No one tell @Strawman I've done this, but I sold 40% of my Bitcoin stack at around USD $111k on Sunday night.

In general the decision has been led by my belief that the US tariffs are going to drive a massive hole through their economy and asset values will fall for a period thereafter. Will Clemente on X shared the below chart over the weekend that further reinforced that thinking. The latest US economic data has been moving in a stagflationary direction and I'd be surprised if a 25 or 50 bp rate cut next week will be enough to turn the tide.

I'm nowhere near certain that this is the top of this cycle. But having ridden these buys up from June 2022 at USD $22k to $111k, it feels like a good time to harvest a portion of those gains and move to a slightly more defensive posture (Like buying some of that ASX blue-chip AIM lol)

On a longer-term view, I'm still highly convicted on Bitcoin and will be holding my existing stack with a view to buying back in at lower levels eventually.