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0/ $BTC finished it's 5th consecutive positive month in June which is the longest streak since July-November 2013. It had the best 3 month period since 4Q17 and the 4th best all time. 
1/ The difference between the theoretical $BTC cost basis and current value is now at a 100%+ premium back to levels not seen since Jan '18. At the start of the last rally these are levels first seen in December of '16.
2/ Given the reflexivity of the asset class this positive wealth effect has historically built on top of itself in prior cycles.
3/ What's interesting about this rally vs. 4Q17 is the lack of $BTC Google Trend interest. This is suggestive of either 1) Institutional Adoption or 2) More general retail awareness (and likely some combination in-between).
4/ What's also notable about this rally is the increase in $BTC dominance as a % of overall market cap. It's now approaching levels not seen since 1Q17 and the beginning of the ICO bubble (which is clearly a much healthier / institutionally sponsored rally).
5/ If we look at $ETH the ETH/BTC chart is approaching long-term support / lows not seen since 1Q17. No surprise given the historical correlation between ETH price and ICO funding. Now with ICO's non-existent and exchanges entering the mix for IEO's what is the ETH narrative?
6/ This too seems suggestive of institutional participation. The $ETH Web 3.0 narrative has died for now and you can't pitch "DeFi" or "Open Finance" to institutional investors who know too well how regulated the financial service industry is.
7/ As the market continues to trade higher we will see retail FOMO in and $ETH will likely get a catch up bid as it's still down 80% from its ATH vs. $BTC at 40%.
8/ That said you no longer have the "Coinbase Effect" of '17 where they were really the only two games in town (outside $LTC which was never real). Coupled with the ETH 2.0 competitors (Algorand, Dfinity, Cosmos, EOS, Kadena, etc..) everyone will be competing for mindshare
