🔴 End of the “rotation” era... Why didn’t capital move from Bitcoin to altcoins anymore?

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📰 A joint report from Glassnode and Bybit revealed that Bitcoin rose 28% over two years, while mid-market-cap altcoins lost 74% as a proxy, with Ethereum remaining almost stable. The report attributes this to the concentration of institutional flows through spot Bitcoin ETFs—an apparent reversal of the traditional “altseason” pattern.

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