November seems like a long time ago, doesn't it?

That was when Holly Holm dethroned Ronda Rousey at UFC 193, which, as we've now come to realize, threw the entire bantamweight division into chaos.

That chaos continued this past weekend, as Holm suffered her second defeat since the Rousey win -- this one at the hands of the talented (but relatively unknown) Valentina Shevchenko.

Was there anything to learn from yet another upset in the women's 135-pound division? Let's take a quick look back at UFC Fight Night in Chicago.

Actually, if you think about it, Holm is EXACTLY who we thought she was

Holly Holm, left, had no answers for the smaller Valentina Shevchenko. Nam Y. Huh/AP

You're bound to hear many claiming the opposite. After watching Holm lose (badly) to an undersized Shevchenko, the mainstream Monday morning quarterbacks likely will chalk her up as a disappointment. "Here was this physically imposing former world boxing champion, destined to take the reins of this division. Not. So. Much."

That take completely forgets who Holm was one year ago. In July 2015, no one was pegging Holm as the future of the division. She was coming off a second win in the UFC, but the scouting report wasn't all that kind. Holm was raw, still learning, a bit hesitant and a complete question mark on the floor -- and definitely not ready for Rousey.

The only thing we were wrong on was, of course, the part about Rousey. As it turned out, Holm was made for Rousey. That hesitancy that prevented her from really jumping off the page in her first UFC fights worked wonders against an uber-aggressive opponent. Basically, if there is one way to not fight Holm, it was how Rousey did it.

So, did that one fight change who Holm was? In terms of perception, yeah. In the cage, where it matters? Not at all. This bantamweight division has been hard to handicap lately, but in the case of Holm, our original assessments were probably dead-on. She still looks very uncomfortable on the floor. Her athleticism and pace are phenomenal, but her technical savvy is still developing.

To classify Holm as some crazy disappointment now, following the first two-fight skid of her combat sports career, is to essentially forget (or ignore) everything we've seen from her besides one two-round fight against Rousey back in November. Holm hasn't really changed. What we said and wrote about her did.

And considering that, Holm has reached an interesting spot

Holly Holm dropped to 0-2 since taking the UFC bantamweight title from Ronda Rousey in November. Kamil Krzaczynski/USA TODAY Sports

Not to make this all about Holm, because Shevchenko was brilliant Saturday -- but Holm's next move will be the more interesting of the two. Shevchenko is in title contention, but she just lost to the current champion, Amanda Nunes, four months ago. We'll see what happens, but as of right now, not many are clamoring for that rematch.

What happens to Holm, though? Does she simply fall back in line against a low-ranked opponent? In reality, that's as risky of a move as any. Holm's back will be against the wall in her next fight, regardless of whom it's against. So, for that reason, might it actually be best to take a fight she's not supposed to win?

Stay with me here. What I'm suggesting is Holm, because her skills remain unpolished, is not a guaranteed win against anybody right now. She nearly lost to Raquel Pennington in her UFC debut in 2014, a matchup that strongly favored her on paper. Now she's coming off a loss against Shevchenko, who should probably be fighting at 125 pounds.

If a win is not guaranteed anyway, why not shoot high? Accept a 140-pound catchweight fight against Cris "Cyborg" Justino. You want to talk about gaining back all the momentum you've lost in one night? A win against Justino would do it. Even a competitive loss against Justino would do it. Holm can try to bunt her way out of this slump -- or break it open with a grand slam.

If Holm's team wants nothing to do with Justino right now, that's understandable -- but what a bold move it would be to take that fight. The UFC offered that matchup to her earlier this year, and she passed because she wanted a rematch against Miesha Tate. It would not be surprising in the least if the UFC explored that option again.