News

According to data from the China Passenger Car Association on June 3, the wholesale volume of new energy vehicles in May was 1.365 million units, up 11% compared to the same period last month; retail sales reached 974,000 units, up 15% compared to last month. Furthermore, downstream production remains at a high level, with resilient demand providing some support for the market bottom. However, this week’s latest inventory data shows a drawdown of 730 tons for small samples and 1,340 tons for large samples, which may not meet expectations. Additionally, the ongoing increase in lithium carbonate warehouse receipts is putting significant pressure on the market. Market sentiment remains weak, and it is expected that lithium prices will continue to fluctuate at low levels in the short term. Attention should be paid to developments at the Jiangxi mining end.

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, 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