News linked to this event type.
according to on-chain analyst Ai Yi’s monitoring, the former top address (0xe5f...ceaf) of sato fully liquidated on June 1, with a cumulative loss of $368,000 from two positions. Specifically, on May 14, the address sold 374,000 sato at $0.8393, incurring a loss of $215,000 (a 40% loss); on June 1, after actively burning 44,500 tokens, it sold the remaining 444,000 tokens, incurring a loss of $153,000 (a 33% loss).
According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock deposited 3,966 BTC into Coinbase, valued at approximately $244.4 million.
Odaily reports, according to Onchain Lens monitoring, an address associated with BlackRock transferred 3,966 BTC to Coinbase, valued at approximately $244.4 million.On-chain data shows this marks another substantial BTC transfer by BlackRock to Coinbase in recent times. Previously, BlackRock had transferred 3,300 BTC and 15,095 ETH to Coinbase, with a total value exceeding $234 million.
Despite Bitcoin bouncing after falling below $60,000, several market analysts believe this is more likely a technical correction following an oversold condition rather than the start of a new bull market.Analysts at HEX Trust stated that the market has entered an oversold territory. If US inflation data cools and the outflow from spot Bitcoin ETFs slows down, Bitcoin could see further upside. However, a true trend reversal depends on the market’s ability to firmly reclaim the $79,000 to $80,000 range. Until then, any upward movement should be viewed as a corrective rally within a bear market.Alex Kuptsikevich, Chief Analyst at FxPro, is relatively more optimistic. He believes that if Bitcoin can rebound to around $68,000, it could be considered a valid recovery from the downtrend observed between May 11 and June 5.Data shows that the net cumulative outflow from the 11 US spot Bitcoin ETFs over the past four weeks has exceeded $5 billion. On Monday alone, another $91 million flowed out. Analysts point out that ETF fund flows remain one of the key factors determining Bitcoin’s future trajectory.Additionally, the market is closely watching US inflation data scheduled for release on Wednesday. If the inflation figure comes in lower than expected, it could help ease market concerns about further interest rate hikes by the Federal Reserve, thereby providing support for risk assets like Bitcoin. The market currently expects the US inflation rate for May to remain above 4%, significantly higher than the Fed's long-term target of 2%. (CoinDesk)
according to Lookonchain monitoring, whale "0x97f8" opened a highly leveraged short position against the S&P 500 index (SP500) about 5 hours ago, with a nominal position size of approximately $111.6 million under 50x leverage.Analysts suggest that the market is currently closely watching US economic data, the Federal Reserve's interest rate path, and risk asset trends. Against this backdrop, such a large-scale, high-leverage short-selling operation has attracted market attention, reflecting that some capital holds a cautious or even bearish stance on the market outlook.
market maker Wintermute released a weekly market analysis report stating that Bitcoin fell below $62,000 last week, with a weekly decline of approximately 14%, hitting a new low since September 2024. Wintermute believes that although Strategy founder Michael Saylor disclosed the sale of 32 BTC, drawing market attention, the scale of this transaction is negligible. The real reason for the market's weakness is the continuous reduction of positions by U.S. institutional investors and the outflow of funds from spot Bitcoin ETFs.Wintermute pointed out that the U.S. added 172,000 non-farm jobs in May, far exceeding the market expectation of approximately 80,000. Meanwhile, job openings rose to a near two-year high, and the service price index hit a new high since August 2022. Strong economic data has weakened market expectations for a Fed rate cut, pushing the 10-year Treasury yield to 4.55%, creating a "good news is bad news" macro environment that pressures risk assets.Meanwhile, the rally in AI concept stocks has shown signs of weakening, with the Nasdaq index falling 4.7% for the week and the S&P 500 recording its first weekly decline since March. Wintermute believes that the pullback in the AI sector, rising yields, and the upcoming SpaceX IPO have collectively dampened market risk appetite.In the crypto market, U.S. spot Bitcoin ETFs have experienced net outflows for 10 consecutive trading days as of May 30, with total outflows of approximately $2.97 billion. The net outflow in May reached $2.43 billion, marking the worst monthly performance since 2026. Wintermute OTC data shows that retail funds continue to flow into U.S. stocks, while U.S. institutional investors have recently turned bearish and are leading the selling.However, Wintermute believes there are also positive signals in the market, including long-term capital gradually building positions at current price levels. From a perspective of more than one year, Bitcoin's risk-reward ratio is becoming more attractive. The report stated that the SpaceX IPO on June 12 will serve as an important barometer for observing market risk appetite. If the issuance is smoothly absorbed, it could help boost market sentiment; conversely, it may exacerbate the pressure on risk assets.
