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After a decline of about 30% in the past month, the Bitcoin daily Relative Strength Index (RSI) has dropped to around 15.5, the lowest level since the market crash triggered by the pandemic in March 2020, indicating that the market has entered an extremely oversold state. Analysis points out that similar levels were seen during the pandemic crash in 2020 and the adjustment period in February 2026, after which Bitcoin rebounded by approximately 50% and 30%, respectively. Currently, bulls are still holding the critical support level of $60,000. If this level remains effective, Bitcoin is expected to launch a technical rebound towards the area around $70,650, where the 20-day EMA moving average is located; if it breaks below $60,000, it may further test the mid-point of $50,000.Short-term Bitcoin holders have seen their profit-loss ratio drop to a historical low, indicating that a large number of recent buyers are exiting at a loss, and market sentiment is nearing panic. Crypto analyst Scott Melker stated that about 5.3 million long-held Bitcoins are currently in a state of unrealized loss, a scale higher than during the FTX collapse, and the highest level since the pandemic crash in 2020. Melker noted that market sentiment is highly synchronized with price movements, with traders being extremely optimistic at the peak in May and falling into an extremely pessimistic state by June 3rd, "usually this means the bottom is not far away, but that is just usually."

According to a post by CLLCT founder Darren Rovell on the X platform, Bored Ape Yacht Club (BAYC) #8554 was sold today for only $13,046, while this NFT was previously sold for $147,953 on November 5, 2021, representing a significant price drop of over 90%.Analysis suggests that this transaction reflects significant value fluctuations of some high-end NFTs during the market adjustment period.

"New Stock God" Serenity posted on platform X that his account has accumulated 107,894,491 exposures, with related creator earnings of approximately $4,649. He stated that all income will be used for stray dog rescue, and there will be larger-scale donations in the future. According to current calculations, it costs about $600 to rescue one dog, so the scale of rescue will grow in proportion to the increase in his follower count.Serenity expressed that he prefers to profit through the investment market rather than deriving income from his fan base, and therefore has never felt the need to set up a high paywall or run paid advertisements. He added that even without a creator earnings program, he would continue to share investment insights.

Arkham posted on the X platform that Huang Licheng has accumulated losses of 80 million dollars in trading crypto perpetual contracts on Hyperliquid over the past year. After this liquidation, it is the first time he has not immediately replenished funds to his account after being liquidated.

According to HyperInsight monitoring, as ETH fell below 1600 USD, the 120,000 ETH long positions held by BIT (formerly Matrixport) associated whales are currently facing an unrealized loss of over 84 million USD, and have already paid 1.85 million USD in funding fees.

According to Onchain Lens monitoring, the mysterious whale 7 Siblings (0x5ffc...3c37) has once again purchased 11,759 ETH, worth 18.03 million USD, and still holds 10 million USD worth of USDS.

According to monitoring by Lookonchain, the wallet associated with Ethereum co-founder Joseph Lubin (0x1b3...A7C2) holds 243,300 ETH (worth $370 million) and has transferred out 80,001 ETH (worth $12.16 million) after being dormant for over 3 years.

According to on-chain analyst @ai_9684xtpa, a long borrowing position of ETH valued at $168 million has been liquidated again, with 10,117 ETH being liquidated this time. Since last night, a total of 31,915.13 ETH has been liquidated from this position.The latest on-chain data shows that the address starting with 0xc3f has 41,167.63 ETH remaining borrowed, with a liquidation price of $1,472.09; the address starting with 0x34d has 31,537.7 ETH remaining borrowed, with a liquidation price of $1,458.78.

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.

Dragonfly Managing Partner Haseeb published a statement regarding the recently patched Zcash vulnerability, indicating that there are many misunderstandings in the market about this event. He pointed out that even if the vulnerability had been exploited before it was fixed, attackers could only profit by faking ZEC in the privacy pool, and these tokens must first be converted from a privacy address to a transparent address to enter mainstream trading platforms.Since the supply of ZEC in transparent addresses can be publicly verified, any abnormal transfers exceeding the maximum supply will be detected and blocked, so the vast majority of investors holding transparent ZEC and exchange users will not be affected.Haseeb stated that the Zcash team plans to introduce a new "Turnstile" mechanism and a brand new privacy pool in future upgrades to verify that there is no inflation issue in the current privacy pool. He also mentioned that formally verified cryptographic systems can reduce implementation errors from a design perspective. Haseeb finally disclosed that Dragonfly still holds ZEC, and he is also a ZODL investor.

According to on-chain analyst @ai_9684xtpa, a16z affiliated entities have increased their holdings by 90,091 HYPE in the past 10 hours, valued at approximately 5.238 million USD.On-chain data shows that this entity has accumulated a total of 6.996 million HYPE since 2026, with a total value of approximately 327 million USD and an average acquisition price of about 46.85 USD.

According to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 738 BTC to a newly created wallet, worth approximately 45 million USD.

According to on-chain analyst @ai_9684xtpa, a certain whale swapped 775.56 WBTC ($47.13 million) for 29,920.09 WETH 7 hours ago, at an average price of $1,575.

According to on-chain analyst @ai_9684xtpa, a certain whale address that went long on ETH using borrowing leverage triggered liquidation again when ETH dropped to $1540 in the early morning, being liquidated for 6667.13 ETH and repaying 9.878 million USDT in loans.Data shows that this whale was cumulatively liquidated for 21798.13 ETH last night. Currently, the remaining collateral assets in its two addresses have decreased to 82871.28 ETH.The latest on-chain data shows that the address starting with 0xc3f has 51333.58 ETH remaining borrowed, with a corresponding liquidation price of $1526.91; the address starting with 0x34d has 31537.7 ETH remaining borrowed, with a corresponding liquidation price of $1458.78.

According to on-chain analyst Yu Jin's monitoring, in the last 5 days, BTC has dropped by 16%, ETH has dropped by 21%, but "Binance Life" has risen by 62% against the trend. On-chain data shows that the recent rise of "Binance Life" may be related to approximately 28 million USD in funds being purchased.In the past 5 days, two addresses withdrew 14 million USDT from Bybit, and then bought 21.1 million "Binance Life" on-chain, with an average price of about 0.66 USD. Additionally, in the past 2 days, a certain address withdrew 21.5 million "Binance Life" from Binance, worth about 14 million USD.

According to Onchain Lens monitoring, as the ETH trading price falls below 1,600 USD, the ETH short position held by "pension-usdt.eth" (3 times) currently has an unrealized profit of over 14,000,000 USD.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Bitcoin has not effectively broken below the strong support of $60,000. The price difference between Coinbase and Binance is narrowing, indicating that the selling volume from U.S. institutions like ETFs is decreasing, and the crypto market may see a rebound over the weekend.In yesterday's news, Jiang Zhuoer announced that he has "bottom-fished" and bought back all ETH positions at $1,645, expecting to start selling after a rebound in 1 to 3 days.

According to Gate market data, the US stock market continues to decline, with the Nasdaq Composite Index down 3%; Tesla (TSLA.O) fell more than 5% during the day.

According to Gate market data, the United States achieved strong job growth again in May, raising concerns about a possible interest rate hike later this year, with spot gold falling more than 3% during the day. Stephen Brown, an economist at Capital Economics, stated that as long as there is no large-scale unemployment panic in the labor market this summer, the likelihood of the Federal Reserve implementing several interest rate hikes later in the year seems to be increasing. Meanwhile, the negotiations between the U.S. and Iran have stalled, and renewed conflicts in the Middle East continue to push up oil prices and exacerbate inflation concerns, further strengthening market expectations that the Federal Reserve may maintain higher interest rates for a longer period.