Robinhood has launched JTO

On June 9, the Chief of Staff of the Israel Defense Forces (IDF) stated that the IDF is prepared to immediately return to combat with Iran at any moment. The recent strikes on Iran represent a prelude to an even stronger and more severe blow. (Golden Ten)

On June 9, a Bitfinex analyst published a report noting that Bitcoin has shifted from the "accumulation phase" — which fueled its recent price rally — into a "distribution phase." Data highlights that after robust buying pressure between April and May, the spot volume delta has swung sharply negative, signaling early market entrants are steadily selling off during the current weak period, rather than holding or adding to their positions. The analyst added that short-term holders’ average cost basis has fallen below the market’s true average of $77,800, meaning a large portion of recent capital inflows are now sitting at unrealized losses — adding fresh selling pressure every time prices rebound. Bitfinex noted in the report: "Both on-chain and fund flow data confirm the current market is leaning toward a distribution-driven phase, rather than a classic panic bottom." The exchange stated that until spot demand makes a meaningful recovery, the broader market will stay in a defensive pos

On June 9, HTX market data shows Bitcoin dipped below the $62,000 mark, currently trading at $61,997, posting a 2.69% drop over the past 24 hours.

June 9 figures from Coinglass show that if Bitcoin falls below $60,000, cumulative long liquidation intensity on major centralized exchanges (CEXs) will hit $823 million. Conversely, if Bitcoin climbs above $64,000, cumulative short liquidation intensity across the same platforms will reach $981 million. BlockBeats Note: The liquidation chart does not display the exact count or precise value of contracts set to be liquidated. The bars on the chart instead represent the relative importance of each liquidation cluster compared to neighboring clusters—this "intensity" is the key metric here. For this reason, the chart illustrates how much the underlying asset’s price will be impacted when it hits a specific level. A taller "liquidation bar" means reaching that price threshold will trigger a stronger reaction due to a liquidity cascade.

On June 9, U.S. Energy Secretary Wright said vessel traffic through the Strait of Hormuz is surging.

June 9 update: According to CNBC, JPMorgan Chase will deploy a more powerful AI agent later this year.