📍The altcoin season still has opportunities – Small-cap stocks are confirming that
📌 Data shows altcoins are moving in sync with the US small-cap stocks group – particularly the Russell 2000 index. Both are high beta assets that often surge when risk appetite returns to the market.
📌 The Small Business Sentiment index is recovering similarly to previous upcycles (2016, 2020, 2021) – each time leading to a strong rally in both small-cap stocks and altcoins.
📌 Although altcoins recently corrected ~12% at the beginning of August, market sentiment remains at "Greed," while interest in altcoins has continuously risen since the beginning of the year.
📌 Bitcoin Dominance is decreasing, ETH is outperforming BTC, and meme & mid-cap are still vibrant – signaling that the altseason is still in its middle phase.
💭 From an intermarket perspective: If small-cap stocks continue to break out, the altcoin market cap may still have room to run. This is not a phase for profit-taking, but a time to closely follow the flow of money to pick the right wave.