Tom Lee: Today's decline is a good wash, and the pullback is a good buying opportunity

Tom Lee, co-founder of Fundstrat and chairman of Ethereum treasury company BitMine, said in an interview with CNBC: "The decline is expected. It has risen 36% since the April low. Today's fear index VIX rose 29% at one point, the 51st largest single-day fluctuation in history, and belongs to the top 1% of extreme market conditions. Today's decline is a good wash-out. What I want to tell you is that the market is indeed a bit nervous, but unless there is a real structural change, this pullback is a good buying opportunity. I can't say that the market has bottomed out today, but we know that under the current circumstances, the performance of returns in the next week or even month will be good. If someone asks me how the market will perform in a week, I will answer that the probability of an increase is quite high."