The US Bitcoin and Ethereum spot ETFs saw net outflows again, with outflows of $325.7 million and $6 million yesterday, respectively.
June 6 — Per data from Farside Investors, net inflows into U.S. spot Bitcoin and Ethereum ETFs held for just one day before returning to net outflows yesterday. The U.S. spot Bitcoin ETF recorded a net outflow of $325.7 million yesterday, with BlackRock’s IBIT seeing a $213.7 million net outflow. Meanwhile, the U.S. spot Ethereum ETF posted a net outflow of $6 million yesterday, and BlackRock’s ETHA reported a net outflow of $13.2 million.
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Bitdeer sold 205.3 BTC this week and still maintains a zero holding position
On June 6, Nasdaq-listed Bitcoin mining firm Bitdeer posted its latest Bitcoin holdings data on the X platform. For the week ending June 5, the company mined 205.3 BTC, sold exactly that amount, leading to a net addition of 0 BTC—meaning it currently holds zero BTC in reserves.
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Pando Rings Hacker Spends 10 Million DAI to 'Buy the Dip' of 6243 ETH
June 6 — According to LookOnChain's monitoring, the Pando Rings hacker purchased 6,243 ETH for 10 million DAI approximately 6 hours ago, at a unit price of $1,602 each.
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Analyst: Market Digesting Fear, On-Chain Metrics Show Bitcoin Has Bottomed Structure Expectation
June 6th — On-chain analyst Murphy shared in a post that Bitcoin (BTC) dipped below the $60,000 threshold yesterday, though the market’s losses aren’t aligning with sentiment indicators. Currently, the 3-day moving average of adjusted on-chain realized loss (EARL) stands at $1.13 billion, nearly half of its value on February 5. While he stops short of ruling out further downside for BTC, the fact that EARL isn’t rising even at lower price levels is a classic signal of “bottoming expectations.”
To clarify: EARL reflects the broader market’s level of fear, while STH-RUL (Short-Term Holder Relative Unrealized Loss) measures the psychological pressure facing new investors. During the early stages of a bear market downtrend, short-term holders typically face extreme psychological strain, pushing STH-RUL above +5 standard deviations — a level that often correlates with a systemic crisis. Later, even if prices continue falling, STH-RUL rarely hits its prior peak; this is because chips have
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Cathie Wood: Market Misread Strong Non-Farm Payrolls, AI-Driven Productivity Gains to Dampen Inflation
June 6: Cathie Wood, founder of Ark Invest, stated in a recent post that the latest U.S. jobs report shows strong results—but the market is misinterpreting them. Non-farm payrolls rose by 172,000, far exceeding the consensus forecast of 88,000, yet the market still sold off following the data release.
Wood explains the market is assuming stronger-than-expected employment and economic growth will speed up inflation, but historical trends don’t back this view. Currently, U.S. productivity growth is near 3%, while unit labor costs sit around 0.5%—this isn’t a sign of inflationary overheating, she notes, but rather healthy growth driven by productivity gains that will ultimately reduce inflation over the long term.
Despite oil prices rising roughly 55% year-over-year (on a three-month moving average basis), the yield curve remains flat. Wood says the bond market is pricing in a more powerful force: deflationary pressures from technological innovation, especially AI, which is now boosting
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After a sharp decline in the crypto market, bargain buyers emerged, with several whales and renowned traders contrarian adding to their positions in BTC and ETH.
**Crypto Market Update (June 6): Bitcoin, Ethereum Tumble as Traders Snap Up Dips Amid Bottom Talks**
HTX market data shows Bitcoin dipped below $60,000 on Tuesday, marking its first fall below that threshold since October 2024, and was trading at $61,091 at press time. Ethereum also broke below $1,600, hitting a current price of $1,583 with an 8.8% loss over the past 24 hours. Total liquidations across crypto networks hit $1.829B in the same period: $1.457B came from long positions, while $0.372B stemmed from short liquidations.
Against this broader selloff, several prominent traders have stepped in to buy the dip and share market signals. Renowned trader Killa (@KillaXBT) told followers he opened a long Bitcoin position with a stop-loss at $31,950 and a $160,000 target. The trader noted his current holdings mix spot positions and low-leverage trades, warning peers to watch for potential pullbacks. Killa added that after Bitcoin dropped below $60k this session, large buy walls emerg
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