The People's Bank of China (PBOC) conducted a reverse repurchase agreement (repo) operation on the same day, withdrawing a net amount of 101.3 billion yuan from the market.

On June 4, HTX market data reveals Bitcoin has fallen roughly 17% over about three days since the start of June, hitting a low of $61,383. Separately, Coinglass data notes that while Bitcoin’s price has dipped to near the low it hit on February 6, the market sentiment reflected in funding rates isn’t as bearish as it was at that time. As of writing, funding rates for BTC and ETH on major platforms remain positive—no widespread negative rates have emerged. This signals that on-exchange funds are treating this pullback as a retracement or even a possible double bottom scenario, rather than piling into aggressive short positions.

June 4th: Per monitoring from LookOnChain, the whale known for its consistent "buying the dip" strategy — nicknamed "7 Siblings" — has made another move. Roughly an hour ago, the whale borrowed 10 million USDT from Spark Protocol, then purchased 5,589 ETH at an average price of around $1,789, with the total transaction value coming in at approximately $10 million.

June 4: Self-titled "New Stock God" Serenity shared in a post that day that he bought IBIT and ETHA—BlackRock’s Bitcoin and Ethereum spot ETFs—for a combined $62,000 at an average price of $1,750. These positions are meant for swing trading, not long-term holdings, he clarified. Serenity also noted that a price pullback would weigh on related assets including HOOD, COIN, and other associated securities.

On June 4th, Hyperinsight’s monitoring data shows that today’s largest single liquidation on Hyperliquid involved the trader known as Evaded (X: ICanPlug). The whale was liquidated twice in a row after ZEC’s price dropped below $600. A total of 28,590 ZEC long positions were liquidated, valued at roughly $16.3 million, leading to a loss of around $2.26 million. Following full liquidation, the whale opened a new long position: they bought 7,300 ZEC with 10x leverage, bringing the position value to about $4.33 million and setting the liquidation price at $563.3. Wallet address: 0x86523927bffeafe2e532f0218feb1f3c29f6120d ?? HyperInsight Bot is now live! Add @HyperInsightBot to your Telegram group, make it an admin, and enable message sending permissions so it can automatically sync on-chain data for you.

NEW YORK, June 4 (New York Post) — Rapidly expanding prediction market platform Polymarket is probing what it claims is alleged corporate espionage by its rival Kalshi, according to a report from the New York Post. Polymarket allows users to bet on a wide range of events, from sports matches and weather forecasts to even the Iran war, per its offerings. Insiders told the outlet that the New York-based firm, led by 27-year-old CEO Shayne Coplan, has put together an internal "Copycat" dossier documenting around a dozen suspicious cases. These include instances where Kalshi rolled out new products nearly identical to Polymarket’s, with launch timelines that strike Polymarket as highly questionable. Matthew Modabber, Polymarket’s chief marketing officer, confirmed the investigation during a brief phone interview, stating: "These coincidences have popped up way too often. Their copying of our strategy is clearly malicious—they’ve been monitoring every move we make closely."

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.