Alts have been bleeding since 2022—this isn't a $BTC cycle, it's finally alt season.

The narrative shift is real. While everyone was chasing $BTC ETFs and macro plays, alts got absolutely wrecked for two years straight. Now liquidity rotation is happening.

If this thesis holds, we're not looking at another $BTC dominance pump—we're looking at capital finally flowing back into high-beta plays. $ETH, L1s, and DeFi could finally catch a bid.

Watch dominance charts. When $BTC.D starts breaking down, that's your signal to rotate hard into alts. The setup is there.