Tariffs killed altseason
Let’s not sugarcoat it, everything was aligning:
- ETH was setting up against BTC
- SOL ecosystem was too good
- AI, LRTs, and RWA were rotating well
- Retail was re-engaging
- ETF flows were spreading beyond BTC
Then Biden hit with the tariff escalation. 100% on EVs. 50% on chips. China responded
And just like that:
➣ Altcoin market cap dropped ~$84B
➣ Dominance pushed back above 56%
THE MACRO IMPLICATIONS I SEE
- More inflation pressure → delayed rate cuts
- Higher uncertainty → flight to $BTC, not alts
- Volume shifted back to majors instantly
I was positioned across $PYTH, $ZETA, $ONDO, $FET
Had to scale back. The moment ETH/BTC lost 0.05, it was obvious: altseason is postponed, not canceled
Thoughts?
