Alts- it feels like alot of the alts alr shed alot w/most going down since end of july. for ex. rn if this was last week with eth down 3%+, alts would be -7-15% depending and instantly.

- PUMP turbo ran with sol, so its getting that 2x+ downside correlation now vs. fartcoins only down 3% (easily would be down 8-10%+ if this was last week).

-Generally even at the start of this move on the open, noticed that btc/majors down 0.1% alts weren't even down 1% for a while. for the last two weeks they'd be down 5% minimum instantaneously

This divergence in relative strength often happens when we're nearing an inflection (can be long or short lasting) and majors are catching up shedding excess which already got taken out from alts rapidly —- its to early to be certain about anything tho, if something additional happens that creates even more panic and then we're not in an inflection we could easily go back to env where they go -5% instantly vs. showing relative strength for a bit before giving in

Overall, it's crypto and things can always get worse. Probably best to not be a hero trying to knife catch on leverage and wait for more confirmation/signal

If wanting to make a move, better zone for a DCA on solid coins on spot vs attempting to knife catch majors on leverage

memecoin volatility index

35% of active managers are outperforming, meaning 65% have UNDERPERFORMED bc they were so offsides this whole year.

they have 3 months to try and catch up, they usually do this by slamming the bid on laggards. One of the biggest laggards relative to tech has ben crypto which has mostly jsut chopped around and declined for months and it looks like its breaking out just getting momentum. I wouldn't be surprised to see an it catch that inst. bid -"gov shutdown, increasing dollar distrust, etc" - many excuses to justify slamming the bid rn without saying "i need to chase momentum bc im underperforming"

hate sneding refs but if this is shoku's perp dex thing it rlly might be worth signing up for - trade.xyz/?ref=41TMDR4F6

i think to sign up u need a cumulative 5mil of volume on HL, if u do perps there normally it shouldnt be an issue

this is what crypto is supposed to look like

https://www.msn.com/en-us/money/markets/japan-s-next-prime-minister-could-make-rate-increases-tricky-for-bank-of-japan/ar-AA1NVREh

i think this is partly why crypto started getting weak a few days back, new prim minister of japan not wanting the boj to continue rate hikes and cut instead. it's why the yen got slammed and the dollar ramped which probably contributed to putting some pressure on btc

BOJ also has to hike rates bc of the inflation japans facing, its almost the opposite of our situation (US) - stopping rate hikes and starting to cut makes inflationary pressures a lot worse bc japans mostly an import economy so prices are not only rising bc of inflation but ppls purchasing power would be crushed by a weaker yen which would obv be bad for the economy. that's prob part of whats lead to asia's sessions to be weak in recent days

what u want is boj hiking which strengthens the yen, ppl have more purchasing power to combat inflationary pressures and then the strengthening yen also puts pressure on the dollar making it weaker (trump also wants the weaker dollar to make reshoring manufacturing attractive to corporates as well as foreign companies like how tsm's been building factories here)

that newsflow started coming out around here (blue is yen futures, green is dxy)

dw, just sharing to take note of what may have contributed to the halt in momentum, idt its raising any alarm bells atm