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BTC is testing confidence. ETH is testing capital flows. SOL is testing risk appetite. $BTC holding support preserves recovery structure, but one bounce cannot confirm a new trend. $ETH needs to turn relative strength into a breakout. Once confirmed, capital has reason to move down the risk curve. That is when $SOL becomes interesting—not because it is cheap, but because higher beta can amplify rotation as confidence returns. BTC unlocks liquidity. ETH confirms rotation. SOL prices risk appetite