A certain whale transferred 996 ETH to OKX again 6 hours ago

June 6th. As per Ashes Monitor, a whale employed a tactic referred to as "buying the dip" subsequent to a liquidation event in James Wynn's position. It managed to regain $17.08 million in profit through a liquidation cascade that took place two and a half hours earlier. The whale implemented this strategy twice following liquidation events in James Wynn's position, going long on both BTC and ETH. The approach involved leveraging the liquidation event. It opened a long position immediately after James Wynn's position was liquidated yesterday at midnight and augmented its position after James Wynn's position was liquidated and closed today at 1 a.m. However, as the price kept declining, it opted to cut its losses and close its position two and a half hours ago. This decision led to a $17.08 million loss on this specific long trade. After this profit-taking event, its profits in the past 21 days have decreased from $30 million to $13 million.

On June 6th, based on Coinglass data, within the past 24 hours, the entire network witnessed liquidations totaling $9.68 billion. Among them, long liquidations accounted for $8.8 billion. In addition, a total of 225,990 people were liquidated globally. The largest single liquidation took place on Bitmex - XBTUSD, with an amount of $10.00 million.

On June 6th, Arthur Hayes, the co-founder of BitMEX, posted on social media today, expressing how remarkable a day it is. The ICO craze of 2017 has transformed into the IPO mania of 2025 - 2027? This is just the inception of the madness. Eventually, it will reach a sensational IPO similar to EOS, attracting a huge amount of fiat capital and experiencing a sharp decline after listing.

On June 6th, CME Bitcoin futures witnessed a record high of 217 large traders, showing a 36% increase compared to the beginning of the year. This indicates a notable rise in institutional investors' interest in Bitcoin. Since the start of 2024, the number of large traders has been continuously rising, suggesting that institutional Bitcoin allocation has become a consistent trend rather than opportunistic trading. (The Block)

June 6th: Based on Ember Monitor, the price of BTC dropped in the early morning. As a result, James Wynn was liquidated for 379 BTC at 1 a.m. He then voluntarily closed the remaining position. Statistics indicate that James Wynn suffered an additional loss of $2.9 million in this long position on BTC. He used a total of $3.6 million USDC as collateral. After the full liquidation, he was left with $700,000. This amount includes the $225,000 he received from two begging tweets. From making a profit of $87 million to currently having a loss of $20.5 million, James Wynn achieved this within just two weeks.

On June 6th, based on Yahoo Finance data, Circle experienced a 168.48% price surge on its first day of trading. The closing price was $83.23, and the daily trading volume reached $47.109 million.