Here is a 30 day moving average of new followers to various crypto accounts on Twitter (X).
Note the mania of 2021 compared to everything since then.
This shows you why there was never a durable rotation into alts... there was no one here to buy them.
This is one of the most important charts right now.
If SPX breaks down against Gold, the environment we have found ourselves in for the last decade will completely change.
Here is a 30 day moving average of views to a lot of different crypto youtube channels.
So it's not just X and an algorithm change.
Viewership to crypto has been dropping across platforms.
Good chance #ETH spends some time in its lower regression band in 2026 before expanding out of it in 2027/2028.
According to this model, the current "fair value" of ETH is $1987.
If you are bored by #BTC price action, this is also how it felt in 2019.
Bitcoin topped in June 2019 just before QT ended in August and then the market just slowly trended down for a while.
However, the drop was not as fierce as bear markets that topped on euphoria (2017, 2021)