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Degens Deteriorating
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GM $BTC struggling to break ~$68k

$BTC trending strongly upward for past 3 days

$SOL, $ETH and other majors staying disturbing flat for past 3 days

(i.e. SOL/BTC ratio dropping for past 3 days)

= Markets entirely uncertain that $BTC will successfully break through $68k

Remember that past peaks were also characterized by $BTC surging, while others like $SOL just β€œignore” $BTC’s surge and stay flat

Had started to create concrete code that could measure this, and further test its predictive power, think I’ll finish that later.

For now, let’s see what $BTC does next.

Will $BTC break ~$68k, or touch it and bounce off of it again?

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$MOODENG continues to get hammered

Influencers in disbelief

Coin launched just a little too early for sustained growth β€” MVRV been in a sustained downward trend for months, and not high enough

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$BTC been pumping for last 2 days

$SOL been dumping for past 2 days

Now finally $BTC is dumping

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