The crowded beta trade used to *always* be ETH in previous cycles.

This inevitably led to subpar returns.

Now I'm starting to see signs that SOL could be the crowded trade...

Past week returns

ETH 53%

SOL 29%

Max funding(hl)

ETH 5%

SOL 8%

Current funding at local highs(hl)

ETH 1%(neutral)

SOL 3.69%