Buying More SOL, Plus Another Election Trade Idea (Core Strategy Rebalance)

Name: FS Insight
Price range: $$$

Oct 17, 2024 • 7 Min Read

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AVAX 2.43% BNB 3.72% BTC 0.66% CORE N/A% ETH 1.65% HNT 2.83% MKR 5.47% SOL 2.48% STX N/A% XRP 1.98% BITW -3.3% BTBT +15.59% CLSK -1.52% COIN +0.39% CORZ +2.79% HIVE +3.11% HOOD -4.01% HUT +4.36% IREN +7.85% MARA -0.28% MSTR +0.78% RIOT -0.41% SMLR +2.17% WULF +4.17%

Small Cap Breakout a Positive Indicator for BTC

It is a common refrain among passive industry observers that BTC is strongly correlated with large-cap tech stocks, leading some to view BTC as a quasi-leveraged version of QQQ. However, we think this perspective is limiting. If you were to rely on QQQ as a barometer for crypto market conditions, you would experience several periods of underperformance over the course of a liquidity cycle.

For instance, in Q2 of this year, when the market was awash with bullish fervor around NVIDIA and AI, tech stocks soared on solid earnings and growth pr...

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Buying More SOL, Plus Another Election Trade Idea (Core Strategy Rebalance)

Small Cap Breakout a Positive Indicator for BTC

Unlock this article with a FREE 30-Day Trial!

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