This is MASSIVE.

The same signal that triggered the 2017 bull run is here.

ISM PMI came in at 52.7 today, crossing back above 51 for the 4th consecutive month.

The last two times this happened were January 2017 and September 2020. Both preceded multi month altcoin rallies of historic scale.

ISM is a US manufacturing data point that measures economic expansion. When ISM crosses 51, it signals that the broader economy is expanding, liquidity conditions are improving, and risk appetite is returning.

Historically that environment pushes money into higher beta assets and altcoins are the highest beta asset class on the planet.

Now the level to watch is 55. Every time ISM has sustained above 55, altcoins have gone parabolic.

We are not there yet.

But the last two times the chart looked exactly like this, altseason followed within months.