- Tom Lee said a plunge in the South Korean stock market could spill into the cryptocurrency market and increase short-term selling pressure.
- He said margin calls and forced liquidation tied to the domestic stock slump could push investors to sell crypto to secure liquidity.
- Still, he described the situation as short term pain, stopping short of calling it a long-term downturn.
Forecast Trend Report by Period
A steep selloff in South Korean stocks, led by semiconductor shares, could spread short-term selling pressure to the crypto market, according to a market analysis.
Tom Lee, co-founder of global investment research firm Fundstrat, wrote in a post on X on October 12…
