JiaMs

⚠️ Top institutions are reducing exposure to risk assets—altcoin season still needs to wait
Clear Q1 position signals:
Berkshire Hathaway, Ackman, TCI, Leuth—cutting risk exposure across the board.
Logic: AI risk, overvaluation, and macroeconomic uncertainty.
Mapping to the crypto market:
Bitcoin, as “digital gold,” holds up better against downturns
Altcoins depend on high-risk appetite capital, and the current environment is unfavorable
Conditions for altcoin season:
✅ The Federal Reserve turns toward easing
✅ Risk assets overall rebound
✅ Bitcoin stabilizes and triggers capital outflow rotat