📊 Correlations at the peaks: the market moves as a whole
According to data from DeFiLlama, correlations between major crypto assets have reached historical highs. For example, the correlation between BTC and SOL was 0.99 — almost a complete mirror reflection.
Ethereum has become the most "connected" asset, showing high synchronicity with Cardano, Solana, and even Dogecoin.
What does this mean?
➡️ In the short term, the market is increasingly reacting to macro factors (news, regulation, liquidity) as a single class of assets.
➡️ Diversification among major coins currently provides less protection against overall volatility.
➡️ This may be a sign of the industry's maturity — or a temporary phase before a new stage of "divergence" in trends.
During such periods, it is important to monitor the overall market sentiment and manage risks carefully — downturns can be synchronous and sharp.
Have you noticed that recently all graphs have started to look similar? 🤔
