With Bitcoin $BTC and Ethereum $ETH reclaiming their prior-cycle highs, we even went as far as arguing that this recent move represents a structural regime shift for the asset class.
In our view, both the short and intermediate-term trends have now definitively shifted higher.
This comes within the context of a slew of risk-on developments in traditional markets.
Bitcoin had its best week in two years, with the orange coin rallying 22%. Many coins followed suit, with names like Solana gaining a whopping 60% last week.
Over the last week, we've seen momentum flow down the cap scale in crypto markets. Many altcoins have posted sizeable gains coming from historically skewed levels.
This is happening in the context of a tightening volatility regime, where price stability in Bitcoin, Ethereum, and most alts were at some of the highest levels in recent history.
You literally had to do nothing, and you've outperformed some of the most sophisticated crypto trading firms on the planet.
By loss realization and institutional contagion, this is the single worst crypto bear market in history.
So, if you're still here with a few dollars to your name, take solace in the fact that you've done a better job at risk management than some of the most intelligent players in the space.
For us, our process has been incredibly simple.
The trend has been down, and we haven't wanted to buy rallies until some long-term bullish shape has been put in.
In recent months, we've been incredibly persistent with our cautious approach while most coins are below their June lows.
Take our equally weighted altcoin index. There's nothing to be done here: