If Bitcoin falls below $60,000, the mainstream CEX's cumulative long liquidation volume will reach $823 million.

June 9, according to Bloomberg, SpaceX’s IPO was several times oversubscribed.

On June 9, data from LookOnChain shows a large whale has increased its short position in the S&P 500 index to $147.6 million, generating $977,000 in realized profit so far.

June 9 – Per market data from Bitget, the U.S. storage sector pulled back, with Micron Technology (MU) declining 1.46%, Western Digital (WDC) dropping 1.6%, and Seagate Technology (STX) falling 1.82%. Turning to key upcoming economic data, the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports for June – scheduled for release this Wednesday and Thursday – are closely watched by market participants. Projections show the year-over-year growth rates of both headline (nominal) CPI and core CPI will accelerate further, hitting 4.2% (the highest level since June 2023) and 3% respectively. This outcome is stoking fears of a sharp shock to global financial markets.

June 9 — Lance Vitanza, an analyst at investment bank TD Cowen, has reiterated a Buy rating for MicroStrategy (MSTR), the Bitcoin treasury firm, with a $400 price target.

June 9: TD Securities expects the upcoming May U.S. Consumer Price Index (CPI) report will confirm inflation is cooling but remains stubbornly high. The firm forecasts May’s core CPI monthly rate to fall to 0.23%, while the annual core CPI stays flat at 2.8%. Headline CPI is projected to decline to a 0.4% monthly gain, lifting its annual rate to 4.2%. Looking at the subcomponent breakdown: Commodity prices are expected to rise 0.13% month-over-month in May, in line with the three-month average. Core goods excluding motor vehicles will make up the bulk of this increase, with categories like household products and clothing posting gains. Further declines in used car prices are anticipated to partially offset that rise. Additionally, continued pass-through from oil price shocks and tariff-related effects will push annual core inflation to around 3.0% in June. There is an upside risk to this forecast if aviation fuel costs feed into airline ticket prices more significantly than expected.

June 9 — Crypto reporter Eleanor Terrett reports that Republican members of the U.S. House Ways and Means Committee have unveiled six standalone bills, alongside a discussion draft, ahead of Wednesday’s 2 p.m. local-time cryptocurrency tax hearing. The proposals are crafted to systematically adjust the country’s cryptocurrency tax framework. The legislative package spans key areas including crypto donation rules, taxation of mining and staking rewards, mandatory reporting requirements, equal tax treatment for digital assets, voluntary disclosure mechanisms, and extending existing tax anti-abuse rules to cover the digital asset space. The separate discussion draft focuses specifically on cracking down on cryptocurrency tax avoidance through offshore structures, aimed at boosting regulatory constraints and compliance obligations. Committee leadership stated the bills are designed to bring clarity, fairness, and operational practicality to digital asset regulations, while upholding the