News linked to both this project and an event.
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.
Odaily reports, according to monitoring by crypto analyst EmberCN (余烬), the 116.3 BTC transferred by Mt. Gox two days ago were all moved into the Bitstamp exchange yesterday, valued at approximately $8.25 million.Previously, a Mt. Gox-related address had transferred 10,423 BTC to a new address and moved 116.3 BTC to a hot wallet.
According to OnchainLens monitoring, the whale "pension-usdt.eth" has fully closed its Bitcoin short position, realizing a profit of $3.56 million. Subsequently, the whale opened a new 3x leveraged short position of 50,000 ETH, with an opening value of approximately $89 million. The position is currently showing an unrealized profit of over $4.5 million, bringing the total profit to over $39.6 million.
according to Lookonchain monitoring, pension-usdt.eth has closed a short position of 1,400 BTC (worth $93.86 million) with a profit of $3.32 million. This trader previously achieved 21 consecutive winning trades with total profits exceeding $36 million, and subsequently turned to shorting 50,000 ETH (worth $92.68 million) with 3x leverage. The ETH short position is currently showing an unrealized profit of $1.07 million.
According to Lookonchain monitoring, a whale purchased 401 BTC at an average price of $66,957, worth $26.86 million.Previously, on January 16, this whale bought 81 BTC at $95,423, worth $7.73 million, and later sold them on February 23 at $64,243, incurring a loss of $2.5 million.
: Bitcoin critic Peter Schiff posted on the X platform, stating that the current Bitcoin market is overly optimistic and still far from a true bottom. If Bitcoin falls below the $50,000 mark, the price could quickly drop further to under $20,000, thereby shaking the confidence of long-term holders and triggering larger-scale sell-offs.Peter Schiff also stated that the market needs to monitor whether the decline in Bitcoin could be a precursor to a broader adjustment in risk assets. If Bitcoin's decline is confined to the crypto market, it may be due to industry-specific factors. However, if it simultaneously impacts risk assets like stocks, it could signal the accumulation of deeper macroeconomic risks. In such a scenario, investors might shift back to gold, cash, and other traditional safe-haven assets.
According to on-chain analyst Onchain Lens (@OnchainLens), as the market declined, the 3x BTC short position held by the whale “pension-usdt.eth” has generated a floating profit exceeding $3.2 million, and the whale has begun closing this position. Meanwhile, the whale has opened a new 3x ETH short position, and its size continues to increase.
Lance Vitanza, an analyst at TD Cowen, an investment bank with $15 billion in assets under management, reaffirmed a Buy rating for Strategy (MSTR), a Bitcoin treasury company, with a price target of $400.
According to on-chain analytics platform Lookonchain (@lookonchain), a trader has won 23 consecutive BTC trades over the past three days, accumulating profits of $1.23 million. Subsequently, the trader opened a new 20x-leveraged short position on 1,040 BTC, with a position size of approximately $70 million. This position is currently at a loss of $874,000, and its liquidation price stands at $70,084.90.
Bitget has launched a new edition of CandyBomb with a total prize pool of 28,000 UNITAS tokens. This campaign is exclusively for new futures trading users. Eligible users can earn up to 280 UNITAS tokens per person by completing net deposit and designated cryptocurrency futures trading tasks. Detailed rules are available on the official Bitget platform. Qualified users must click “Join Now” to register before participating. The campaign ends on June 9 at 18:00 (UTC+8).
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net outflow of $519 million, marking the 12th consecutive day of net outflows and bringing the cumulative outflow to approximately $3.97 billion (roughly 62,000 BTC). Among them, BlackRock’s IBIT saw a single-day outflow of $389 million; Grayscale’s GBTC recorded an outflow of $83.51 million; and Fidelity’s FBTC registered an outflow of $45.14 million. Morgan Stanley’s MSBT was the only ETF with net inflows on the day, recording $14.77 million in inflows.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded a net outflow of $90.14 million: BlackRock’s $ETHA saw an outflow of $44.27 million, Grayscale’s $ETH (mini) an outflow of $25.41 million, and Fidelity’s $FETH an outflow of $15.63 million; all other products experienced no fund flows. Meanwhile, BlackRock’s Bitcoin ETF $IBIT recorded a net outflow of 6,164 BTC (approximately $440 million) on the same day—its 11th consecutive day of net outflows—with a single-day trading volume reaching $2.2 billion.
According to on-chain analyst PeckShield (@PeckShieldAlert), Strategy sold 32 BTC (average price: $77,135, totaling approximately $2.5 million—0.0038% of its 843,000-BTC holdings) for capital allocation, and concurrently sold 801,994 common shares, raising roughly $128.3 million. This move symbolically broke its “never sell” principle, triggering market volatility: sUSDat—a staked stablecoin fully backed by digital credit (STRC)—briefly dropped nearly 7% to below $0.93 before rebounding to $0.98.
10x Research (@10xResearch) published a post stating that the primary driver behind Bitcoin’s latest downturn is macroeconomic forces—not quantum computing threats or AI-driven sentiment fluctuations, both of which are mere noise. The market is digesting expectations that MicroStrategy is shifting from accumulation to selective selling; its most recent $2 million BTC sale was a probing move—part of a managed sell-down rather than a forced liquidation, a distinction critical in nature. MicroStrategy currently holds 843,706 BTC, corresponding to approximately $2.22 billion in debt and preferred stock obligations. Its equity value would hit zero at a BTC price of roughly $26,000—a threshold closely monitored by institutional risk managers. 10x Research notes that the market remains in the process of forming a bottom, though a new bull market will inevitably arrive. After each bull cycle ends, “evangelists” exit the stage in various ways; a new bull market requires fresh faces and new narratives to attract new buyers.
according to analyst Ai Yi's monitoring, Jason60704294's screenshot shows he currently holds a long position of 281.789 BTC, valued at $19.09 million, with an entry price of $67,777. Based on large transactions at the same price on Binance during the same period, his actual position is estimated to be 3,076.88 BTC, worth $208 million. Additionally, between May 28 and June 2, he opened short positions on 2,739 BTC, profiting $3.308 million.
According to on-chain analyst Yujin (@EmberCN), crypto asset management firm Abraxas Capital transferred 1,000 BTC (approximately $67.49 million) to the Kraken exchange approximately 7 hours ago. It subsequently withdrew roughly $52.72 million worth of stablecoins (USDC + USDT) from Kraken, suggesting the sale has been completed.
According to on-chain analyst Onchain Lens (@OnchainLens), as the market declines, Garrett Jin’s 5x leveraged long position of 1,268 BTC is currently underwater by over $11.5 million.
Odaily reports: The 5x long position of 1,268 BTC held by Garrett Jin, the agent of the “1011 Insider Whale,” currently has an unrealized loss exceeding $11.5 million.