The market is no longer in capitulation (June–July, Bitcoin below $60–63k) nor in a confirmed breakout. It is in an institutional range regime after an August rally (~+20–25% on BTC since summer lows) and repeated failure below $82,000. Alts have outperformed BTC over 30 days (XRP / Solana ~+35–36%, Ethereum ~+30%, BTC ~+21%), then leverage…
