The issue with crypto KOLs isn't about cognition; it's driven by identity anxiety influencing their actions.

Crypto KOLs taking short positions on US stocks,
essentially isn't about trading,
it's about attaching a new label to themselves—
"I'm not just a crypto trader, I understand macroeconomics, I do hedging."
A few days ago, they called for buying storage chips (more), now they’re shorting US stocks—directional conflicts show there's no unified macro framework, just chasing hot narratives.
At the very bottom:
Losing and posting "failed trades, continue to accumulate," this phrase isn't meant for themselves, but for their followers.
Losing money yet managing their personal brand shows that persona is more important than money—under this state, good trading is impossible.