The strategy I’ve adopted over the past 2–3 months: 1) BTC Longs only - Only at the bottom of clear ranges where there is decent r/r. A few high-conviction trades a a month, max. 2) Spot Swings - Multi-week holds on coins with trending narratives (e.g. RWAs like SYRUP, Stablecoin bill plays like FXS, CRV). 3) Perps Rotation (flavour of the day) - Rare these days, but I’ll take them if there's a clear rotation of the day (e.g. Jellyjelly on start of ICM meta) or a strong news-driven setup (again very few these days). The rest of my time is spent onchain. Market’s changed, so has my approach. But my edge hasn’t: spotting narratives and catalysts early. Onchain isn’t that different - fewer counterparties, more transparency if you know how to read the chain and have a solid setup (both your tooling and your discussion circles). When it’s hot, onchain still feels the closest we’ve gotten to a real “alt season” in ‘24/‘25. Makes sense: liquidity needed to move things is lower, and the tooling has leveled up. It actually feels like a market again.