
Greeks.live|Apr 23, 2025 15:29
http://Greeks.Live Community Daily Digest
Published: 2025-04-23
Overall Market Sentiment
The group appears bearish on altcoins with many traders noting their portfolios are down 50% and ETH/alts struggling to break above 21-day EMA. Bitcoin seems to have stronger relative performance with some traders noting it's catching a bid, though traders are watching the 88K level which is viewed as a critical resistance point.
Crypto Decoupling from Equities - Technical Divergence
• Bitcoin showing strength relative to altcoins with one trader noting nice deco from SP500 suggesting crypto is decoupling from traditional markets
• Altcoins and ETH showing weakness with most capped by 21-day EMA and unable to break through this key technical level
• Traders actively monitoring funding rates with one member noting "OI is jacked, funding about to be negative so shorts opening" as an indicator of potential downside
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