🚨 ALTCOINS Sell pressure just hit a 5-year extreme.

• 13 straight months of net spot selling on centralized exchanges
• Consistent outflows from alts
• Almost no clear institutional accumulation signals

Liquidity is thin.
Rotation is weak.
Capital is hiding in stablecoins.

Historically, phases like this do one of two things:

1️⃣ Late-stage capitulation before a violent relief rally
2️⃣ Extended bleed until a clear macro catalyst appears

Right now?
It feels like the market is testing patience more than portfolios.

Alt seasons don’t start when everyone is excited.
They start when nobody wants to touch alts anymore.