Analyst: Market Digesting Fear, On-Chain Metrics Show Bitcoin Has Bottomed Structure Expectation
June 6th — On-chain analyst Murphy shared in a post that Bitcoin (BTC) dipped below the $60,000 threshold yesterday, though the market’s losses aren’t aligning with sentiment indicators. Currently, the 3-day moving average of adjusted on-chain realized loss (EARL) stands at $1.13 billion, nearly half of its value on February 5. While he stops short of ruling out further downside for BTC, the fact that EARL isn’t rising even at lower price levels is a classic signal of “bottoming expectations.”
To clarify: EARL reflects the broader market’s level of fear, while STH-RUL (Short-Term Holder Relative Unrealized Loss) measures the psychological pressure facing new investors. During the early stages of a bear market downtrend, short-term holders typically face extreme psychological strain, pushing STH-RUL above +5 standard deviations — a level that often correlates with a systemic crisis. Later, even if prices continue falling, STH-RUL rarely hits its prior peak; this is because chips have
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Cathie Wood: Market Misread Strong Non-Farm Payrolls, AI-Driven Productivity Gains to Dampen Inflation
June 6: Cathie Wood, founder of Ark Invest, stated in a recent post that the latest U.S. jobs report shows strong results—but the market is misinterpreting them. Non-farm payrolls rose by 172,000, far exceeding the consensus forecast of 88,000, yet the market still sold off following the data release.
Wood explains the market is assuming stronger-than-expected employment and economic growth will speed up inflation, but historical trends don’t back this view. Currently, U.S. productivity growth is near 3%, while unit labor costs sit around 0.5%—this isn’t a sign of inflationary overheating, she notes, but rather healthy growth driven by productivity gains that will ultimately reduce inflation over the long term.
Despite oil prices rising roughly 55% year-over-year (on a three-month moving average basis), the yield curve remains flat. Wood says the bond market is pricing in a more powerful force: deflationary pressures from technological innovation, especially AI, which is now boosting
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After a sharp decline in the crypto market, bargain buyers emerged, with several whales and renowned traders contrarian adding to their positions in BTC and ETH.
**Crypto Market Update (June 6): Bitcoin, Ethereum Tumble as Traders Snap Up Dips Amid Bottom Talks**
HTX market data shows Bitcoin dipped below $60,000 on Tuesday, marking its first fall below that threshold since October 2024, and was trading at $61,091 at press time. Ethereum also broke below $1,600, hitting a current price of $1,583 with an 8.8% loss over the past 24 hours. Total liquidations across crypto networks hit $1.829B in the same period: $1.457B came from long positions, while $0.372B stemmed from short liquidations.
Against this broader selloff, several prominent traders have stepped in to buy the dip and share market signals. Renowned trader Killa (@KillaXBT) told followers he opened a long Bitcoin position with a stop-loss at $31,950 and a $160,000 target. The trader noted his current holdings mix spot positions and low-leverage trades, warning peers to watch for potential pullbacks. Killa added that after Bitcoin dropped below $60k this session, large buy walls emerg
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a16z-affiliated Entity Once Again Accumulates $5.238 Million HYPE, Totaling Over $327 Million in Accumulated Positions This Year
June 6 — According to on-chain analyst Ai Auntie (@ai_9684xtpa), an entity affiliated with a16z has once again accumulated 90,091 HYPE over the past 10 hours, valued at $5.238 million. For 2026 to date, this entity’s total HYPE accumulation hits 6.996 million tokens, with a combined value of $327 million and an average acquisition price of $46.85.
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Iran Claims Responsibility for Second Attack on US Fifth Fleet Base
June 6 (Local Time) – Iran’s Islamic Revolutionary Guard Corps (IRGC) released a statement Thursday (June 6) that at 1:30 a.m. local time, four unauthorized oil tankers “goaded and directed by the U.S. military” attempted to illegally exit the Strait of Hormuz, disregarding warnings from the IRGC Navy. After the guard’s alert, one tanker was intercepted while the remaining vessels turned back.
At 2:00 a.m. that same day, a U.S. drone fired on communication facilities in Iran’s Qeshm Island and Sirik Port, according to the statement.
In response to the U.S. military’s aggression, the IRGC Aerospace Force immediately launched ballistic missiles, striking a U.S. Air Force base in Kuwait and key facilities of the U.S. Navy Fifth Fleet in Bahrain.
The IRGC emphasized in the statement that it warned the enemy: “If such misconduct is repeated, a limited response will no longer suffice, and the enemy will have to bear the consequences of a complete halt to oil and gas exports through the St
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