According to Cas Abbé on X, there has never been an AltSeason without liquidity expansion, making liquidity the key catalyst for broad altcoin rallies (Source: Cas Abbé on X). According to Cas Abbé on X, current conditions of business stress, job losses, and depleted savings are incompatible with an altcoin bull phase, implying constrained upside for alts near term (Source: Cas Abbé on X). According to Cas Abbé on X, the top 50 altcoins account for over 90 percent of combined altcoin market cap, indicating limited dilution and explaining weak market breadth in alts (Source: Cas Abbé on X). According to Cas Abbé on X, once liquidity returns, the same major altcoins are expected to lead parabolic moves, so traders should focus on liquidity triggers rather than blaming PumpFun or VCs (Source: Cas Abbé on X).

According to Miles Deutscher on X on Nov 21, 2025, the prior BTC cycle driven by DAT buying, SBR hype, and record ETF flows has ended, signaling a transition into a floor-finding phase before the next catalyst (source: Miles Deutscher on X, Nov 21, 2025). According to Miles Deutscher on X on Nov 21, 2025, he rejects a fixed 4-year cycle and argues BTC now trades as a macro asset led by flows and narratives rather than halving timelines (source: Miles Deutscher on X, Nov 21, 2025). According to Miles Deutscher on X on Nov 21, 2025, the next upside trigger could arrive within weeks to months via fiat debasement, an AI energy race, or broader liquidity expansion, implying traders should adapt positioning to macro-driven volatility and range dynamics (source: Miles Deutscher on X, Nov 21, 2025).