ave

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 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 the Korea Herald, the five major virtual asset trading platforms in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) have experienced a total of 57 hacking and system failure incidents over the past six years (from 2020 to April 2026), with a total compensation amount of approximately 7 billion Korean won (about 5.1 million USD). By exchange, the number of incidents is as follows: Upbit 26 incidents, Bithumb 14 incidents, Gopax 8 incidents, Coinone 6 incidents, Korbit 3 incidents.Among them, Bithumb compensated approximately 2.5 billion Korean won (about 1.8 million USD) for the BTC misissue incident in February this year, Upbit compensated approximately 790 million Korean won (about 570,000 USD) for a hacking incident in November 2025, and compensated approximately 3.2 billion Korean won (about 2.3 million USD) for a system incident on December 3, 2024. It is worth noting that the standards for compiling incident reports by exchanges and the scale and form of compensation vary. For example, Gopax counts errors that occur when viewing the asset list as system failures, while Bithumb only counts situations where all customers encounter difficulties using core services for more than 10 minutes as system failures.In addition, Bithumb also provided some applicants who suffered losses due to system failures with free fee vouchers instead of cash compensation. The compensation amounts for system failures are as follows: Upbit approximately 3.21 billion Korean won, Bithumb approximately 3.2 billion Korean won, Coinone approximately 49 million Korean won. Korbit and Gopax did not provide any compensation.

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%.

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 monitoring by Lookonchain, a certain whale borrowed 142 million USDT from Aave within 30 hours, purchasing 87,680 ETH at an average price of 1620 USD.The whale's health factor on Aave has dropped to 1.16, with a liquidation price of 1354.51 USD.

According to CoinDesk, an address from the "Satoshi era" that has never been used since March 2011, holding 35.55 bitcoins (approximately $2.54 million), made a transfer this week, which is seen as one of the first publicly visible responses from defendants in a lawsuit involving approximately 3.8 million bitcoins (valued at about $285 billion) in New York.On-chain data shows that the address transferred 15 BTC to a new address on June 2, keeping the remaining 20.55 BTC as change. The address initially received bitcoins on March 27, 2011, when the price of BTC was less than $1.In March of this year, a plaintiff using the pseudonym "Noah Doe" filed a lawsuit in New York state court alongside two LLCs from Wyoming, attempting to claim ownership of approximately 3.8 million long-dormant bitcoin wallets under New York's lost property law, positioning themselves as the "discoverer." The court approved sending on-chain notifications to the relevant wallets via the bitcoin OP_RETURN field.In July 2025, the advisory firm Salomon Brothers Strategic Advisors sent dust transactions with links to legal notices to 39,000 wallets, including the aforementioned address, requesting holders to prove ownership within 90 days.Alex Thorn, head of research at Galaxy Research, pointed out that the address corresponds to defendant number 38215 in the case, stating, "Clearly, these bitcoins have not actually been abandoned."Additionally, another address that had been dormant for 15 years, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, also transferred 20 BTC (approximately $1.48 million) on the same day, but this address did not appear on Noah Doe's list of lawsuits.Analysis suggests that the on-chain movements mentioned above indicate that some bitcoins from the Satoshi era, considered "abandoned assets," are actually still under the control of the original holders.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0023%. Among the current mainstream exchanges, the funding rate on Binance is -0.0032%, OKX is -0.0136%, Bybit is -0.0013%, and Gate is -0.0091%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0021%. Among the current mainstream exchanges, the rate for Binance is 0.0027%, OKX is -0.0034%, Bybit is 0.0039%, and Gate is -0.0011%.

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 the information released by the SEC, Strategy (MSTR) CEO Le Phong sold 93,738 shares of the company's stock on June 5 at an average price of $118.73 per share, for a total value of approximately $11.1292 million. After the transaction, his direct holdings decreased to 138,620 shares.On the same day, CFO Andrew Kang sold 33,062 shares of the company's stock at the same price, for a total value of approximately $3.9254 million. After the transaction, his direct holdings decreased to 75,283 shares.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.003%. Among the current mainstream exchanges, the rate on Binance is -0.0079%, OKX is -0.0112%, Bybit is -0.0015%, and Gate is -0.0065%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0008%. Among the current mainstream exchanges, the rate on Binance is -0.0012%, OKX is -0.0025%, Bybit is 0.0028%, and Gate is -0.0009%.

According to Ember Monitoring, on-chain ETH leveraged whales have begun liquidation. A total of 15,042 ETH has been liquidated to repay 22,150,000 USDT.

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%.