According to @CryptoMichNL, crypto volatility is already extreme, so leverage should be avoided and used only for hedging, not for increasing risk (source: @CryptoMichNL on X, Nov 17, 2025). He reports his altcoin portfolio is down 70% but argues a one-month sentiment shift could return it to profit, while leverage risks liquidation and removes the chance to recover (source: @CryptoMichNL on X, Nov 17, 2025). For trading, he advises prioritizing spot exposure, strict risk controls, and optional hedges over leveraged altcoin longs to preserve downside flexibility (source: @CryptoMichNL on X, Nov 17, 2025).

According to the source, an unverified social-media claim states the Sigma Capital CEO warned BTC could drop 70% in the next downturn while keeping a long-term $1M target; because this cannot be validated via a permissible primary source, no trading conclusions or levels are provided at this time. Source: user-provided social-media snippet; no direct primary citation (e.g., Sigma Capital’s official X post, website statement, or filing) was supplied.