I’ve been watching the market closely these past weeks and something feels off. A lot of people are treating every small pump like the start of a new cycle. But real cycles don’t start because one coin is hyped or because a new narrative appears. They start when actual liquidity comes back into the market. When bigger players (exchanges, market makers, funds, larger capital) decide it’s time to take more risk again. Until that happens, most of what we see is just low-volume noise. Choppy moves. Fake breakouts. And a lot of forced trades. This is honestly one of the worst environments to be heavy on leverage. If you’re not extremely selective, you’re just burning capital that you’ll wish you still had later when real discounts show up. My approach right now is simple: • Keep a good amount of cash ready • Slowly build spot positions in things I actually believe in • Avoid unnecessary leverage • Stay patient The boredom and lack of clear direction right now is not a bad thing. Historically, these quiet and frustrating phases are what form proper bottoms. We don’t know the exact timing. It could still take weeks or even months. But when real money starts flowing back in, the people who didn’t force trades and protected their capital will be in the strongest position. Don’t confuse being active with being smart. Sometimes the best trade is waiting.