BTC may continue to fall. Some altcoins will fall even harder, while others may never revisit their previous lows. This happens because a significant amount of liquidity in the crypto market rotates between different altcoin sectors, even though many of these assets remain strongly correlated with BTC. That's why one of the most effective ways to track the performance of different crypto sectors is by building liquidity and performance indices for each category. This allows you to easily identify which altcoins are outperforming the market and which ones still have significant downside potential. What I'm describing explains, for example, why memecoins barely rallied over the past year, while privacy coins significantly outperformed. However, the privacy sector has just emerged from a distribution phase, suggesting that other sectors may now begin to stand out. And that's how liquidity continues to rotate throughout the crypto market. Capital flows from one sector to another, creating new opportunities while leaving weaker sectors behind. This dynamic is remarkably similar to what we see in traditional financial markets. Follow liquidity, not narratives.