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BTC holding near $77,844 while higher-beta SOL underperforms points to caution, not capitulation. The market is treating US-Iran oil risk and labor uncertainty as reasons to reduce exposure at the edges, while keeping core crypto positions intact. My bias is that macro sensitivity matters more here than the BTC-gold correlation narrative. Until risk appetite broadens beyond BTC and ETH, relative strength in the majors looks defensive rather than the start of a clean market-wide advance. Just my read, not advice.