This report reflects the discussions and views shared during our RA meeting. These are personal opinions of the team members and should not be interpreted as financial or trading advice. Readers should conduct their own research and consult with financial advisors before making any investment decisions.

🟢 The team is using short term caution given the recent rally, even derisking recent positions into the recent push above 91K for BTC. Portfolios are balanced but risk-aware, with recent longterm entries untouched. The team largely derisked in the previous months as market structure turned and are patiently timing their re-entries. Overall, sentiment leans slightly bearish in the short term and the team is awaiting for the market to...