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CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has been in a state of realized net loss for 22 consecutive days, meaning that trades where the selling price is lower than the buying price continue to dominate, and holders are closing positions at a loss. The MVRV Z-Score indicator has dropped to 0.32, far below the historical average of 1.71, indicating that valuations have significantly cooled, with premiums almost completely washed away, and the market is no longer expensive.If this indicator falls below zero, it will enter a deeply undervalued and capitulation zone; if it rises above the historical average, it will signal a valuation recovery. The lowest point of realized net loss occurred on June 6, reaching $1.2 billion, and has now narrowed to about $1.1 billion, roughly half of the extreme capitulation value of $2.2 billion in 2022. Analysts point out that market pressure is evident, but valuations have reset, and the valuation discount itself is a positive signal. The trigger for improvement is when realized net profit and loss return to zero and above, and MVRV Z remains positive; the main risk is that losses deepen again to the extreme levels of 2022 and MVRV Z falls below zero.

According to SoSoValue data, during the last trading week (Eastern Time from June 1 to June 5), Ethereum spot ETFs experienced a net outflow of $173 million.The Ethereum spot ETF with the highest net outflow last week was the Blackrock ETF ETHA, with a weekly net outflow of $125 million, and the historical total net inflow for ETHA has reached $11.31 billion. The second was the Fidelity ETF FETH, with a weekly net outflow of $26.4459 million, and the historical total net inflow for FETH has reached $2.13 billion.The Ethereum spot ETF with the highest net inflow last week was the Blackrock ETF ETHB, with a weekly net inflow of $3.026 million, and the historical total net inflow for ETHB has reached $534 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $8.590 billion, with an ETF net asset ratio (market value relative to the total market value of Ethereum) of 4.44%, and the historical cumulative net inflow has reached $11.20 billion.

According to data from Coinglass, the Coinbase Bitcoin premium index has been in negative premium for 21 consecutive days, currently reported at -0.0621%, as purchasing power in the U.S. market continues to weaken.Note: The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

According to Jinshi reports, Goldman Sachs economists stated that due to a stronger-than-expected labor market, they no longer expect the Federal Reserve to cut interest rates this year. The bank has pushed back the expected timing of the last two rate cuts from December 2026 and March 2027 to June and December 2027. However, Goldman Sachs' chief U.S. economist, Jan Hatzius, pointed out that the likelihood of the Federal Reserve raising interest rates remains low as inflation "seems unlikely to become self-sustaining."In May, U.S. job growth exceeded all expectations, demonstrating the resilience of the labor market and intensifying market bets that the central bank will raise interest rates. Goldman Sachs continues to believe that the likelihood of a rate hike is low, but has slightly increased the probability of a small rate hike from 10% to 20%. The bank's baseline forecast still anticipates two rate cuts of 25 basis points next year, but the probability has been reduced from 40% to 30%. Goldman Sachs also lowered its U.S. unemployment rate forecast for this year from 4.6% to 4.4%.

According to Jinshi reports, Goldman Sachs economists stated that due to a stronger-than-expected labor market, they no longer expect the Federal Reserve to cut interest rates this year. The bank has pushed back the expected timing of the last two rate cuts from December 2026 and March 2027 to June and December 2027. Goldman Sachs' Chief U.S. Economist Jan Hatzius pointed out that although the likelihood of a rate hike is low, the probability of a small rate increase has been raised from 10% to 20%. Goldman Sachs also revised its forecast for the U.S. unemployment rate this year from 4.6% to 4.4%.

According to Jinshi reports, Nvidia CEO Jensen Huang stated that the company's new Vera central processing unit will use SK Hynix memory chips, and the two companies expect to expand their cooperation in the coming year.Jensen Huang told reporters outside a restaurant in Seoul on Sunday that he had dinner that day with SK Group Chairman Chey Tae-won, SK Hynix CEO Lee Seok-hee, and executives from SK Telecom. He said, "Our collaboration with SK Hynix this year is very large, and we are preparing for even larger-scale cooperation in the second half of this year and next year. We launched the Vera CPU, which is a revolutionary central processing unit, and it will also use SK Hynix's DRAM memory." Vera is Nvidia's first standalone data center microprocessor, which will directly compete with Intel's Xeon series, AMD's EPYC chips, and Amazon's self-developed Graviton chips.Jensen Huang arrived in South Korea on Friday to visit partners and suppliers, and plans to meet with Samsung Electronics Vice Chairman Lee Jae-Yong on Monday, as well as senior executives from Hyundai Motor Group and LG Group. He also mentioned that discussions are ongoing with telecom companies, as future telecom networks will be used for artificial intelligence applications.

According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium state for 20 consecutive days, currently reported at -0.0467%.

According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium state for 19 consecutive days, currently reported at -0.0401%. The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the United States) and the global market average price. A negative premium usually reflects greater selling pressure in the U.S. market, a decline in investor risk appetite, an increase in market risk aversion, or capital outflows.

According to the information released by the SEC, several executives of Robinhood (HOOD) conducted multiple transactions on June 3.General Counsel Daniel Martin Jr Gallagher sold 10,000 shares of the company's stock at an average price of $83.68 per share, totaling approximately $836,800, reducing his holdings to 481,396 shares.Chief Brokerage Officer Steven M. Quirk sold 10,837 shares of the company's stock at an average price of $85.91 per share, totaling approximately $931,000, reducing his holdings to 81,989 shares.Director Meyer Malka purchased 181,000 shares of the company's stock at an average price of $83.45 per share, totaling approximately $15,103,900, increasing his holdings to 7,754,656 shares.

