The market feels quiet, but I wouldn't call this the end of the cycle. BTC is hovering around $76k–$77.5k after getting rejected near $83k–$84k last week. That tells me we're not in full risk-on mode yet. We're waiting for the next clear catalyst. ETH looks weaker, stuck around $2.1k and unable to break $2.4k for months. Altcoins are feeling the pressure, ETF flows are negative, and the Fear & Greed index is still in Fear territory. But I wouldn't call this a breakdown. It looks more like classic accumulation after a strong rally. Here's what I'm watching right now: Regulatory clarity — The CLARITY Act is the biggest signal this week. If US crypto regulation keeps moving forward, I think ETH, SOL, XRP, stablecoins, and RWA infrastructure (LINK, ONDO) benefit the most. AI x Crypto — AI agents, private inference, chain abstraction, and agent wallets are getting attention again. Still one of the strongest narratives for 2026 in my watchlist. TAO, VIRTUAL, NEAR, FET. RWA & tokenization — Wall Street isn't slowing down here. Tokenized bonds, private credit, real estate, and equities are quietly becoming real market infrastructure. ONDO, CFG, LINK, MKR. Stablecoins — They're moving from a crypto narrative to actual payment and settlement rails. That's why I keep an eye on USDC, stablechains, and yield-bearing stable assets. Perp DEXs — HYPE remains one of the clearest names in DeFi. The market still values revenue, liquidity, and real usage. My base case: If macro data holds and CLARITY momentum continues, BTC could retest $80k. If ETF outflows persist and macro weakens, the $74k–$72k zone is where I'm watching. In my experience, quiet weeks like this often decide where the next rotation starts. Not financial advice.