Bitcoin briefly fell below $60,000 last week, recording its worst single-week performance since the collapse of the FTX exchange in 2022. In the seven days through Sunday, Bitcoin accumulated a decline of 16%, retreating over 50% from its all-time high of over $126,000 in 2025.Multiple market analysts have warned that the current rebound may be difficult to sustain, and Bitcoin may not have reached the bottom of this cycle yet. Griffin Ardern, co-founder of Primal Fund, stated that the market is still "a considerable distance" from a "true bottom."Data shows that U.S. spot Bitcoin ETFs have recorded net outflows for 13 consecutive trading days, with total outflows reaching approximately $5.5 billion. Meanwhile, Bitcoin last week fell below the 200-week moving average, widely regarded as a key support level, further weakening market confidence. Paul Howard, a senior executive at crypto trading firm Wincent, described the current market conditions as a "silent bear market," arguing that breaking below the 200-week moving average is a significant confirmation signal that the market has entered a bear phase.Analysts point out that the ongoing U.S.-Iran conflict, the reversal of expectations for Federal Reserve interest rate cuts, and strong U.S. employment data are driving the market to reassess the rate path. A high-interest-rate environment is unfavorable for the performance of risk assets, including crypto assets. Additionally, some capital is flowing out of the crypto market into artificial intelligence and technology stock sectors.Despite this, the magnitude of the current correction is still smaller than historical bear market cycles. In past bear markets, Bitcoin typically retraced about 80% from its peak, whereas this cycle's decline is approximately 50%. Some traders believe that if the macroeconomic environment continues to deteriorate and companies holding large amounts of Bitcoin face financing pressures, the market still faces further downside risks in the future. (Bloomberg)
Bitget has launched a new edition of CandyBomb with a total prize pool of 31,500 WLD. This event is exclusively for new futures contract users. By completing specified net deposit and futures trading tasks, individual users can earn up to 315 WLD.Detailed rules have been published on the official Bitget platform. Eligible users must complete registration before participating in the event. The event ends on June 19, 2024 at 18:00 (UTC+8).
Humanity released an incident update stating that its H token was subject to a coordinated attack on Ethereum and BSC on the evening of June 8, resulting in approximately $36 million worth of tokens stolen and dumped across both chains. The project disclosed that the attack originated from a compromised employee laptop, which led to the leakage of multiple owner keys for the Gnosis Safe controlling the Hyperlane bridge ProxyAdmin. On Ethereum, the attacker seized ownership of the ProxyAdmin and upgraded the contract to a malicious implementation, transferring approximately 141.2 million H tokens in a single transaction. On BSC, after similarly gaining control of the ProxyAdmin, the attacker deployed a malicious implementation with infinite minting capabilities, minting 200 million H tokens in two transactions and continuously dumping them. Humanity has suspended deposits and withdrawals on the affected cross-chain bridge and is cooperating with exchanges and law enforcement to investigate the incident and seek partial recovery of the stolen funds.
Humility Protocol released a security incident update on the X platform, stating that its H token suffered a coordinated attack on the Ethereum and BSC chains yesterday, with confirmed losses exceeding $36 million in stolen and dumped assets.Preliminary investigations indicate the incident originated from a compromised employee computer, which led to the leakage of private keys for the multi-signature wallet controlling the Hyperlane Bridge ProxyAdmin. Specifically, the attacker obtained 3 out of 6 private keys of the Gnosis Safe wallet on the Ethereum chain, transferred ownership of the ProxyAdmin to a wallet under their control, upgraded the bridge contract to a malicious implementation, and subsequently transferred approximately 141.2 million H tokens in a single transaction.Simultaneously, the attacker also gained control of 3 out of 5 private keys of the Safe wallet on the BSC chain, took over the ProxyAdmin using the same method, deployed a malicious contract with unlimited minting functionality, and minted 200 million H tokens in two separate transactions to their own wallet.Humility stated that it has suspended all deposit and withdrawal operations on the affected bridge services and is collaborating with partners such as exchanges to mitigate losses. Meanwhile, it is cooperating with the police investigation and attempting to recover part of the stolen funds.
According to monitoring by on-chain analyst Ember, the "private key leak" has allowed the minting and dumping of H to continue for 13 hours. The so-called "hacker" is still able to mint H on the BSC chain and sell it off, draining every last cent from the pools. The "hacker" has minted 300 million H and sold a total of approximately 450 million H, cashing out $34 million (ETH+BNB). The H pool on BSC has been drained to just $13 in liquidity, and the price of H has plummeted 99.9% to $0.0009. Meanwhile, the perpetual contract price on CEX stands at $0.09, a 100x difference. In essence, they have de-pegged into two unrelated tokens.
Odaily Odaily News CryptoQuant analyst MorenoDV pointed out in an analysis that Bitcoin demand has entered one of the most extreme contraction states since 2019. The 30-day combined demand growth for spot and perpetual futures has fallen to approximately -650,000 BTC, a threshold that has only appeared three times in history.The simultaneous contraction of spot and futures demand indicates that the weakness is not limited to leveraged speculation; institutional buying and derivative exposure are also retreating synchronously. Bitcoin faces fewer marginal buyers and weaker capacity to absorb selling pressure. Historically, the deep support zone of -650,000 BTC usually marks the beginning of a highly volatile market phase, rather than an immediate bottom.
