Cryptocurrency analyst Lark Davis: Has reduced positions but has not exited the crypto market

ChainCatcher message, cryptocurrency analyst Lark Davis posted on X: "I am reducing part of my portfolio risk (have cut positions).

When the market rebounds, you can feel free to mock me.

The reasons are as follows:

1. I am paranoid about the liquidation risk of BTC and ETH loans;
2. A large portion of my net worth is in cryptocurrency, leaving a small cash position, which needs to change;
3. For capital preservation reasons.

I know it's best to buy the dips right now, and the current oversold levels are likely the first real buying opportunity in the market. If I had the funds, I could take advantage of this opportunity.

Although many have been 'catching falling knives' over the past 72 hours. But remember, there are uncertainties in the Japanese market, the U.S. market, and Iran, which may still present more attractive opportunities.
I still hold a significant amount of cryptocurrency. I have not fully exited the market."