News linked to both this project and an event.
According to on-chain analyst Ai Yi's monitoring, the privacy sector leader ZEC plummeted 43% in 24 hours, erasing nearly two months of gains. Garret Jin's short position worth $19.45 million has generated an unrealized profit of $16.48 million, with a return rate as high as 137.8%. The opening price was $626.47, and the current price is $327.59. The unrealized profit from this staggering trade is even approaching the amount needed to cover his unrealized loss in BTC ($18.14 million). He is now also the TOP1 account for unrealized profits in ZEC on Hyperliquid.
due to profit-taking in AI concept assets and a decline in market risk appetite, Bitcoin has fallen to around $62,000, down nearly 16% from its high of over $74,000 last week. Market analysts believe that if Bitcoin loses the $60,000 mark, its next key technical support level could be around $55,000. Additionally, U.S. spot Bitcoin ETFs have recorded net outflows for 15 consecutive trading days, totaling over $4.7 billion. Meanwhile, Strategy disclosed this week that it has sold Bitcoin for the first time since 2022, which has also dampened market expectations for institutional buying.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net inflow of $2.69 million yesterday, ending a 13-day streak of net outflows (totaling approximately $4.37 billion). BlackRock’s $IBIT saw a single-day inflow of $47.3 million, and Morgan Stanley’s $MSBT recorded an inflow of $9.87 million—making them the primary contributors. Meanwhile, ARK’s $ARKB experienced an outflow of $20.72 million, Bitwise’s $BITB an outflow of $15.57 million, and Invesco’s $BTCO an outflow of $12.65 million; all other products saw zero net fund flows.
according to Onchain Lens monitoring, due to the Orchard Pool vulnerability, ZEC fell below $400. The 3x leveraged ZEC short position of “1011 insider whale” Garrett Jin has a floating profit of over $13.5 million, while his 5x leveraged BTC long position has a floating loss of over $17 million.
According to The Block, blockchain analytics firm Chainalysis’ latest report states that as the gray-market peptide industry’s scale exceeds an annualized $100 million, leading suppliers are accelerating adoption of Bitcoin and stablecoins as primary settlement instruments. In Q1 2026, cryptocurrency inflows into this industry reached $32 million—a 159% quarter-on-quarter surge. Due to widespread bans imposed by traditional banks and credit card payment channels on prescription-grade compounds and unregulated substances, numerous Chinese chemical manufacturers have turned to cryptocurrencies for transactions, with high-value orders especially favoring stablecoins to hedge against price volatility risk.
Chainalysis has released a report stating that as demand for gray market peptide products (such as weight loss drugs like semaglutide) grows rapidly, related suppliers and buyers are increasingly using cryptocurrencies for transactions, with leading suppliers primarily relying on Bitcoin and stablecoins.The report shows that crypto funds flowing into this sector reached $32 million in the first quarter of 2026, a 159% increase from $12 million in the previous quarter, with the annualized scale already exceeding $100 million.Chainalysis points out that demand for peptide products is driven by trends in medical aesthetics, health and wellness, and the popularity of GLP-1 drugs. However, since these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict their transactions, prompting the market to shift towards crypto payments.The agency also noted that some leading suppliers have adopted more professional on-chain fund management methods. Particularly among suppliers with average single deposits exceeding $1,000, the proportion of stablecoins has significantly increased, likely to mitigate the risk of large supply chain orders being affected by crypto market volatility.
Zach Pandl, Head of Research at Grayscale Research, stated that the market experienced a new wave of volatility following Strategy's disclosure on June 1st of selling 32 Bitcoin. Although the sale is negligible compared to its holdings of approximately 840,000 Bitcoin (worth about $55 billion), this rare reduction move still impacted market sentiment.Pandl pointed out that the more noteworthy development is the performance of Strategy’s Variable Rate Preferred Stock STRC (Stretch). The product has a design target price of around $100 and currently offers a dividend yield of 11.5%. When the stock price falls below $100, it indicates that investors are demanding a higher rate of return, which may force the company to increase dividend levels. This would increase future cash flow pressure and potentially compel it to sell more Bitcoin for fundraising, further weighing on BTC prices. Strategy's leveraged Bitcoin reserve model is facing challenges. At current STRC and MSTR share price levels, the company's ability to continue large-scale Bitcoin accumulation may be constrained.However, Pandl noted that in the long term, the migration of Bitcoin holdings from highly leveraged digital asset reserve companies to more diversified corporate balance sheets will help enhance market resilience and improve Bitcoin's long-term value support. He expects Bitcoin to resume its upward trend in the coming months, but its near-term performance may lag behind crypto asset sectors that benefit more directly from regulatory clarity.
