Crypto market is red today, but something interesting is happening 👀

While majors are bleeding, AI + DePIN + Privacy tokens are still pumping.

That tells me the market isn’t completely risk-off.

Capital is rotating into specific narratives instead of leaving crypto altogether.

đŸ€– AI Infrastructure
⚡ DePIN
🔐 Privacy / Confidential Computing
🧠 AI Agents

Coins like $PHA are a good example of this rotation — sitting at the intersection of AI + DePIN + privacy/TEE infrastructure.

$BR $JCT