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According to Coinglass data, in the past 24 hours, the total liquidation across the network was $329 million, with long positions liquidated at $116 million and short positions liquidated at $214 million. Among them, Bitcoin long positions were liquidated at $42.3128 million, Bitcoin short positions at $80.7059 million, Ethereum long positions at $26.8864 million, and Ethereum short positions at $67.2792 million.In addition, in the last 24 hours, a total of 92,015 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP worth $12.2796 million.

According to Coinglass data, the total contract open interest for ETH has increased by 5.44% in the past 24 hours, with the current total open interest at 24.385 billion USD. Among them, the open interest on Binance is 5.559 billion USD, OKX is 1.515 billion USD, Bybit is 1.684 billion USD, and Gate is 2.932 billion USD.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $296 million, with long liquidations amounting to $80.258 million and short liquidations amounting to $216 million. Among them, Bitcoin long liquidations were $23.8702 million, Bitcoin short liquidations were $80.5792 million, Ethereum long liquidations were $18.0839 million, and Ethereum short liquidations were $67.4274 million.In addition, in the last 24 hours, a total of 85,679 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP worth $12.2796 million.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is -0.0021%. Among the current mainstream exchanges, the rate on Binance is 0.0005%, OKX is -0.0125%, Bybit is -0.0096%, and Gate is -0.0079%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0034%. Among the current mainstream exchanges, the rate for Binance is 0.0027%, OKX is 0.0029%, Bybit is 0.001%, and Gate is 0.0002%.

Coinglass data shows that in the past 24 hours, the total liquidation across the network was 296 million USD, with short liquidations amounting to 216 million USD and long liquidations amounting to 79.62 million USD. Additionally, the liquidation amount for BTC reached 104 million USD, for ETH it reached 85.74 million USD, and for ZEC it reached 18.19 million USD.

According to Jinshi reports, Guotai Junan's research report points out that the non-farm data in May continued to exceed expectations, signaling a stabilization and recovery in the U.S. job market, which catalyzed market expectations for interest rate hikes and led to significant adjustments in asset prices. The U.S. dollar strengthened, U.S. Treasury rates surged, U.S. stocks fell sharply, and gold weakened. Guotai Junan believes that there are still differences within the Federal Reserve, and there may not be an interest rate hike within the year, but the market in June may be affected by liquidity shocks, and U.S. stocks may face at least one to two months of volatility.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $293 million, with long positions liquidated at $88.458 million and short positions liquidated at $204 million. Among them, Bitcoin long positions were liquidated at $25.4683 million, Bitcoin short positions at $77.8787 million, Ethereum long positions at $18.6242 million, and Ethereum short positions at $64.1425 million.In addition, in the last 24 hours, a total of 86,428 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP worth $12.2796 million.

According to Coinglass data, the total contract open interest for ETH has increased by 5% in the past 24 hours, with the current total open interest at $24.308 billion. Among them, Binance's open interest is $5.522 billion, OKX's open interest is $1.509 billion, Bybit's open interest is $1.643 billion, and Gate's open interest is $2.958 billion.

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 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 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 total contract open interest for ETH has increased by 6.11% in the past 24 hours, with the current total open interest at $24.148 billion. Among them, Binance's open interest is $5.452 billion, OKX's open interest is $1.517 billion, Bybit's open interest is $1.606 billion, and Gate's open interest is $2.84 billion.

According to Jinshi reports, after the release of significantly better-than-expected non-farm payroll data on Friday, market expectations for the Federal Reserve's interest rate hikes this year surged, causing spot gold to plummet sharply, nearly erasing all gains for the year, marking a fourth consecutive week of declines. Silver's overall trend mirrored that of gold but with slightly stronger volatility, closing down 9.85% for the week. The U.S. dollar index, buoyed by the unexpected non-farm data, rose significantly to just above the 100 mark. Following the non-farm data on Friday, U.S. tech stocks suffered heavy losses. The Dow Jones Industrial Average closed down 1.35%, the S&P 500 index fell 2.65%, marking the largest single-day drop since October 2025; the Nasdaq dropped 4.18%, the largest single-day decline since April 2025.Goldman Sachs believes that the current market sentiment is clearly more greedy than fearful. Deutsche Bank pointed out that the market is highly sensitive to any negative news involving Iran. Here are the key points the market will focus on in the new week (all times are in Beijing time):Monday 23:00, U.S. May New York Fed 1-year inflation expectations;Tuesday 14:00, Germany April seasonally adjusted industrial production month-on-month, April seasonally adjusted trade balance;Tuesday 18:00, U.S. May NFIB Small Business Confidence Index;Tuesday 20:15, U.S. ADP employment change for the week ending May 23;Wednesday 20:30, U.S. May unadjusted CPI, May seasonally adjusted CPI/core CPI month-on-month;Wednesday 21:45, Bank of Canada announces interest rate decision;Thursday 20:15, European Central Bank announces interest rate decision;Thursday 20:30, U.S. initial jobless claims for the week ending June 6, May PPI year-on-year/month-on-month;Friday 14:00, Germany May CPI month-on-month final value;Friday 14:45, France May CPI month-on-month final value;Friday 22:00, U.S. June 1-year inflation expectations preliminary value, June University of Michigan Consumer Confidence Index preliminary value.In the coming week, the market will face a series of important events, but the most anticipated remains the potential initial public offering (IPO) of SpaceX. According to current plans, this transaction may launch on Friday, and if it proceeds, it is expected to have a significant impact on overall market sentiment, although the specific direction is still difficult to determine.In addition to SpaceX, the Apple Worldwide Developers Conference, earnings reports, and TSMC's May sales data may also become important factors influencing market volatility. Next week, U.S. stocks will enter a relatively calm phase of earnings season; although the overall number of reports is not large, heavyweight tech companies Oracle and Adobe will take the stage one after another, becoming the focus of market attention.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $406 million, with long positions liquidated at $254 million and short positions liquidated at $152 million. Among them, Bitcoin long positions were liquidated at $42.9501 million, Bitcoin short positions at $47.8855 million, Ethereum long positions at $77.8271 million, and Ethereum short positions at $41.9352 million.In addition, in the last 24 hours, a total of 130,497 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $5.0895 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $418 million, with long positions liquidated at $269 million and short positions liquidated at $149 million. Among them, Bitcoin long positions were liquidated at $44.5744 million, Bitcoin short positions at $47.8634 million, Ethereum long positions at $79.5493 million, and Ethereum short positions at $41.5241 million.In addition, in the last 24 hours, a total of 132,098 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $5.0895 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0035%. Among the current mainstream exchanges, the rate on Binance is -0.0066%, OKX is -0.011%, Bybit is -0.0054%, and Gate is -0.0073%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0009%. Among the current mainstream exchanges, the rate on Binance is -0.0028%, OKX is -0.0013%, Bybit is -0.0042%, and Gate is -0.0014%.