Risk/Reward Less Compelling Than Q1 Drawdown, Taking Additional Profits in HYPE and Miners (Portfolio Rebalance)

Crypto Selloff Continues, But Capitulation Signals Less Convincing Than February: The crypto slide continued overnight, with BTC trading as low as ~$61k, ETH briefly falling toward ~$1,700, and SOL reaching the mid-$60s. Importantly, some of the relative outperformers that had largely resisted prior weakness, including HYPE, finally began to participate in the drawdown. Whenever we see a rapid selloff of this magni...

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