Why no Altseason in 2025 yet ? Bitcoin has pumped 8.5x to $126,000 from the bottom of $15,400 in November 2022. US stocks are at an all-time high. Gold added $15 trillion to its market cap. With massive liquidity, all these big assets are absolutely exploding. While ETH is struggling to break its 2021 ATH of $4800, and altcoins are making new lows every week. But here is the reason why it’s happening. If you look closely, investors are only betting on safe assets right now. Gold - Biggest store of value Bitcoin - digital gold US stocks - only stocks like Meta, Tesla, NVIDIA, and Microsoft are performing, while Russell 2000 (altcoins /risky assets) still hasn’t broken its 2021 high. So currently, the liquidity is only in low-risk assets, and if you look at 2017 and 2021, this is how a bull market always plays out. Safe assets run hard People get confident Liquidity starts flowing into risky assets where returns are still to be made USD> BTC> ETH> High caps> low caps With all the tariffs and trade war situation, this whole year has been a very uncertain time for investors, so they only focused on low-risk assets like gold, bonds, and the top 7 stocks. But with 3 rate cuts in 2025, Qt ending, and easing of monetary policy, we will see liquidity flowing back to risk assets, which will send Bitcoin to new highs with ETH following it. Once ETH breaks and holds above $5,000, that’s when confidence with returns into alts. There are more than 155 altcoin ETF files which should get approved very soon ( likely November). So don’t get shaken out before the massive liquidity shift happens. I still believe in a parabolic Q4 pump