We analyze Tom Lee's thesis on the end of the bear market, the impact of the CLARITY Act, and the accumulation of ETH.
Cryptocurrencies could close out this month of May with a technical validation that definitively displaces the negative sentiment of recent months.
According to T, president of Bitmine and founder of Fundstrat, the market structure has transitioned from a “crypto winter” to a “crypto spring”, based on the recovery of Bitcoin prices and an unprecedented institutional deployment.
For the strategist, the technical confirmation of this new phase of the market depends on an exact number: the $76.000 per BTCLee argues that if the leading asset manages to stay above this threshold at the end of the month, it would mark three consecutive months of gains, breaking the downward trend that the sector has been experiencing since the correction recorded in February.
Lee's analysis of the crypto market isn't simply optimistic; it's a statistical rule that has defined previous cycles. While retail investors are still processing past volatility, large treasury firms are executing capital movements that suggest full confidence in the new financial infrastructure based on tokenized assets and regulatory clarity in the United States.
Trade BTC and ETH on Bit2MeBitcoin regains momentum as institutions reshape the crypto market
Lee's technical approach stems from a consistent observation of Bitcoin's historical behavior. When the asset manages to string together three positive monthly closes, the market tends to maintain an upward trend.
With March and April closing higher and the price hovering around $79.000 at the time of writing, the current outlook appears strong from a statistical perspective. The sharp drop that took Bitcoin from its all-time high of $126.000 in October 2025 to $60.000 in February is now behind us, according to the expert, who perceives a change in direction supported by trend indicators such as Bollinger Bands, which point toward a sustained recovery phase.
During CoinDesk's Consensus 2026 event, Lee asserted that Bitcoin's recent price strength is a historic sign that The market is leaving the downward trend behind. and giving space to what he called the "crypto spring".
In parallel, the behavior of the major market players reinforces this interpretation. Bitmine has carried out one of the most aggressive recent operations by incorporating over 100.000 units of Ether In just one week, with an outlay of nearly $238 million. This massive accumulation raises its stake to over 4% of the circulating ETH supply, a figure that reflects the weight that institutional strategies can achieve within the cryptocurrency ecosystem.
Beyond the acquisition, the company has opted for active asset management. A large portion of its ETH holdings remains committed to staking through its MAVAN platform, allowing it to generate significant annual income. This type of move demonstrates an evolution in how value is understood within the crypto market, where the focus is no longer solely on price fluctuations, but also on the ability to generate sustainable income from blockchain infrastructure.
Blockchain, regulation and AI: pillars of the new financial order
The viability of this upward cycle finds its fundamental support in the legislative progress of the CLARITY Act in the US Senate. Industry analysts point out that, while the text prohibits direct returns on stablecoin reserves, it allows activity rewards, a consensus that institutions consider acceptable for operating with legal certainty.
Prediction markets already provide a 60% chance Lee believes that the passage of this law in 2026 would eliminate one of the biggest obstacles to the entry of traditional bank capital. He argues that this regulatory clarity is the necessary catalyst for the $300 trillion stock market to begin its migration to the blockchain and digital asset ecosystem.
Under this vision, sectors such as RWA tokenization and artificial intelligence play a crucial operational role. AI agents require programmable and neutral currency to execute autonomous transactions, finding in public networks the ideal infrastructure for payments and verifications. This operational efficiency redefines the competitive landscape against traditional banking.
While traditional entities require hundreds of thousands of employees to process their business volume, digitally native firms achieve similar results with a minimal structure thanks to the automation of settlement processes. The strategist projects that, by 2036, half of the world's largest financial institutions will be digitally native, solidifying assets like BTC and ETH as stores of value and mediums of exchange that already outperform traditional stocks in geopolitically charged environments.
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