I think we are getting close to end of QT with Polymarket now pricing in odds as a sure thing where as before they were much lower odds As previously stated it does seem Trump would end up forcing it. I don’t think QT automatically means it’s easy mode. I think that mode is clearly gone overall in the way people think about it. 2017/2021 While prices are much lower I think it’s best to be cautiously optimistic. Many things are down significantly and there hopefully will be some decent mean reversion. Markets in general have rallied hard. And assets were likely a bit overvalued before. SPX going 25% back to back years was going to have low growth or negative this year as it wasn’t a sustainable pace. $btc went from 16k to 108k, sol 8 to 300. Cautiously optimistic. Patient for any time capitulation as often following big trends we eventually get longer sideways periods and less volatility as the market finds balance