Tom Lee from Fundstrat thinks the recent crypto weakness is temporary. He argues that Washington policy shifts caused the recent surge in gold and silver, which sucked capital away from the crypto market. Gold prices jumped to nearly $5,000 and silver hit $87. Lee notes that network activity is still high, suggesting a bottom might be forming. Some analysts are comparing this setup to August 2020 when gold peaked right before a rotation back into risk assets. Others are more bearish, suggesting the metals rally indicates a broken system. Bitcoin is trading around $78k. Pre-market action has MSTR and COIN up slightly.