According to @milesdeutscher, altcoins are not pumping because equity markets have absorbed significant liquidity and attention, making stocks the easier, lower-risk trade versus alts (source: Miles Deutscher on X, Oct 8, 2025). He states that many large traders have pivoted to equities for this reason (source: Miles Deutscher on X, Oct 8, 2025). However, he maintains that asymmetric opportunities are more identifiable and actionable in crypto for retail participants, so he is not pivoting away from crypto (source: Miles Deutscher on X, Oct 8, 2025).