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The crowd is laughing at the idea of an alt season, but the tape is telling a different story.
Most believe alts can't bottom while BTC slides, yet this is the exact same structural rotation that just hit equities. The Mag 7 has been bleeding while small caps and every other lagging sector explodes.
It is the "opposite of normal" divergence in action and we saw it near the 2022 bottom. While the herd parrots the 4-year cycle for btc, alt coins are showing they're in a cycle of their own.