Tom Lee Says March Could Mark Major Crypto Turning Point

Highlights:

• Tom Lee believes March could mark a real turning point for crypto and risk assets overall.
• The current wave of market weakness looks like it’s finally approaching its bottom, he says.
• Bitcoin has held up surprisingly well compared to stocks, backed by strong fundamentals underneath.

In a recent interview with CNBC, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, reaffirmed his positive view on digital assets and the wider market. He said March could become a key turning point. Recently, markets have faced strong volatility. However, he believes this phase may slowly end.

TOM LEE: "March is going to be a turnaround month for the BETTER." pic.twitter.com/6rOImVPjkd

— Coin Bureau (@coinbureau) March 2, 2026

Market Weakness May Be Nearing Its Bottom, Says Lee

Although macroeconomic pressures and geopolitical uncertainties remain in focus, Lee expects market sentiment to improve. He explained that investor fear has heavily influenced recent price action. As a result, short-term movements may not fully reflect the true strength of key assets. According to Lee, this wave of weakness may be close to its lowest point. In turn, this may create a stronger foundation for a recovery phase.

From a crypto perspective, Lee pointed out that major assets like Bitcoin have held up relatively well compared to broader equities, even after sharp declines. He said that while macro and geopolitical pressures have weighed on prices, crypto’s fundamentals, like network activity and adoption trends, remain solid. This gives him confidence that the recent downturn could be nearing a turning point. For example, Bitcoin has stayed above key support around $66,000 in recent sessions. The rebounds from local lows show buyers are stepping in at historically important levels. Lee added that early in a rally, both stocks and crypto often reflect sentiment more than real weakness. 

The strategist also discussed wider factors affecting risk assets today. He pointed out that concerns around technologies like artificial intelligence, especially amid sudden price swings, have fueled extra pessimism. According to him, this fear may have gone beyond what fundamentals actually justify. As a result, volatility has increased, and some selling has been indiscriminate.

Lee pointed out that historical seasonal trends support his view that March often follows corrections with stronger market performance. He referenced the “January barometer,” which shows that markets starting the year strong can dip in February but tend to rebound in March. This pattern, he believes, favors patient investors who look past short-term volatility.

Markets Absorb Geopolitical Shock Without Major Breakdown

According to the recent report by QCP Capital, Bitcoin and Ethereum remained in their usual zones despite U.S.-Israel strikes on Iran. Over the weekend, the crypto markets dipped but maintained crucial support levels. Bitcoin dropped to $63,000, and Ethereum slid to $1,910. However, buyers soon entered the market.

QCP notes that amid rising Iran tensions, crypto markets remain range-bound, with Bitcoin briefly hitting $63k and Ethereum $1,910 before recovering. Saturday’s U.S. strike caused ~$300M in long liquidations but was contained, suggesting reduced positions and some capital…

— Wu Blockchain (@WuBlockchain) March 2, 2026

Currently, the prices of BTC and ETH stand at $65,821 and $1,935, respectively. Liquidity remained stable, and market makers kept quoting prices. Investors also began to park their money in tokenized gold, indicating a trend towards safe-haven assets.