Everyone is cheering $AVAX pumping +15.16% to $9.721, completely ignoring the liquidity drain. Look at the tape: $CAP dumped -18.30% (0.04597)andLIT bled -4.70% ($4.6952).

This isn’t fresh capital entering the market—it’s a cannibalistic rotation. Big caps are literally sucking the oxygen out of smaller alts to fake a breakout. When $AVAX runs out of this recycled fuel, there is no underlying breadth to hold the market up. The foundation is rotting.