Trader Bonk Guy says investors are being forced to sell high-conviction holdings as the market weakens, describing the current period as particularly vulnerable to shaken confidence. He argues that the greater challenge is continuing to hold and buy during a dull, painful market rather than purchasing during a rally. Recent market action has broadly matched his earlier expectations: on-chain trading has been choppy over the past two weeks, with momentum cooling markedly from the strong performance of the preceding one to two months. Apart from a few assets such as USELESS and STONK, most previously popular tokens have declined, some by more than 50%, while newly launched tokens have suffered especially severe losses. Bonk Guy continues to view the fourth quarter as the key period and says the past several months were only a prelude. If the market rises over the coming weeks as he expects, investors who sell high-conviction holdings now may regret the decision.