Tom Lee's fund reversing stance on the Price Surge of BTC & ETH reaching new HIGHS by the end of January with bearish potential corrections, indicates reversal of opinion.
Binance News
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Tom Lee's Market Outlook Suggests Potential Downturn
According to PANews, CryptoQuant CEO Ki Young Ju shared insights on Twitter regarding Tom Lee's market stance. Typically a strong bull, Lee maintains a bullish-to-bearish ratio of approximately 10:0. However, when market corrections seem inevitable, he briefly acknowledges the possibility of a downturn, adjusting his risk ratio to about 9:1. This adjustment may be influenced by his position in sell-side research, placing him in a somewhat challenging situation.
Previously, reports from Tom Lee's fund indicated a significant potential correction for BTC and ETH, contrasting with his earlier prediction of new highs by the end of January.