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Degens Deteriorating
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Longish-term downward slide of $SOL/$BTC over past few days IIRC often tends to lead up to dumps… Will see later if I can chart the accuracy of such SOL/BTC-based predictions There’s some trickiness in that it’s very unclear the timespan over which such…
Did a quick classic lead/lag plot on BTC/USD vs SOL/BTC yesterday

Generally seeing positive correlations for negative lags (left side of chart generally positive), and negative correlations for positive lags (right side of chart generally negative)

I.e.

+ SOL/BTC’s next price movements have a strong POSITIVE correlation by BTC/USD’s past price movements, over SHORT timeframes

+ BTC/USD’s next price movements have a strong NEGATIVE correlation with SOL/BTC’s past price movements, over LONGER timeframes

— Which is fascinating, and exactly what we’d noticed… and lines up with the model we’d imagined

=

(1) $BTC directly driving the price of smaller coins like $SOL

— making BTC movements predictive of SOL movements in the short term

(2) BUT, smaller coins like $SOL also essentially trying to price-in the upcoming anticipated changes in $BTC price

— making SOL/BTC movements predictive of $BTC movements in the slightly longer medium term

Fascinating, just as we would’ve guessed — and slightly trickier than just one being predictive of the other. Predictive of each other, but in slightly different ways, and different time spans.

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i.e. $BTC booms or dips do indeed seem to drive immediate, much bigger booms or dips in the smaller coins

But also, price movements in the smaller coins do seem to predict upcoming movements of $BTC, on longer time frames

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$MOODENG listed on Coinbase, doubles in price

Not as huge as the Binance listing surges

Unclear how much that’s due to Binance causing much bigger surges, or market conditions of $SOL & BTC dropping over the past week

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Paul Atkins confirmed to accept the nomination for Chairman of the SEC

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But seriously one of the worst run launches of all time

Even worse than slerf

Setting records

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WARNING: GRAPHIC CONTENT – ASSASSINATION: UnitedHealthcare CEO Brian Thompson, Head of $324 Billion Giant, Assassinated Outside NYC Hotel

Brian Robert Thompson, the CEO of UnitedHealthcare, was tragically shot and killed outside a New York City hotel on December 4, 2024. UnitedHealth Group, the parent company of UnitedHealthcare, is among the world's largest companies. According to the 2023 Fortune Global 500 list, UnitedHealth Group ranked 10th globally, with revenues of approximately $324 billion.

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Not feeling it at all

$BTC breaking $100k while $SOL is still at $227?

Current $BTC pump feeling fake af

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