Rough week. BTC dumped from $73K to sub-$60K lowest since Nov '24, then bounced back to ~$63.5K.
No real capitulation tho. Market's still searching.
ETF outflows, macro pressure, Warsh taking over the Fed this week. His first FOMC = the only thing that actually matters.
But quietly, RWAs up 589% since early '25. Crypto card volumes hit $747M in May, +48.6% YTD.
The story's changing. Crypto's becoming a macro liquidity play, not a frontier tech bet. Tbh that's a more mature place to be.
SpaceX up 19% on debut. Capital moves toward transformation. Question is when it rotates back.
Watch Warsh this week. Everything else is noise.