Ramp will enable payments and transactions through a stablecoin channel using Plasma

June 6, per Coinglass data, if Bitcoin breaks through the $63,000 threshold, the cumulative short liquidation intensity across major centralized exchanges (CEXs) will hit $1.513 billion. Conversely, if Bitcoin drops below $59,000, the cumulative long liquidation intensity for leading CEXs will reach $989 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts set to be liquidated or the precise value of liquidated contracts. The bars on the chart instead represent the relative importance of individual liquidation clusters compared to adjacent clusters—this is what is referred to as "intensity". As such, the chart shows the extent to which an underlying asset’s price will be impacted once it reaches a specific level. A higher "liquidation bar" indicates a more intense price reaction due to a liquidity cascade event.

June 6: Data from Farside Investors shows U.S. spot Bitcoin ETFs recorded a total net outflow of $1.722 billion this week. IBIT was the main source of outflows, posting a net withdrawal of $1.3372 billion. Other outflows came from FBTC ($201.9 million), GBTC ($144.3 million), and ARKB ($49.7 million). Only two products saw net inflows this week: MSBT attracted a net $35.1 million, while HODL brought in $4.2 million. EZBC, BRRR, BTCW, and BTC had no net inflows or outflows for the week.

On June 6, as Bitcoin briefly dipped below $60,000, Polymarket’s probability that the cryptocurrency would fall to $55,000 by June surged to 41% from only 4% on June 2. Separately, the platform pegs the odds of Bitcoin dropping to $50,000 at 18%, while the chance of it rising to $65,000 is 57%.

June 6: Arkham announced that over the past year, Huang Licheng, known as "Brother Ma Ji," racked up $80 million in losses trading perpetual contracts on Hyperliquid. This marks the first time he has not immediately topped up his account with funds following a liquidation.

On June 6, Coinglass data shows the Coinbase Bitcoin premium index has stayed in negative premium territory for 19 consecutive days, currently sitting at -0.0401% — a narrowing compared to earlier levels. This indicates marginal selling pressure on BTC in the U.S. market has eased, yet the 19-day stretch in negative premium signals U.S. demand for Bitcoin hasn’t fully recovered. Moving forward, it’s critical to monitor whether this index can return to positive premium range. If the Coinbase premium continues to rebound, it may imply a return of U.S. buying interest; if the negative premium widens again, BTC prices could face renewed selling pressure from the U.S. market.

June 6: Per HyperInsight’s monitoring, as ETH fell below $1,600, the whale linked to BIT (formerly Matrixport) holds a 120,000 ETH long position with 15-20x leverage. The position is currently facing over $84 million in liquidation losses and has already paid $1.85 million in funding fees.