❗️This Level Will End Bitcoin's Run. Let's Prepare:

GM, another Big Week commences.

Unlike James Wynn, who closed his $1.25B long position based on a normie YouTube video FUD, we predicted a typical Trump style pivot on EU tariffs last Friday, which would send BTC higher again. It only took him two days, and in his true “shitcoin president” nature, he saved the weekly and put the EU tariffs on hold until July 9th.

Everything is setting up for a banana zone-style breakout as long as BTC holds roughly above $107k. Wicks below are acceptable—we’ll likely see them at some point this week, possibly triggered by macro headlines like Wednesday’s Fed Minutes, Thursday’s US GDP data, or Friday’s PCE inflation numbers.

What’s also driving crypto higher is a wave of positive liquidity movements outside the US: Japan just announced a 900B yen emergency package, while China continues pumping billions into markets via reverse repos.

Importantly, even though the more likely move from here is higher, this rally is getting into an overheated territory, with the Fear & Greed index now ticking firmly into greed. As always, we should remember these indicators can stay overheated for much longer.

Perhaps the easiest way to gauge when this rally comes to a halt is USDT dominance. This one failed to bounce and is likely heading to around 4%. This is where we should pay attention. If a new floor is created around 4%, or we see a fakeout under and then a reclaim, it will likely mark our mid-term top (not a bull run top though, in my opinion).

If USDT dominance loses this level, it’s lights out (for the bears).

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The important bits.

• Valantis Labs on Hyperliquid reached $1m worth of staked HYPE

• Origami Finance announces more improvements coming next week

• Smokey the Bera explains the next steps for Berachain, read here

• Hfun on Hyperliquid launches new front-end for token launches, check it out here

• Initia proposes to reduce staking rewards, full proposal here

• Lido releases v3 whitepaper, read here

• Gnosis introduces Circles V2, read details here

Even more important bits.

• US and India's new trade deal could be announced within 7-10 days

• What happened at Trump’s Crypto Dinner? Read full breakdown here

• Cathie Wood of ARK Invest calls Solana “anti-fragile” and highlights its low costs and agility

• Hong Kong passes stablecoin bill

• President Trump says, "something has happened" to Putin

Charts and stats of the day.

• ~14.5% of all Ethereum validators signaling for a 60 million block gas limit

• Hyperliquid just hit $10.1B in open interest, setting a new all-time high

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It seems like the dog’s days are over again regarding Solana smart-money movements. Popcat in charge.

Ethereum smart money movements are concentrated on Base today, with Launcher, Virtuals, and Zora.

• Distribute AI (AI)

• Tokyo Games (Gaming)

• Gavel (DeFi, Solana)

• Aiva (Autonomous AI layer)

To save you doom scrolling.

If you have any doubts about the future of this space, just listen to good old Bessent shilling that stablecoins could create $2T of demand for US Treasurys.

We’re nowhere near the true top of this whole thing. Prepare for madness.

stay safe homies,

Hix0n 🫡