Bitcoin’s breakout past $111K is being driven by sustained inflows from corporate treasuries.

Despite a murky macro backdrop, BTC still has room to run (to $142k, my earlier prediction) especially as volatility in the bond market makes it increasingly attractive as a hedge, catching up to gold’s strong Q1 performance.

ETH/BTC bounced sharply off its lows, but there hasn’t been meaningful follow-through yet.

Altcoins aren’t in full-blown risk-on mode. Still, rising retail mania in meme stocks, SPACs, and PIPEs could soon spill over into crypto markets.

Alts are facing near-term supply overhangs from upcoming token unlocks — they need positive momentum to re-engage retail reflexivity.

Funding and leverage aren’t excessive overall (outside pockets like Hyperliquid whales), but open interest is at record highs as BTC hits new ATHs.

Unless there’s a major macro selloff, crypto likely continues its upward grind led by BTC after some post-ATH consolidation.

Tactical playbook:

Keep dry powder for dip buys

Gradually rotate into high-quality alts with strong vested MC/FDV ratios and clear value accrual

Consider long gamma positions, retail capital from meme stock rotation may create fresh demand 👇🧵