Over the last 13 months, alts have been under steady sell pressure.
More selling than buying on spot markets, for over a year straight.
This isn't a dip or a healthy correction.
No narrative has been strong enough to pull real demand back in.
RWAs are the closest thing we've got, but it still feels early.
Most traders are parked in
$BTC and $ETH. Liquidity is deeper and the "financial freedom / screw the banks" story still hits.
Alt szn is not coming.
Get over it.