Tom Lee responds to conflicting outlook with Fundstrat: Short-term defensiveness and long-term bullishness can coexist.

According to ChainCatcher, regarding the conflicting outlooks on Bitcoin held by Tom Lee and his Fundstrat analyst (Tom Lee is bullish, Fundstrat is bearish), Fundstrat client Cassian posted that the interpretation of this debate is unfair and misleading. Tom Lee retweeted and replied, "Well said."

Cassian stated that this interpretation is taken out of context; the actual situation involves division of labor and collaboration among different teams, at different stages, and with different responsibilities.

Cassian stated that Fundstrat's three core figures have clearly defined roles: Tom Lee is responsible for the macro and liquidity framework and is the most publicly vocal, holding a long-term bullish view on crypto assets; Sean Farrell, as the head of digital asset strategy, is responsible for specific crypto portfolios and position adjustments. Assuming a BTC pullback to $60,000-$65,000, he will convert approximately 50% of the portfolio to cash/stablecoins, a risk management move rather than a long-term bearish stance; Mark Newton, from a technical perspective, believes the October pullback disrupted the existing upward trend, expecting an initial rebound followed by consolidation and repair, with further upside potential by the end of the year after the structural repair. The three share a highly consistent assessment of macro risks: the overall environment in the first half of 2026 will be highly unstable. The difference lies in Sean's focus on short-term defense, Mark's view on technical structural repair, and Tom's maintenance of a structurally bullish outlook from a longer-term and liquidity perspective.

Cassian stated that he personally holds a large number of BitMine shares and would not sell even if the price retraced by 70%, because the risk of "miss the pump on a big rise" outweighs the potential gains from "trying to buy the dips." He emphasized that understanding who is speaking, what their responsibilities are, and what the time horizon is is crucial; once these are put together, the claim of "fundstrat contradictions" falls apart.