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Analysis: Over Half of Bitcoin Holdings Are in Unrealized Loss, Historic Bear Market Bottom Indicator Triggered Again
BlockBeats news, June 4, according to Glassnode data, as Bitcoin once dropped to $61,300, the number of BTC in an unrealized loss state rose to about 10.5 million, surpassing the 9.8 million in profit for the first time and accounting for more than half of the circulating supply. This is the first time in the current cycle that loss-held positions have exceeded profitable ones.
Historical data shows that this indicator has only appeared during deep bear markets in the past, and has often corresponded with important market bottoms. Similar situations occurred during the bear markets of 2015, 2019, 2020, and 2022, though the duration ranged from one month to one year.
Meanwhile, Bitcoin's price touched the 200-week moving average at around $61,300, a position that has historically served as a key long-term support during previous bear markets. Analysts believe that if BTC falls below the $60,000 mark, the next significant support will be near the realized price of about $54,000, and Bitcoin has breached the realized price in all major past bear markets.
BlockBeats news, June 4, according to Glassnode data, as Bitcoin once dropped to $61,300, the number of BTC in an unrealized loss state rose to about 10.5 million, surpassing the 9.8 million in profit for the first time and accounting for more than half of the circulating supply. This is the first time in the current cycle that loss-held positions have exceeded profitable ones.
Historical data shows that this indicator has only appeared during deep bear markets in the past, and has often corresponded with important market bottoms. Similar situations occurred during the bear markets of 2015, 2019, 2020, and 2022, though the duration ranged from one month to one year.
Meanwhile, Bitcoin's price touched the 200-week moving average at around $61,300, a position that has historically served as a key long-term support during previous bear markets. Analysts believe that if BTC falls below the $60,000 mark, the next significant support will be near the realized price of about $54,000, and Bitcoin has breached the realized price in all major past bear markets.
Citi raises Oracle's target price to $330
The Bank of England injected a record 122.9 billion pounds in a single week; the balance sheet reduction process has created a liquidity gap, leading banks to compete for short-term funds.
- The Bank of England announced on Thursday that it allocated a record £122.918 billion in seven-day funds through its weekly short-term repo operations, surpassing the previous record of £114.888 billion set last month. The central bank is increasingly relying on short-term repo operations to provide reserves to banks, while gradually reducing its holdings of government bonds accumulated under the quantitative easing programme.
- From a market sentiment perspective, the record repo demand indicates that, as the central bank’s balance sheet reduction progresses, the banking system is facing increasing reserve pressure. The ongoing reduction of quantitative easing bond holdings is forcing financial institutions to turn to the central bank’s short-term liquidity tools to fill funding gaps, leading to a significant rise in market reliance on central bank funds.
- This dynamic reflects a structural transformation underway in the money market. The previously abundant reserve-driven accommodative environment is gradually giving way to the tightening pressure brought by balance sheet reduction. By proactively injecting liquidity into the market through short-term repo operations, the Bank of England is essentially acting as the lender of last resort during the quantitative tightening process, aiming to prevent excessive reserve tightening from triggering severe volatility in the money market.
- The Bank of England announced on Thursday that it allocated a record £122.918 billion in seven-day funds through its weekly short-term repo operations, surpassing the previous record of £114.888 billion set last month. The central bank is increasingly relying on short-term repo operations to provide reserves to banks, while gradually reducing its holdings of government bonds accumulated under the quantitative easing programme.
- From a market sentiment perspective, the record repo demand indicates that, as the central bank’s balance sheet reduction progresses, the banking system is facing increasing reserve pressure. The ongoing reduction of quantitative easing bond holdings is forcing financial institutions to turn to the central bank’s short-term liquidity tools to fill funding gaps, leading to a significant rise in market reliance on central bank funds.
- This dynamic reflects a structural transformation underway in the money market. The previously abundant reserve-driven accommodative environment is gradually giving way to the tightening pressure brought by balance sheet reduction. By proactively injecting liquidity into the market through short-term repo operations, the Bank of England is essentially acting as the lender of last resort during the quantitative tightening process, aiming to prevent excessive reserve tightening from triggering severe volatility in the money market.
According to Zhonglian Gold, the lithium carbonate 2609 contract opened lower and dropped sharply today, with a slight rebound at the close, ending with fluctuations. The lowest price was 157,600 yuan, the highest was 167,600 yuan, and the decline rate was 4.62%.
Citigroup Raises Oracle Price Target from $320 to $330
BlockBeats News, June 4th, Citigroup raised its Oracle price target from $320 to $330.
Barclays raised CrowdStrike (CRWD.O) price target from $650 to $675 and raised ASML Holding's price target from €1575 to €1900. (FX Street)
BlockBeats News, June 4th, Citigroup raised its Oracle price target from $320 to $330.
