ARBUSDT - The 10/10 liquidation broke crypto. Nothing will ever hit a new all time high outside of meme FOMO projects and (maybe) a handful of new projects that actually DO something. Currently there are maybe 10-20 cryptos that have unique and usable value propositions. Bitcoin isn’t really unique - but people seem to “believe” in it more than others. Things like ZEC, ONDO, Etc, yep, useful. Still not “worth” anything - but at least the DO something. UNI or LINK or any of the others are only useful to 1) transfer crypto around, or 2) trade crypto. This is true for 90% of crypto. Also - for knife catchers - The wicks down on 10/10 will all be filled. For ARB, that means dropping to at least .10, and then another 50% below that. Bottom for ARB in crypto winter will be .03-.07. Even then, no chance it ever hits ATH again. The crypto thesis is done.
The age of AI has begun.
