▲ Bitcoin (BTC), Ethereum (ETH), and Cryptocurrency Surge / ChatGPT-Generated Image

As market fear stemming from the geopolitical crisis in the Middle East reaches extreme levels, one of Wall Street’s leading bulls has characterized the current volatility as the final opportunity to buy the dip and presented a strong rebound scenario.

According to crypto-focused outlet Benzinga on March 3 (local time), Fundstrat strategist Tom Lee assessed the recent sharp decline in the digital asset market triggered by the U.S.-Iran war crisis not as a structural collapse but as a typical phase of expanding risk premium. Lee analyzed that the market has either already entered a bottoming zone or is passing through its final bearish stretch, emphasizing that investors should not become so absorbed in geopolitical uncertainty that they overlook the fundamental value of assets. While fears of war are temporarily suppressing liquidity, he described this as a process of building energy for a powerful rebound.

Lee projected that the crypto market will enter a full-fledged recovery phase from late March and gain even stronger upward momentum in April. He expressed a particularly optimistic outlook on Ethereum (ETH), identifying network fundamentals and accelerating tokenization activity as key drivers of long-term price appreciation. According to Lee, short-term price fluctuations ultimately follow the fundamental trajectory of rising usage, and the current correction offers institutional investors an attractive entry point.

Capital flows from Wall Street also support Lee’s claims. BitMine Immersion Technologies reportedly accumulated an additional 51,000 ETH in the past week alone, increasing its total holdings to approximately 4.47 million ETH. The company has been steadily purchasing between $50 million and $100 million worth of Ethereum each week, serving as compelling evidence that large-scale capital views current price levels as a long-term bottom. Lee forecast that software, large-cap technology stocks, and digital assets will be the key asset classes leading the market’s turnaround in March.

Historically, markets tend to experience their sharpest declines just before actual conflict erupts but stabilize once uncertainty peaks. Lee noted that external risks, including tensions in the Strait of Hormuz, have already been largely priced in, while advances in artificial intelligence and expanding adoption of digital assets are strong enough to offset macroeconomic anxiety. Within this trend, Bitcoin (BTC) is expected to further solidify its position as digital gold and reinforce its role as a store of value.

Bitcoin and Ethereum are approaching a critical turning point, overcoming March’s volatility and potentially entering a major counteroffensive in April. Lee characterized the current correction as a necessary process for growth, advising investors to overcome psychological hesitation and focus on the structural transformation of the market. Amid continued institutional accumulation and a clearer regulatory environment, the digital asset market is preparing for a new bullish cycle beyond the geopolitical crisis.

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