Bitcoin Carries the Team, ETH Brings the Heat

Plus: Bhutan’s secret Bitcoin stash hits the market 👀

Author

Macro Point Daily
July 01, 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

  • 📈 BTC leads crypto cap growth H1

  • 💰 ETH sees record $2.9B inflows

  • 🇧🇹 Bhutan shifts $15M BTC to Binance

  • 🔒 Long-term BTC holders lighten positions

  • ⚖️ CME launching spot futures tomorrow

  • 🧱 XRPL EVM sidechain goes live

Let’s dive in.👇

Today’s Edition

📌 Bitcoin Anchors Crypto Market in H1

Bitcoin surged 13%, underpinning a flat overall market.

Despite macro uncertainty, the crypto market cap inched up 3% in the first half of 2025, thanks to BTC’s outperformance while ETH and SOL dropped 25% and 17%, respectively. Bitcoin’s resilience hints at sustained sentiment into H2, with historically strong July momentum. Analysts point to improving regulatory clarity and increased treasury demand as key catalysts moving forward.

📉 ETH Inflows Fueled by ETF Demand

Ethereum sees $429M weekly, $2.9B YTD ETF inflows.

ETF demand, bolstered by EthCC and Robinhood’s move into an Arbitrum L2, helped push ETH above $2,500. A shrinking supply on exchanges and rising staking—over 35M ETH locked—tighten fundamentals. Tomorrow’s CPI print may test that momentum: hot inflation could threaten rate cut hopes and risk appetite.

📈 Bitcoin dominance now sits at ~62%, up 1.2% from six months ago.

Digital asset fund inflows extend streak—momentum builds

This TradingView‑style snapshot highlights a steady march upward in BTC's share of total crypto market cap—rising from roughly 61 % in January to 62 % today. That shift signals a cautious mood: capital is rotating out of altcoins and back into the perceived safety of bitcoin. A rising dominance trend often precedes altcoin weakness—or worse, flat performance—stressing the importance of selectivity as institutions pivot focus ahead of ETH ETF-driven action and macro data releases.

  • 📈 BTC dominance (~62%) at six‑month highs

  • 🔁 Capital rotation toward crypto blue‑chip

  • ⚠️ Altcoins face headwinds without risk‑on momentum

📈 Bhutan Readies Bitcoin Sale

Bhutan moves 137 BTC (~$15M) to Binance.

The Kingdom of Bhutan’s sovereign investment arm quietly shifted $15 million worth of Bitcoin to Binance, raising eyebrows about a potential sell-off. The wallet, linked to Druk Holding & Investments, still holds nearly 12,000 BTC—worth over $1.2 billion. While Bhutan has been actively accumulating crypto through mining and strategic buys, this move could hint at a need for liquidity or portfolio rebalancing. Market watchers are keeping an eye on whether this is a one-off transfer or the start of broader selling pressure.

🛠 XRPL Launches EVM Sidechain

XRPL now supports Ethereum dapps via EVM sidechain.

The XRP Ledger began rolling out its EVM-compatible sidechain, enabling deployment of Ethereum dapps in its ecosystem. This expands XRP’s utility beyond token transfers and opens integration with DeFi and NFT ecosystems. Developers now have an alternative scalable playground adjacent to XRP’s fast settlement layer.

Degen Domain

🐸 LTC Holds Below $86

Litecoin dips sub‑$86 as resistance persists.

Litecoin tested key resistance at ~$86 before pulling back. With BTC dominating and ETH ETFs siphoning liquidity, LTC lacks momentum, but a breakout above $86 could trigger a quick short squeeze among altcoin hunters.

💬 Quote of the Day

“History doesn’t repeat, but it often rhymes.”

— Mark Twain

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

📉📈🧠🫡
— Macro Point Daily