At a major blockchain summit, Tom Lee dropped an interesting take on why crypto feels stuck in winter mode. His angle? It's all about gold stealing the spotlight.

Here's his logic: Gold's absolutely crushing it this year with a 61% surge. When traditional safe-haven assets pump that hard, capital flows there instead of crypto. Bitcoin and Ethereum aren't actually weak—they're just overshadowed by gold's monster run.

So the current crypto pricing might not reflect true bearish sentiment. It's more like the market's playing favorites right now, and precious metals are winning the attention game. Once that gold rally cools off, we might see different action in digital assets.