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According to Coinglass data, if BTC falls below $60,584, the cumulative long liquidation intensity on major CEXs will reach $1.601 billion. Conversely, if BTC breaks above $66,416, the cumulative short liquidation intensity on major CEXs will reach $893 million.

According to the 8-K document submitted by Strategy to the SEC, the company purchased 1,550 bitcoins at an average price of approximately $65,332 from June 1 to June 7, 2026, totaling about $101.3 million, with funding sourced from the MSTR stock ATM program.As of June 7, 2026, Strategy has accumulated a total of 845,256 bitcoins, with a total holding cost of approximately $63.97 billion and an average price of about $75,680.

According to Finance Feeds, the ETH/BTC ratio has fallen back to 2016 levels, with Ethereum's recent trading price close to $1,666 and Bitcoin's trading price around $62,956, resulting in a ratio close to 0.0265. This ratio is an important indicator of market preference: an increase represents stronger demand for Ethereum, while a decrease indicates that investors prefer the liquidity and institutional acceptance of Bitcoin.Reasons for Ethereum's relative weakness against Bitcoin include: weak spot prices, declining ETF demand, competition from Layer 1 networks, reduced fee income after scaling upgrades, and market skepticism about whether the ETH economic model can maintain currency premium during Layer 2 migration. Bitcoin has maintained stronger institutional demand due to spot ETF adoption, deeper liquidity, and its macro crypto asset status.For investors, taking long positions in ETH and short positions in BTC is harder to justify. Ethereum's technical exposure makes its valuation more complex, while Bitcoin's investment logic is simpler. The Ethereum ecosystem has not failed, but the market needs clearer evidence that network activity can translate into ETH value capture.

According to Coinglass data, if ETH falls below $1,551, the cumulative long liquidation intensity on major CEXs will reach $901 million. Conversely, if ETH breaks above $1,713, the cumulative short liquidation intensity on major CEXs will reach $500 million.

According to Coinglass data, if ETH falls below $1,536, the cumulative long liquidation intensity on major CEXs will reach $1.001 billion. Conversely, if ETH breaks above $1,696, the cumulative short liquidation intensity on major CEXs will reach $473 million.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.015 billion, with long positions totaling $1.997 billion, accounting for 49.75% of the holdings, and short positions totaling $2.017 billion, accounting for 50.25%. The profit and loss for long positions is -$232 million, while the profit and loss for short positions is $196 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1845.6, currently showing an unrealized profit and loss of $11.3305 million.

On-chain analyst PlanB expressed the view on the X platform that, from the ETH/BTC comparison chart, Ethereum's overall performance over the past decade has been significantly weaker than Bitcoin.Data shows that the current ETH/BTC ratio is approximately 0.026, which is comparable to the level in March 2016, indicating that ETH has returned to the value position it held relative to BTC ten years ago. During the Bitcoin bull market of 2023/2024, ETH did not experience a significant increase, a similar situation also occurred in 2017 and 2021, and even now, Ethereum still lacks upward momentum relative to Bitcoin.

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

According to on-chain analyst @ai 9684xtpa, Hex Trust affiliated entities have hoarded another $13.01 million in H tokens, now holding a total of 6.42% of the circulating token supply.In the past 20 hours, 19.84 million H tokens have been withdrawn from various trading platforms; the total amount of H tokens hoarded in the past two days has reached 182 million, with a total value of $121 million.

According to Coinglass data, if ETH breaks through $1,637, the cumulative short liquidation intensity on mainstream CEX will reach $1.001 billion. Conversely, if ETH falls below $1,483, the cumulative long liquidation intensity on mainstream CEX will reach $932 million.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is -0.0013%. Among the current mainstream exchanges, the rate on Binance is -0.0035%, OKX is -0.0035%, Bybit is -0.0017%, and Gate is -0.0035%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0016%. Among the current mainstream exchanges, the rate for Binance is -0.0006%, OKX is 0.0005%, Bybit is -0.0005%, and Gate is -0.0013%.

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 Coinglass data, if BTC breaks through $63,097, the cumulative short liquidation intensity on mainstream CEX will reach $1.101 billion. Conversely, if BTC falls below $57,147, the cumulative long liquidation intensity on mainstream CEX will reach $898 million.

According to Coinglass data, the current average funding rate for ETH across the network over the past 8 hours is -0.0016%. Among the current mainstream exchanges, the funding rate on Binance is -0.0074%, OKX is -0.0102%, Bybit is -0.0066%, and Gate is -0.0044%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.001%. Among the current mainstream exchanges, the rate on Binance is -0.0009%, OKX is -0.005%, Bybit is -0.0026%, and Gate is 0.0025%.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is 0.0001%. Among the current mainstream exchanges, the funding rate for Binance is -0.0032%, OKX is 0.0026%, Bybit is -0.0068%, and Gate is -0.008%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.001%. Among the current mainstream exchanges, the rate for Binance is -0.0015%, OKX is 0.0021%, Bybit is -0.0036%, and Gate is 0.0015%.

According to Coinglass data, Binance had a net inflow of 201 million USDT in the past 24 hours.

According to SoSoValue data, on June 4th Eastern Time, the total net inflow of Ethereum spot ETFs was $19.3019 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was the Blackrock ETF ETHA, with a single-day net inflow of $19.3019 million. Currently, the historical total net inflow of ETHA has reached $11.323 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.778 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.57%, with a historical cumulative net inflow of $11.206 billion.