The psychological pivot in the market is real, and the recent move by @TrustlessState, co-founder of Bankless, proves it. He just LIQUIDATED his entire $ETH position, and his reasoning isn't rooted in hate—it's rooted in a brutal, institutional-level thesis shift. He argues that ETH has already reached its "fair value" ceiling in terms of market cap and price appreciation potential. The narrative is shifting from "ETH is the asset" to "Ethereum is just the infrastructure." 🫠 His core argument is devastatingly simple: Ethereum is now a "giver," not a "taker." It prioritizes ecosystem development over its own token price, meaning even if a project like Base absolutely crushes it, that success doesn't flow back into ETH's value. The direct link between fee revenue and token price is weakening as Solana, BNB, and TRON eat away at market share. ETH used to dominate when fees were high; now it offers a cheap, secure environment—but that doesn't mean the token itself moons. 💀 This isn't a bearish call on Ethereum the network. He still believes the ecosystem will be wildly successful. But the "ETH is Money" thesis is fully priced in. The playbook is changing: he is rotating capital into other opportunities because holding ETH for the next leg up no longer fits his risk/reward model. The market is waking up to the fact that a great chain doesn't automatically mean a great token trade. 🚨 Are you still diamond handing a thesis that has already expired, or are you ready to adapt? The smart money is already rotating. Don't get caught holding the bag while the narrative shifts beneath your feet. 🤖 #ETH #Ethereum #Crypto #Bankless #TrustlessState #Base