Good morning.

Bitcoin sits still while altcoins quietly outrun it.

BitMEX is shutting down after nearly a decade, with its BMEX token collapsing 90% on the announcement.

Yet BTC itself barely reacted to the news.

Regime check:
• Below EMA
• Fear at 26
• Compression holding despite the headline

Meanwhile risk appetite looks concentrated in mid-caps and AVAX-type movers, while BTC drifts near flat.

Question now:
Does BTC catch up to the rotation...
or does the compression drag altcoins back down?

XRP Coffee Break later ☕

$BTC