update: observing stonk looking like it's put in a low alongside BTC moving back above 83k, and the social reaction on the tl very, very unambiguously seeing "this pump will fail like the others", which is coming from two places: 1) a recognition that pumps in the downtrend channel all failed, but *not* recognizing that market structure has shifted, and BTC ultimately calls the shots on this, and BTC is nascent-bullish again locally 2) people who either missed, faded, or generally didn't participate in the first wave of this, and rather than pivot, are expressing that by pouring skepticism onto the tl in an early effort to get ahead of the narrative craft wargames endemic to our space ultimately, again -- btc calls the shots. it locally topped on sept 21 and caused a monthlong low-vol grinddown on virtually every asset in the space, especially acute onchain. btc strength is required for stonk, and so many other coins to do well. if btc continues to do well (esp if it goes above 87k durably), i expect stonk to do screamingly well on the march up to 100k. i also expect equal measures of "oh wow stonk eco is sticky and going to be a main player this cycle" and a stampede to allocate, alongside people trying to get the torches/pitchforks back out to defend either incumbent platform plays or generally cope as an outlet for a refusal to experiment or adapt to new trades either way: higher (my favorite eco coins are zcat, knots, sand kitten (sndk), and hold a few more on my fomo. i think many coins that can run to 7-8 figures on the sooner end are currently at 5-6 figures and represent great trades that very few are looking at. i think these coins are the most asymmetric opportunity for onchain pairs at the moment)