The Long-Term Obsession of a Renowned Analyst: The Market Truth Behind the Shift from 10:0 to 9:1

【Chain Wen】How deep is the obsession of bullish analysts? CryptoQuant’s CEO Ki Young Ju recently posted an interesting observation—he focused on the changing attitude of Wall Street renowned analyst Tom Lee.

This guy has been essentially a hardcore bull in the market, with a long-short ratio maintained at an exaggerated 10:0 for years. But this time, it’s different. As the risk of market correction becomes increasingly hard to ignore, he finally compromised a bit—admitting that a decline is possible, shifting the ratio to 9:1. This shift may seem subtle, but it actually represents a significant attitude concession.

Ki Young Ju believes this may stem from the natural mission of sell-side research institutions—they must provide a relatively balanced risk assessment, even if it makes the analysts feel a bit awkward.

Interestingly, Tom Lee’s internal research report gives a completely different signal. They warn that BTC and ETH face deep correction risks, which starkly contrasts with his public statements claiming “new highs by the end of January.”

It seems even the steadfast bulls have to find some balance between reality and ideals.