Basic Intuitioncrypto, much like tech or meme stocks, attract the last tranche of liquid capital. After bonds, stocks and private creditsince COVID, liquidity has been plateauing/shrinking by the Fed ➜ liquidity not able to reach all aspects of crypto, especially altcoinsplateauing / shrinking liquidityfor "tide to lift all boats" scenario where everything pumps regardless of quality or rationale, we need liquidity events (eg 2008 GFC, 2020 COVID)else it's selective diversion of liquidit...