Lark Davis: I have reduced my position but have not exited the crypto market. There may be better opportunities to buy at the bottom later.

Lark Davis, a cryptocurrency analyst, wrote on X: "I am reducing the risk of part of my portfolio (already reduced my position). You can make fun of me as much as you want when the market rebounds. The reasons are as follows: 1. I am paranoid about the risk of collateral liquidation for BTC and ETH loans; 2. A large part of my net assets is in cryptocurrency, leaving a small cash position, which needs to change; 3. For capital preservation. I know it's best to buy on dips now, and the current oversold level is likely to be the first real buying opportunity in the market. If I have funds on hand, I can take advantage of this opportunity. Although many people have been "catching flying knives" in the past 72 hours. But remember that there are uncertainties in the Japanese market, the US market, and Iran, and these uncertainties may still bring more attractive opportunities. I still hold a lot of cryptocurrencies. I haven't completely exited the market."