The crypto market leader could be looking at a substantial position unwind around early May 2026. Right now, positioning should reflect a potential trillion-dollar valuation thesis for the dominant player. Meanwhile, the L1 landscape remains competitive—Ethereum and Solana are both performing strongly, with price targets around 15K and 2K respectively. What's interesting is how these assets are building new cycle narratives with solid relative strength over the past couple years. The bidding wars for fresh market stories tend to accelerate when you see this kind of momentum window opening up.