This gap reflects a clear difference in capital flows. Traditional financial markets continue to benefit from the AI narrative and sustained institutional demand. Meanwhile, the crypto market has yet to attract a comparable amount of fresh capital.

At the same time, weakness across the digital asset market is unevenly distributed. Investors are increasingly concentrating capital in a limited number of assets and sectors, while a large portion of altcoins continues to trade well below their historical highs. This may indicate a shift toward a more selective market environment,…