Most old-model Bitcoin miners have reached the shutdown price

June 4th: According to on-chain analyst Ai (@ai_9684xtpa), former ConsenSys ambassador Russell Verbeeten made a large Ethereum (ETH) transfer after a year of inactivity—funds dating back a decade—with gas fees totaling just $5.6. Seven hours ago, Verbeeten withdrew 20,426 ETH from the Aave lending protocol, worth roughly $37.26 million. He then distributed these funds to 10 new addresses. One of those addresses has already sent 4,144 ETH to the Coinsquare exchange platform, while the remaining tokens stay untouched with no further transfers or sales recorded.

June 4 – According to Bitget market data, the Nikkei 225 Index posted an intraday decline of 2.00%, while South Korea’s KOSPI Index dropped 1.98% during intraday trading.

June 4, According to Hyperinsight’s monitoring (via https://t.me/HyperInsight), the so-called "BTC OG Insider Whale" address has made a notable move: it significantly reduced its long Bitcoin (BTC) position, resulting in a loss of over $20 million in the past seven days. This address is currently the largest BTC long position holder on Hyperliquid, roughly $8,000 away from liquidation—meaning BTC would need to drop by approximately 11% to trigger a forced liquidation. Its open positions are as follows: - 5x Leveraged BTC Long: Position size of $78.3 million, average entry price of $76,117.30, unrealized loss of $18.7 million (a 92% drop), liquidation price of $54,400. - 3x Leveraged Zcash (ZEC) Long: Position size of $34.09 million, average entry price of $626, unrealized gain of $2.16 million (a 20% rise). Notably, this address once held over 50,000 BTC dormant for eight years, and its trading actions have long been highly aligned with Donald Trump’s statements and U.S. policy trend

June 4th – The "Prophet of New Stocks," Serenity, noted in a recent post that crypto-related names like COIN, HOOD, and CRCL are at a critical juncture this year. If the so-called "Crypto-Friendly U.S. Government" status and "Strategic Reserves" narratives don’t materialize, plus a bank lobbying-backed "Clarity Act"-style law is enacted, it could stifle crypto innovation. Serenity further pointed out these policies would likely limit yield-generating crypto products and constrain competing financial innovations, while also crimping market liquidity. However, from a macro lens, this could actually help strengthen the U.S. dollar system. She added that amid the current valuation pullback, these stocks may regain appeal for short-term traders.

Four hours ago, Ethereum treasury firm FG Nexus carried out an ETH sell-off, transferring 10,000 ETH (worth roughly $18.16 million) to Galaxy Digital, per ChainNews.

June 4 – According to HTX market data, Bitcoin has fallen below $62,000, currently trading at $61,996, marking a 7.15% drop in the past 24 hours.