I've been thinking about the market lately... and my metric for where we're at directly correlates with how hard it’s been for me to onboard my brother. I’ve been 1:1 onboarding him for about 4 weeks, and the moment I stop hand-holding, he gets rinsed on a trade. He’s not even making bad choices; his logic and intuition for quality memes are really good. He just can’t get past the bundled-slop rug hurdles. Call it a skill issue if you like, but that’s exactly my point. Until it becomes moderately easy for new market participants to win on trades, we’ll keep kicking around a shrinking ball of liquidity amongst ourselves. That, to me, = PvP mode intensifying/the game getting harder, as the pie gets smaller and smaller. There has been literally zero structural or behavioral overhaul that would suggest otherwise. It’s 100% predetermined that we continue down this path until the market determines another model and allows fresh liquidity inflows. Essentially, the writing is on the wall until we get a hard reset/forced reset on the current status quo.