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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 taking risk down the curve again.
Until you see that shift underperformance isn’t manipulation
It’s structure.