Meme market: Which moves first, the leaders or the small caps?
If the leaders aren't seeing volume, I won't listen to a single story about small caps.
For meme coins, first check whether the leaders have volume, then see if the small caps dare to follow.
BONK 0.00000304 (-4.40%), SHIB 0.00000499 (-4.41%), DOGE 0.0790 (-4.97%), PEPE 0.00000443 (-5.14%)
For comparison: BTC 81490 (24h -3.69%).
Even the leader, BONK, is only down -4.40%; the weakest is WIF at -7.07%. Meme coins are bleeding. Talking about sentiment recovering is self-deception.
BTC is still at 81490 (-3.69%). Unless BTC gets above 82,142, I'll treat any meme-coin move to the upside as noise.
The switch for meme coins is BTC: unless it gets above 84898, I won't count gains in small caps as a sector-wide move.
Data: Binance spot 24h / Binance USDⓈ-M / Yahoo daily (5-day change) / altme_fng / mempool_fees / defillama_chains / coingecko_trending. Missing figures are not filled in.
Would you place a bid at the pullback level, or wait for the candle to close?
#meme币 #DOGE #BTC
Useful nugget: What gets called the Robinhood chain will most likely still see spot trading launch on Solana.
Food for thought: The dollar strengthened over 5 days, while BTC still rose: treat it as an independent move, with its staying power discounted.
Data card (same update as the main text; missing values are marked with a dash):
BTC 81,490 -3.69% Binance spot 24h
ETH 2,390 -4.61% ETH/BTC 0.02932
S&P 7,671 -0.94% Yahoo 5-day
Nasdaq 26,125 -2.20% Yahoo 5-day
Dollar 102 -0.30% DXY 5-day
VIX 18.26 -8.65% Yahoo
Funding rate 0.0028% Open interest 7.80B (24h -6.48) Long/short 1.9869 Binance USDⓈ-M
Personal opinion; figures are from the sources cited in the main text. Not an instruction to place an order.
$DOGE $PEPE $BTC
If the leaders aren't seeing volume, I won't listen to a single story about small caps.
For meme coins, first check whether the leaders have volume, then see if the small caps dare to follow.
BONK 0.00000304 (-4.40%), SHIB 0.00000499 (-4.41%), DOGE 0.0790 (-4.97%), PEPE 0.00000443 (-5.14%)
For comparison: BTC 81490 (24h -3.69%).
Even the leader, BONK, is only down -4.40%; the weakest is WIF at -7.07%. Meme coins are bleeding. Talking about sentiment recovering is self-deception.
BTC is still at 81490 (-3.69%). Unless BTC gets above 82,142, I'll treat any meme-coin move to the upside as noise.
The switch for meme coins is BTC: unless it gets above 84898, I won't count gains in small caps as a sector-wide move.
Data: Binance spot 24h / Binance USDⓈ-M / Yahoo daily (5-day change) / altme_fng / mempool_fees / defillama_chains / coingecko_trending. Missing figures are not filled in.
Would you place a bid at the pullback level, or wait for the candle to close?
#meme币 #DOGE #BTC
Useful nugget: What gets called the Robinhood chain will most likely still see spot trading launch on Solana.
Food for thought: The dollar strengthened over 5 days, while BTC still rose: treat it as an independent move, with its staying power discounted.
Data card (same update as the main text; missing values are marked with a dash):
BTC 81,490 -3.69% Binance spot 24h
ETH 2,390 -4.61% ETH/BTC 0.02932
S&P 7,671 -0.94% Yahoo 5-day
Nasdaq 26,125 -2.20% Yahoo 5-day
Dollar 102 -0.30% DXY 5-day
VIX 18.26 -8.65% Yahoo
Funding rate 0.0028% Open interest 7.80B (24h -6.48) Long/short 1.9869 Binance USDⓈ-M
Personal opinion; figures are from the sources cited in the main text. Not an instruction to place an order.
$DOGE $PEPE $BTC