Thesis remains for me that crypto has bottomed.
Plenty of fractal bros out there convinced we're going to the 40s/50s...that seems extremely unlikely to me at this stage and likely the result of past bear market PTSD.
Markets are forward looking and price in future events, particularly ones that are top of mind for everyone...
Hard to imagine anything being more top of mind right now than Iran war headlines - I think likely markets have priced in all but the longest tail outcomes here.
As always we retain a decent amount of stables to buy fire sales and discounts, but non-exposure to the coins feels much riskier at this point than exposure.
Even onchain (fraudsworth) and a few select alts seem to be sniffing out the possibility that the worst is over....
