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

it has insane mean reverting PA - always one of the first to get bidded up massively by degens the moment ethbtc shows strength, then bleeds forever against eth and usd

its probably because the people who buy ens are narrative perp traders while people who allocate capital for longer term trades know its stupidly overvalued

oh no - probably a local top on cex memes

i shorted a few