Tom Lee, co-founder of Fundstrat and chairman of BitMine, expresses concern about the market’s current cautious state on the X platform. He attributes this trend to several significant factors, including the substantial deleveraging witnessed in the crypto market last week, concerns surrounding potential risks within private credit markets (‘cockroach crisis’), and a historical ‘market explosion’ often seen in October. Notably, JPMorgan CEO Jamie Dimon recently used this term to describe potential issues in the U.S. credit market, suggesting that the discovery of one issue may indicate deeper underlying problems within this sector valued at $3 trillion, which is characterized by its lack of regulation and transparency.