Tom Lee calls Ethereum’s 4% post-hack fall bullish

Tom Lee, identified as BitMine’s chairman, said the cryptocurrency market’s restrained reaction to Binance’s $6.3 billion hack is another indication that a bull market is underway. He cited Ethereum’s roughly 4% decline after the Oct. 29 theft, noting that the stolen amount was more than four times the $1.5 billion taken from Bybit in February 2025. Lee presented that limited move as a bullish signal in the context of the larger theft.