LarkDavis: Have reduced positions but not exited the crypto market, there may be better opportunities to buy in later

Cryptocurrency analyst Lark Davis posted on X saying, "I am reducing some of the risk in my portfolio (already reduced holdings). You can laugh at me when the market rebounds. The reasons are as follows:

1. I'm paranoid about the liquidation risk of collateral for my BTC and ETH loans;

2. A large part of my net assets is cryptocurrency, leaving a small cash position, this situation needs to change;

3. For capital preservation considerations. I know it's best to buy low now, and the current oversold level is likely the first real buying opportunity in the market if I have funds available, I could take advantage of this opportunity. Despite many people 'catching falling knives' over the past 72 hours. But remember that there is uncertainty in Japan's market, U.S.'s market and Iran which may still bring more attractive opportunities. I still hold a lot of cryptocurrencies; I haven't completely exited from the market yet."