The S&P 500 is flashing some serious strength right now. Nearly 68% of the index constituents are trading above their 200-day moving averages—the best market breadth we've seen since the start of 2024. What does this mean? When this many stocks move into overbought territory simultaneously, it typically signals broad-based conviction in risk assets. For crypto participants watching macro trends, this kind of synchronized equity rally often precedes or coincides with capital rotating into alternative assets. The momentum is real, and the tape is speaking volumes. 📈

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