⭕79% of Altcoins Are Still Crushed > Here’s What It Really Means ?

- Digital assets bounced this week as selling pressure eased and markets priced in a possible Dec rate cut.

- Most tokens gained 5%+, but BTC and several majors are still negative YTD.

👉The cycle remains extremely narrow: 79/100 top tokens are still >50% below ATH, showing how little capital has rotated into altcoins.

- Majors continue to outperform thanks to deeper liquidity, while segments like DEX tokens, DeFi, and Privacy are holding up better due to clear fundamentals and buyback support.

- Liquidity explains the dispersion: early-year inflows from stablecoins, ETFs, and DAT issuance went mostly to BTC and large caps.

- These channels have since slowed, and rotation into smaller assets never fully happened.

- For a broader recovery, liquidity needs to re-accelerate and rotate beyond majors. Stablecoin growth, ETF flows, and DAT issuance remain the key indicators to watch.

💠Macro is turning more supportive, markets now price an ~85% chance of a 25bps cut in Dec-but risk appetite is still favouring equities.

👉Attention is also shifting to the next Fed chair. Polymarket currently shows Kevin Hassett as the leading candidate, aligned with Trump’s preference for lower rates.

- Market reaction will depend on how dovish the final pick is and whether inflation stays sticky.

- Everything will be answered this week, let’s wait and see.

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