Tom Lee, Chairman of BitMine, attributed the recent Bitcoin price drop to market maker gaps, suggesting that Ethereum (ETH) continues to experience stable growth. During a public forum in Singapore, Lee addressed investors regarding the volatility and emphasized the long-term potential of Ethereum. Blockchain analytics firm BitMine has amassed significant ETH holdings, showcasing its confidence in the technology’s future integration within financial systems. This accumulation highlights the current market opportunity for Ethereum as institutional backing continues to support its growth. Lee’s analysis suggests that while immediate market volatility may persist, it does not diminish Ethereum’s long-term trajectory.