News linked to both this project and an event.
Analyst Aylo stated that Bitcoin’s current price rebound is not driven by the recent buying news but rather a technical correction following severe overselling. The current price level has cleared the February lows, creating conditions for a rebound, and this purchase has alleviated market concerns about “Saylor turning into a seller.” Aylo also cautioned that if U.S. equities experience greater volatility, there remains a possibility—particularly in June—of forming a slightly lower new low before rebounding, and predicted that the year’s final bottom will emerge later this year. Additionally, Aylo believes external concerns over Strategy’s large-scale BTC sell-offs are an overinterpretation: while the company may sell a small amount of BTC to repay debt, the likelihood of a substantial sell-off is extremely low.
: According to on-chain analyst Yujin's monitoring, last week, Bitcoin treasury company Strategy (MSTR) purchased 1,550 BTC ($101 million) at a price of approximately $65,332. They currently hold a total of 845,256 BTC ($53.251 billion), with an average cost price of $75,680, resulting in an unrealized loss of $10.718 billion (-16.7%).Ethereum treasury company Bitmine (BMNR) purchased 126,971 ETH ($227 million) last week at a price of approximately $1,788. They currently hold a total of 5,543,872 ETH ($9.286 billion), with an average cost price of $3,446, resulting in an unrealized loss of $9.818 billion (-51.4%).
According to Odaily, a key on-chain indicator for Bitcoin, the Market Value to Realized Value Z-Score (MVRV Z-Score), is approaching the typical threshold seen at historical bear market bottoms. This metric measures the deviation of Bitcoin's market price from its realized value (the average cost of each coin since its last on-chain transaction), helping investors determine whether the asset is overvalued or undervalued.Data shows that the current MVRV Z-Score stands at 0.24, approaching the upper boundary of the green zone historically considered the "accumulation range" (around 0 and below). Historically, the bottom of every major bear market has occurred when this indicator touched or briefly dipped into the green zone: during the first major crash in 2011-2012, in 2014, at the end of 2018, and in the second half of 2022, each time paving the way for a subsequent bull run.However, the absolute bottom has not yet been confirmed. On-chain data shows that the Short-Term Holder MVRV (STH-MVRV) is 0.84, while the Long-Term Holder MVRV (LTH-MVRV) remains as high as 1.29, indicating that long-term holders still possess substantial unrealized profits. Historically, when the MVRV of short-term and long-term holders converge, a cyclical bottom tends to form (as was the case in 2015, 2019, and 2022).Although it is difficult to precisely predict the market bottom, after the hundreds of billions of dollars in sell-offs last week, conditions that have historically signaled a rebound are gradually emerging. This suggests that the Bitcoin bear market may be approaching its end, and investors can monitor on-chain MVRV indicators and changes in holder behavior to identify potential buying opportunities. (CoinDesk)
Bitfinex Alpha's latest report indicates that Bitcoin has entered a deeper correction phase, dropping to a low of $59,200 on June 5, a cumulative 53% decline from its all-time high in October 2025. This decline is primarily driven by record outflows from spot ETFs, derivative deleveraging, and sustained pressure from a high-interest-rate macroeconomic environment. The yield on the 10-year US Treasury note currently remains above 4.45%, further dampening market expectations for a Fed rate cut.On-chain and fund flow data suggest the current market is closer to a "distribution phase" than "panic selling." The spot Cumulative Volume Delta (CVD) has turned significantly negative after strong accumulation from April to May, indicating that recent buyers are steadily exiting. Meanwhile, the cost basis for short-term holders has fallen below the True Market Mean of $77,800, meaning a large number of new investors are in unrealized loss positions, creating significant selling pressure for any potential rebound. As the price approaches the overall realized cost basis of around $53,900, the characteristic of reducing positions on bounces is becoming more pronounced.At the macro level, the US economy continues to grow, but inflation is eroding real household income. The job market remains robust, with job openings hitting a nearly two-year high and continued job creation exceeding replacement levels. Sectors such as healthcare, manufacturing, construction, and leisure and hospitality are all expanding. However, inflation is expected to continue outpacing wage growth, leading to a decline in real purchasing power and presenting the Fed with a more complex balance between maintaining employment and controlling inflation.The key driver of current market trends has shifted to real yields. Driven by rising energy prices and geopolitical risks, inflation expectations are heating up, pushing both nominal and real yields on US Treasuries higher. Higher real yields increase the opportunity cost of holding non-yielding assets, prompting investors to reassess their allocation to risk assets. Bitcoin has been the first to feel the impact, with US spot ETFs experiencing their largest outflows since launch. The market has also shifted from betting on rate cuts to pricing in the risk of "higher for longer" interest rates. Bitfinex Alpha believes that, in the current phase, the trajectory of real yields has become the most important variable influencing performance in both traditional financial and digital asset markets.Despite short-term pressure, the institutionalization process continues. The report notes that Securitize's approval to list on the New York Stock Exchange signals that tokenization infrastructure is further integrating into the traditional financial system. Concurrently, the US GENIUS Act is advancing a regulatory framework for stablecoins, bringing issuers under compliance requirements similar to those for traditional financial institutions. The institutio
