Altcoins are being read as weak. But this phase is not about weakness. It is about transition. The current structure shows a clear divergence: $BTC holding strength while altcoins remain compressed. This is widely seen as underperformance, but in reality it reflects incomplete capital rotation. Markets move in sequence. Bitcoin absorbs liquidity first. Altcoins follow only when that process matures. According to CoinMarketCap: https://t.co/xkRF66LXDb, altcoin dominance remains low, confirming that expansion has not started yet. But this is exactly where cycles are built. After deep drawdowns, speculative capital exits and long term positioning begins to rebuild. Low sentiment is not necessarily bearish. It often signals the absence of sellers. This creates a condition where accumulation happens without price expansion. Unlike previous cycles, retail participation is still limited. Bitcoin strength has been driven more by institutional positioning, delaying redistribution into altcoins. Liquidity is starting to return. Attention is not. And without both, altcoins do not move. The real risk is not missing the move. It is misinterpreting the phase. This is not about timing a bottom. It is about recognizing a structural transition before expansion. Read the full analysis on Block2Learn: https://t.co/ZBWryouxHe Understand the framework behind market cycles: https://t.co/PjEQcZHz2U #Crypto #Altcoins