BTC.D Tops—Altseason Incoming?

Plus: Solana L2 shipping tools and a bizarre name‐coin blowing up 👇

Author

Macro Point Daily
June 30, 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.D hovers near new cycle highs

  • 📉 Analyst says altseason still on hold

  • 📈 Solana whales shift ~$17K SOL

  • 🛠 New L2 memetool launches on Solana

  • 🐸 POTATO token spikes 150%

  • 💬 LILPEPE presale buzz continues

Let’s dive in.👇

Today’s Edition

📌 Top Story: Bitcoin dominance remains elevated — but altseason still MIA

Despite signals, analysts warn altcoins aren’t winning yet

Bitcoin Dominance (BTC.D) holds firm around ~65%, with monthly and weekly RSI readings stuck above 70. That puts dominance in overbought territory, indicating crypto capital remains locked in Bitcoin. According to analyst Tony Severino, altcoins likely won’t see meaningful inflows until BTC.D declines and RSI falls under 70. Meanwhile, a dragonfly doji on the weekly chart could signal a pause—but no clear reversal yet. Bottom line: altseason waits for a BTC.D breakdown.

  • 🔒 BTC.D dominance still strong (~65%)

  • ⚠️ RSI remains overbought across time‑frames

  • ⏳ Altcoin upside on hold until BTC.D cooling

📉 Solana whales shift tokens ahead of ETF speculation

Whales offload ~17K SOL amid looming ETF chatter

On-chain data reveals a major Solana whale trimming approximately 17,000 SOL from a long position. This could be profit-taking or a tactical reposition ahead of rumored Solana ETF movement. Such shifts often presage larger volatility moves—watch for continued whale activity and funding rate changes.

  • 🐋 Whale reduces SOL stake—a possible signal

  • 📉 Could signal consolidation or profit-taking

  • 🔍 Follow funding rates to gauge sentiment

📈 Crypto fund inflows hit fresh highs as BTC & ETH attract capital

Digital asset fund inflows extend streak—momentum builds

CoinShares data shows that crypto investment products notched a 10th consecutive week of net inflows, totaling $1.24 billion, pushing year‑to‑date inflows to a record $15.1 billion. Bitcoin led with $1.1 billion, while Ethereum added $124 million, reinforcing strong institutional demand. Funds in the US accounted for the lion’s share of activity, although select alt assets like SOL and XRP also saw smaller inflows. This consistent capital entry signals growing conviction in crypto’s long-term role—especially during macroeconomic uncertainty. Watch whether this steady AUM climb continues into July and if smaller alts begin to gain traction.

  • 📈 10 weeks straight of inflows—momentum building

  • 🪙 BTC fund saw $1.1B; ETH $124M last week

  • 🌍 US dominates, but alt inflows extend reach

📈 Regulatory tug‑of‑war: U.S. crypto policy hangs in the balance

Stablecoin clarity inches forward while broader reforms stall

The Senate recently passed the GENIUS Act, setting regulatory groundwork for stablecoins, but comprehensive market-structure reform remains in limbo. Industry insiders are split: some favor decoupling the stablecoin bill to fast-track it, while others caution that a piecemeal approach could weaken long-term policy goals. Meanwhile, the FATF urged global compliance after calling out persistent crypto illicit activity, signaling regulators aren’t backing off. The result is a poker game in Washington—with crypto firms pushing for certainty on stablecoins and cautious about new SEC powers. Outcome-watchers should focus on whether GENIUS passes alone or stalls against broader reform, and if FATF pressure triggers faster global alignment.

  • 🪙 GENIUS Act sails through Senate; House now in play

  • 🏛️ Broader market‑structure bill stuck in committee limbo

  • 🌐 FATF urging global enforcement—regulators tightening abroad

🛠 Solaxy ships L2 memecoin deployment tool

A Solana Layer‑2 “meme launchpad” goes live

Solaxy (SOLX) just debuted a Layer‑2 platform for launching memecoins efficiently and fairly. It offers low gas costs, anti-bot mechanics, and streamlined UX. Since its presale on June 23, SOLX has jumped ~76%, backed by ~$48 M fundraising. This tool bridges utility and hype—potentially powering the next wave of viral tokens.

  • 🚀 Live launch capability for memecoin teams

  • 💰 Raised ~$48 M presale so far

  • ⚡ Low fees + bot resistance = user appeal

Degen Domain

🐸 POTATO coin; chaotic, hype-fueled, and wild

POTATO memecoin pumps 150% on pure mania

No whitepaper, no utility, no plan—just a Discord link and a token named POTATO (Solana SPL). The price just surged ~150%, pushing its mcap to ~$2 M. This is pure degen mania—zero fundamentals, maximum risk, potential rug, but maybe a quick score.

  • 🥔 $2 M cap with zero fundamentals

  • 🔥 150% pump off community hype

  • ⚠️ Extremely high rug risk

💬 Quote of the Day

“Cycles flip when new narratives overcome old anchors.”

—Teddy Cleps

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

📉📈🧠🫡
— Macro Point Daily