$BTC is not pumping. BTC is stabilizing.
And that distinction matters.
With Bitcoin holding around $90K and $ETH showing relative strength near $3K, the market is no longer in liquidation mode — it’s in positioning mode.
We are seeing three important behaviors:
• BTC grinding and absorbing supply
• ETH outperforming slightly
• Altcoin strength appearing selectively, not broadly
Top movers are not random — they are clustered by narrative:
NFT / attention tokens → Moonbirds, PIPPIN
DeFi & yield → HYPE, RIVER
Speculative beta → BANKR
This is not altseason.
This is early capital rotation.
When gains appear sector-by-sector instead of market-wide, it usually means:
➡️ Smart money is testing narratives
➡️ Liquidity is probing risk
➡️ Market is preparing, not expanding
BTC dominance is still high.
That means structure is leading, not hype.
Until BTC leaves this acceptance range, expect:
• Selective runners
• Fast rotations
• Narrative-driven volatility
This is the phase where watchlists are built — not where portfolios are chased.
Block Stream Analytics
Capital flow & market behavior desk #FedWatch #BTC #Ethereum