Tom Lee, chairman of Bitmine Immersion Technologies, controls 4.9% of the world’s Ethereum supply, equivalent to over 6 million ETH. This fund manager is betting on a recovery of U.S. small-cap stocks, with the Russell 2000 index described as a “coiled spring” for October 2026. Short positions on these companies have reached record levels, with median short interest exceeding 8% of shares outstanding, signaling an imminent short squeeze. Fundstrat forecasts that lower Treasury yields will trigger an influx of liquidity first into Russell 2000 stocks, then into low-cap crypto assets, laying the groundwork for an altcoin season.
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