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 1.30% BNB 3.72% BTC -1.72% CORE N/A% ETH 2.44% HNT 5.95% MKR 5.47% SOL 0.19% STX N/A% XRP -2.29% BITW -3.3% BTBT -4.74% CLSK -1.94% COIN +1.89% CORZ -1.34% HIVE +1.35% HOOD +4.4% HUT -2.44% IREN -0.66% MARA -2.65% MSTR -6.43% RIOT +3% SMLR -5.41% WULF -4.85%

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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