Here’s the lowdown on Bull Run Liquidity Swaps:

The bigger the market cap, the earlier it moves.

It kicked off with Gold → then flowed into Stocks (which rallied while BTC dipped post 112k) → then BTC caught fire → now it's ranging around 120k → meanwhile ETH + large cap alts are pumping.

Memes and low caps? Still lagging but that’s where the next major play might be after the end of ETH cycle 👀

Its like an investor who's spending his gain into different assets one by one.