Tom Lee Warns Against Leverage Amidst Crypto Market Weakness

Crypto market volatility has prompted a cautionary message from Tom Lee, influential strategist at Fundstrat Global Advisors. Lee warns against using leverage in the current volatile climate, citing deleveraging events as key drivers of recent market weakness. He attributes this slowdown to major market maker balance sheet distress, leading to outflows from both Bitcoin and Ethereum. Lee suggests avoiding leverage during these periods as further forced liquidations could worsen the situation.