Delphi Digital: If US small-cap stocks continue their upward trend, altcoins may see a catch-up rally.

According to an article published on the X platform by Delphi Digital, the long-term correlation between the Total3 altcoin index and the US small-cap (RUT) stock index has remained at approximately 0.75 since the beginning of 2024, indicating that both are driven by liquidity and risk appetite. However, short-term indicators have deviated: the 30-day and 90-day correlations have recently fallen to historically low levels, suggesting a temporary loosening of short-term linkage.

Historically, similar patterns have often foreshadowed mean reversion, potentially leading to a catch-up rally in lagging assets. If the macroeconomic environment remains favorable and small-cap stocks continue their upward trend, altcoins may experience a similar surge.