Friday's 74,300 flush came fast. Most traders watched the price drop and panicked.

The more interesting story was in the L1 charts.

$ETH barely blinked relative to Bitcoin — post-Pectra staking flows kept steady demand under the price. $BNB held tighter than the broader market, deflationary burn mechanics quietly absorbing sell pressure. $SOL held its key support zone without needing a headline to rescue it.

Not all dips are equal. When BTC drops hard, you learn which ecosystems have real structural demand underneath — and which ones were just riding its coattails.

The L1s that held through Friday's flush weren't lucky. They had yield, burns, and staking depth doing silent work in the background.

With the $6B May 29 options expiry ahead and BTC recovering above the 200-day moving average, the setup for next week looks clear: BTC stabilizes, productive L1s catch up.

The rotation doesn't need a new narrative. It needs the dip to be over.

By most measures — it is.

#BinanceSquare #Altcoins #Layer1 #CryptoMarket #BullMarket