Barclays raised CrowdStrike (CRWD.O) price target from $650 to $675 and raised ASML Holding's price target from €1575 to €1900. (FX Street)
Trader Loracle Turns Bullish, Joins Longs on the Dip, HYPE Long Position Reaches $8.6 Million
BlockBeats News, June 4th, according to Hyperinsight monitoring, the former HYPE's largest short seller "trader Loracle" has recently shifted his overall position from short to long, and has accumulated long positions in HYPE, ZEC, WLD, TON, ASTER, NEAR, and XMR. Among them, the long position in HYPE remains his largest allocation, opened with 2x leverage yesterday, and continues to accumulate during today's price drop, with a scale reaching $8.6 million, and still increasing.
Loracle currently holds 892,500 HYPE spot tokens (valued at approximately $60.7 million), and after switching to long positions on the futures side, his HYPE exposure has completely shifted to a unilateral bullish exposure. Currently, except for XMR, the long positions in the other 6 coins have all incurred varying degrees of unrealized losses.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
BlockBeats News, June 4th, according to Hyperinsight monitoring, the former HYPE's largest short seller "trader Loracle" has recently shifted his overall position from short to long, and has accumulated long positions in HYPE, ZEC, WLD, TON, ASTER, NEAR, and XMR. Among them, the long position in HYPE remains his largest allocation, opened with 2x leverage yesterday, and continues to accumulate during today's price drop, with a scale reaching $8.6 million, and still increasing.
Loracle currently holds 892,500 HYPE spot tokens (valued at approximately $60.7 million), and after switching to long positions on the futures side, his HYPE exposure has completely shifted to a unilateral bullish exposure. Currently, except for XMR, the long positions in the other 6 coins have all incurred varying degrees of unrealized losses.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
U.S. mid-term Treasury bonds become favorites among institutions as the divergence between long and short-term bonds intensifies; Payden states that fiscal uncertainty dampens the appeal of long-term bonds.
- Payden Global CEO Antonella Manganelli stated that for investors who can withstand short-term volatility, U.S. Treasury bonds have investment value. The current yield levels once again offer attractive long-term returns, and if interest rates decline, there is potential for further upside.
- The institution believes that maintaining selectivity along the yield curve is necessary, remaining optimistic about the 5- to 10-year segment, which is currently the most attractive. Manganelli pointed out that they remain more cautious on the longest end of the U.S. yield curve, as this segment is more susceptible to U.S. fiscal uncertainty, high issuance demand, and fluctuations in forward premiums.
- From a trading psychology perspective, the market is pricing the short and long ends of the curve differently. Medium-term treasuries benefit from a clear path of rate-cut expectations and relatively controllable duration risk, while the long end faces the dual pressure of expanding fiscal deficits and increased debt supply. While investors pursue coupon income, they are actively avoiding ultra-long-term bonds with insufficient term premium compensation. Thus, curve steepening trades still have a logical foundation.
- Payden Global CEO Antonella Manganelli stated that for investors who can withstand short-term volatility, U.S. Treasury bonds have investment value. The current yield levels once again offer attractive long-term returns, and if interest rates decline, there is potential for further upside.
- The institution believes that maintaining selectivity along the yield curve is necessary, remaining optimistic about the 5- to 10-year segment, which is currently the most attractive. Manganelli pointed out that they remain more cautious on the longest end of the U.S. yield curve, as this segment is more susceptible to U.S. fiscal uncertainty, high issuance demand, and fluctuations in forward premiums.
- From a trading psychology perspective, the market is pricing the short and long ends of the curve differently. Medium-term treasuries benefit from a clear path of rate-cut expectations and relatively controllable duration risk, while the long end faces the dual pressure of expanding fiscal deficits and increased debt supply. While investors pursue coupon income, they are actively avoiding ultra-long-term bonds with insufficient term premium compensation. Thus, curve steepening trades still have a logical foundation.
Echo Protocol has fully restored its services on Aptos.
Foresight News reports that Echo Protocol has fully resumed services on Aptos, including lending, strategy, liquidity staking, Vault, and other related protocols. In addition, Echo stated that it has completed a security audit of all contracts deployed on Aptos (including administrator privileges), and found no potential contract-related risks.
Foresight News reports that Echo Protocol has fully resumed services on Aptos, including lending, strategy, liquidity staking, Vault, and other related protocols. In addition, Echo stated that it has completed a security audit of all contracts deployed on Aptos (including administrator privileges), and found no potential contract-related risks.
Bitget launches 2026 Global Anti-Fraud Month, focusing on trading security in the multi-asset era
Odaily reports that Bitget officially launched the 2026 Global Anti-Fraud Month campaign in June, themed “More Assets, Stronger Protection: Security in the Multi-Asset Era.” As crypto assets, tokenized stocks, AI, and related products converge on the same platform, users face security challenges far beyond those of the single asset era. This marks Bitget’s third consecutive year initiating this security campaign, aiming to help users enhance risk awareness in the multi-asset era.
