2025 Cycle - A Needed Reality Check

The BTC → ETH → Alt rotation wasn’t “broken”.

It was simply misunderstood.

2021 was driven by exceptional liquidity conditions, not a repeatable playbook.

Markets respond to liquidity first, narratives later.

A few key points often overlooked:

• QT only fully ended in late 2025
• Liquidity rotations take time — especially toward altcoins
• We’re likely in an acceptance phase, not a failure phase

Trading old assumptions in a new cycle is costly.

Structure and patience matter more than predictions.