Tom Lee: Year-End Holiday Sessions See Institutions Step Away

BitMine chairman Tom Lee said on Dec. 31 that year-end holiday trading often sees institutions step away, with quant programs, bots and tax-related stop-loss selling dominating, BlockBeats reports. On Dec. 29, CoinShares reported weekly outflows from digital asset products totaled $446 million, bringing the total since Oct. 10 to $3.2 billion and indicating sentiment has not fully recovered.