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Evening everyone.
I think selling pressure is going to accelerate over the coming days, weeks, and months. It's very unlikely BTC avoids serious pain once equities finally start to roll over.
In my view, there will come a point where you look back and wonder why you didn't sell in May and step back like you planned.
I genuinely believe SOL could revisit $50. ETH has that old $1,500 on-chain liquidity cluster that could trigger a cascade down to around $900. BTC could dip below $50k within the next few months. Unless Saylor or STRK/MSTR start dumping harder, then we might see the typical -70% drawdown, taking us under $40k.
I don't enjoy being the bear here, but lately I've struggled to allocate capital into anything for longer than a few weeks. I've already sold most of my alts, and honestly, it feels like a relief. Big shoutout as always to @cryptoaladeen.
I also think, like many others, that the accumulation game was supposed to make me feel something special. But personally, more real estate, more cars, more stuff has just led to more insurance emails, more tenant headaches, more random bills, and way more mental clutter. No, I don't want an assistant managing my possessions right now. I don't want more people on payroll that I have to micromanage daily.
I could be delusional and wrong, but I plan to hold massive cash, stay hyper-liquid, and remain net short crypto until something fundamentally changes or something fundamentally breaks. Whichever comes first. I'm betting on the latter.
Bearish in the order book, wildly optimistic and curious in life. Good luck everyone.
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