Pre-market Trading: Stocks Recommended by Warren Huang Experience Broad Declines, with MRVL and NOK Both Dropping Over 7%
June 4: According to market data from Bitget, pre-market trading for U.S. stocks in the "Huang Renxun's Stock Picks" basket posted broad declines. Notable losses were as follows: Marvell (MRVL) down 7.42%; Nokia (NOK) down 7.06%; IREN (IREN) down 6.65%; Corning (GLW) down 6.40%; Coherent (COHR) down 5.53%; Intel (INTC) down 4.76%; Lumentum (LITE) down 4.49%; Nebius (NBIS) down 4.03%; and CoreWeave (CRWV) down 3.45%.
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IOSG Founding Partner: Listing is no longer a rising tide that lifts all boats, but an early exit opportunity for initial holders
June 4 – IOSG Founding Partner Jocy posted on social media that his team has compiled listing data from six major Tier-1 crypto exchanges and Binance Perpetual, covering the period from 2026 to the present day. The dataset includes 207 total listings across 92 unique tokens.
The core finding: None of the tracked exchanges delivered a positive average return in the 30 days following a token’s listing. Jocy noted that in the current bear market, a new listing no longer signals broad price gains—instead, it has become an exit opportunity for early holders, including project teams, institutional investors, and early backers.
The data also uncovered a highly structured listing transmission chain: Coinbase and Bybit handle early price discovery, Binance Perpetual validates liquidity within a few days, Binance Spot typically confirms a price trend after a pullback, and Korean exchanges act as the final endpoint for high-level acquisition. A token’s full price cycle, from its initial listing
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Broadcom Stock Plunges 15% in Pre-market Trading, Hits Intraday Low
On June 4, Bitget data shows Broadcom (AVGO.O) stock is trading down 15% in pre-market hours, hitting an intraday low. The decline follows the company’s earlier release of a below-consensus revenue forecast for its artificial intelligence chips.
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Analysis: Crypto Derivatives Market Shifts to Bearish, Potential for Larger Liquidation if Bitcoin Drops Below $60,000
June 4. The cryptocurrency market faced a fresh wave of selling and liquidations on Thursday, with Bitcoin hitting $61,300 at its lowest point before bouncing back to $64,680; it is now trading around $62,500. Over the past two days, total leveraged position liquidations across the entire crypto market reached roughly $3 billion. Data shows that in the last 24 hours, futures trading volume climbed to $305 billion, but open interest dropped 8.5% to $111.4 billion—indicating the market is focused on deleveraging rather than adding new positions. Bitcoin futures open interest fell from a record high of more than 800,000 BTC yesterday to 766,000 BTC.
Investors appear to be exiting the crypto market and shifting their focus to the AI trend in traditional markets. The derivatives sector has shifted sharply to a bearish outlook. Both Bitcoin (BTC) and Ethereum (ETH) put-call skews have tightened, a sign that investors are willing to pay a higher premium for downside protection. Open interest
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Coinbase Bitcoin Premium Widens, US Market Selling Pressure May Lead This Round of Pullback
June 4 – According to Coinglass data, Coinbase’s Bitcoin negative premium has widened since May 19, standing at -0.1931% as of press time. It has maintained a negative premium status for 17 consecutive days, signaling U.S. demand for BTC has not seen a meaningful recovery and investor risk appetite has cooled. Over the same period, Bitcoin has retraced from $77,000 to its current $62,000, with this recent pullback likely driven by U.S.-based investors.
For context: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase and the global average market price. A negative premium typically points to heightened selling pressure in the U.S. market, falling investor risk appetite, rising market risk aversion, or capital outflows.
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