Market Thoughts

1. Observations

> Smart people say Iran won't close the Straight of Hormuz because it is vital for China & world economy

> Altcoins obliterated except for Hyperliquid

2. 100% convinced there's no safety in holding anything other than Bitcoin and Hyperliquid for the next 3-4 months.

3. Market participants are very tired of crypto as investments, which will translate into:

> Bitcoin allocations

> Low onchain speculation

> Consistent search for protocols with token accrual mechanisms

4. If you're holding tokens on borrowed conviction, reevaluate their quality - we often hold bags because the idea of not being allocated when they pump is unbearable.

5. I'm bullish Bitcoin, Hyperliquid and a few others, somewhat bearish on everything else until there's more juice in this market.

Anything outside of it is a trade opportunity, not a buy-and-hold opportunity IMO