Jiang Zhuoer: Sold 50% Spot ETH at $1629 Due to Escalation of US-Iran Conflict

June 11 Update: Coinglass data shows Ethereum’s coin-margined contract open interest on Binance has hit a fresh all-time high, now surpassing 3.3 million ETH. Analyst Darkfost remarks that current market conditions are growing increasingly hard to parse. The cryptocurrency’s price has dropped 67% from its all-time peak and remains in extremely oversold territory, yet traders are ramping up their derivative exposure. Meanwhile, Binance’s weekly average taker buy/sell ratio has risen from 0.95 to 1.0—an indicator of capital flow rebalancing after months of seller dominance. Darkfost interprets this trend as a signal that, following Ethereum’s sharp devaluation, traders are gradually returning to the buy side.

Per monitoring from Onchain Lens, FTX/Alameda unlocked 200,241 SOL on June 11—nearly a month after the tokens were placed in lockup—valued at roughly $12.99 million.

On June 11, the Islamic Revolutionary Guard Corps (IRGC) Navy warned all vessels anchored in the Persian Gulf and Gulf of Oman that any ship approaching the Strait of Hormuz would be deemed to be collaborating with the enemy.

June 11, 2026 Since the start of June, the U.S. stock market has trended lower after a brief rally. The S&P 500 is now nearly 5% off its June 2 high of 7620. As the pullback continues, investors are starting to doubt the long-held belief in a perpetual U.S. bull market. Below is a summary of analysts’ views on the June market, compiled by BlockBeats: The Foundation for the Study of Cycles (FSC), a leading market cycle research group, noted in its latest podcast that cycle analysis shows a cluster of short- to medium-term peaks for major U.S. stock indexes around June 8, 2026. The indexes are currently in a clear "top alignment window," meaning downward pressure will build starting in June, lasting from late summer through autumn (into October or November). Notably, tech and semiconductor sectors—among the strongest performers lately—are showing Cyclic RSI divergence on technical charts. The group’s advice: exercise caution in the short term, as the market may trade in a range or

June 11. For the past year, markets have priced every development through the lens of when the Federal Reserve will cut rates. But recent data is forcing investors to confront a different question: if inflation reignites even as growth and employment stay strong, will major global central banks be forced back onto a hiking path? Tonight’s U.S. May CPI release is the critical test. The consensus estimate is for year-over-year inflation to rise to 4.2%—the first print above 4% in nearly three years. Critically, this cycle’s inflation isn’t driven by energy alone: energy costs, tariffs, and services prices are all pushing inflation higher at the same time, while wage growth continues to lag—eroding real purchasing power. For the Fed, the real risk to watch isn’t any single month’s data point, but whether inflation expectations are starting to un-anchor. More importantly, bond markets have already priced in this shift. From SOFR options to the broader Treasury complex, large positions ar

June 11: A stunning comeback unfolded in the NBA Finals, as the New York Knicks erased a 29-point deficit to record the largest comeback in Finals history. This feat toppled the previous mark of a 24-point rally set by the Boston Celtics back in 2008. Following the decisive win, the Knicks’ championship probability on predictive sports platform predict.fun has surged to 83%.