Cipher_X

Altcoins aren’t underperforming because something is broken.
They’re underperforming because capital is refusing to spread 🚨
Right now, liquidity is concentrated:

Bitcoin absorbs flows

ETH absorbs what’s left

Everything else competes for scraps
That’s not fear it’s selectivity
In real alt seasons, money rotates
Today, money parks
Investors aren’t chasing narratives or beta.
They’re prioritizing liquidity exits and survivability.
When that mindset dominates, small caps don’t rally they decay
Altseason doesn’t start when people complain
It starts when capital stops hiding and begins ta

🇺🇸 THE U.S. IS FINALLY MOVING ON CRYPTO
Regulatory clarity is getting closer
Paul Atkins confirms Congress is nearing a full market-structure framework
the kind institutions have been waiting for.
What changes:
• Regulatory uncertainty starts fading
• Cost of capital comes down
• Institutions can scale without friction
This shift isn’t priced into the market yet.
But once clarity lands, repricing follows.