Let's talk about trading: $qntx lost 1600, from stock logic to native crypto.

US stocks: AI, storage, software, calculating company business, P/E ratio, completing liquidity transfer.
Crypto circle: Once upon a time ETH, L2, fraud and optimistic proofs, now it's just opening, manipulating, pouring in, without belief in stories there is no liquidity transfer and wealth brought by consensus.
I was in a project meeting during the opening, so I didn't put in much money.
When it comes to valuation expectations, many people have said this, it’s twice the IPO valuation premium, and the track belongs to the tail end.
Second, doing native breakout. Pre-market trading is not anchored to valuation logic, previously there was capital pulling OK on $SPCX to short $HYPE on SPCX, here hype and BN shorts are both many, then add positions on the breakout, which is appropriate.
Then wait for the 3rd to settle, whether you enter late or early, just thinking about entering late is always pretty useless.