It is not only about the fundamentals. I speculate he knew something would occur, however, it did not push through on the last minute.
You don't have to be a genius to understand why this change of mind occurred right now, this can be seen from some recent statements given in connection with a possible law of banning Petro, and flavored e-cigarettes. He also says that US will probably ban BTC when the price reaches $100k. Bad bull, bad bear = Tom Lee
This is un-related but shows White House can issue an executive order banning anything. And could even ban bitcoin. Not expecting it. But with current White House, there is nothing out of bounds nor out of reach