According to @rovercrc, despite a constructive macroeconomic backdrop, the broader crypto market is showing early signs of fatigue and profit-taking. Major cryptocurrencies including Dogecoin (DOGE), Tron (TRX), XRP (XRP), BNB (BNB), Solana (SOL), and Cardano (ADA) have posted losses as they approach local resistance levels. Even Ether (ETH), which recently outperformed, is cooling off. However, analysts remain optimistic about the macro environment. Augustine Fan of SignalPlus points to successful crypto company IPOs as a positive sentiment driver, while Jeffrey Ding of HashKey Group notes that progress on U.S.-China trade and softer inflation data create a favorable outlook for risk assets. Separately, NYDIG Research highlights that Bitcoin's declining volatility, both realized and implied, has created a unique trading opportunity. They suggest that this low-volatility environment makes options contracts (calls for upside exposure and puts for downside protection) 'relatively inexpensive,' offering a cost-effective way for traders to position for potential market-moving catalysts in July.

According to André Dragosch, the global money supply has increased by an amount three times larger than the entire Bitcoin market cap, totaling an additional $4.5 trillion by 2025. This significant influx of capital into the global economy suggests a bullish outlook for Bitcoin, as increased liquidity may drive more investment into crypto markets. Traders should consider the potential upward pressure on Bitcoin prices due to this macroeconomic factor.