Jul 7, 2025
By Proper Asset Management
June was one of those months where everything spun out — again. The Middle East, geopolitical flare-ups, headline-level clashes between power figures, the Fed, Treasuries, Musk’s latest provocations — it all came at once. In any other cycle, this could’ve triggered a full-blown capitulation. But not this time.
The market held.
More importantly, we held our structure — and closed June in the green.
Not from luck, but from rhythm. We didn’t overtrade. We didn’t panic.
Bitcoin: Structure Held, Institutions Unshaken
BTC dropped to $98,120 at the height of the Middle East panic — but bounced back fast, reclaiming $107,000 by month’s end.
ETF inflows into BTC didn’t stop for a single day, proof that institutional money was unfazed. Technically, the 105–108k zone is no longer resistance — it’s becoming a base. BTC looks primed for breakout.
Ethereum: Quiet Strength, Strategic Clarity
ETH brought welcome optimism. The SEC’s May 29 signal made it clear: staking within ETFs isn’t fantasy — it’s coming. Since then:
The validator queue tripled
Total staked ETH hit new highs
ETF flows remained steady
Even more telling:
The Ethereum Foundation is playing by new rules — no surprise selloffs, a clear treasury policy, and visible alignment with DeFi-native protocols.
And Vitalik? His tone has shifted. Some say it’s not unrelated to the quiet White House meeting, which was reported with maximum neutrality. Maybe it wasn’t just optics.
Solana: Calm Before the Rotation
SOL is holding the $140–169 range. Liquidity hasn’t left. It’s not rally season yet — but if altcoin rotation kicks in, Solana will likely lead. We’re watching it closely, staying positioned without overexposure.
Macro: Yields Flat, Equities Strong, Crypto Coiled
Yields have stabilized.
The S&P is holding above 6,250.
Nasdaq and Nvidia printed fresh all-time highs.
No direct line to crypto? Maybe. But the pattern is clear:
AI leads
Liquidity flows freer
BTC doesn’t break unless it has to
With at least one rate cut now priced in, and if the next CPI print is soft, don’t be surprised if crypto — not equities — makes the first real move.
Our Actions: Discipline Over Drama
We didn’t predict headlines.
We didn’t chase hype.
We:
Added BTC under $105k
Held ETH and SOL
Ignored meme coins and distractions
The result? Positive, not perfect — but structurally sound.
Many overtraded and took losses.
This market rewarded risk respect, not entry guesswork.
Looking Ahead: Rotation Is Brewing
We’re not calling for a parabolic move — but we believe the bottom is forming. Altcoins remain quiet, but it takes just one catalyst for aggressive rotation.
We’re positioned for that.
Outside of SOL, we’re still cautious on the broader altcoin space.
Politics: Innovation vs. Authority
June ended with a public standoff: Trump vs. Musk.
Trump accused Musk of manipulating narratives and markets. Musk fired back: calling Trump “a brake on innovation.”
Markets reacted instantly — Twitter, Tesla, and crypto dipped.
But zoom out: this was a disruption, not a breakdown.
Then came the escalation:
Musk launched the America Party. A serious move.
Trump’s delayed but calculated response signaled one thing: We’re entering new territory — where tech titans and political leaders face off directly. The implications for markets and policy will be profound.
The question underneath all of this is how essential Elon Musk still is to SpaceX. If it were clear that he no longer mattered, regulators might have acted already, yeah possibly after the Tesla stock manipulation episodes. But they haven’t. Because Tesla isn’t what matters to national security. SpaceX does. And when a company becomes integral to a country’s defense and satellite infrastructure, the founder’s political weight changes too.
We’ll soon see what happens next. Whether Musk succeeds in mimicking Trump’s own ascent, riding a hard-libertarian message into a power vacuum created by political overreach, remains to be seen.