
Tom Lee predicts the crypto winter will end by April 2026, citing institutional accumulation and historical market patterns.
Author: Tanishq Bodh
Steady attention without excessive speculation.
March 28, 2025 – Crypto markets are navigating a volatile phase after a sharp correction from 2025 highs. Sentiment remains mixed, with macro pressures still influencing price action across major assets. Amid this backdrop, Tom Lee has issued one of the most bullish near-term calls about “crypto winter” ending soon, in recent months.
High Signal Summary For A Quick Glance
Tom Lee, co-founder of Fundstrat and chairman of BitMine Immersion Technologies, stated that the current “mini crypto winter” is close to ending. He said the downturn may have already bottomed or will end by April 2026.
Lee based his view on market structure and historical comparisons. He pointed to a strong correlation between Ethereum’s recent price action and past S&P 500 drawdowns, including the 1987 crash and the 2011 debt ceiling crisis.

His firm has backed the thesis with capital deployment. BitMine added more than 65,000 ETH in late March, bringing total holdings above 4.6 million tokens.
Lee also noted that long-term holders continue to hold positions, while exchange balances are declining. These signals often align with accumulation phases near market bottoms.
For traders, Lee’s call suggests the market may be transitioning from capitulation to recovery. If correct, this phase often leads to short covering and renewed inflows.
For institutional investors, continued accumulation during drawdowns reflects confidence in long-term value. Large purchases of Ethereum signal positioning ahead of potential upside.
Lee also outlined downside risks. He expects a possible final dip below recent lows to remove weak positions before a sustained move higher.
At a broader level, the prediction frames the current downturn as cyclical rather than structural. This distinction influences how investors allocate capital during volatility.
Following Bitcoin’s peak near $126,000 in 2025, the market corrected roughly 50 percent. Factors included inflation concerns, geopolitical tensions, and global trade uncertainty.
As of late March 2026, Bitcoin trades above $72,000, while Ethereum holds near the $2,100–$2,200 range.
Spot ETF inflows have continued, providing steady demand. Regulatory developments, including progress on crypto legislation in the United States, also contribute to improving sentiment.
Not all analysts agree with Lee’s timeline. Some expect the downturn to extend further into 2026, highlighting the uncertainty in macro-driven markets.
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