$BTC and stablecoins now sitting at 73% dominance — only 27% of the market is in alts. That's a wild shift from the last bull run when stables weren't this dominant. Back then you had to buy $BTC first to rotate into alts. Now liquidity lives in $USDT/$USDC, so the rotation mechanic is different.

Meanwhile, $BTC has been stacking serious short liquidity for days. Altcoin dominance sliding around 7.5%. That's basement territory.

With data this clean — dominance stretched, alts crushed, shorts piled — the setup screams rotation incoming. Everything's at the floor. Eventually they move. The question is timing the first leg up before the herd notices.