The trenches are back. No doubt about it.

Most of our 2024 circle is gone. Some retired. Some got wiped out last year.

But the real multicycle players are still here. I’m in their private groups, and activity has spiked hard over the past few days. You can feel the shift.

Every cycle also brings a fresh wave of trenchers stepping in.

This is the moment to lock in.

The signal is clear. Old teams and new ones are back in my DMs for advisory and marketing. That has always marked the start.

We’re back 🔒