g traders a big push either – leaving coin-specific positioning to do most of the work.

Why should I care?

For markets: Strength is nice but volume tells the truth.

Price gains without higher trading activity can be fragile, because fewer buyers are doing more of the lifting. That doesn’t mean a pullback is guaranteed, but it does suggest investors are still selective rather than in full risk-on mode. If breadth improves – more major coins rising together and volumes picking up – that’s usually a healthier signal than bitcoin holding up alone.

Zooming out: Crypto can decouple but not forever.

Flat yields and only a modest dip in stocks created room for crypto to trade on its own micro factors for a day. Over longer stretches,…