Meme market: Which moves first, the leaders or small caps?
I only pay attention to memes when they have independent buying demand; otherwise, I treat them as volatility.
For memes, first check whether the leaders have volume, then see whether small caps dare to follow.
BONK 0.00000354 (-3.01%), PEPE 0.00000413 (-3.28%), DOGE 0.0897 (-4.34%), WIF 0.2335 (-4.38%)
For comparison: BTC 83506 (24h -2.28%).
Even leading BONK is down just -3.01%; the weakest is SHIB at -5.02%. Memes are bleeding. Talking about sentiment recovering is self-deception.
BTC is still at 83506 (-2.28%). Until BTC gets above 84,174, I consider any move in memes a right-side entry to be noise.
BTC is the switch for memes: unless it gets above 85496, I won't treat gains in small caps as a sector-wide move.
Data: Binance Spot 24h / Binance USDⓈ-M / Yahoo daily (5-day change). Missing figures are not filled in.
Would you still be holding memes when they haven't outperformed BTC?
#meme币 #DOGE #BTC
Data card (same update as the main text; missing values are shown as dashes):
BTC 83,506 -2.28% Binance Spot 24h
ETH 2,586 -3.99% ETH/BTC 0.03097
S&P 7,802 +1.96% Yahoo 5-day
Nasdaq 27,539 +2.52% Yahoo 5-day
Dollar 102 +0.31% DXY 5-day
VIX 15.08 -7.99% Yahoo
Funding rate 0.0008% Open interest 7.98B (24h -1.49) Long/short 1.7005 Binance USDⓈ-M
Personal opinion; figures are from the sources cited in the text. Not an order to trade.
I only pay attention to memes when they have independent buying demand; otherwise, I treat them as volatility.
For memes, first check whether the leaders have volume, then see whether small caps dare to follow.
BONK 0.00000354 (-3.01%), PEPE 0.00000413 (-3.28%), DOGE 0.0897 (-4.34%), WIF 0.2335 (-4.38%)
For comparison: BTC 83506 (24h -2.28%).
Even leading BONK is down just -3.01%; the weakest is SHIB at -5.02%. Memes are bleeding. Talking about sentiment recovering is self-deception.
BTC is still at 83506 (-2.28%). Until BTC gets above 84,174, I consider any move in memes a right-side entry to be noise.
BTC is the switch for memes: unless it gets above 85496, I won't treat gains in small caps as a sector-wide move.
Data: Binance Spot 24h / Binance USDⓈ-M / Yahoo daily (5-day change). Missing figures are not filled in.
Would you still be holding memes when they haven't outperformed BTC?
#meme币 #DOGE #BTC
Data card (same update as the main text; missing values are shown as dashes):
BTC 83,506 -2.28% Binance Spot 24h
ETH 2,586 -3.99% ETH/BTC 0.03097
S&P 7,802 +1.96% Yahoo 5-day
Nasdaq 27,539 +2.52% Yahoo 5-day
Dollar 102 +0.31% DXY 5-day
VIX 15.08 -7.99% Yahoo
Funding rate 0.0008% Open interest 7.98B (24h -1.49) Long/short 1.7005 Binance USDⓈ-M
Personal opinion; figures are from the sources cited in the text. Not an order to trade.