Every altcoin down today. CoinDesk 20 red across the board. NFP beat and crypto did not care. If you are reading this as "altcoin season is dead" — you are reading it wrong.
Indiscriminate selling is not rotation. It is forced exits. Overleveraged positions, margin calls, and macro-sensitive traders flushing risk at once. The assets dumping together right now are not dumping for the same reason.
$ETH has a productive yield curve post-Pectra. $BNB has four consecutive quarters of supply compression. $SOL is processing institutional AI payment volume. None of that changed today.
Altcoin season does not start from strength. It starts from uniform weakness — when everything gets sold indiscriminately, and then the market has to decide what actually deserves to recover. That sorting mechanism is running right now.
What you hold through a week like this determines what you collect on the way up. The separation is not happening at the top. It is happening right here.