🥳 In a highly anticipated result, 11 separate firms received approval on their #BitcoinETF proposals by the #SEC. With this news, #Bitcoin is up slightly... but just like on yesterday's fake announcement, #altcoins are the ones surging. Ideally, a long-term #bullcycle would be led by $BTC initially, followed by #alts. But for now, the following top-100 projects have been the biggest beneficiaries on what is already one of the largest single-day #alt dominance days since 2021:

📌 $HEX + 36%
📌 $ARB +20%

📌 $SNX +17%
📌 $ETC +14%
📌 $MNT +14%

We expect much higher than usual volatility for at least the rest of this week, and you can join our community of pro traders to be the first to be informed of the latest divergences. Get a free Sanbase PRO trial here to join our wonderful trader and investor community, and see what others in crypto can't!

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MATIC's on another all-time high binge, so here are 4 quick metrics to watch:

1) Daily active addresses look very choppy - isolated spikes around local pumps, possibly a signal of increased sell-offs:

Unless we see a sustained uptick in address activity, we may expect volatile PA and a quick-fire correction with every new ATH push.

2) Daily deposits confirm the above - latest two price tops were marked by a clear uptick in deposits. These indicate rising sell-offs that may obstruct the rally:

3) Network Profit/Loss had a massive spike right as MATIC hit new ATH, suggesting significant profit-taking activity. Keep an eye on these if MATIC rallies once more:

4) Finally, last two price tops were marked with upticks in MATIC-related chatter, as the social sentiment hit 'peak hype'. This should be a good gauge of retail fear/greed as (or if) MATIC continues to pump:

Stay safe out there!