Tom Lee fans are jolting this week after the Fundstrat co-founder told a Binance Blockchain Week crowd that Bitcoin and the crypto market have already bottomed and that the next eight weeks could break the traditional four-year cycle. His remarks came just as Bitmine accumulation crossed another major milestone, with the firm scooping $131 million USD more in ETH.
Lee’s confidence is based. On-chain labels connected to Bitmine ETH operations show that the firm added 41,946 ETH last week, lifting holdings beyond 3.57 million tokens. His positioning shows strong conviction that ETH USD is stabilizing, even as investors debate whether BTC USD can sustain its push toward the mid $90Ks.
(source – Bitmine, Arkham)
As we know, Tom Lee crypto calls tend to mark sentiment pivots. That and his forecast of crypto adoption jumping by as much as 200x, plus this deliberate buying pattern, the BTC USD recovery above $92K, the market is vibing.
JUST IN: Tom Lee says Bitcoin and crypto have bottomed
“We’re going to shatter the Bitcoin 4-year cycle over the next 8 weeks.” pic.twitter.com/Kw8wcJogMn
— Bitcoin Archive (@BitcoinArchive) December 4, 2025
DISCOVER: 16+ New and Upcoming Binance Listings in 2025
Beyond Tom Lee, Bitmine, and Their ETH Crypto Buying Spree
Beyond Tom Lee and Bitmine, macro data also adds more weight to the bottom argument. While the headline on US inflation recently eased from earlier highs, the mixed components have boosted expectations that the Federal Reserve will lean toward easing soon.
Rate-cut odds for the upcoming FOMC meeting now sit near 87%, and this shift usually funnels USD liquidity back into risk assets, especially BTC and ETH, which are quickest to react. Those following Tom Lee buying trends, any of his moves, are usually a confirmation of softening policy, which is a major crypto catalyst.
(source – CME FedWatch)
Quantitative tightening officially ended on December 1, freezing what had been a massive drain on liquidity. But an end to QT is not an immediate “go” signal. In 2019, QT ended months before crypto found a true bottom, in part because repo markets broke and forced emergency liquidity injections. This time around, the Fed stopped QT earlier to avoid repeating that mess. Still, real demand matters more than the absence of tightening.
(source – BTC USD, TradingView)
Another bullish altseason catalyst is coming from the declining BTC dominance. It slips under 60%, which is a hint at an incoming rotation, and following it, ETH/BTC just broke a three-month downtrend, which is historically a strong read-through for altcoin rallies.
To put it into perspective, Ethereum has held its weekly CME gap support for over two weeks, and volume is rising. Yet PMI recently ticked down to 48.2, still a contraction. Until that flips to expansion, liquidity doesn’t fully rotate into high-beta crypto, including Tom Lee crypto favorites and Bitmine ETH targets.
(source – ETH USD, TradingView)
DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025
Liquidity’s Slow Turn and the Path for ETH USD and BTC USD
Bitmine ETH accumulation near the $3,000 zone shows long-term institutional confidence. Lee argues that Ethereum’s setup resembles Bitcoin’s early super-cycle, and if BTC can defend $92K USD and stretch toward $95K, the psychological path to $100K opens fast. ETH, which is holding above $3,100, could aim for $3,500 if it can hold the support line.
According to Tom Lee crypto logic, bottoms form quietly, but breakouts don’t. The next eight weeks may prove him right.
I think Ethereum’s going to become the future of finance, the payment rails of the future, and if it gets to .25 relative to Bitcoin, that’s $62,000. Ethereum at $3,000 is grossly undervalued. We’re going to shatter the Bitcoin 4-year cycle over the next 8 weeks.” – Tom Lee
DISCOVER: 10+ Next Crypto to 100X In 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
There are no live updates available yet. Please check back soon!
The post Crypto Market News Today, December 5: Tom Lee Calls Crypto Bottom as Bitmine Buying More ETH and BTC USD Holds Above $92K appeared first on 99Bitcoins.