The Rotation Back — What Happens When Capital Returns To Crypto The flows that left will return. The question is what they buy first. May saw $2.3B flee crypto ETFs into stocks and AI. But rotation cuts both ways — when capital comes back, the sequence is predictable. Position for the return before it happens. All on OKX. Why capital rotates back. Money left crypto for AI stocks and the SpaceX IPO trade. But once those crowd out and crypto stabilizes above $73,869, the relative-value trade flips. Crypto at multi-month lows versus stocks at records creates the mean-reversion setup. The return sequence. First, $BTC catches the initial flows — the safest re-entry. Then $ETH as the large-cap follow. Then high-beta majors $SOL, $XRP. Finally the alts and high-risk names. Capital moves down the risk curve in order. Front-run the sequence. The first beneficiaries. $BTC the initial magnet for returning ETF flows. $ETH at $1,981 oversold, primed for the bounce with Russell inclusion June 26. $SOL at $81 with ETF approval pending — a specific catalyst to pull flows. The revenue names that lead. $HYPE already pulling inflows while others bled — the canary for crypto demand returning. $JUP, $AAVE, $JTO with real fees attract capital first in any rotation. Quality leads recoveries. The catalyst that triggers it. SpaceX IPO June 11 could mark peak stock-rotation — once it lists, the “sell crypto buy SpaceX” trade exhausts. Capital looks for the next opportunity, and crypto at lows is the obvious one. The map on OKX. Early rotation: $BTC, $ETH, $HYPE. Mid rotation: $SOL, $XRP, $LINK, $ONDO. Late rotation: $TAO, $RENDER, $SUI, $TON, $ARB, $OP. Each phase has its leaders. The honest risk. Rotation back isn’t guaranteed soon — capital can stay in stocks longer than expected. Don’t front-run too aggressively. Scale in as confirmation builds. The framework. Build the rotation watchlist now. Watch ETF flows for the first green day — that’s the signal. Position $BTC and revenue names first. Add high-beta as the rotation matures.