@Alejandro_XBT The best risk/reward is at the extremes, agreed. But you only know a box was THE box after it closes. Live, the blue box and a falling knife look identical. What's your actual trigger for buying the lows, funding, sentiment, on-chain?
Solid thread, and the concentration read is real, the top names basically are the index now.
I land differently on the cause though. Friday looked rate-driven, not just a technical top: +172k jobs vs 80k, cuts repriced out, 30Y back over 5%, longest-duration names hit first.
If it's rates, the next CPI is the ballgame: cool print, the dip gets bought; hot print, your downside case runs fast.
How are you weighting chart vs macro here, and what would flip you?