CryptoQuant stated that Bitcoin demand has reached a level seen only three times since 2019. Analyst @MorenoDV_ noted that the current market movement resembles the beginning of a final liquidation phase rather than confirmation of a trend reversal.
According to an independent analyst report by Markus Thielen on June 9, just days remain before SpaceX’s IPO, and market expectations continue to intensify. There is currently little indication that SpaceX will raise its expected offering price of $135, suggesting the targeted fundraising amount of $7.5 billion has already been substantially subscribed. Meanwhile, pre-IPO synthetic perpetual contracts tied to SpaceX are trading at $157 on Hyperliquid and $169 on Binance—both significantly above the expected offering price—with implied valuations on both platforms approaching $2 trillion. Although prices have retreated from earlier highs near $200, prediction markets still assign a 68% probability that SpaceX’s valuation will exceed $2 trillion by year-end, reflecting traders’ broad expectation of a strong IPO performance.
BIT Group posted on X platform, stating that with only days remaining until the SpaceX IPO, market expectations are heating up, with a general consensus that the stock is likely to perform well post-listing. Unlike many recent IPOs, there are currently few signs that SpaceX will raise its offering price, indicating that the target fundraising amount of $75 billion has already received fairly sufficient subscription coverage.Meanwhile, SpaceX-related pre-IPO synthetic perpetual contracts are trading at around $157 on Hyperliquid (calculated based on the old 11.9 billion share count) and quoting $169 on Binance, both significantly higher than the expected IPO price of $135. Although prices have fallen from around $200 a few days ago and undergone a repricing, the current implied valuations on both platforms still approach nearly $2 trillion, indicating that traders still anticipate a strong market debut for SpaceX. Prediction markets are also leaning towards optimism, with the current probability of SpaceX's valuation exceeding $2 trillion by the end of the year standing at 68%.
According to Hyperinsight’s monitoring, SK Hynix has risen 20.6% from its intraday low since Monday’s market open and continues its upward momentum today. Amid this sustained rally, a major shorting whale on the platform placed a $14.45 million TWAP buy order in the afternoon, aiming first to fully close its SKHYNIX short positions at stop-loss levels and then reverse to go long.
Odaily News, CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's price has retraced approximately 20% over the past month, with two key on-chain indicators showing sustained market sentiment pressure. Among them, Bitcoin's MVRV Z-score has dropped from 0.95 a month ago to 0.32, far below the historical average of 1.71, indicating that the previous valuation premium has largely been digested and the market has entered a range more conducive to long-term accumulation.Meanwhile, Bitcoin's 7-day simple moving average of Net Realized Profit/Loss has been in negative territory for 22 consecutive days, meaning the market has been completing transactions at a loss since May 18. The indicator hit a low of approximately -$1.2 billion on June 6 and has since slightly recovered to around -$1.1 billion. Although market pressure is evident, it remains below the extreme levels of approximately -$2.2 billion seen during the 2022 bear market capitulation phase.Axel Adler Jr. pointed out that currently, a large number of holders are selling Bitcoin below their cost basis, reflecting significant market fear and capitulation sentiment. However, the MVRV Z-score remains above 0, suggesting that the market has not yet entered a deeply undervalued zone, nor has it presented a historically significant value trough.He believes that combining these two indicators, while market sentiment is relatively weak, valuations have clearly cooled down. Going forward, key focus points will be whether the Net Realized Profit/Loss can return above the zero line and whether the MVRV Z-score can maintain a positive value. If the MVRV Z-score falls below 0, or realized losses move closer to the extreme levels of 2022 once again, it could signal the onset of a deeper phase of market capitulation.
: According to monitoring by Onchain Lens, the whale at address "0x97f" has closed its previously held long position in HYPE, incurring a loss of approximately $3.22 million. Subsequently, the address sold 165,391 HYPE on the spot market, profiting around $1.978 million.After adjusting its HYPE position, the whale further bet on a market downturn, opening 15,000 short positions on SP500 with 50x leverage, a notional value of approximately $111.38 million, and a liquidation price of $8,295.66. Currently, the market is closely watching the movements of this large, high-leverage short position.
According to Hyperinsight’s monitoring, the Korea Composite Stock Price Index (KOSPI) surged again during trading hours and triggered a circuit breaker. Samsung Electronics and SK Hynix continued their upward momentum, rising 7.5% and 12.9%, respectively. Notably, SK Hynix led the gains, buoyed by positive news of its collaboration with NVIDIA to jointly develop next-generation memory; its share price rebounded above USD 1,400.
It notes that, in addition to the 100 million H tokens minted one hour ago, over 200 million H tokens sold in the preceding hours were aggregated and sold from nearly 300 wallets—whose tokens were unlocked two weeks ago or received 11 months ago—and all of these wallets withdrew gas from Gate and Bybit three weeks ago.