Coinbase Bitcoin Premium Index has recorded a negative value for 18 consecutive days, indicating sustained weak buying power in the U.S. market

June 5: Per monitoring from Onchain Lens, this crypto whale once again deposited 250,000 USDC into HyperLiquid to open a 25x leveraged long position on ETH. His current losses have topped $34.5 million, bringing his total losses since September 2025 to more than $78.35 million.

On June 5, data from Bitget showed that the Hong Kong-listed AI application sector extended its decline. MINIMAX fell more than 13%, WiseEye and UMeng Education each dropped over 9%, and SenseTime declined by more than 8%.

June 5 – Per Hyperinsight monitoring, a recent analysis from the Hyperliquid platform has identified a trader focused on holding a long position in ZEC. Ahead of today’s settlement price, the trader executed multiple rounds of manual deleveraging, gradually lowering their liquidation line to mitigate risk. The wallet address in question had previously amassed a long position of 13,000 ZEC. Now, their holdings have shrunk to 5,080 ZEC – roughly $2.02 million – with a liquidation price set at $383.8. This makes it the closest million-level position address to liquidation currently. As of press time, ZEC trades around $388, putting the address less than $6 away from being liquidated. The remaining position carries an unrealized loss of approximately $700,000, equal to 2.5 times its initial margin. Adding in losses from earlier deleveraging rounds, the total accumulated loss over the past 24 hours hits $3 million. Wallet Address: 0xb2662fca65f6446b8b1898340118d44d680a4449 Addit

On June 5th, Adam, a researcher at GreekLive, published a post noting that 25,600 Bitcoin (BTC) options were set to expire that day. The put-call ratio stood at 0.56, with a maximum pain point (MP) of $70,500 and a notional value of $16.2 billion. Additionally, 155,000 Ethereum (ETH) options expired, with a put-call ratio of 0.92, an MP of $2,000, and a notional value of $2.7 billion. This week, Bitcoin saw a sharp plunge, hitting near $60,000 at its lowest point. The rapid drop pushed both BTC and ETH prices well below their respective maximum pain support levels. The bearish trend further worsened already low market sentiment: only 6% of this week’s options expired, shifting most of the market’s focus to U.S. stocks. Looking at key options data, as prices continued to fall, Bitcoin’s Gamma Exposure (GEX) landed between $60,000 and $63,000, with a notable negative skew on the Skew index. Despite the large price swing, implied volatility (IV) edged slightly higher after last month’s

June 5: NVIDIA CEO Jensen Huang announced the company will allocate memory supplies as prudently as possible, adding that all three memory manufacturers have qualified to supply HBM4.

On June 5, OKX founder and CEO Star stated, “Tokenized stocks are among the most important real-world asset (RWA) use cases. We anticipate xStocks will launch on X Layer soon, bringing global equities onto the blockchain and expanding access to capital markets.” According to reports, X Layer has previously formed a strategic partnership with regulated tokenized stock issuance platform xStocks. Assets associated with xStocks will gradually be integrated into the X Layer ecosystem and OKX Wallet. Star believes access to the global market should be as open as access to information.