Tom Lee Maps Potential Drivers of the Latest Crypto Selloff
BitMine chairman Tom Lee linked the downturn to several market and technology-related factors as Bitcoin traded near $65,000 amid extreme fear.
BitMine chairman Tom Lee linked the downturn to several market and technology-related factors as Bitcoin traded near $65,000 amid extreme fear. Bitcoin (BTC) is trading at $64,902.00, down 0.7% since this brief published. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Sun, 15 Nov 2026 19:30:04 UTC.
Lee’s list frames possible causes rather than establishing a single catalyst. With nearly $2 billion in leveraged positions reportedly liquidated, identifying the mechanisms behind the selloff could help market participants assess whether the decline reflects changing risk conditions or isolated events.
- Bitcoin traded at $65,333, down 1.71% over 24 hours and 13.76% over seven days.
- U.Today reports nearly $2 billion in leveraged positions were liquidated in 24 hours.
- Lee cited technology, funding and security-related developments as possible contributors.
- Crypto’s Fear & Greed index stood at 10, indicating extreme fear.
- Tom Lee Maps Potential Drivers of the Latest Crypto Selloff — this brief
- Tom Lee Maps Crypto Selloff Drivers and Remains bullish on Ethereum
- CZ Points to Multiple Drivers Behind Bitcoin’s Latest Selloff
BitMine chairman Tom Lee has proposed three possible explanations for the latest cryptocurrency market crash. U.Today reported that 
Bitcoin was heading toward $60,000 while nearly $2 billion in leveraged positions were liquidated over 24 hours. His comments describe potential drivers rather than a confirmed cause of the decline.
Crypto.news identified the factors Lee discussed as Nvidia stock selling, funding associated with an Anthropic IPO, the return of funds recovered from the Binance hack and increased scrutiny of chip-related equities. The coverage also noted that BitMine continued accumulating 
Ethereum even as the broader crypto market traded lower.
The two outlets corroborate the central event—Lee’s attempt to explain the downturn through multiple market-related developments—but emphasize different aspects. U.Today foregrounds the Bitcoin decline and liquidation damage, while Crypto.news provides more detail about the equities, corporate funding and security themes in Lee’s interpretation. Crypto.news does not reproduce the exact three-part structure cited by U.Today.
The selloff occurred against a broader backdrop of risk aversion across crypto assets. Bitcoin was trading at $65,333, down 1.71% over 24 hours and 13.76% over seven days, while the total crypto market capitalization stood at $2.28 trillion. The overall market was broadly lower, and the Fear & Greed index registered 10, placing sentiment in the extreme-fear category.
The immediate focus is whether Bitcoin remains above the $60,000 area cited in Lee’s market discussion and whether the liquidation activity associated with the first 24-hour decline develops further. 
JUST was comparatively stable, at $0.144833, with a 0.55% daily decline and a 1.39% weekly gain, while BitMine’s continued Ethereum purchases provide a contrasting example of corporate buying during the downturn.
Since this brief published about 12 hours ago, Bitcoin (BTC) has moved from $65,333.00 to $64,902.00 — -0.66%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦91.80M (about $64,902.00), down 0.9% over 24 hours. The naira itself trades about 4.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Tom Lee Maps Potential Drivers of the Latest Crypto Selloff — questions & answers
What factors did Tom Lee cite for the crypto crash?
Crypto.news reported that Lee pointed to Nvidia selling, Anthropic IPO funding, Binance hack recoveries and scrutiny of chip stocks. U.Today described his explanation as three possible crash triggers.
How much was liquidated during the market decline?
U.Today reported that nearly $2 billion in leveraged crypto positions were liquidated over 24 hours.
Where was Bitcoin trading during the selloff?
Bitcoin was trading at $65,333, down 1.71% over 24 hours and 13.76% over seven days. U.Today said the price was falling toward $60,000.
How much is 1 Bitcoin worth in naira today?
About ₦91.80M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $64,902.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.66% since this brief first published — trading at $64,902.00 now versus $65,333.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.