Tom Lee: When the bitcoin price reaches $3,000, it means the bear market is over.

On April 12th, Beijing time, Fundstrat co-founder Tom Lee said on Twitter that on April 2, the Bitcoin Misery Index reached 89, the highest since June 2016. On the one hand, since 2011, the Misery Index is greater than 67 only during the bull market; on the other hand, when the index is greater than 67, the bitcoin price has fallen by an average of 25%. But it also made it clear that the bear market trend closed at $3,000.