Because I have indeed become desensitized to narratives, it’s undeniable that after 10/11 there was a massive liquidity vacuum. I’m surprised that BTC can still stay at high levels (still above 60k).

Look at what’s happening next door with Netflix, Microsoft putting everything on the line with AI—an all-in move—whose earnings report is excellent but hampered by crypto-related business, Robinhood, and the shaky US stock market (arc top structure, expecting a big drop).
Which one is not worth your heavy long-term position?
Yueya_eth and I also said, memes are not worth betting big on; the odds are not favorable. The best signal is when the market leader suddenly pulls out and leaves—📶. It’s not that the casino isn’t open, just that it’s no longer cool. It’s currently the off-season.
The most obvious theme at Consensys this time is AI—everything is AI, everything is open claw. Mentioning AI represents hope—that’s our final narrative meta. ETH 8004 + x402 are all indicating a comprehensive transformation of ETH.
It’s not that AI needs crypto, but that crypto needs AI.
In this era of explosive code, everyone can turn a prompt into an app. Attention is the scarcest asset, and crypto can extend this attention purchasing power.
Pessimism is real, but we should also maintain some optimism—just a pragmatic optimism.