News

On June 6, on-chain analyst @ai_9684xtpa reported that $168 million worth of ETH longs were liquidated again, with 10,117 ETH being liquidated. The total amount liquidated from last night to today has risen to 31,915.13 ETH. The latest liquidation prices are updated as follows: Address 0xc3f…931e4: borrowed 41,167.63 ETH, liquidation price $1,472.09; Address 0x34d…c4ac1: borrowed 31,537.7 ETH, liquidation price $1,458.78.

On June 6, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net outflow of $6 million yesterday.

BlockBeats News, June 6th - On-chain analyst Murphy stated in a post that BTC broke below the $60,000 integer mark yesterday, but the market loss did not deteriorate in line with the sentiment indicators. Currently, the 3-day moving average of the adjusted on-chain realized loss (EARL) is $1.13 billion, nearly half of the value on February 5th. He believes that this does not mean BTC will not continue to decline in the future, but the fact that EARL has not increased further in a lower price environment is a typical structure that signals a "bottoming expectation." If EARL represents the market's level of fear, STH-RUL (Short-Term Holder Relative Unrealized Loss) represents the psychological pressure faced by new investors. During the downtrend after entering a bear market, short-term holders usually experience a severe psychological limit pressure, and STH-RUL will exceed +5 standard deviations, corresponding to a systemic crisis. Subsequently, even if the price continues to decline, STH-RUL often does not surpass the previous peak, as the chips have completed turnover in the high loss range, new buyers have lower costs, and market pressure is being absorbed. Murphy believes that EARL and STH-RUL are currently giving a consistent signal that market panic is being digested rather than spreading. Despite price setting new lows, the loss indicators have not simultaneously set new highs, which is not a sufficient condition for a bottom. However, in history, true bottoms almost always have this characteristic. Bottoming is a process of repeated pressure and digestion until the chips complete turnover in panic, new buyers have low enough costs, and the price gradually loses momentum to continue falling.