Altcoins might be heading into an interesting phase.
US ISM PMI came in at 55.5%, beating the 54.5% forecast.
That's also the 10th straight reading above 52%, showing continued expansion in the US economy.
What caught my attention is that the last two times we saw a similar streak were in 2016 and 2020.
Both periods were followed by some massive moves in altcoins, with certain coins gaining 10x–20x over the next few months. Crypto market cap also went on to make new highs.
Now we're seeing something interesting again.
Altcoins have already been through an 18-month bear market, and sentiment is still heavily negative.
If liquidity starts rotating away from AI and precious metals, crypto could be one of the next places to benefit.
Not saying history will repeat itself, but this is definitely worth watching.
US ISM PMI came in at 55.5%, beating the 54.5% forecast.
That's also the 10th straight reading above 52%, showing continued expansion in the US economy.
What caught my attention is that the last two times we saw a similar streak were in 2016 and 2020.
Both periods were followed by some massive moves in altcoins, with certain coins gaining 10x–20x over the next few months. Crypto market cap also went on to make new highs.
Now we're seeing something interesting again.
Altcoins have already been through an 18-month bear market, and sentiment is still heavily negative.
If liquidity starts rotating away from AI and precious metals, crypto could be one of the next places to benefit.
Not saying history will repeat itself, but this is definitely worth watching.
