I have been out of #crypto# for quite a few months now. Most of my investments are up a bunch but tbh it's been impossible to lose when all assets are up only.

You have to know when to leave the casino as competition gets more fierce after only the most sophisticated players having survived.

This bubble is insane with froth in so many sectors. Never forget stairs up, elevator down. If you have huge gains from the bubble still I'd lock in some of them.

Bubbles yield the most on the last leg but tbh most things ARE ALREADY pricing a melt up. If you look at AI, quantum, etc IVs are at 120-170%+ which basically means you can't right tail hedge for the meltup(no convexity at 170% IV).

If you find any bubble stocks with low IV imo the best move here is doing a barbell strategy:
- 5% of portfolio in call options(hedges for retard blow off top). If you are in crypto you can do options in stuff like $ETHE if you want to hedge the melt up leg(IV ain't that bad at 70-80). If melt up this would 5-10x specially given the increase to IV.
- 65% cash.
- rest in a diversified portfolio including stocks(US, EM), commodities, etc.

Other than that, I'll be hunting for the massive distressed deals coming in 2026 to the US housing markets.

Best luck to you all.