06.11.25: Bitcoin Eyes New ATH / Bitcoin Core 30 Sparks Debate

Plus discover the meme coin flipping logic — political insanity to wrap things up 👇

Author

Macro Point Daily
June 11, 2025

👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

  • 🟢 Bitcoin flirts with $110K milestone

  • 🔧 Core 30 shakes up Bitcoin’s base layer

  • 📉 ETH/BTC chart hints at altseason

  • 💥 Solaxy surges as Solana's L2 debutant

  • 🧠 Macro signals align for crypto risk rally

  • 🐸 Cat-themed chaos pumps $MIXIE

Let’s dive in.👇

Today’s Edition

📌 Bitcoin Nears All-Time Highs Again

BTC touches $110K — but can it stay there?

Bitcoin briefly surged past $110,000 today, its highest level since the May correction. Ethereum outpaced it, rallying nearly 8% on the day as capital rotated back into majors. Analysts at Bitfinex warn that the move may be short-lived without stronger macro catalysts, particularly with CPI and Fed decisions around the corner. Traders are watching resistance around $112K, the previous ATH. If this breaks cleanly, crypto could enter another FOMO cycle.

  • 🪙 BTC flirts with all-time highs near $112K

  • 📉 Rally could fade without macro support

  • 📊 ETH outperformed, hinting at capital rotation

📉 Markets Risk-On Ahead of CPI & Fed

Layoffs climb while equities and crypto rally

U.S. macro conditions remain a paradox. Layoffs are rising while inflation softens, boosting expectations of Fed rate cuts. Bitcoin’s tight correlation with equities means a weak CPI print could drive the next leg up. With the DXY cooling, capital is trickling into risk assets. Crypto traders are increasingly betting that policy easing is coming sooner than expected.

  • 💵 Soft jobs data fuels dovish Fed bets

  • 📈 BTC trades alongside equities, tracking macro momentum

  • 🧨 Lower CPI tomorrow could trigger breakout

📊 ETH/BTC Wedge Signals Altseason On Deck

A breakout from key ratio may rotate capital

Ethereum has been grinding higher against Bitcoin, and a breakout above 0.0260 BTC could be the ignition point for altseason. As BTC cools near resistance, traders are watching ETH/BTC like hawks. The chart shows rising accumulation and a tightening wedge, typical for a breakout setup. If Ethereum holds momentum, expect a surge in broader altcoin rotations.

  • 📈 ETH/BTC forming bullish breakout structure

  • 🔁 Could mark beginning of altseason rotation

  • 📊 RSI and volume confirming the setup

📈 Solaxy Hype Grows as Solana’s First L2

Presale closes in on $40M with meme-meets-utility play

Solaxy is gaining momentum as Solana’s first Layer 2 project, raising nearly $40 million in presale and attracting both retail and whale attention. Billed as a fusion of meme coin culture and real L2 utility, it promises lower fees and composability. While still early-stage, it's building a narrative around altseason utility meets virality. It could fill a vacuum in the Solana ecosystem—if the tech matches the hype.

  • 🔥 Solana gets its own L2 narrative with Solaxy

  • 💸 Presale nears $40M as hype builds

  • 🧠 Memecoin branding, real Layer 2 utility

🛠 Bitcoin Core 30 Expands Data Capacity

Limit jump spurs optimism — and concern

Bitcoin Core 30 is coming in October, and it’s bringing a major change: raising the OP_RETURN limit from 80 bytes to almost 4MB. That opens the door to NFTs, metadata anchoring, and richer on-chain apps—all within Bitcoin’s base layer. Some developers are excited about the flexibility, while others warn of spam and bloat. Regardless, it signals renewed ambition to expand Bitcoin’s use cases beyond pure money.

  • 🧩 OP_RETURN jump revives on-chain application hopes

  • 🧱 Some fear bloat, others see decentralized potential

  • 🚀 Launch set for October 2025

Degen Domain

🐸 Mixie Goes Parabolic on TikTok Pump

Solana-based cat meme coin rockets 150%

$MIXIE, a Solana memecoin with feline branding and AI vibes, exploded 150% today on the back of TikTok virality. Market cap hit $120M before profit-taking kicked in. It’s part of a broader pattern: cute branding + social momentum = rapid gains. Zero fundamentals, full dopamine. Proceed accordingly.

  • 🐱 $MIXIE pumps 150% to $120M cap

  • 📱 TikTok-driven virality fuels the move

  • 🚩 No utility, just vibes — classic degen play

💬 Quote of the Day

“The risk of a short‑term correction continues to build—especially in the absence of a strong catalyst.”
— Bitfinex

See you tomorrow. Forward to a friend who still thinks ETFs are boring.

📉📈🧠🫡
— Macro Point Daily