CoinEx News: On July 11, Fundstrat republished an interview in which co-founder Tom Lee said he expects Bitcoin to recover above $100,000 and Ether above $5,000 by year-end after both assets fell sharply in 2026. He said prices alone have not broken the crypto thesis and linked the weakness to a more hawkish Federal Reserve, delayed U.S. market-structure legislation and capital shifting toward AI. Mining-cost estimates vary by power price, machine efficiency and methodology.

Lee set a harsher invalidation line: Bitcoin falling below half of mining production cost—the electricity and machine expense needed to create new BTC—which he said would threaten network economics; users should treat this as his thesis test, not a guaranteed floor.