. On the surface, there might not be a clear connection between Ethereum and what's happening in South Korea and other Asian markets. Here's the thing: The overseas tech sell-off has already resulted in forced liquidations. In turn, says Lee, this activity could lead to a wave of "secondary" liquidations.
CryptoAlerta — análise de criptomoedas e mercado em tempo real