According to Miles Deutscher on Twitter, he has reduced his percentage risk exposure to crypto markets while still maintaining significant overall exposure, due to his focus on bootstrapping new ventures (source: twitter.com/milesdeutscher/status/1918369086792470766). Traders may interpret this as a shift in market sentiment among experienced investors, signaling a cautious approach to portfolio allocation and potential capital rotation out of high-volatility assets. Such strategic de-risking can inform traders looking for signals of changing risk appetite among key market participants.