$AXS still looks weak to me. 📉

I’ve been heavily short (around 400k exposure), and the last couple of days the trend has continued downward — solid follow-through and profits so far. 💰

With a market cap still above $2B, there’s plenty of room below if momentum keeps fading. The hype cycle is long gone, engagement feels much lower than before, and updates haven’t really reignited strong interest.

For traders, this kind of setup can feel straightforward: wait for relief bounces, manage risk carefully, and follow the trend. 🎯

Personally, I’m watching lower levels as potential downside targets — possibly even sub-$1 if broader market conditions stay weak. ⚠️

As always, high volatility cuts both ways. Short squeezes in crypto are real, so risk management is everything. 🧠📊

AXS

1.427

-2.59%