U.S. markets held steady despite weaker than expected economic figures, including lower ADP employment numbers and a soft ISM report. Risk assets showed resilience, suggesting investor confidence remains intact
Former President Trump was quick to criticize Fed Chair Jerome Powell for not cutting interest rates and claimed the Fed is lagging behind the European Central Bank. Later, Trump called for the permanent removal of the U.S. debt ceiling adding to a growing sentiment that fiscal policy is now driving market momentum.
Treasury Secretary Scott Bessant introduced a new proposal, the “Big Beautiful Bill,” which includes full tax expensing for new U.S. manufacturing and R&D investments. Attention now shifts to the July 4 vote on the “One Big Beautiful Act” (OBBB), which will likely address the debt ceiling either through suspension or a limit increase by August.
Institutional Interest in Crypto Continues to Grow
Institutional adoption of crypto assets is gaining traction. JPMorgan has approved the use of crypto ETFs as collateral across its lending, trading, and wealth management divisions, acknowledging digital assets as part of clients’ net worth.
Public companies are also moving into crypto. K Wave Media and Treasure Global recently disclosed crypto treasury allocations, reinforcing the growing role of digital assets in corporate diversification strategies
Circle has filed for an IPO, targeting a valuation of $7.6 – $8.1 billion. At the same time, speculation is building around a token launch tied to a major Solana memecoin platform suggesting retail interest remains strong
ETF Flows Slow, But Outlook Remains Positive
After strong inflows in May, activity in spot ETFs cooled slightly. On June 4, BTC ETFs saw $87 million in inflows, while ETH ETFs brought in $57 million. Despite seasonal slowdowns, long-term fundamentals remain favorable. Both BTC and ETH issuance rates are now lower than global money supply growth, a supportive condition for price appreciation
New treasury demand is helping absorb supply. ETH is holding up well, repeatedly testing its 200 day moving average without breaking lower. The ETH/BTC ratio is stable near 0.025, indicating ETH is showing relative strength
Bullish Positioning Builds Ahead of Potential Breakout
With fiscal policies supporting risk assets, the environment remains favorable for a breakout in BTC. Structured products like bullish September ERKO Seagulls offer low cost exposure to upside moves.
Some institutions are already positioning accordingly. Demand for September BTC call options at the $130,000 level is rising, signaling growing confidence in a possible rally
We’ve recently seen a fresh buy signal from the Hash Ribbons indicator a tool that tracks stress levels within the Bitcoin mining sector. This signal comes as no surprise, given that Bitcoin’s hashrate has just hit new all-time highs. The Hash Ribbons compare the 30day and 60day moving averages of network hashrate to identify when miners are under financial pressure
In the short term, this pressure tends to be negative for price action. Why? cause wen mining becomes unprofitable for some operators, they often need to sell their Bitcoin holdings to cover operational costs. These forced sales can weigh on the market temporarily
What matters is the historical pattern: these miner driven sell-offs often mark strong long-term entry points for investors. Outside of the unusual 2021 China mining ban, this indicator has been consistently reliable. So Current conditions suggest that accumulating around current levels is a well-timed move.
Former President Trump was quick to criticize Fed Chair Jerome Powell for not cutting interest rates and claimed the Fed is lagging behind the European Central Bank. Later, Trump called for the permanent removal of the U.S. debt ceiling adding to a growing sentiment that fiscal policy is now driving market momentum.
Treasury Secretary Scott Bessant introduced a new proposal, the “Big Beautiful Bill,” which includes full tax expensing for new U.S. manufacturing and R&D investments. Attention now shifts to the July 4 vote on the “One Big Beautiful Act” (OBBB), which will likely address the debt ceiling either through suspension or a limit increase by August.
Institutional Interest in Crypto Continues to Grow
Institutional adoption of crypto assets is gaining traction. JPMorgan has approved the use of crypto ETFs as collateral across its lending, trading, and wealth management divisions, acknowledging digital assets as part of clients’ net worth.
Public companies are also moving into crypto. K Wave Media and Treasure Global recently disclosed crypto treasury allocations, reinforcing the growing role of digital assets in corporate diversification strategies
Circle has filed for an IPO, targeting a valuation of $7.6 – $8.1 billion. At the same time, speculation is building around a token launch tied to a major Solana memecoin platform suggesting retail interest remains strong
ETF Flows Slow, But Outlook Remains Positive
After strong inflows in May, activity in spot ETFs cooled slightly. On June 4, BTC ETFs saw $87 million in inflows, while ETH ETFs brought in $57 million. Despite seasonal slowdowns, long-term fundamentals remain favorable. Both BTC and ETH issuance rates are now lower than global money supply growth, a supportive condition for price appreciation
New treasury demand is helping absorb supply. ETH is holding up well, repeatedly testing its 200 day moving average without breaking lower. The ETH/BTC ratio is stable near 0.025, indicating ETH is showing relative strength
Bullish Positioning Builds Ahead of Potential Breakout
With fiscal policies supporting risk assets, the environment remains favorable for a breakout in BTC. Structured products like bullish September ERKO Seagulls offer low cost exposure to upside moves.
Some institutions are already positioning accordingly. Demand for September BTC call options at the $130,000 level is rising, signaling growing confidence in a possible rally
We’ve recently seen a fresh buy signal from the Hash Ribbons indicator a tool that tracks stress levels within the Bitcoin mining sector. This signal comes as no surprise, given that Bitcoin’s hashrate has just hit new all-time highs. The Hash Ribbons compare the 30day and 60day moving averages of network hashrate to identify when miners are under financial pressure
In the short term, this pressure tends to be negative for price action. Why? cause wen mining becomes unprofitable for some operators, they often need to sell their Bitcoin holdings to cover operational costs. These forced sales can weigh on the market temporarily
What matters is the historical pattern: these miner driven sell-offs often mark strong long-term entry points for investors. Outside of the unusual 2021 China mining ban, this indicator has been consistently reliable. So Current conditions suggest that accumulating around current levels is a well-timed move.
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Disclaimer
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🟣MasterClass moonypto.com/masterclass
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
⚪ t.me/moonyptofarsi
🟢Signal moonypto.com/signal
🔵News t.me/moonypto
⚪ t.me/moonyptofarsi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.