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An interesting move by Sky Associates—they completely exited their long positions on ETH, down by $257,000. Co-founder Christensen is clearly outsmarting the strategy. At the same time, he increased his bet on oil (BrentOIL 7x) and closed the position on crude (CL 20x). He holds shorts on the indices—SP500 and XYZ100—with leverage. It looks like Christensen is betting on a drop in the stock markets, while for now stepping back from crypto. TWAP orders are still hanging, so they’re planning something else. It’s interesting—are they just hedging risks, or do they see something we don’t?