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Institutions are withdrawing BTC / ETH ETFs
But the money hasn't left crypto
Instead, they are starting to buy assets with stories, liquidity, and trading scenarios like HYPE, XRP, SOL
This indicates that the market isn't out of money
It's that funds no longer want to buy consensus, but are starting to buy variables
If the next round really comes, it might not be a universal surge in all altcoins
But rather a few projects that can clearly explain their revenue, traffic, and scenarios draining attention
Do you think this is the eve of the altcoin season, or the last wave of narrative bubbles?