Why this crypto cycle feels completely different from 2021:

Back then, almost everything pumped.

Today?
Capital is becoming selective.

The market is rotating into narratives with:
• real revenue
• infrastructure
• institutional demand
• long-term adoption

That’s why sectors like:
• AI
• RWA
• DePIN
• stablecoin infrastructure

are getting most of the attention.

#Bitcoin dominance is still high, but altcoin sentiment is improving slowly.

This doesn’t look like random retail mania yet.

It looks like early positioning.