DN15 | Altcoin Outperformance

Unpacking the macro catalysts and technical setups that are potentially about to drive the crypto market's most asymmetric upside bets.

As Bitcoin continues to test key resistance levels, I think the broader market could be quietly setting the stage for something much bigger. In this issue, we will begin by checking the vital signs of the market leader, as is par for the course with this newsletter. We will update our Bitcoin production cost models and break down the latest Elliott Wave structures to explain why the most bearish scenarios have likely been invalidated.

From there, I want to briefly touch on the relentless strength we are seeing in equities, and why standing in front of this potential AI-fuelled melt-up could be a dangerous game. The recent move back to all-time highs has been something of a catalyst in reversing bearish market sentiment, and we can see just how quickly that starts to trickle down into other assets.

The primary focus of this issue is exactly what the title suggests: Altcoin Outperformance. We will dive into a confluence of charts and catalysts that are lining up in favour of the broader crypto ecosystem. We will take a look at upcoming policy changes and the impact that could be seen there, alongside some key charts and market indicators that are suggesting altcoins will soon outperform. We’re already starting to see some evidence in the market that this may be the case, so stay tuned until the very end where we also break down the charts of Ethereum, Solana, Sui, and Bittensor.