Many are pointing to history, claiming that when Trump visited China in 2017, Bitcoin crashed 30%. The question now is: will we see a repeat of 'pump first, then dump'? The market is already showing signs of this pattern. BTC surged and then pulled back, with ETH following suit into a corrective phase. While I dislike using history as a predictive tool, the market psychology often rhymes, even if events don't exactly repeat. Here are the key risks I'm watching right now: MicroStrategy's Dividend Pressure MSTR is trading at a premium, with a massive 11.5% dividend yield. The market assumes they'll hold BTC forever, but if cash flow tightens, they may be forced to sell coins to service debt. That's a real, unhedged risk. The Trump-China Psychological Milestone Last time, BTC rallied into the visit, then violently reversed, dropping nearly 30%. This narrative is now deeply embedded in trader psychology, creating a self-fulfilling prophecy if enough people act on it. US Stocks at All-Time Highs, Risk Accumulating The S&P and Nasdaq are printing new highs, but the macro backdrop isn't as rosy as it seems. The current AI narrative is starting to echo the late-stage dot-com bubble. Euphoria is often followed by a reckoning. That said, I remain a steadfast E soldier. I'm not reducing my position. Instead, I'm opening spot grid trading bots. A continued correction is possible, but the probability of a direct 30% collapse isn't as high as the fear suggests. I'm using spot grids because I expect prolonged sideways volatility to digest risk and sentiment. Even if we dip further, I'm comfortable buying spot at these levels.