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WHEN RISK APPETITE SPREADS After a defensive phase, the market tells a new story: capital is no longer seeking safety—it’s searching for beta and narratives that can lead. $BTC +1.13% $ETH +1.78% $SOL +2.29% $XRP +3.45% $DOGE +2.34% $ZEC +7.56%. The key isn’t the biggest gainer—it’s the breadth of recovery. Multiple layers outperforming BTC signals rising risk appetite. If BTC holds its base, rotation could be large caps → narratives → altcoins. Which narrative captures the next liquidity wave?