Ansem Says First Major Pullback Since June Cleared Leverage, Keeps 70/30 Portfolio

Ansem's read frames the pullback as a leverage reset rather than a trend break, which matters because it shapes how the remaining spot-heavy positioning is interpreted. His disclosed 70/30 split and his named high-beta picks are the substantive part: they signal where at least one prominent trader sees relative value after forced selling. The open question is whether that leverage flush proves sufficient, or whether further deleveraging follows.