Bitcoin's recent rebound lacks solid support. Unlike early February when the price dropped to $60,000 and ETF outflows were only $318 million, the total weekly trading volume then was as high as $46.15 billion, indicating panic selling and fierce competition between bears and bulls. Last week, however, the situation was different: ETF outflows accelerated while trading volume remained low, suggesting the market is experiencing sustained capital outflows rather than the typical panic liquidation seen at a local bottom.Therefore, the sustainability of Bitcoin's rebound remains questionable. To push the price back onto a clear upward trajectory, a significant increase in ETF demand may be necessary. However, based on current conditions, this seems unlikely, as two major IPOs from SpaceX and Anthropic are about to commence, potentially continuing to drain liquidity from the broader market, including the crypto asset market. In the short term, Bitcoin still faces structural pressure, and the rebound may be weak. ETF demand and the dynamics of these large-scale IPOs will be key indicators to watch. (CoinDesk)
According to BIT’s official Chinese-language account (@BITofficial_CN) market recap, the crypto market as a whole faced pressure last week. BTC declined from approximately $73,400 on June 1 to around $63,100 on Monday this week, with an intraday low of $61,400; ETH also fell in tandem to roughly $1,680. On the funding front, BTC spot ETFs recorded net outflows for 13 consecutive trading days, totaling approximately $4.4 billion in outflows. Compounded by whale selling and concerns over Mt. Gox wallet transfers, short-term selling pressure continued to intensify. As BTC approaches the critical support level of $60,000, the market posted an initial rebound within the past 24 hours. Going forward, key factors to monitor include whether ETF inflows resume, whether the $60,000 support level holds, and how this week’s CPI data impacts risk sentiment.
BIT's weekly market review indicates the crypto market continued its weakness last week. BTC fell from approximately $73,400 on June 1st to around $63,100 on Monday morning this week, dipping to about $61,400 during trading on June 4th. ETH faced similar pressure, dropping to around $1,680.BIT stated that the core factor behind this adjustment remains financial pressure. The BTC spot ETF experienced net outflows for 13 consecutive trading days, totaling approximately $4.4 billion. Meanwhile, whale sell-offs and expectations surrounding the transfer of Mt.Gox-related wallets further exacerbated market selling pressure.The report points out that as BTC approached the key support level of $60,000, the market has seen a preliminary rebound in the past 24 hours. Going forward, key areas to monitor include whether ETF capital continues to flow back, whether the $60,000 support level can hold, and the impact of this week's U.S. CPI data on market risk appetite.
according to Onchain Lens monitoring, an address associated with BlackRock transferred 3,300 BTC and 15,095 ETH to Coinbase, with a total value of approximately $234.4 million.Among them, the 3,300 BTC are valued at approximately $209.22 million, and the 15,095 ETH are valued at approximately $25.17 million. Onchain Lens stated that BlackRock may continue to transfer more assets to Coinbase in the future.
CryptoQuant analyst Crypto Dan noted that Bitcoin’s MVRV is currently at 1.1, approaching the historically significant low-valuation zone that has marked major market bottoms. If the price falls further to the $50,000 level, the MVRV could reach 1.0—the full low-valuation threshold. Historical data shows this level appeared at the bottom of bear markets in 2015, 2019, and 2022, each time serving as the starting point for strong medium- to long-term rebounds.
BIT tweeted that Strategy’s buying momentum may weaken. However, despite the market’s current widespread focus on Strategy in the crypto space, two principles remain paramount: “trade with the trend” and “follow the money.” When liquidity reverses, it typically signals a shift in the market environment—making premature bottom-fishing highly risky.
Monera Digital has released a recent trading review. The team adopted a phased position-building strategy, entering the market on three separate occasions: May 18, May 22, and May 25. The average entry price was $77,203, and as of press time, the current price is approximately $63,000, resulting in a strategy return of over 20%. The position remains short.This trade was supported by Monera Digital’s AI quantitative agent, which assisted in determining entry timing and position management. Combined with traders' assessment of the broader market conditions, the strategy achieved dual control over signal capture and risk management execution.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale purchased 1,656 $BTC at an average price of $59,734 near a local low, for a total value of approximately $98.93 million, and transferred the related assets to Binance three hours ago.
According to on-chain analyst Onchain Lens (@OnchainLens), James Wynn closed his long positions in ETH and BTC for a profit, then opened a short position in BTC—only for that short position to be liquidated, wiping out all profits he had earned over the past six days.
