HODL My Beer Weekend Crypto Edition

The weekend edition is mostly data-driven.

We’ll look at the Total Market Cap chart to see how the broader crypto market is doing, who the biggest winner for the week is, and who the biggest loser is.

Total Market Cap Chart

From all-time highest close: -45.56%

YTD: -5.21%

YoY: +56.96%

Illuminati Hodlings Of BTC

Here’s how much the spot BTC ETF wallets are hodling.

You Know The RRG? Ya You Know Me

Here’s a quick definition of what a Relative Rotation Graph is:

RRGs are like a race track for currencies or sectors against a benchmark (hello, U.S. Dollar Index!). Each quadrant is a stage in this financial marathon:

1. Leading Quadrant (green): Top dog alert! You’re leading the pack, but careful not to burn out.

2. Weakening Quadrant (yellow): Uh-oh, losing steam and falling back. Better find that second wind.

3. Lagging Quadrant (red): Major oopsie! You've hit a snag and are trailing behind. Cue the sad trombone.

4. Improving Quadrant (blue): Here comes the comeback! You’re getting your groove back and climbing the ranks.

RRG in Action:

• Rapid Rotation: Zipping through all quadrants? It's a wild ride, signaling volatility. Traders, keep those seatbelts fastened.

• Stuck in the Middle: Hovering near the center? That’s a whole lot of "meh" – no clear direction. Traders might play the waiting game.

• Consistent Leader: Cozying up in the Leading Quadrant for ages? Strong uptrend alert! Traders, consider jumping on this gravy train.

• Slow Recovery: Crawling from Lagging to Leading? It’s the tortoise approach, hinting at a gradual comeback. Traders, keep an eye out for those turnaround tales.

The GIFs below show the last 10 weeks and 15 days, respectfully, in crypto and highlight some major market-cap cryptocurrencies and those at their extremes.

Remember: The further an instrument is from the middle, the better the perceived trading opportunity is - so keep that in mind.

Weekly RRG

Daily RRG