Today I didn't add to my position

The reason is simple
The price didn't give me a reason to add
Orders are still there
But the market hasn't pushed up to my set addition level
So
Nothing happened
This is part of trading itself
Recently, market sentiment has started to heat up
The year-end rebound can easily create illusions
As if January will continue the trend
But from the structure and capital behavior
January is more like a window for reallocation of chips
Rather than an acceleration phase
Why should January be particularly cautious?
First, it's the accounting cycle
For large funds that have made profits
Selling in December and selling in January
Follow two different logic in terms of taxes and accounting periods
Therefore
Persistent selling pressure in the first two weeks of January is not unusual
This is not panic
It's settlement
Second, institutional rebalancing
By 2025, the overall increase in crypto assets has been significant
In many portfolios, they are overweighted assets
In the early Q1
Selling strong and buying weak
is standard procedure
So even without obvious negative news
Prices are easily suppressed from above
Third, technical structure
ETH is still in the 2980–3050 battle zone
Until it can effectively stabilize above 3200 at the end of the year
I won't consider this level as a necessary addition zone
From a structural perspective
The risk of a lower high still exists
Why no action today
Because my trading logic isn't to do something every day
No breakthrough to add
No pullback to the entry zone
Then just wait
Not adding to the position
is itself a choice
and also a form of operation
A common question about the market
At this price
Isn't institutional and big players selling at a loss?
The answer remains:
Not losing
Their real costs are far lower than market perception
And currently, it's more about rebalancing than clearing out
This is also why the market isn't panicking
But the price always lacks upward continuity
My current conclusion
This isn't a sentiment-driven chase
Risks are ahead
Opportunities are below
Orders remain valid
Waiting for the price to give a signal
What I'm waiting for
is not the direction
but a true retracement to complete chip clearing
They are not selling at a loss
They are making room for the next round