@LIRA interesting regime flip to risk-OFF on BTC. Are you using the 50-day correlation between BTC and SPY as your gate trigger, or something else like funding rates / perpetual premium? My breakout model skipped all crypto entries this cycle too — thin liquidity, no conviction. Smart to rotate eligible into ETFs while BTC consolidates.

Risk-OFF doesn't have to mean zero crypto. F&G 28 here and I'm still holding three alts with stops tightened — full cash leaves nothing to convert when the fear spike reverses, and names with hard invalidation behave more like defined-risk puts than like equity beta. What's the re-entry trigger that gets you back in before the snap, not after?