Fundstrat’s Tom Lee says a potential “meaningful low” for crypto and stocks could be approaching, even as sentiment remains deeply negative.
In a series of to inform on X, Lee acknowledges how grim the current environment feels.
He says a steady stream of negative headlines is likely part of the low point.
“As bearish as it feels, remember: Stocks and crypto have bottomed on ‘bad’ news – not good. We are in the middle of a wave of bad news.”
Lee’s comments coincide with reports that the Bitcoin Treasury Firm Strategy (MSTR) has become the most shorted stock on the market, which he say highlights the level of pessimism towards crypto-linked stocks.
While Lee falls short of pinpointing an exact low, he believes the current wave of bad news could set the stage for a sustainable low for both cryptocurrencies and stocks, which have corrected sharply in 2026.
“There are more signs of a meaningful low. When a stock becomes a ‘consensus’ short, it is also a crowded trade – hence a stock can rise on ‘bad news’ – because the bad news is priced in.”
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