Our Head of Research @KyleReidhead just sold 50% of his $COIN position, even though the stock is up more than 4x from his entry. He sold to fix a big problem in his portfolio (save this). The problem is concentration. Kyle holds $BTC, $ETH, $COIN, $HOOD, and $GLXY. Five positions making the same bet. When crypto falls, all five fall together. And $COIN was the heaviest part of that bet. It's his largest holding in the group and the second-largest position in his entire portfolio. So cutting it in half removes more of that shared risk in one move than trimming anything else would. He kept the other half because he remains long-term bullish on Coinbase. (The sale was about sizing.) At half the weight, he still owns the upside. By his own account, the trim was overdue. A position that runs 4x ends up far bigger than the size you originally chose, and Kyle let this one ride longer than he planned. Now he's sitting on fresh cash, and he plans to deploy it into assets outside crypto and finance soon. Whatever he buys next will show up in Milk Road PRO, where Kyle and our analysts share their actual portfolios, position sizes, and research. To see where the money lands, check the first comment.