Trenches are like 25% back which is more than good enough to make money if you lock in As the trenches start to come back you go from scanning new pairs and the curve to focusing mostly on migrated When trenches are dead migration is often top and where you look to exit even on good narra, but when we’re back CT is actively looking for runners at migration mcap, and it’s way way easier to pick out the good narra among migrated than deeper in the trenches Ofc even when the trenches were dead there’s still a few runners into the millions but I’m talking critical mass of strategy shift up the trench funnel as the interest and volume comes back from outside the trenches looking for runners