How to read the Altcoin Tax™
Every week Hayloo measures how the major altcoins move against Bitcoin. Beta is the simple version: how far a coin tends to move when Bitcoin moves. Up-capture is the share of Bitcoin’s gains a coin keeps on Bitcoin’s up days. Down-capture is the share of Bitcoin’s losses it gives back on Bitcoin’s down days.
The gap between those two is Hayloo’s Altcoin Tax™. When a coin gives back more on the way down than it collects on the way up, it pays the tax. When it collects more than it gives back, it charges Bitcoin the tax instead.
The regime tag says how hard a coin swings against Bitcoin. High Beta means it swings harder than Bitcoin in both directions, not that it is winning. The flag fires on a fast move in the beta, a gap closing toward zero, a change of regime, or fast and slow windows that disagree. These are signals we trade. Stability says how far out our read holds.