Capitulation szn and $BTC still holding $81k.

Most alts bleeding 60-80% from ATH. Retail panic selling. Funding rates negative. Fear index bottomed.

But $BTC? Barely moved.

This is what institutional bid looks like. Spot ETF flows cushioning the downside while degen longs get liquidated.

If $BTC holds here while altcoin sentiment craters, the next rotation could be violent. Watch for funding reset + volume spike.