$BTC No cycle change” — this is the key misunderstanding
The cycle did change, just not in the way retail was trained to expect.
Old cycle:
BTC up → ETH up → Altcoins explode → Retail wins
New cycle:
BTC up → Capital stays in BTC → Some flows to ETH → Altcoins stay dead
This is not a broken cycle.
This is a filtering cycle.
$BTC is absorbing capital instead of redistributing it.
