Morning Minute: Saylor and Tom Lee Go Big on Crypto
Moves by Michael Saylor’s camp and miner BitMine—combined with fresh bullish commentary from Tom Lee—have calmed worries that major backers were finished accumulating after recent large BTC and ETH purchases. Traders noted that the wave of buys helped absorb selling pressure, and the narrative that core institutional buyers are still active has visibly lifted sentiment across spot and derivatives markets.
Why it matters: sustained appetite from high-profile players reduces tail-risk from a liquidity vacuum and can encourage secondary buying from funds and retail traders who track institutional flows. While prices remain subject to macro drivers, renewed institutional engagement gives the market a clearer demand floor and could keep volatility asymmetric to the upside in the near term.