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Bitcoin's modest advance while ETH and SOL slip points to a market rewarding liquidity over beta. At $78,742.7, BTC is behaving more like a macro hedge than the lead leg of a broad crypto rally. The BTC-gold correlation theme reinforces that view, while US-Iran tension and firmer oil risks keep inflation uncertainty alive. I would treat current strength as selective BTC demand, not confirmation that risk appetite has returned across the market. Just my read, not advice.