ZEC Surges Over 14% Against the Market Trend, Market Cap Rises to $10.599 Billion

June 3 — Per Hyperinsight Monitoring, in the past 24 hours, total Bitcoin (BTC) liquidations across the network reached $729 million, with long-position liquidations accounting for around $681 million. Approximately 9.1% of these long liquidations came from the same whale on the Hyperliquid exchange, which is also the largest liquidating address across the entire network. During the initial BTC decline last night, this whale’s BTC long positions were liquidated twice in succession, totaling 508.2 BTC (valued at ~$34.4 million) and resulting in an estimated loss of $2.75 million. Subsequently, using its remaining funds, the whale repositioned as BTC rebounded to $68,000. However, when BTC dropped again below $67,000, the long position was liquidated in four separate rounds, totaling 411.2 BTC (valued at ~$27.5 million). Combined, the two liquidation rounds hit $61.9 million, with a total loss of approximately $3.14 million. Liquidation Address: 0x92b75a5bfb7be7911747276ad335b8f5da3ce

On June 3, renowned Ethereum long-term bull and crypto investor James Fickel transferred 10,000 ETH from a Coinbase custody address to a trading-recharge address, per on-chain analyst @ai_9684xtpa. The transfer is valued at roughly $18.62 million based on current ETH prices, indicating it will likely be used for subsequent trading activity. This marks Fickel’s first multi-million-dollar on-chain funding operation in six months, sparking market attention to his upcoming trading strategy. On-chain data further shows he still holds 38,936.13 ETH, totaling approximately $72.43 million at current rates, meaning he maintains a substantial overall Ethereum position.

On June 3, data from Cinglass shows Bitcoin has fully ended its two-month rebound, falling back below the $67,000 mark as of this morning. Still, market investors are attempting to buy the dip. From spot market data: as of press time, the net inflow of Bitcoin spot funds across all networks over the past eight hours stands at $30.3477 million. In the futures market, Bitcoin futures funds saw a net outflow of $2.595 billion across all networks over the past 24 hours. However, the sentiment indicated by funding rates isn’t nearly as bearish as it was two months ago. Right now, all major platforms are reporting positive funding rates for both Bitcoin and Ethereum futures. For altcoins, funding rates signal the market isn’t bullish, but cases of negative funding rates have eased significantly compared to two months prior.

June 3: Longevity tech startup NewLimit—co-founded by Coinbase co-founder Brian Armstrong—announced it has closed a $435 million Series C funding round, valuing the company at $3.1 billion. Peter Thiel’s Founders Fund led the round. Existing investors Abstract Ventures, Kleiner Perkins, NFDG, Eli Lilly Ventures, and Valor Equity Partners also participated, joined by new backers Thrive Capital, Greenoaks, and Quiet Capital. Launched in 2021, NewLimit was established with $110 million from Armstrong, former GV partner and bioengineer Blake Byers, and stem cell biologist Jacob Kimmel, based in southern San Francisco.

June 3, per data from Alternative, today’s cryptocurrency Fear & Greed Index stands at 11, down from 23 yesterday. Sentiment has intensified sharply into "Extreme Fear" amid Bitcoin’s price decline. Note: The index ranges from 0 to 100, with its score derived from six weighted indicators: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

June 3 — On-chain analytics firm Lookonchain reports that whales and institutional investors are still accumulating HYPE. Over the past seven hours, Galaxy Digital withdrew 179,000 HYPE tokens from Coinbase, valued at roughly $12.62 million. Separately, the new wallet address 0x6436 pulled 135,824 HYPE tokens eight hours ago, worth approximately $9.73 million. This address has now totaled 399,730 HYPE tokens withdrawn over the past two days, equaling around $28.92 million in total value.