Today is something what we call a "max pain" day. Something that happens a few times during a bull run. After altcoins have dropped significantly in the previous weeks they have dropped again today because of the news that Iran has attacked Israel. We think that the market has overreacted and will correct itself sooner or later, but we could see more downside. This event could be compared to Covid panic in our opinion. All we wish for is peace, war is never a good solution.
As far as our strategy goes we still believe we are in a bull market. Yes, it is hard to hold through these downturns, but this is the nature of crypto, it is very volatile. As we have mentioned in the past we will not be rebalancing to stable coins while we believe we're in a bull run, because these downturns are extremely hard to predict, especially when something happens like it did today.
It's hard to keep your emotions out of the picture, but the more times you go through downturns as such, the easier it gets, although it's never easy.