Tom Lee, chairman of Bitmine Immersion Technologies, has described recent bitcoin market activities, including a small sale by Strategy, as typical behaviors observed at market bottoms rather than indicators of significant underlying issues. The sale of 32 bitcoin, valued at around $2.5 million, constituted just 0.004% of Strategy's total holdings of over 843,700 BTC, which Lee and many Wall Street analysts consider economically insignificant. He emphasized that the recent $3.4 billion outflow from U.S. spot bitcoin exchange-traded funds (ETFs) over 11 days is a classic trailing indicator of a market cycle resetting. Lee reassured that Bitmine's strategy remains focused on accumulating ether, having made substantial purchases recently. He noted that despite the short-term market panic, the broader macroeconomic strategy is unchanged. Additionally, the rise in bitcoin open interest to 773,000 BTC suggests that leveraged traders are betting on a price rebound, contrasting with the negative sentiment in the spot market.