[Founder of Formula News: Previously spent only 0.7% of assets to increase Bitcoin holdings, currently 89% of net worth is in cash] Foresight News reports that Vida, the founder of Formula News, stated on their personal channel: 'The recent attempt to bottom out Bitcoin was poorly executed. Upon review, the biggest issue was not setting a "condition invalid" stop-loss. For example, although Supertrend indicated support at $96,000, if it dropped to $92,000, the condition would no longer hold, and I should have exited. I also dislike how some media outlets take things out of context. I clearly said I only used 0.7% of my net worth to bottom out, and the profit or loss from this is insignificant. Over the past two weeks, my net worth has retraced by about 1%, with the main losses coming from the 4% crypto allocation and 5% stock allocation that I still hold long-term. I still hold a large amount of cash (89% of my net worth is in cash), and I will strike when the next buying opportunity arises.'