According to @stocktalkweekly, crypto continues to lag equities on a relative basis, signaling a weak cross-asset regime for digital assets; source: @stocktalkweekly on X. Traders can validate this regime by monitoring BTC/SPX and ETH/SPX ratio charts, a standard relative strength technique used to compare asset performance; source: StockCharts ChartSchool and Investopedia. In similar phases historically, altcoins tend to underperform BTC while Bitcoin dominance rises, concentrating liquidity in majors and increasing portfolio beta risk if overexposed to small caps; source: Coin Metrics State of the Network and Binance Research. Common positioning tactics in such regimes include trimming illiquid altcoin exposure, focusing on high-liquidity pairs, and waiting for BTC/SPX to reclaim key moving averages for trend confirmation; source: StockCharts ChartSchool and CFA Institute. Derivatives signals to watch are perpetual funding rates and basis, as elevated long skew during relative weakness can amplify liquidation risk; source: Binance Academy and Kaiko Research.