Crypto Market Breadth Indicators now on Vox|Macro // Just as we would track breadth of returns in an FX basket or across equity market sectors to get a sense of the dynamics of a rally or sell-off, we can do something similar in crypto. // Using weekly data on top 200 crypto tokens' performance we can assess the extent to which this cohort is outperforming or underperforming BTC, the clearest benchmark in the asset class. // In the past, widespread outperformance of BTC among the top 100 coins by market capitalization has tended to be a warning indicator for the market, indicating that speculative fervor could be reaching a peak. // In an even more granular manner, we can examine breadth by sectors or cohorts. Significant memecoin outperformance of BTC is an even clearer warning sign. // Live @ https://t.co/UqsFJWMWE7