My overall positioning remains the same.

Over the last couple of weeks, I’ve kept most of my spot holdings in equities, and especially crypto proxies, hedged in order to mitigate downside risk.
Until clear signs of strength emerge that confirm the bottom is durably in, I’m not looking to scale out of those hedges.
For now, I remain conservative and keep a moderate cash exposure, as I mentioned in one of my latest portfolio breakdowns.
That cash will be used to re-accumulate once signs of a bottoming formation appear, such as key high-timeframe support ranges being reclaimed, confirming that momentum is shifting.
Until then, I believe the best approach is to remain defensive and avoid overexposure or entering too early without proper confirmation, as that often leads to buying into a falling knife.