Affected by Binance Delisting, Relevant Token Experiences Sharp Decline

On June 5th, Garrett Jin, an agent with the "BTC OG Whale Insider," questioned the overtly bullish stance of Serenity, the self-proclaimed "Stock God." Serenity today publicly endorsed "Green Harmony," and Jin raised concerns about the true motives behind Serenity’s bullish call to the market. He explained that signaling a bullish view *after* the underlying asset has already seen a large surge could lead followers to buy in at a peak, exposing them to the risk of a subsequent pullback. Today’s report noted that, driven by Serenity’s "Stock God" endorsement, Green Harmony jumped 20% to hit its daily trading limit.

On June 5, Jiang Zhuo'er, founder of Lebit Mining Pool (B.TOP), announced he has bought back all Ethereum positions he’d previously sold at an average price of $1,645. The repurchase followed liquidations of his Ethereum holdings in the $2,200–$2,400 range. Despite completing the buyback, Zhuo'er views the overall market as still in a downtrend. Bitcoin, however, has found support near $61,000 on two separate occasions and hasn’t dropped significantly below that level—a sign of short-term demand for a technical rebound. Based on this assessment, he expects Bitcoin to rally in the next 1 to 3 days and plans to sell the recently repurchased Ethereum positions during that rebound.

June 5. Privacy coin Zcash (ZEC) plummeted over 50% in a single day after a disclosed security flaw that could theoretically enable infinite inflation triggered a widespread selloff, reigniting debate across the crypto industry about the long-term future of privacy-focused digital assets. While Zcash’s development team has downplayed the risk of malicious exploitation—stating the vulnerability is highly unlikely to be acted upon—markets are concerned the flaw undermines one of Zcash’s core value propositions: verifiable supply auditability, a key feature that set the privacy coin apart from many others. Prominent crypto KOL Arthur Hayes, known for high-leverage trading calls that fueled ZEC’s recent rally, announced he sold his entire ZEC holdings today in reaction to the Orchard Pool vulnerability. Hayes initially didn’t grasp how the flaw would upend his bullish narrative for Zcash, but a subsequent 30% price drop prompted him to reevaluate and exit his position at a profit. Wh

Per Bitget market data, U.S. chip stocks traded broadly lower in pre-market hours on June 5. Qualcomm (QCOM.O), Intel (INTC.O), and AMD (AMD.O) each fell around 3%, Taiwan Semiconductor Manufacturing Co. (TSM.N) dropped 2.5%, and NVIDIA (NVDA.O) declined 1.5%.

On June 5, per monitoring by Hyperinsight, during ZEC’s flash crash, prominent Hyperliquid trader Loracle’s long position racked up growing unrealized losses. Faced with the market downturn, this address continuously added to its position counter to the trend, snapped up large volumes of sell-side liquidity, and actively bought the dip, bringing its average entry cost down from over $500 to $354, with the lowest purchase price hitting nearly $250. Via this averaging down strategy, the total position size has ballooned to $10.8 million, with 34,800 ZEC long contracts held – making it the largest ZEC bull on Hyperliquid by default. As of press time, unrealized losses on this long position stand at $1.6 million (a 130% drawdown) and continue to widen. Additionally, the address currently holds long positions in multiple tokens including HYPE, ZEC, and WLD, boasting a combined long position value of $34.6 million and $4 million in total unrealized losses. Address: 0x8def9f50456c6c4e37fa5

As of June 5, data from Coinglass shows total liquidations of ZEC contracts across all crypto networks hit $107 million in the past 24 hours. Of that figure, $76.59 million in long positions and $29.98 million in short positions were liquidated—placing ZEC’s liquidation volume just behind only Bitcoin (BTC) and Ethereum (ETH) among major cryptocurrencies. In the same 24-hour period, ZEC contract trading volume surged 89.28% to $11.55 billion, while open interest dropped 38.56% to $836 million.