: According to Onchain Lens monitoring, a whale closed its HYPE long position at a loss of $2.047 million and opened a short position of 682 BTC with 40x leverage. The floating loss has now exceeded $680,000.
according to Lookonchain monitoring, today U.S. Bitcoin ETFs experienced a net outflow of 7,272 BTC, Ethereum ETFs saw a net outflow of 45,424 ETH, and Solana ETFs registered a net outflow of 71,897 SOL.
According to Lookonchain monitoring, BlackRock recorded a net outflow of 30,119 BTC (worth $1.92 billion) and 161,800 ETH (worth $320 million) over the past 10 days.
According to Hyperinsight monitoring, under the influence of HYPE’s continuous afternoon decline, a Hyperliquid whale fully closed its long position in HYPE, incurring a loss of approximately $1.52 million. This long position had previously reached $18.42 million.
According to Hyperinsight monitoring, among the largest whales currently holding short positions on Hyperliquid closest to the BTC liquidation price, the liquidation price for addresses holding $10 million is at $64,700. Additionally, two $1-million short positions opened today have liquidation prices near $64,500, and some addresses have stop-loss orders placed approximately $200 below their respective liquidation levels.
Ki Young Ju, founder of CryptoQuant, posted on platform X stating that the selling by Bitcoin OGs and old miners is essentially a process of absorption by traditional U.S. financial institutional investors and ETFs. He disagrees with the view that "Bitcoin lacks liquidity and cannot rise," pointing out that the key to asset value lies in who holds it.He believes that the institutional investors now holding Bitcoin could form a stronger demand base. Although the cyberpunk value of Bitcoin may be somewhat diluted in this process, the next round of upward movement will still arrive. As an investor, he remains bullish on Bitcoin and advises holding with patience.
According to data from Trader T (@thepfund), Bitcoin spot ETFs saw net outflows of $397 million yesterday, including $342 million out of BlackRock’s IBIT and $54.26 million out of Fidelity’s FBTC; all other products experienced no flows that day. This marks the 13th consecutive trading day of net outflows for Bitcoin spot ETFs, bringing the cumulative outflow to $4.37 billion.
according to monitoring by crypto analyst Ai Yi @ai_9684xtpa, trader Jason60704294 has closed his BTC long position at a stop loss near $66,000.Based on different position sizes, if his actual holding is the previously disclosed 281.789 BTC long position (valued at approximately $19.09 million), the loss from this trade is about $500,000; if his actual position is 3,076.88 BTC (valued at approximately $208 million), the stop-loss loss from this trade is approximately $5.467 million.
According to on-chain analyst PeckShield (@PeckShieldAlert), as the BTC price fell to approximately $63,000, the stablecoin apxUSD—backed by STRC as collateral—de-pegged, with its current price dropping to around $0.94, a decline of roughly 4.6%.
Odaily News, according to Onchain Lens monitoring, as the Bitcoin price fell below $63,000, the floating loss on the 5x BTC long position of whale Garrett Jin (the proxy of the “1011 Insider Whale”) has now exceeded $17 million.
according to on-chain analyst Yu Jin @EmberCN's monitoring, crypto asset management firm Abraxas Capital has sold a cumulative total of 2,469 BTC (approximately $166 million) over the past day or so, at an average price of approximately $67,210.Specifically, the firm transferred 1,469 BTC (approximately $98.45 million) to the Kraken exchange before withdrawing 22,710,000 USDC.
According to on-chain analyst EmberCN (@EmberCN), crypto asset management firm Abraxas Capital has sold a total of 2,469 BTC (approximately $166 million) over the past day and a half, at an average price of $67,210 per BTC. All transactions involved transferring BTC to Kraken and then withdrawing stablecoins. The most recent transaction involved transferring 1,469 BTC (approximately $98.45 million) to Kraken and withdrawing $22.71 million in USDC; the previous transaction occurred during last night’s market decline, when 1,000 BTC (approximately $67.49 million) were sold, followed by withdrawals of approximately $52.72 million in stablecoins (USDC + USDT).
According to on-chain analyst Yujin, the 116.3 BTC (worth $8.25 million) moved by Mt. Gox two days ago has all been transferred into the Bitstamp exchange as of yesterday.