meme short-term sentiment—how is it today?
First look at the capital flows, then look at the price.
DOGE 0.0979 (+4.76%), SHIB 5.93e-06 (+3.85%), PEPE 4.92e-06 (+16.59%), WIF 0.2558 (+18.48%)
The correlation between the meme sector and BTC has been around 0.6 recently, about the same as in early July.
The correlation between the meme sector and BTC has been around 0.6 recently, about the same as in early July.
Until BTC holds above the key level, the right-side signals for memes don’t really count.
How are you handling your positions over the weekend?
#meme #sentiment
For personal observation only and does not constitute investment advice.
First look at the capital flows, then look at the price.
DOGE 0.0979 (+4.76%), SHIB 5.93e-06 (+3.85%), PEPE 4.92e-06 (+16.59%), WIF 0.2558 (+18.48%)
The correlation between the meme sector and BTC has been around 0.6 recently, about the same as in early July.
The correlation between the meme sector and BTC has been around 0.6 recently, about the same as in early July.
Until BTC holds above the key level, the right-side signals for memes don’t really count.
How are you handling your positions over the weekend?
#meme #sentiment
For personal observation only and does not constitute investment advice.