Bitcoin is holding.
But majors are not leading.
And that is not a small detail.
In healthy continuation phases, majors expand with BTC.
They attract rotation.
They build structure.
They signal confidence.
Right now, we are not seeing that.
$ETH remains heavy.
Large caps remain selective.
Breakouts struggle to hold.
This tells us risk appetite is conditional.
Capital is not positioning for trends.
It is probing for reactions.
That usually means:
• Upside attempts get sold quickly
• Only isolated names move
• And leadership fails to stabilize
This is how markets behave
when they are undecided but active.
Not bearish.
Not bullish.
➡️ Transitional.
And transitional markets do not reward broad exposure.
They reward timing, location, and patience.
Until majors start expanding with BTC,
every move should be treated as tactical, not structural.
Block Stream Analytics
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