Navigating New Peaks: Bitcoin Dominance, SOL vs. ETH, and Macro Factors

This week, we're diving into Bitcoin's surge to new all-time highs, with funding rates climbing, open interest nearing $100 billion, and BTC dominance holding strong at 61%. We'll explore expectations and market positioning as the major BTC Vegas conference kicks off and examine the bullish signal of the 200-day moving average golden cross. We also discuss how large Bitcoin holders are strategically managing their positions through lending and options.

In markets, we compare Solana and Ethereum, including Standard Chartered's $500 SOL initiation and price target. We look at the impending arrival of SOL ETFs & ETPs and the potential for positive flows and arbitrage opportunities. For Ethereum, validators are signaling another gas limit boost, and we note the impressive TVL increase to $119.5 billion over the past month. Also in markets, we cover the COIN50 Index rebalances and its recent strong performance.

On the macro front, we analyze Bitcoin demand amidst elevated bond yields, particularly focusing on Japan's significant holdings of US Treasuries. We'll provide an overview of the much-discussed "big beautiful bill" and its potential economic implications. Plus, a look at Bitcoin versus gold through the lens of their unique supply and demand characteristics. Keep an eye on key economic indicators this week with the FOMC minutes due on Wednesday, Initial Jobless Claims on Thursday, and PCE data out on Friday.We also examine the trend of corporates continuing to accumulate Bitcoin, their strategies, and spotlight The Blockchain Group and Strategy. Finally, in Coinbase news, the platform has expanded its altcoin support in Germany, adding RPL, RSR, PENGU, REZ, ATH, SYRUP, PENDLE, and L3.

Topics Covered:

• Bitcoin Bonanza: All-time highs, funding rates, open interest, 61% market dominance, BTC Vegas conference expectations, 200 DMA golden cross, large holder strategies (lending/overwriting).
• OnChain: SOL vs. ETH, Standard Chartered SOL $500 target, impending SOL ETFs/ETPs, Ethereum gas limit boost, TVL increase to $119.5B.
• Market Dynamics: COIN50 Index rebalances and strong performance.
• Macroeconomic Outlook: BTC demand vs. bond yields (Japan & UST focus), overview of the "big beautiful bill," BTC vs. Gold supply/demand.
• Key Economic Indicators: FOMC Minutes (Wednesday), Initial Jobless Claims (Thursday), PCE Data (Friday).
• Corporate Crypto Adoption: Continued corporate BTC buying, strategy insights, The Blockchain Group & Strategy.

Coinbase News:

• Expansion of altcoin support in Germany (RPL, RSR, PENGU, REZ, ATH, SYRUP, PENDLE, L3)