Q3 was insane for majors:

$ETH +71%
$BTC +43%

Both outperformed most alts and tradfi assets. $ETH led the charge—likely L2 momentum and ETF hype bleeding in.

Now the question: Can they sustain into Q4 or are we due for a cooldown?

Watch macro liquidity and Fed moves. If rates stay elevated, risk-on might pause. But if liquidity flows back in, we could see continuation into year-end.

Don't fade the majors when they're this strong.