Cryptocurrencies remain under bullish pressure but keep in mind that we are in the final stages of the 5th wave, so a reversal down may occur anytime soon, especially now when most of them are already at new highs. However, looking at the intraday wave structures, there can be still room for slightly higher levels before they find the resistance, as DSH hasn't reached new intraday highs yet.
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As you know, Galaxy Digital Holdings is in tight positive correlation with Bitcoin, not tick by tick, but they are most of the time moving together, mainly because GLXY is a big BTC investor. So, the current recovery should be as part of a correction in wave B, which means that we still have to be aware of another sell-off for wave C soon, ideally, once GLXY completes its (A)-(B)-(C) corrective rally in B.
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GLXY vs. BTC Daily Elliott Wave Analysis Chart
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