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BlockBeats News, June 4th, according to Onchain Lens monitoring, a whale re-entered the market after 4 months of dormancy, lending out 10 million USDT and buying 5589 ETH at an average price of around $1789 per ETH.

BlockBeats News, June 4th, according to market data, this round of decline saw a rare occurrence where Bitcoin's loss percentage was greater than that of altcoins. Bitcoin Dominance (BTC.D) dropped by 4.85% in 10 days, now standing at 57.77%. Altcoin Dominance (OTHERS.D) rose by 14.68% during the same period, now at 8.69%.

The ongoing escalation in the Middle East is triggering significant volatility in global risk assets. Iran has threatened to block the Strait of Hormuz, while Israel has issued a tough response, rapidly pushing up safe-haven sentiment. Oil and gold surged sharply, but the crypto market experienced a stampede-style decline. Data shows that in the past hour, total liquidations across the network have exceeded $900 million, and the cumulative liquidation amount over 24 hours has soared to $4.2 billion, with long positions suffering the most brutal clear-out of the year. Meanwhile, institutional funds have also started to withdraw notably. On-chain data reveals that Mt.Gox has once again transferred over 10 thousand BTC; BlackRock moved 6,005 BTC onto an exchange; Abraxas Capital also trimmed about 2,469 BTC, further intensifying market selling pressure. Technically, BTC has officially broken through the key 63,000 US dollar support level, and the four-hour bearish structure is continuing to expand. Funding rates have quickly dropped from 0.01% to 0.0015%, indicating that market pricing power has returned to the bears. However, capital flows within the market are beginning to diverge. According to Hyperliquid data, HYPE's open interest has risen to $1.594 billion, now second only to BTC. Driven by active perpetual oil trading recently, some whale funds are continuously flowing into HYPE. Short-term focus areas: • BTC resistance zone: 64,000—64,500 USDT • BTC key supports: 61,000 / 58,000 USDT If BTC rebounds above 64,000 and then stalls with heavy volume, there will still be a bias towards short opportunities in the near term. If it fails to hold 61,000, the market could see an expansion of cascading liquidations. At present, event-driven trades with rapid entry and exit are more suitable than high-leverage, heavy-position gambles.