The crypto market has been experiencing a slowdown in recent weeks, with declining volumes and cautious positioning across major assets. However, blockchain data suggests that capital is not exiting the market but rather becoming more selective in its allocation.
Instead of broad rallies, attention is being directed toward assets with clear narratives or active ecosystems. This shift suggests a transition phase, where accumulation may precede a larger directional move.
The focus on infrastructure tokens and DeFi platforms reflects a more measured strategy, where investors prioritize long-term positioning over short-term price swings.