VERY IMPORTANT! 👇 The altcoin bull market you refer to does not occur from money flowing out of BTC or from external cash inflows! Forget about these false claims! An investor holds ETH or BTC. Whale investors! They invest this into Aave, that is, the DeFi platform, as collateral, and in return, they receive stablecoins (USDT, USDC, etc.). With that stablecoin, they go and buy altcoins, which then become collateral again, creating new debt, new purchases. Thus, as the price of ETH rises, the collateral value increases, the debt capacity grows, and the purchasing power for altcoins multiplies. In 2021, DeFi TVL = $250 billion, of which 70% was ETH-based. When ETH rises, the TVL also inflated "on paper," creating a massive liquidity illusion. So the statement "The altcoin bull is created with imaginary money" is technically correct. Because a large portion of the money in the system is debt/stablecoin backed by collateral. So the real reason for the rise of BTC, ETH, and altcoins together in a true altcoin bull market is this. Whales attack ETH and BTC to borrow USDT against collateral and buy altcoins with imaginary USDT borrowing :) Real money creates imaginary liquidity. Here you have "DEFI"... The more BTC and ETH rise initially on their own, the bigger the altcoin bull will be! In 2017: ICOs exploded with ETH collateral. In 2021: DeFi and stablecoins operated with ETH and BTC collateral. In 2025 and 2026, Restaking (EigenLayer) + LRTs will recreate this "imaginary money." So not just staking, but restaked ETHs (eETH, rsETH, ezETH, etc.) will serve as collateral, and new DeFi will be built on top of it. This means that the system is creating collateral on top of collateral within itself. That's why the altcoin market is fed not by "real cash" but by "ETH derivative leveraged liquidity." Here, I have whispered the reason why EIGEN will enter the top 10... Write it down in the frame :)) 😘