low liq weekend shenanigans aside, quick thoughts for my 3 main conviction bags : hype - the large liquidations have moved from $75~ down to $68, and I think it'll become increasingly difficult to get there on negative funding + circle usdc yield starts being twapped in again what, first week of november? this grind is annoying, but prices below previous ath seem a fine time to add if you've got a multi-month timeline in mind cards - no new changes vs my previous posts. they're becoming the liquidity layer of collectibles. ripmart soon, still holding 0.3. it helps that so many randos with no clue how these markets work were calling tops, not realizing that doesn't really matter at all for some of these companies since they're expanding into a massive tradfi-led space but with improved systems and liquidity. current price is a bargain pump - near ico price again despite how much has been burnt and how sticky revenue is, as well as the upcoming trading challenge, which will drive significant fees/burns. regardless of what you think of the business, I think the current price is a blessing until we're at least much closer to ath. once we're near there, I'd like to reassess if the biz is still as strong as it has been the past few months