@carlclare
Altcoins under broad pressure may reflect liquidity contraction rather than isolated weakness. When risk tolerance falls, capital often condenses into BTC and ETH. Dropping volume, lower order book depth, and reduced narrative traction strengthen the theory. If macro flows remain constrained, small caps may lag considerably longer. Key indicators include BTC dominance expansion, declining social engagement, and risk-off derivatives positioning. Whether this continues or reverses depends on liquidity catalysts rather than sentiment alone.
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