Risk-off tone in the alt space this morning. $BEL is the standout decliner, down 15.47% in a sharp pullback, while $ACM slips a more moderate 6.33% — both showing sellers firmly in control after recent strength. $FIL is the lone bright spot, rallying 5.97% and bucking the broader weakness, hinting at some isolated rotation into select names even as risk appetite cools elsewhere.