The probability of a rate hike has already reached 90%.

What the market fears most next is not the rate hike itself.

It is that, before the hike takes effect, funds will use the panic to trigger another round of liquidations of highly leveraged positions.

So I’m instead starting to prepare to welcome this golden pit.

If the crypto market experiences a rapid sell-off, don’t immediately interpret it as the end of the bull market.

Before a major market rally truly begins, one thing it loves to do is shake out weak-handed holders and highly leveraged positions together.

I’m not touching my spot holdings.
The doors stay welded shut.

I’ll control leverage in futures and wait for the market to flush out an entry.

The panic belongs to others.

The golden pit may be reserved for those with cash.