There‘s lots of talk right now about capitulation, the top being in, this cycle being different from the others etc.
We continue to believe that we are roughly mid cycle. Every indicator we watch points to this. Can we be wrong? Of course! We still believe that bullish continuation is our best bet here and that ETH, together with select alts will outperform in the second half of the bull market. MAV is positioned accordingly.
If this makes you nervous, or even angry, this could be a sign that you are overexposed to the crypto market or have overblown expectations of how fast crypto should contribute to your financial wellbeing. In that case, there’s no harm in adjusting your positioning, by taking some money off the table, consolidating your portfolio into slow moving majors etc. Sometimes a little de risking brings back peace of mind.
@Petr the reduction of SOL was on May 26th, since then SOL/ETH went down from 0.044 to 0.038, so that particular move was correct (for now). Alts are performing worse this time around than in the past, so in hindsight, just holding BTC (and maybe a little ETH) would have been the correct way. These things are hard to predict, and sometimes we'll simply be wrong trying to outperform Bitcoin by holding alts.
Rebalancing has the purpose of stabilizing the overall performance of the portfolio, as some coins will always pump more or dump more than others, only to eventually return to the mean again. So sometimes a rebalance will "buy the dip", sometimes it will "take profit". Taking profit is a happier event, admittedly. We hope that we can return to that soon.