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[Tom Lee: Recent Sell-Off Related to Market Makers Affected by the 1011 Incident] BitMine Chairman Tom Lee stated in an interview that the recent sell-off is partially due to several market makers impacted by the 1011 incident. These market makers, facing balance sheet deficits and needing to replenish funds, are scaling down their balance sheets, reducing trading activities, and selling tokens. He also mentioned that if the prices of mainstream tokens continue to decline, these market makers may need to sell more tokens to maintain cash flow.

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