Warning: Most traders will get absolutely rekt in this cycle.
Will there ever be a real altseason… or is this just another selective pump that leaves most bags underwater?
(a thread) 🧵
2/
📊 $BTC Dominance just reversed hard at the top of its higher timeframe range.
Monthly RSI = record highs
Monthly MACD = about to flip bearish for the first time in 5 years
This combo has marked major market phase shifts before.
3/
🔥 $ETH is leading.
In the last 30 days ETF inflows + ETH treasury companies accumulated $10B USD in $ETH.
4/
Two of the largest ETH Treasuries, $BMNR and $SBET, bottomed with the market in early August and are now ripping higher.
When $ETH treasuries pump and their mNAV expands, it’s fresh capital ready to buy $ETH.
That’s the sign for: More $ETH strength ahead.
5/
But don’t get it twisted.
This is not “everything pumps” mode. Liquidity is thin.
Retail is buying public market proxies like $COIN, $HOOD, and treasury firms and NOT our memecoin bags.
6/
📉 The Advance Decline Index (ADI) tracks how many coins rise vs fall daily.
Market cap + ADI both rising = broad strength ➡️ not what's happening
Market cap up but ADI down = gains in a few coins only ➡️ the reality of this cycle.
Right now, ADI for the top 100 has been falling since 2021 despite market cap growth. Upside has been driven mostly by $BTC and lately $ETH, while most alts lag or bleed back to $BTC.
Until ADI turns up with market cap, broad altseason is off the table.
7/
The “easy mode” of past cycles isn’t coming back.
This market will reward timing and conviction, not throwing darts.
We spotted the best crypto stocks before the pump. Get all the alpha here:
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