【Fundstrat Crypto Strategy Head Responds to Divergence with Tom Lee: Still Bullish on BTC and ETH Hitting New Highs】December 21 news, Sean Farrell, the crypto strategy head of Fundstrat under Tom Lee, responded on the X platform regarding the divergence between “his market view and Tom Lee's view” by stating that his cautious perspective earlier this year reflects risk management rather than a completely bearish outlook. Current market pricing is nearly perfect, but risks still exist, including government shutdowns, trade volatility, uncertainty in artificial intelligence capital expenditures, and changes in Federal Reserve leadership, while high-yield bond spreads are tightening and cross-asset volatility is low. Recently, capital flows have also shown divergence. Current benchmark judgment: a rebound may occur early in the year, followed by another pullback in the first half, providing more attractive opportunities for year-end positioning. If the judgment is incorrect, I prefer to wait for confirmation signals. For investors focusing on this outlook, I still expect Bitcoin and Ethereum to challenge new historical highs before the year ends, thereby ending the traditional four-year cycle with a shorter and smaller bear market.