The $TOTAL Crypto Market Cap bounced at its key level and moved up since. This is a nice line in the sand for the bullish overall momentum and in my opinion a solid invalidation for the short/mid term bullish scenario's. Anything below and I'd start getting wary for a larger consolidatin/drawdown into the Summer. Good level to watch. Roughly in line with ~$100K on $BTC.

The potential for a solid altcoin run has not looked as good in over 2 years as it does now. Let me explain 👇 (Not calling for a full blown alt season, but there's some potential, please read further). 1. The $ETH/BTC ratio is breaking higher and has flipped its market structure around and is breaking above the bull market support band with that. Would want to see weekly closes above 0.026 for the ratio to really confirm this. Historically, ETH has always been the leader for market wide altcoin outperformance. For everyone always correcting me and saying ETH isn't relevant but $SOL is what to watch, I keep saying: $SOL went on a monster rally this cycle and what did the majority of alts do? I think that shows it's definitely not a market wide altcoin strength indicator. ETH is. 2. $BTC.D is breaking down slightly but has a long way to go to confirm a larger turn around is due. It came just short of the 70% big resistance so far. Obviously I'm not ruling out anything but at least the risk reward starts making more sense the higher it goes. 3. Best case scenario for alts would be if $BTC chills out around this area during the Summer and investors go further down the risk curve to try and catch some of these runs. BTC around $120K is too high for many people and they think they relative returns will be quite small from here on out. This makes people more likely to start allocating into alts. 4. I do still think we'll see more concentrated runs within specific sectors vs a market wide altcoin run. The latter is just simply very hard with the amount of coins there are. But even if there's 2-3 narratives running at the same time, those can be perfect to rotate between if you can roughly catch a decent chunk of the rotations. 5. My $BTC to altcoin ratio has been 80/20 for most of the year. If we continue to see strength, I'll start scaling some of that BTC into high conviction altcoin holds and will start moving closer to 50/50 for the remainder of 2025. This is something I am comfortable with. Depending on your view and risk appetite you might want to do something entirely different. I just made the deal with myself that I'd never go below a 50% BTC allocation ever again. This is already on the low side in my opinion. As always, we'll see how it plays out. Keep monitoring and don't get stuck in bags that lag or underperform for prolonged periods of time. Stick with strength and stick with the winners would be my recommendation.

$ETH Spot ETFs took in a massive $726.6M in net inflows yesterday. Price is on an absolute tear right now and in the middle of that $2.8K-$4K range.

$SOL Flipped its Daily 200MA/EMA and is nearing in on its local range high & resistance. That $180 level is key for SOL to keep going and has capped price for the past ~5 months. Meme coins are running well and that generally puts some bid behind SOL. As long as memes run, I think SOL does too. But keep an eye on this area.