Macro· ★★★· bearish·

Tom Lee: Korean stock selloff may spill over into crypto, ETH faces near-term pressure

  • —Tom Lee warned the Korean equity selloff could spill over into crypto
  • —Korean brokers are seeing forced margin liquidations
  • —Korean investors are among the largest holders of crypto assets
  • —Lee expects near-term selling pressure on ETH
Why it matters: A deepening Korean market selloff could force crypto holders to deleverage, adding pressure on ETH and altcoins.
#ETH
Source: PANews
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