Honestly, I think this recent dip mattered way more than people realize, especially if you’re watching alts.. That “Dominance by Open Interest” indicator I talk about is still one of the best early warnings out there. Every time open interest on alts (excluding ETH) goes higher than BTC, it means we’re usually just a week or two away from an alt top. Two days back, “Others” OI was up to 36% while BTC was at 40%. If we’d kept pumping for just a few more days, alts probably would’ve topped out, and the last two times that happened, we saw 50-70% drawdowns in the months that followed. But this correction actually did us a favor. Others OI dropped back down to 33% and BTC OI climbed up to 41%. That gives the whole alt market a bit more room to run before any real top forms. I’m not saying we reverse this week or moon right away, but I genuinely think alts haven’t topped yet. Wouldn’t surprise me at all if we get one more leg up and see alts rallying for another couple weeks before the real top shows up. Just keep it in mind when you’re positioning. Timing matters more than anything in this market, imo..
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