Money is starting to move around in crypto again, and it’s pretty noticeable.

We’re seeing significant outflows from Bitcoin and Ethereum, around $94M and $91M respectively, which usually hints at some selling pressure on the big players. But this doesn’t look like people leaving the market altogether. Instead, that liquidity is rotating elsewhere.

Smaller, narrative driven tokens like $RAVE and $PIEVERSE are picking up strong inflows, which suggests traders are chasing higher risk, higher-reward opportunities. It’s less about exiting and more about repositioning.

This kind of shift tends to happen in the middle of a cycle when confidence is still there, but participants start looking beyond the majors for bigger upside. The trade-off, of course, is more volatility and a clear move into risk-on territory.

$BTC