Understanding this one chart could save your entire crypto portfolio. Most people think since it's the late stage of the cycle, so you should be deploying as much capital as possible to capitalize on "alt season". Wrong. Yes, you should be in riskier assets at this stage, BUT with a huge caveat: Those riskier assets should take less % of your total deployed capital. In the beginning stages of a cycle, you want most of your capital deployed within majors (BTC, ETH, SOL). As the cycle progresses, you want to slowly ladder into stables whilst simultaneously *increasing* your riskier altcoin exposure with less total capital (i.e. dialling up the risk but lowering the stakes). The best traders I know understand this concept exceptionally well.(Miles Deutscher)