On August 5th, Lark Davis, a cryptocurrency analyst, wrote on X: "I am reducing some of the risk in my portfolio (reduced). When the market rebounds, you can make fun of me as much as you like. Here's why: I am paranoid about the collateral clearing risk of BTC and ETH loans. 2. A significant portion of my net worth is in cryptocurrencies, leaving a small cash position. This situation needs to change. 3. Due to the consideration of capital preservation. I know it's best to buy the dips now, and the current oversold level is probably the first real buying opportunity in the market that I can take advantage of if I have the money on hand. Although a lot of people have been'catching knives' for the past 72 hours. But keep in mind that there are uncertainties in the Japanese market, the US market and Iran, and these uncertainties may still lead to more attractive opportunities. I still hold a lot of cryptocurrencies. I haven't fully exited the market yet. "