During last night's CNBC livestream, Tom Lee reiterated his signature bullish assessment: " The crypto market has bottomed out; both price and time are right. As long as the fundamentals hold, a reversal is on the horizon. "

He pointed out that Ethereum on-chain activity is experiencing an "explosive rebound," with a significant increase in the number of active addresses, which stems from the combined effects of two forces:

① Wall Street is deploying digital assets in a more systematic way;

② The accelerated integration of traditional financial services with on-chain infrastructure.

If this trend continues, then crypto assets "should see prices follow suit."

But once the video was uploaded to X, the comments sections were almost unanimously filled with ridicule. When institutions like BitMine are suffering losses, on-chain metrics are losing their explanatory power, and sentiment is extremely sensitive, the market is more skeptical of "who is saying it" than "what they are saying." Tom Lee now faces a major dilemma: a recovering fundamental outlook versus his own erosion of trust.