Bitcoin's recent slide under $90,000 did not trigger the usual deep correction behavior, indicating a shift from a liquidity-driven to a fundamentals-driven market.
Tokens with clear utility, staking, or institutional demand are maintaining their value, while speculative assets face pressure.
Asia-Pacific markets showed mixed results, with Japan's Nikkei 225 rising 0.5% despite Wall Street's tech-led declines.
It feels like we are moving out of the hype era into real conviction.