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Analysis: Over Half of Bitcoin Holdings in Unrealized Loss, Historical Bear Market Bottom Indicator Triggered Again

1 hours ago

On June 4, Glassnode data showed that as Bitcoin dipped briefly to $61,300, the number of unrealized BTC holdings hit roughly 10.5 million—surpassing the 9.8 million BTC currently in a profitable state for the first time in this market cycle. Making up over half of Bitcoin’s circulating supply, this marks the first time in the current cycle that loss-making coins have outnumbered profit-making ones. Historical data indicates this metric has only emerged during deep bear market phases in Bitcoin’s history, and has typically aligned with key market bottoms. Similar instances occurred during the 2015, 2019, 2020, and 2022 bear markets, with these stretches lasting between one month and a full year. Meanwhile, Bitcoin touched its 200-week moving average at around $61,300—a critical long-term support level that held firm during previous bear cycles. Analysts warn that if BTC drops below the $60,000 psychological threshold, the next major support level will be near the realized price of roughly $54,000, a level that was breached in past significant bear markets.
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Michael Saylor: Bitcoin's Drop is Driven by Money Flowing into AI, a Capital Rotation, Not Damage to Bitcoin

June 4: Michael Saylor, founder of Strategy, notes that capital markets are funding AI infrastructure at an unprecedented scale, with approximately $400 billion in total capital raised for this sector over the past six months. Saylor also points out that as of May 14, roughly $4 billion has flowed out of Bitcoin ETFs, which has exerted downward pressure on Bitcoin’s price. However, he views this as part of broader capital rotation rather than fundamental harm to Bitcoin itself, stating, “Volatility creates opportunity.”

5 minutes ago

Spot Gold Surges Above $4500 Per Ounce

June 4: Bitget data indicates spot gold surged above $4,500 per ounce, notching a 1.49% intraday gain. Spot silver rose over 2% intraday and is currently trading at $74.17 per ounce.

5 minutes ago

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%.

5 minutes ago

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

5 minutes ago

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.

5 minutes ago

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

5 minutes ago

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