According to Hyperbot data, as the ZEC price rebounded, the three-times leveraged ZEC short positions previously opened by Garrett Jin, the representative of the "1011 Insider Whale", have all been closed. He currently holds a five-times leveraged Bitcoin long position with a size of 1,268.33487 BTC and a liquidation price of $40,951. The current overall floating loss on the position is $17.925 million, with a return on investment of -114.01%.
on-chain analyst PlanB posted on Platform X, stating that despite not wanting to downplay Ethereum, based on the ETH/BTC trend, Ethereum has underperformed Bitcoin over the past decade. The current ETH/BTC ratio remains around 0.026, a level similar to March 2016. Ethereum did not experience a significant surge during the 2023/2024 crypto bull market, a pattern also seen in 2017 and 2021. Even now, Ethereum still lacks upward momentum relative to Bitcoin.
Odaily Odaily News According to on-chain analyst EmberCN, BNBChain Life, which has surged 20x in two months, may be controlled by Garrett Jin – the whale entity that converted tens of thousands of BTC into over 900,000 ETH last year and suffered a $230 million loss from a long position liquidation on Hyperliquid this February.1. From February to recent days, an address cluster has accumulated 284 million BNBChain Life tokens ($237 million) through Binance withdrawals and on-chain purchases. This represents 28.4% of the total BNBChain Life supply.Including holdings on CEX, they likely control a significant proportion of BNBChain Life. The token has also surged 20x during these months ($0.04 → $0.85).2. Intersection with the Garrett Jin whale entity: Shared deposit addresses.- Multiple addresses that withdrew large amounts of BNBChain Life from Binance shared a Binance deposit address with the Garrett Jin whale entity six months ago. Addresses that have been heavily buying BNBChain Life on-chain in the past five days shared a Bybit deposit address with the Garrett Jin whale entity.Therefore, BNBChain Life is highly likely being manipulated by the Garrett Jin whale entity.◎The Garrett Jin whale entity is the prominent entity that held 100,000 BTC last year, managed by Garrett Jin.◎Last year, via Hyperliquid, it swapped tens of thousands of BTC for over 900,000 ETH at prices above $3,500.◎This February, the entity opened a long position of over 200,000 ETH on Hyperliquid, ultimately resulting in a $230 million liquidation loss.◎In May, when ETH was around $2,350, they transferred 577,000 ETH ($1.351 billion) into Binance, after which ETH continued to decline.
According to data disclosed by crypto analyst Scott Melker, Bitcoin short-term holders have recorded the largest loss-taking sell-off in history, while approximately 5.3 million BTC held by long-term holders are in a state of unrealized loss, with market sentiment turning extremely pessimistic.Additionally, Bitcoin's daily Relative Strength Index (RSI) has dropped to around 15.5, its lowest level since the pandemic-induced bear market in March 2020, indicating the market is deeply oversold. Having already fallen below $60,000, the likelihood of Bitcoin testing $50,000 is increasing. However, if it can sustain the key support level at $60,000 in the near term, a rebound toward the 20-day EMA around $70,600 could be possible in the coming weeks.
Odaily News, Glassnode co-founder Rafael posted on platform X to analyze the recent trend of Bitcoin prices. He pointed out that Bitcoin is currently trading in the $62,000 range, down nearly 50% from its all-time high, with a 24% decline in the past month. The price has now broken through the upper range of his pricing framework and entered a valuation cluster zone where bottoms have historically formed.Rafael further indicated that the market bottom cannot be confirmed in advance and can only be identified through probabilistic ranges and key price levels. Bitcoin has fallen below the breakeven line for median holders for the first time since December 2022, and is currently within a broader support zone: the median realized price is approximately $64,100, and the 200-week moving average is around $61,700. At this stage, the high-probability bottom range could be between $46,000-$54,000, while the $35,000-$40,000 area below that represents a rare "sell-off tail." Notably, the magnitude of cycle corrections is gradually diminishing: previous cycles saw drops of roughly 85%, 84%, and 77% from the peak, while this cycle has only declined about 50%. This suggests the high-probability bottom is more likely within the upper range, though extreme sell-offs cannot be ruled out.
据 Arkham 监测，德国政府此前已累计出售 49,858 枚比特币，平均卖出价格约为 57,900 美元。若比特币较当前水平再下跌约 6%，价格将跌至德国政府的平均卖出价附近，这意味着比特币已逐渐接近主权机构大规模抛售时的成本区间，因此在本周市场面临较大清算压力的背景下，57,900 美元附近值得重点关注；由于政府机构卖出通常具有非自主性、对价格不敏感等特点，该价位或成为市场评估供需关系和后续走势的重要参考区间。
on-chain analyst Ai Yi posted on platform X, stating that the long positions of the trader who "set 10 major goals first" have an unrealized profit of $5.881 million. As shown in a screenshot shared yesterday, the trader has opened long positions for 2,835.32 BTC, valued at $170 million, with an entry price of $60,153.8. BTC has now broken through $62,000.