Total Bitcoin Open Interest Across All Exchanges Reaches $72.23 Billion

On June 4th, according to Kalshi data, the probability predicted by the platform that the U.S. economy will enter a recession within the year has fallen to 28%, which is a significant decline from 70% a month ago.

On June 4th: In May, the U.S. service sector witnessed its first contraction in nearly a year. Businesses encountered rising input prices, suggesting that the U.S. economy may still be faced with a period of very slow growth and high inflation. The Institute for Supply Management (ISM) stated on Wednesday that the U.S. non-manufacturing PMI dropped to 49.9, falling below the 50 mark for the first time since June 2024 and reaching its lowest level. The new order index decreased from 52.3 in April to 46.4, probably due to the weakening boost from tariff-related lead time advantages. Service sector customers think that inventories are too high compared to demand, which is not a favorable sign for short-term economic activity. Supplier delivery performance continued to worsen, and extended factory lead times indicated supply chain stress. This stress could lead to higher inflation due to supply shortages. Businesses are also trying to pass on tariffs to consumers. The services input pric

On June 4th, the spread between the 2-year and 10-year U.S. Treasury yields reached the lowest level since May 9th. (Xinhua Finance)

On June 4th, according to on-chain data analyst Ai Auntie (@ai_9684xtpa), James Wynn's long position has been liquidated, with a loss of $750,000 due to the liquidation of 621.08 BTC. He still maintains a long position of 770.23 BTC (approximately $80.64 million).

On June 4th, as per the official website, Binance Alpha has included CA, and its market value currently stands at $13.45 million.

June 4th. As per official channels, given that the marked price in the contract deviated substantially from the regular market price, Gate declared on June 4th the removal from the listing of the LAUSDT perpetual contract and suspended the relevant trading. The platform has closed all open orders in the market and pledged to cover all losses arising from negative account balances due to liquidation, with no obligation for users to make up for the losses. The official statement pointed out that this action is intended to maintain a fair trading environment and the security of user assets.