Tom Lee Knows Why the Crypto Market Crashed: $BEST May Be the Safest Investment Now

The October 10 crypto crash wasn’t just another violent wick on the chart. According to Tom Lee, chairman of Ether-focused treasury and market-making firm BitMine, the selloff exposed “structural weaknesses” within major liquidity providers that only become visible when volatility hits hard. Speaking with CNBC, Lee said the record liquidation cascade, nearly $20B wiped out in hours, forced over-leveraged market makers to rapidly unwind positions as collateral values sank. That derisking drained liquidity from order books, widened spreads, and accelerated the crash in a classic feedback loop source: https://www.newsbtc.com/news/crypto-market-crash-october-10-2025-best-wallet-presale/