Crypto’s capital rotation is predictable in rhythm but wild in its targets. While retail chases the tail end of meme rallies, “smart money” is quietly positioning in a sector that’s historically been sluggish but holds the industry’s deepest liquidity: Bitcoin infrastructure. The narrative is shifting. We’re moving away from pure speculation toward “fat protocols”—infrastructure plays solving critical bottlenecks. That matters. Despite holding 50%+ of the market cap, Bitcoin is largely dormant capital—digital gold, not a productive asset. And with mainnet congestion spiking fees (again), there’s a vacuum for scaling solutions.  Unlike Ethereum’s mature L2 ecosystem, Bitcoin’s landscape is barely out of the cradle. Smart money is tracking projects that don’t just “wrap” Bitcoin—they program it. The “Modular Bitcoin” thesis is gaining serious traction. The idea?  Use Bitcoin solely for settlement while offloading execution to faster environments. Investors want the best of both worlds: S