Tom Lee, the co-founder of Fundstrat Global Advisors and a longtime crypto bull, made waves this week by stating that the cryptocurrency market has officially “bottomed” after a brutal correction phase.
Speaking at Binance Blockchain Week in Dubai on December 3-4, 2025, Lee attributed the recent downturn—marked by aggressive deleveraging and factors like quantum computing fears, liquidation cascades, and concerns over stablecoins like Tether—to a temporary overreaction that has now washed out weak hands.
He emphasized that traditional Bitcoin four-year halving cycles are “failing,” but this could signal an even stronger bull run ahead, with new highs potentially arriving before year-end.
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Lee predicts ETH will outperform BTC soon, with the ETH/BTC ratio breaking out. His firm, Bitmine Immersion Technologies where he’s chairman, just accelerated ETH buys, snapping up nearly 100,000 ETH last week and another 41,946 ETH ($130M) on December 5 at around $3,100 per token—despite $4B in unrealized losses.
Bitmine now holds over 3.7M ETH, worth ~$18B, positioning it as the world’s largest Ethereum treasury. Lee eyes $62K ETH if the ETH/BTC ratio hits 0.25, driven by tokenization trends and the recent Fusaka upgrade.
BTC could hit $250K-$300K by end-2026, fueled by 200x adoption growth. He notes BTC’s holding above $92K amid bearish retail sentiment as a bullish divergence. Post-FTX recovery patterns match the current deleveraging pace— eight weeks in, and quantitative tightening ended December 1, unlocking liquidity.
ETH ETFs saw $360M inflows last week vs. BTC’s $120M, with retail accumulation spiking below $2,700. The reaction on X has been a mix of hype and skepticism—posts like “If he’s right… the next leg up might already be loading” are circulating, but others quip “time will tell if he’s right.”
As of December 5, BTC hovers near $93K and ETH at $3,200, with volume rising. Lee’s track record nailing post-2022 bottoms adds weight, but watch PMI data flipping to expansion for full rotation into risk assets.
Sappy Seals’ Omnia Playtest Goes Live
Sappy Seals, the Ethereum-based NFT project known for its 10K generative seals collection, floor ~0.19 ETH as of today, is leveling up its ecosystem with Omnia—a play-and-earn creature-collecting game formerly called Pixl Pets.
Developed by Sappy Brands, Omnia drops players into a glitch-ravaged world where mystical beasts emerge from cosmic instability, corrupted by a dark force. It’s all about taming, battling, trading, and evolving these “Omnia Pets” in a lore-rich universe tied to Sappy’s decentralized identity.
The first public playtest launched today, December 5, 2025, on Monad’s testnet— a high-throughput Ethereum L1. Announced via community channels, it’s open to early testers—grab a spot via their Discord or site for quests, events, and exclusive rewards.
Genesis Pixl Pets NFT holders get in-game perks like boosted creatures or early access. Think Pokémon meets blockchain—collect glitch-born monsters, complete dynamic quests, and trade in a player-driven economy. Regular events keep it fresh, with $PIXL tokens likely integrating for earnings.
This marks Sappy’s push into gaming as a “fun-first” Web3 hub, blending memetics, IRL events, and tech like animations. With Sappy Seals’ community of digital natives, expect viral lore drops and crossovers.
Head to omnia.lol to dive in—the continent’s instability awaits. If you’re a Seals holder, stake those rarities for $PIXL boosts while grinding playtests. GMONAD indeed—Sappy’s building universes, one sappy pet at a time.