According to @BullTheoryio, the U.S. ISM Manufacturing PMI for November printed 48.2, signaling continued contraction per the Institute for Supply Management’s November 2025 Manufacturing ISM Report On Business and ISM’s methodology that classifies readings below 50 as contraction. The last two major altcoin runs coincided with ISM readings above 55 in 2017 and 2021, as evidenced by ISM historical PMI data and the surge in crypto market cap ex-BTC on TradingView’s TOTAL2 series during those periods. With PMI still sub-50, a prudent approach is to prioritize liquidity in majors like BTC and ETH and wait for a sustained PMI move back above 50 and toward 55 as allocation triggers, using ISM’s monthly releases and market breadth confirmation on TradingView. This framing keeps risk aligned with macro momentum, anchored to ISM data and cross-checked against historical crypto cycle behavior on TradingView.

According to @CryptoMichNL in an X post dated Nov 1, 2025, the altcoin market capitalization chart is ready for a big upside breakout, implying a bullish technical bias for altcoins. Source: @CryptoMichNL on X, Nov 1, 2025. The post does not specify price levels, indicators, or timeframe, so traders should monitor confirmation on altcoin market cap indices rather than assume immediate continuation. Source: @CryptoMichNL on X, Nov 1, 2025. Breakout confirmation typically involves a decisive close above resistance with expanding volume and momentum before entries. Source: Investopedia, Breakout. Widely tracked proxies for altcoin market capitalization include TradingView CRYPTOCAP:TOTAL2, the crypto market cap excluding BTC, and CRYPTOCAP:TOTAL3, the crypto market cap excluding BTC and ETH, for signal validation and risk management. Source: TradingView symbol descriptions for CRYPTOCAP:TOTAL2 and CRYPTOCAP:TOTAL3.