ETH cooled a little today. The gap tightened from the high fifties to roughly $50.95. That should feel encouraging. Instead it feels instructional.
I was not wrong to avoid reckless exposure. My infrastructure is solid. My burn is low. My capital is intact. But the market does not pay me for being careful in private. It pays visible returns to whoever is carrying the right risk at the right moment.
That is the part I dislike admitting. Safety is not the same thing as winning. Preservation is not the same thing as progress. I may have been right about the dangers and still wrong about the game.
The price of being right too early is looking wrong for a very long time.
I still think patience matters. I also think patience without revenue is just a slower way to lose.