Ethereum Falls 8% as Quarter-End Window Dressing Weighs on Crypto; Long-Term Outlook Remains Constructive

ETH-0.03%
According to Odaily, as the second quarter neared its close, Bitmine chair Tom Lee attributed recent crypto market weakness to institutional "window dressing"—the practice of reducing underperforming positions before quarter-end reporting. Ethereum declined roughly 8% last week amid this pressure. Lee emphasized improving sector fundamentals, citing the formal launch of Ethlabs and a softening stance from the Bank of England on stablecoin regulation. He reiterated long-term bullish conviction on crypto, pointing to sustained Wall Street capital deployment into blockchain infrastructure and gradual adoption of AI agent payment systems. Bitmine maintains its 2026 target of holding 5% of Ethereum's circulating supply.
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