According to Interpol, in 2025 financial fraud in global multi-asset markets led to losses exceeding $44.2 billion. As tokenized financial products rapidly enter mainstream trading environments, fraud methods have expanded from traditional phishing and disguised SMS to AI-generated scams, identity manipulation, and malicious smart contracts. Bitget CEO Gracy Chen stated that the financial system is becoming increasingly interconnected and users need support in better identifying risks.
During Anti-Fraud Month, Bitget will release a series of educational articles and video content, offering in-depth analysis of emerging scam trends in the AI and RWA sectors. In the later stages of the campaign, Bitget will collaborate with on-chain security organizations, RWA agencies, and AI industry partners to jointly publish anti-fraud reports related to multi-asset trading and AI financial risks, further expanding user protection and risk education coverage.
Odaily reports that Bitget officially launched the 2026 Global Anti-Fraud Month campaign in June, themed “More Assets, Stronger Protection: Security in the Multi-Asset Era.” As crypto assets, tokenized stocks, AI, and related products converge on the same platform, users face security challenges far beyond those of the single asset era. This marks Bitget’s third consecutive year initiating this security campaign, aiming to help users enhance risk awareness in the multi-asset era.
According to Interpol, in 2025 financial fraud in global multi-asset markets led to losses exceeding $44.2 billion. As tokenized financial products rapidly enter mainstream trading environments, fraud methods have expanded from traditional phishing and disguised SMS to AI-generated scams, identity manipulation, and malicious smart contracts. Bitget CEO Gracy Chen stated that the financial system is becoming increasingly interconnected and users need support in better identifying risks.
During Anti-Fraud Month, Bitget will release a series of educational articles and video content, offering in-depth analysis of emerging scam trends in the AI and RWA sectors. In the later stages of the campaign, Bitget will collaborate with on-chain security organizations, RWA agencies, and AI industry partners to jointly publish anti-fraud reports related to multi-asset trading and AI financial risks, further expanding user protection and risk education coverage.
Inventory drops to a new low since April, copper prices stabilize against the trend, and longs and shorts face off amid tariffs and geopolitical risks.
- London Metal Exchange three-month copper rose 0.1% to $13,832 per ton on Thursday, after previously dropping 0.9%. LME data shows that 23,475 tons of copper were withdrawn from warehouses that day, of which 18,975 tons came from the New Orleans storage hub in the U.S. On Wednesday, 2,600 tons had already flowed out from New Orleans and Kaohsiung warehouses, bringing the total inventory down to 379,975 tons, the lowest since April 2.
- Traders said the arbitrage window for moving metal from the LME to the U.S. COMEX exchange is now fully open, making LME warehouse warrant cancellations commercially reasonable. ING analysts pointed out that copper prices have pulled back from recent highs, and heightened tensions between the U.S. and Iran could suppress demand outlook. Price volatility is jointly driven by weakened growth expectations, rising energy costs, and profit-taking after tariff-driven gains. The U.S. Department of Commerce is expected to submit tariff recommendations on copper imports to the President by the end of the month.
- Low inventory provides substantial support for copper prices, and the expansion in warehouse warrant cancellations indicates the spot market is still actively securing deliverable supply. However, the prolonged duration of the Middle East conflict and uncertainties regarding possible U.S. copper import tariffs are dampening bullish willingness to push prices higher. The market is currently caught in a tug-of-war between supply reduction and concerns over demand.
- London Metal Exchange three-month copper rose 0.1% to $13,832 per ton on Thursday, after previously dropping 0.9%. LME data shows that 23,475 tons of copper were withdrawn from warehouses that day, of which 18,975 tons came from the New Orleans storage hub in the U.S. On Wednesday, 2,600 tons had already flowed out from New Orleans and Kaohsiung warehouses, bringing the total inventory down to 379,975 tons, the lowest since April 2.
- Traders said the arbitrage window for moving metal from the LME to the U.S. COMEX exchange is now fully open, making LME warehouse warrant cancellations commercially reasonable. ING analysts pointed out that copper prices have pulled back from recent highs, and heightened tensions between the U.S. and Iran could suppress demand outlook. Price volatility is jointly driven by weakened growth expectations, rising energy costs, and profit-taking after tariff-driven gains. The U.S. Department of Commerce is expected to submit tariff recommendations on copper imports to the President by the end of the month.
- Low inventory provides substantial support for copper prices, and the expansion in warehouse warrant cancellations indicates the spot market is still actively securing deliverable supply. However, the prolonged duration of the Middle East conflict and uncertainties regarding possible U.S. copper import tariffs are dampening bullish willingness to push prices higher. The market is currently caught in a tug-of-war between supply reduction and concerns over demand.