BTC at $75,943. Sitting below every key level that matters. BTC dominance just hit 60% — highest of the year. That number tells the whole story. Capital isn't leaving crypto. It's consolidating into BTC while junk gets flushed. Ben Cowen said it plainly: millions of tokens need to die before a real bull run can start. That process is already happening. The altcoins bleeding out right now aren't victims — they're the purge. Altcoin Season Index at 39. Deep Bitcoin Season territory. Rotation hasn't started yet. But here's what's being built underneath: exchange BTC balances at multi-year lows, long-term holders accumulating, stablecoin supply rising. That's sidelined capital waiting for a signal. The market looks broken. The structure disagrees. $ETH $OKB $HYPE #ICEBacksOKXOilPerps #ExchangeOSGoesLive #HYPEBullsVsBears