for example - celestia is never going back to $20

think one of the best trades to continue to do from here till when this cycle is truly over is to just keep stacking short positions against something like btc on alts that you think are very likely to have truly topped

and just never take profit

inverse investments to hold into the bear

big takeaway from grass for me is - don’t overshill something no matter how much conviction i have

also people are irrational about their favourite bags - even when i was trying to be as objective and transparent as i could (without compromising ongoing investigations) every step of the way

shoutout to the grass team and investors though - they were really nice to work with

a lot of people are asking to dox who the broker is - i think there’s really no point adding more conflict

at the end of the day, quality people get recognised and rewarded

shitty people don’t

people will talk and share their experiences

men would come up with a thousand reasons to rationalise not owning spot btc only to underperform it all cycle

i’m nett 0.5x long

might be too early we’ll see
i’m short mostly dino’s

it’s surprising to me how much dispersion there is within sectors, and not just across.

pretty good sign of a maturing market

i think the easy part of repricing alts is over

i’ve consolidated my AI cex alt longs into just grass, have sold the rest of it eg render, tao

you could probably run a long grass short other ai tokens pair but i think the sector should be repriced higher generally

but so far that hasn’t really been true with most ai cex coins doing poorly

i’m going to avoid shorting them except one token - FET.

i don’t have a strong view on which on chain ai coin is likely to be a good hold - and they are generally also too illiquid and small for me to endorse

i think it’s probably not a bad strategy to own a basket of them and hold till you think the on chain top is truly in

most will go to 0 but i think you’ll catch some big winners

i previously mentioned that i thought on chain was getting super frothy - but friends smarter than i am on chain believe its about to get a mania phase

i’d heed their opinion instead

anyway shill what you're looking at on chain with a one liner thesis here

also dropping a new pair trade

i know ens is a popular "eth beta" but its valuation is a literal meme