there's still too much capital waiting on the sidelines for me to start de-risking here
BTC is sitting around a major range, ETH has already shown some relative strength, and onchain has been running hot enough that taking profit here makes sense for a lot of people
i'm still leaning the other way
fund flows have picked back up, fresh money keeps finding its way into majors, and plenty of capital still hasn't participated in the onchain move yet
chop around these levels makes sense, but i still think there's more money left to enter than people expect