Altcoins Test Multi-Year Pivot vs Bitcoin as QT Ends and PMI Tops 50

The altcoin-to-Bitcoin ratio is pressing against a multi-year downtrend line at the same moment two macro inputs are flipping: quantitative tightening has been over for 182 days, and the ISM PMI just printed higher to 54 — above the 50 line that has historically separated crypto bear markets from…