Prominent market analyst and BitMine Immersion Technologies chairman Tom Lee has offered three potential explanations for the recent crypto market crash that has erased billions in market capitalization over the last few days.

Firstly, Lee points out that the recent crash in AI and semiconductor stocks, especially Nvidia, may have led to margin calls, particularly for retail investors in Asian markets.

According to the analyst, this scenario might have forced investors who needed more liquidity to cover their leveraged positions to sell other assets, including crypto.

Secondly, Lee explains that investors may be selling off their existing equity and crypto holdings to free up funds ahead of Anthropic’s upcoming IPO.

Lastly, the aftermath…