I just went over what happened after I went to sleep yesterday, and I really didn't see any obvious negative news. Trump's speech confirmed tariffs for some countries again and extended the tariff enforcement period, even though it was previously stated that there would be no extension. It has now been extended to August 7, supposedly to give customs more time to prepare.

It's not just cryptocurrencies that are falling; U.S. stocks also declined yesterday, and they continued to drop after the CME opened today, so it's not an issue specific to the cryptocurrency sector.

Then I took another look at the data for Figma $FIG. It's possible that this drop is somewhat related to FIG's opening. This kind of situation also occurred when Circle was listed, and it seems to be a market liquidity issue. During the Circle listing, the market recovered in about two days, so if this drop is solely due to Figma, it shouldn't take too long.

After all, the market structure itself hasn't changed. Last night before sleeping, I placed a long order at $116,222, and with the 20% that wasn't closed yesterday, my current cost is $116,378, with an unrealized loss of 15%. I will continue to hold this position, as I don't see any issues for now.

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