Leverage, liquidity & longs: The altcoin rally setup no one sees coming

• Altcoins are showing a strong long bias, with over 70% leaning bullish.
• Is the market bracing for a squeeze or a slide?

Two weeks after tagging its all-time high, Bitcoin [BTC] is back teasing the $105k mark. It is a level that’s become a pressure point for market sentiment. Last time it cracked, BTC slid straight to $100k, and with no confirmed bottom yet, traders are on edge. 

Historically, this kind of indecision sparks alt rotations as capital looks for short-term upside outside BTC’s shadow. Yet, while the setup is there, many alts are still stuck in the red, posting double-digit losses every week.

According to AMBCrypto, an altseason isn’t here yet, but with BTC in limbo and market structure thinning out, there might just be enough space for sharp-eyed bulls to start positioning for the next reversal.