According to Jinshi, the S&P 500 index has ended its consecutive 9-week upward trend.

According to Jin Shi reports, Glenmede's Head of Investment Strategy and Research, Jason Pride, stated that the Federal Reserve's considerations remain unchanged, and the constraints for interest rate cuts are still inflation rather than employment.Although the labor market has not accelerated, its resilience is higher than what the unadjusted data suggests, which reduces the urgency for the Federal Reserve to take action regarding employment. Investors should expect the Federal Reserve to maintain interest rates at the next meeting and pay attention to whether energy relief measures after the ceasefire begin to lower the overall inflation rate.

According to Jinshi, "Fed mouthpiece" Nick Timiraos stated that the hiring activity has accelerated again this spring, providing more basis for Federal Reserve officials who are concerned about inflation and believe that the current interest rate level is too low. He pointed out that this employment report will not completely resolve the debate over raising interest rates later this year, but it does indicate that the rationale for cutting rates in the short term has basically disappeared.

According to Jinshi, the Director of the National Economic Council of the White House, Hassett, stated that the Federal Reserve should not raise interest rates and pointed out that there will be room for rate cuts. He mentioned that the Federal Reserve has been lagging behind the situation, and there is still a lot of room for rate cuts.

According to CoinDesk, Deribit Chief Commercial Officer Jean-David Péquignot stated that $60,000 is a key structural threshold for Bitcoin. Over the past year, a large amount of institutional funds (including ETF buyers, large holders, and short-term speculators) have bought Bitcoin in the $60,000 to $67,000 range. If the price continues to decline, unrealized losses will increase, and holding costs will rise, especially against the backdrop of rising AI stocks, which may prompt panic selling among investors. The open interest of put options with a strike price of $60,000 on Deribit has a notional value of over $1.2 billion.As Bitcoin approaches $60,000, market makers face Gamma risk from shorting put options and will be forced to sell spot or futures to balance their books, accelerating the decline. In addition, there is still excessive leveraged long positions in the system, and a drop below $60,000 could trigger more liquidations, creating a chain reaction.

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 18 consecutive days, currently reported at -0.1347%, as purchasing power in the U.S. market continues to weaken.The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decrease in investor risk appetite, increased market risk aversion, or capital outflows.

According to a report by Reuters, Reform UK, led by Nigel Farage, raised £9.3 million in the first quarter of 2026, surpassing the fundraising scale of major UK political parties for the third consecutive quarter, with some of the funds coming from large donations by cryptocurrency investors.

According to the latest data from the Gate platform, the total staking amount of its ETH mining (staking) products has set a historical record for three consecutive days, reaching 196,400 ETH, with a reference annualized yield of 4.20%. Users staking ETH can obtain an equivalent amount of GTETH assets, achieving asset appreciation.This service supports instant redemption, releasing liquidity and obtaining stable returns. In addition to ETH, the platform also offers multi-currency staking options. As of the time of publication, the reference annualized yields are as follows: GUSD 3.00%, BTC 2.67%, SOL 8.50%, and USDT 4.48%.

According to CoinDesk, Jim Ferraioli, Director of Digital Asset Research at Charles Schwab, stated that the recent weakness in Bitcoin is not due to a decline in institutional demand or Michael Saylor selling Bitcoin, but rather it is losing its position as the market's dominant momentum trading asset.He pointed out that crypto investors have traditionally followed momentum, and currently, momentum has left the crypto space. Funds are flowing into hot narratives such as AI-related stocks and IPOs, with SpaceX's IPO potentially valued at $1.8 trillion, and a number of other IPOs collectively raising over $200 billion, drawing liquidity away from the crypto market. Crypto traders are also speculating on pre-IPO stocks through synthetic derivative contracts on DEXs like Hyperliquid.Ferraioli downplayed the impact of Strategy selling 32 Bitcoins, believing it merely provided a convenient narrative for a broader trend that has already occurred. He noted that while Bitcoin ETFs have expanded access channels, this asset class is still primarily dominated by retail and momentum traders. Summer has historically been a season of weakness for Bitcoin, and there is currently a lack of buying reasons as investors have other options.

Recently, Bybit launched Percentage of Volume (POV) orders on its contract platform, which helps reduce slippage and market impact by dynamically splitting large orders into sub-orders and adjusting the execution pace based on real-time market transactions and liquidity, thereby enhancing transaction stability in volatile markets.Unlike traditional execution methods that are solely based on transaction volume, Bybit introduces a POV trading model based on order book depth and offers three modes: transaction volume, counterparty liquidity, and same-side liquidity, allowing traders to optimize execution according to their strategy needs. This feature is now available to eligible contract users.

According to monitoring by Lookonchain, a certain trader achieved 23 consecutive wins in BTC trading over the past 3 days, accumulating a profit of 1.23 million dollars. Subsequently, they opened a new short position of 1,040 BTC (70 million dollars) with 20x leverage, currently facing an unrealized loss of 874,000 dollars, with a liquidation price of 70,084.9 dollars.