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Bitcoin Is Pulling Back. But Traders Are Still Greedy. Something interesting is happening in crypto right now. $BTC has pulled back from the $82K area and is trading around $79.7K, but market sentiment has not flipped into fear. The Crypto Fear & Greed Index is still around 75, firmly in Greed. That divergence matters. Price is cooling. Sentiment is not. Usually, that tells me the market is still positioned for continuation rather than preparing for a deeper correction. But there is another signal I am watching closely. Bitcoin dominance remains elevated. That suggests traders are willing to stay in crypto, but capital is still concentrating around $BTC instead of aggressively rotating across the wider altcoin market. My radar is therefore focused on breadth. If $BTC stabilizes around $79K–$80K while $ETH, $SOL, $XRP and $BNB begin outperforming, the market could be entering a healthier rotation phase. If Bitcoin keeps losing momentum while dominance stays high, that would tell a different story. It would mean traders are not necessarily leaving crypto. They are simply becoming more selective. The macro backdrop makes this setup even more important. August U.S. payrolls came in at 162,000, far above expectations, pushing Treasury yields higher and increasing the probability of another Fed rate hike in September. The next major macro catalyst is September 11 CPI. That creates a difficult environment for high-beta assets. I would watch $SUI, $APT, $AVAX and $SEI for signs of broader risk appetite. For DeFi, $AAVE, $UNI, $CRV and $PENDLE can show whether capital is moving into actual on-chain activity. For infrastructure, $LINK and $ONDO remain important. And $TAO, $RENDER and $FET are worth watching if the AI narrative starts attracting liquidity again. The bigger thesis: This market does not look fearful. It looks selective. That distinction matters. If Bitcoin holds while breadth improves, the pullback could simply be consolidation. #HammackBacksHike #BTCGoldRatioHigh #OKXOutcomeLeagueFOMC