Some bros missed my earlier tweets about cutting losses on spot positions and still don’t know I’ve already exited all my spot holdings. Others watching the drama are saying, 'Isn’t spot safe?' or 'Isn’t spot for long-term holding?' My approach to trading crypto has always been guided by macroeconomics and focused on cyclical trends. Looking back, my timing for building positions was wrong. First, last year’s two perfectly timed exits made me overconfident. Second, I shouldn’t have gone all-in, which stemmed from greed fueled by blind confidence. In the first phase, I built positions in $BTC, $ETH, $SOL, $UNI, $LINK, $OKB, etc. By the second phase, I had cut losses on most altcoins and rotated into $BTC, keeping only $OKB. At that point, I had already realized my mistake in building positions and could only wait it out. The third phase was cutting losses after a 50% drop, driven by the war—something I’ve discussed in my tweets over the past few days. With the war ongoing, oil prices remain high. If the conflict escalates, oil prices could spiral out of control. Oil prices are the 'mother of inflation.' The Fed’s March meeting made it clear: no rate cuts, higher inflation expectations, and rate hikes remain on the table. The best-case scenario is range-bound movement, but the downside risk outweighs the upside potential. At this point, reducing positions and holding $USDT to observe is a rational, defensive choice.