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According to Coinglass data, Binance had a net outflow of 401 million USDT in the past 24 hours.

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, if ETH falls below $1,552, the cumulative long liquidation intensity on mainstream CEX will reach $760 million. Conversely, if ETH breaks above $1,714, the cumulative short liquidation intensity on mainstream CEX will reach $206 million.

According to Coinglass data, if BTC falls below $59,408, the cumulative long liquidation intensity on mainstream CEX will reach $1.514 billion. Conversely, if BTC breaks above $65,371, the cumulative short liquidation intensity on mainstream CEX will reach $596 million.

According to a report by Jinshi citing Iranian media Fars News, each tanker passing through the Strait of Hormuz will be charged between $150,000 and $2 million, and some of the fees for the vessels may not be paid in cash, but rather in goods or through barter.

According to Coinglass data, on June 7th at 18:00, 34.7409 million USDT was monitored being transferred from Binance to an unknown wallet.

According to on-chain analyst Yu Jin's monitoring, 15 minutes ago, an on-chain whale borrowed 30 million USDS from Spark through a circular loan collateral and then purchased 18,212 ETH at an average price of 1,647 USD.

According to GMGN data, Binance Life's market capitalization has exceeded 860 million USD, currently reported at 860 million USD, with a daily increase of over 26%, continuing to set a new historical high.

Imran Khan, co-founder of Alliance, stated on the X platform that he remains optimistic about the development prospects of the cryptocurrency industry, noting that the market has previously overestimated the speed at which cryptocurrency would become the next mainstream computing paradigm. Many had originally expected cryptocurrency to lead the next platform revolution, but ultimately, it has largely been artificial intelligence (AI) that has taken on this role.Khan pointed out that over the past decade, a significant amount of capital has flowed into the cryptocurrency industry, but a considerable portion of that funding has been used for overbuilding. The industry has not focused on a few applications with clear advantages but has attempted to reshape multiple fields such as finance, social networking, and governance simultaneously. The adjustments and consolidations currently experienced in the market are essentially a natural return after previous overexpansion and do not mean that the core logic of the cryptocurrency industry has failed.He believes that the greatest path to success for the cryptocurrency industry may not be to first create a killer application, but rather to become the global financial infrastructure. As stablecoins, cryptocurrency wallets, tokenized stocks, and on-chain financial services reach more users through digital banking and ultimately serve AI agents, the cryptocurrency network will become the default value settlement layer of the internet. Once these infrastructures are widely adopted, innovations such as DAOs, decentralized markets, and machine-to-machine payments, which were previously difficult to implement due to timing, may finally see true large-scale application opportunities.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: KT Rolster vs Dplus KIA - LCK to MSI," the "Over" option in the sub-market "O/U 3.5 games" has experienced a drastic fluctuation in winning probability, plummeting from 76.5% an hour ago to the current 44.5% (a fluctuation of 32%). Please note the impact of related breaking news.

Binance releases an update on proof of reserves, stating that asset reserves are always above 1:1 to guarantee user funds, with the BNB reserve ratio at 100.58%, the Bitcoin reserve ratio at 100.2%, and the ETH reserve ratio at 100%. The USDT reserve ratio is at 103.17%.

Glassnode co-founder Rafael posted an analysis of the recent Bitcoin price trend on the X platform, noting that the current Bitcoin price is in the $62,000 range, having dropped nearly 50% from its all-time high, with a decline of 24% over the past month. The price has crossed the upper range of its pricing framework, entering a valuation cluster area where historical cycles have previously shown bottoms.Rafael further pointed out that market bottoms cannot be confirmed in advance and can only be defined through probability ranges and key price levels to identify potential bottom signals. Bitcoin has fallen below the median holder breakeven line for the first time since December 2022, currently situated within a broader support range: the median realized price is approximately $64,100, and the 200-week moving average price is around $61,700.The current high-probability bottom range may be between $46,000 and $54,000, with a rare "sell-off tail" below that range of $35,000 to $40,000. It is important to note that the magnitude of cyclical pullbacks is gradually decreasing: previous rounds of lows saw declines of about 85%, 84%, and 77%, while this round has only dropped about 50%, indicating that a high-probability bottom is more likely to be in the upper range, though extreme sell-off possibilities cannot be ruled out.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $245 million, with long positions liquidated at $81.0358 million and short positions liquidated at $164 million. Among them, Bitcoin long positions were liquidated at $15.8193 million, Bitcoin short positions at $62.3254 million, Ethereum long positions at $24.077 million, and Ethereum short positions at $44.3025 million.In addition, in the last 24 hours, a total of 85,575 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP worth $12.2796 million.

According to Arkham monitoring, the German government has previously sold a total of 49,858 bitcoins, with an average selling price of approximately $57,900.If bitcoin drops about 6% from the current level, the price will fall near the German government's average selling price, which means that bitcoin is gradually approaching the cost range during large-scale sell-offs by sovereign institutions. Therefore, in the context of significant liquidation pressure facing the market this week, the area around $57,900 is worth paying close attention to. Since government sales typically exhibit characteristics such as non-voluntary nature and insensitivity to price, this price level may become an important reference range for the market to assess supply and demand relationships and subsequent trends.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0062%. Among the current mainstream exchanges, the rate on Binance is -0.0102%, OKX is -0.0141%, Bybit is -0.009%, and Gate is -0.0129%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0007%. Among the current mainstream exchanges, the rate for Binance is 0.0004%, OKX is -0.0078%, Bybit is -0.0019%, and Gate is -0.0085%.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.087 billion, with long positions totaling $2.021 billion, accounting for 49.46% of the holdings, and short positions totaling $2.066 billion, accounting for 50.54%. The profit and loss for long positions is -$212 million, while for short positions it is $173 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $29.3375 million.

According to monitoring by Catcher Predict, in the event of "Bitcoin breaking through on June 7" in the prediction market Polymarket, the probability of the "yes" option in the sub-market "62,000" has experienced significant fluctuations, soaring from 41.5% an hour ago to the current 56.5% (a fluctuation of 15%). Please note the impact of related breaking news.

According to the Times of India, the Gujarat police have arrested two suspects involved in cryptocurrency-related cybercrime, with the network allegedly trading over 226 million rupees. Investigators claim that the network is linked to terrorist financing, global drug trafficking, and dark web financial activities.Officials stated that this arrest is part of an ongoing investigation into the use of cryptocurrency channels for terrorist financing. Previously, 10 suspects had already been arrested during the investigation. The two latest suspects are accused of using the KYC information of a man named Sabbir Ali Sarani to create a Binance wallet and receiving 5,000 USDT through layered transactions.

According to on-chain analyst @ai_9684xtpa's monitoring, the long positions of the "Set 10 Big Goals" trader have an unrealized profit of 5.881 million dollars;His screenshot from yesterday shows that 2835.32 BTC long positions have been opened, worth 170 million dollars, with an opening price of 60153.8 dollars.