I don't think it is consensus yet, but I believe you long $SOL over $ETH now.
The $SOLETH pair looks so bad that its beginning to look good. It has trended down for the larger portion of the last ~4 months and the last weekly was a doji.
I've been shorting $SOL either outright or as part of a pair trade given its underperformance but this trade looks stretched to me now.
On top of that, we've had $BTC treasury companies and more recently $ETH treasury companies so it only makes sense to front run the inevitable for $SOL - the only question is who / when.
Personally I find it feeling "terrible" to make a public call like this when the trend is so obvious but if there were to be a turning point its probably now or within a few weeks.
This call feels terrible to make. Similar to buying $BTC 100k calls back in April and also buying $SPY $QQQ puts last week. Ironically a call that felt "good" was the $PUMP trade and that was my worst call this year by far.
Let's see.
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