Odaily News, Glassnode co-founder Rafael posted on platform X to analyze the recent trend of Bitcoin prices. He pointed out that Bitcoin is currently trading in the $62,000 range, down nearly 50% from its all-time high, with a 24% decline in the past month. The price has now broken through the upper range of his pricing framework and entered a valuation cluster zone where bottoms have historically formed.

Rafael further indicated that the market bottom cannot be confirmed in advance and can only be identified through probabilistic ranges and key price levels. Bitcoin has fallen below the breakeven line for median holders for the first time since December 2022, and is currently within a broader support zone: the median realized price is approximately $64,100, and the 200-week moving average is around $61,700. At this stage, the high-probability bottom range could be between $46,000-$54,000, while the $35,000-$40,000 area below that represents a rare "sell-off tail." Notably, the magnitude of cycle corrections is gradually diminishing: previous cycles saw drops of roughly 85%, 84%, and 77% from the peak, while this cycle has only declined about 50%. This suggests the high-probability bottom is more likely within the upper range, though extreme sell-offs cannot be ruled out.

Odaily reported that DWF Labs Co-Founder Andrei Grachev FF posted on X, stating that BitMine and Strategy could potentially cause the largest market crash in cryptocurrency history. He hopes this scenario does not materialize but advises you to consider your trading strategy if BTC drops to between $10,000 and $20,000.

Odaily reported that “New Stock God” Serenity posted on X platform, stating that although they had been emphasizing to retail investors and Swedish hedge funds the importance of Sivers (SIVE) to the Co-Packaged Optics (CPO) industry chain, the market had not fully taken this perspective seriously. After a large number of retail investors were shaken out of their positions, JPMorgan Chase seized the opportunity to significantly increase its holdings of Sivers shares, with this increase primarily coming from institutional funds. Currently, JPMorgan Chase’s stake in Sivers has rapidly risen from 0.4% last month to over 5% this month.

Odaily reported that the Islamic Revolutionary Guard Corps of Iran issued a statement claiming that at 1:30 a.m. local time today (June 6), "four violative oil tankers, incited and directed by the U.S. military, attempted to illegally exit the Strait of Hormuz without coordination and while ignoring the established warnings of the Revolutionary Guard Navy." After the Revolutionary Guard issued warnings, it intercepted one of the oil tankers, while the other violating vessels turned back. The statement said that at 2:00 a.m., a U.S. military drone opened fire on a communications facility on Iran's Qeshm Island and the port of Sirik. In response to the U.S. military's aggressive actions, the Revolutionary Guard's Aerospace Force immediately launched ballistic missiles, striking the U.S. Air Force base in Kuwait and important facilities of the U.S. Navy's Fifth Fleet in Bahrain. The statement emphasized that Iran warns the enemy, "If such evil acts are repeated, limited responses will no longer be sufficient, and the enemy will have to bear the consequences of a complete halt in oil and gas exports through the Strait of Hormuz." (CCTV Global News)

According to MSX.COM data, U.S. stock markets continued their decline, with the Nasdaq dropping 3.00%; Tesla (TSLA.O) fell over 5% intraday.

Odaily reported that according to data from MSX.COM, Micron Technology's stock price fell by 10.24%, dropping below $900 to $892.8 per share, with a total market capitalization of $1.01 trillion.

According to MSX.COM data, the Philadelphia Semiconductor Index once widened its decline to 7%, with Nvidia (NVDA.O) recently falling 4.5%, ASML (ASML.O) down 4.65%, and TSMC (TSM.N) dropping 5.22%.

Odaily reports that according to Hyperbot data, Machi Brother's long position was partially liquidated. His current remaining position is only a $229,000 ETH long position, with just $11,000 left in the account.

Odaily Odaily reports that the Boston Federal Reserve released a new study on Thursday stating that fundamental changes in the U.S. energy structure have completely altered the transmission path of oil price shocks to the domestic economy and reshaped the logic of the Federal Reserve's monetary policy. Currently, the Fed's mainstream inclination is to hold steady in the short term, watching for the subsequent impacts of the conflict. However, officials generally worry that a prolonged conflict could solidify high inflation, and some voices have already suggested the possibility of raising interest rates within the year. The Boston Fed's research provides support for this stance, arguing that even if rates are raised this time, the optimized economic structure would prevent the severe employment downside pressure seen in the past.

However, Morgan Stanley holds a distinctly different view, believing the current oil price increase is a short-term supply disruption and will not become the core driver for a Fed rate hike. Morgan Stanley predicts that inflation will gradually warm up in the second half of the year, the job market will experience volatility, and the Fed is likely to keep interest rates unchanged throughout the year, with rate cuts potentially beginning in 2027. (Jin Shi)