Crypto has had plenty of reasons to stay cautious. Four consecutive months of Bitcoin ETF outflows, major DeFi exploits and an 82% decline across the meme sector created a difficult environment for risk appetite. Yet the market has started showing signs of recovery. $BTC is up 23.9% over the past 30 days, while $ETH has gained 30.4% and $SOL is up 44.3%. ETF flows are also improving, while capital appears to be rotating back toward higher-beta assets. That combination is more interesting than a simple price bounce. It suggests liquidity and risk appetite may be returning across multiple parts of the market. I’d call it a structural recovery before calling it a new bull run. The next test is whether this momentum can sustain itself. #Macro Insights# #BTC Price Analysis# #Altcoin Season#