Spraying $10k across the top 100 alts from the FTX bottom would've left you with $19,400 by the 2025 peak. The same stack in $BTC alone? $76,600.
Median top-100 token returned 0.99x. Three quarters of all gains came from just ten coins. Over half the basket was underwater even after a full cycle.
This isn't random alt season failure. Capital is pricing cash flows and buybacks, not narratives. Tokens with real buybacks beat $BTC twice as often over the last year.
I'm watching whether project treasury spending keeps flowing through a flat tape. If buyback velocity stalls while $BTC holds near $83,865, the rotation into majors likely continues.
#Write2Earn #BinanceSquare #BTC Altcoins #TradingTournament
Median top-100 token returned 0.99x. Three quarters of all gains came from just ten coins. Over half the basket was underwater even after a full cycle.
This isn't random alt season failure. Capital is pricing cash flows and buybacks, not narratives. Tokens with real buybacks beat $BTC twice as often over the last year.
I'm watching whether project treasury spending keeps flowing through a flat tape. If buyback velocity stalls while $BTC holds near $83,865, the rotation into majors likely continues.
#Write2Earn #BinanceSquare #BTC Altcoins #TradingTournament