btc and majors are running hard, but onchain still feels asleep

we saw this exact setup on the last move to $78k. majors take the first leg, perps become the obvious trade, and onchain gets completely ignored.

once BTC cools off and starts ranging, that liquidity has to go somewhere. traders move away from perps and start rotating back into onchain.

that is when the strongest names wake up.

i’m using this window to pick add to my onchain bags before everyone rotates back