Bitcoin (BTC) sees a slight rebound, trading around $62,948 as of June 8. Strategy CEO Phong Le refutes market rumors, stating clearly that the long-term goal is to continue accumulating Bitcoin. NVIDIA CEO Jensen Huang holds a press conference in Seoul, saying that AI-related stocks are currently very cheap.
Macro Events & Crypto Hot Topics
1、Strategy CEO Phong Le posted on X that the company’s long-term strategy is to continuously increase the size of its net Bitcoin holdings and the number of Bitcoins corresponding to each share, directly denying market rumors about selling down or cashing out. He emphasized that such messages are all unfounded rumors. Strategy founder Michael Saylor also once again shared information related to the Bitcoin Tracker. Based on prior patterns, Strategy always discloses information about adding Bitcoin on the second day after related news is released.
2、On June 8, NVIDIA CEO Jensen Huang said at a press conference held in Jongno District in Seoul, at the SK Seorin Building, together with SK Chairman Choi Tae-won: “If you are a shareholder of an AI company, you’ll feel happy, and in the future there may be more opportunities.” He added, “Its price is very low right now.”
News Updates
1、At the initial stage of its new rules, the Russian central bank only allows retail traders to trade Bitcoin, Ether, and USDT
2、JPMorgan: Strategy needs to rebuild its USD reserves to restore confidence; probability of passing the crypto bill this year is lower than 50%
3、A New York judge pauses the lawsuit over ownership of 39,000 Bitcoin wallets; a friend-of-the-court hearing will be held in July
4、Trump: An improving economy should not lead to rate hikes; the US has a debt problem and many other issues that need to be addressed
5、Trump: Unfreezing Iranian assets or lifting sanctions is not a precondition for an agreement
6、“The new stock god” Serenity: Jensen Huang strongly endorses Silicogray and memory; demand is “beyond imagination”
7、Michael Saylor again posts a message about the Bitcoin Tracker; this week may disclose accumulation data
Market Performance
1、Latest BTC news: <a data-currency='BTC' href='/trade/BTC_USDT'>$BTC sees a slight rebound, currently around $62,948; in the past 24 hours, $325 million has been liquidated, with long positions as the main focus;
2、US stocks plunged last Friday; the Nasdaq index fell 10.26%, the Taiwan index futures fell 3,006 points after hours, the largest drop in history; according to investment consultancy analysis, the market is worried that the AI feast will end early due to interest rates. Even though US stocks are overheated, it is not a bubble; Taiwan stocks will correct and consolidate in the short term. After a recent surge in technology stocks driven by the AI investment boom, selling pressure has emerged. In addition, concerns that the Federal Reserve (Fed) may raise interest rates caused the further selloff in US stocks last Friday. The Nasdaq index, led by technology stocks, fell 4.18%, while the Philadelphia Semiconductor index crashed 10.26%.
(Source: Gate)
3、In the Gate BTC/USDT liquidation map, using the current 63,071.60 USDT as the reference point: if it drops to around $62,096, the total liquidation amount for long positions will exceed $1.329 billion; if it rallies to around $68,216, the total liquidation amount for short positions will exceed $389 million. The liquidation amount for shorts is significantly higher than for longs. It is recommended to reasonably control leverage ratios to avoid triggering large-scale liquidations during market fluctuations.
(Source: Coinglass)
4、In the past 24 hours, BTC spot inflows were $2.72 billion, outflows were $2.37 billion, resulting in net outflows of $350 million.
(Source: Coinglass)
5、In the past 24 hours, contract trading net outflows led for $BTC, $ETH, $ZEC, $SOL, $CL , etc., indicating trading opportunities.
Selected Views from X KOLs
Phyrex Ni (@Phyrex_Ni): “The weekend was fairly calm, especially the $BTC price, which peaked at around $63,000 on Sunday, showing that ordinary investors are still quite interested in prices around $60,000. But after the market opens on Monday, it’s hard to say. In the daytime, it’s priced by Asian investors; at night, it’s priced by US investors. Now it’s no longer just a matter of 32 Bitcoins—US inflation rate-hike expectations have also been added.”
“Today $MSTR appears to have bought BTC again. I still believe this. I previously showed my friends the interview of @saylor. Although he is no longer ‘never sells,’ he also said he would not net sell out. For every BTC he sells, he will certainly buy back more. This time, the 32 Bitcoins are very likely just a test. After all, MSTR has plenty of cash on hand; it’s not short of this amount of money, and the buy order could very likely exceed 3,200 Bitcoins.”
“But even a 100x buy would not solve the market’s concerns about US inflation. If 32 Bitcoins are the incentive, then the expectation of rising inflation is the main reason investors would sell off—because US stocks are already falling. Over the weekend, we saw news that OPEC+ increased the July oil production quota, raising by 188,000 barrels per day, which is unlikely to ease market pressure. The key is still the situation on the Strait of Hormuz—whether it remains clear and navigable.”
“On Monday, a bunch of events will happen, especially the CPI on Wednesday. If the market remains bearish, the pullback in US stocks could even be larger than Bitcoin.”
Outlook for Today
1、China’s foreign exchange reserves at the end of May (in billions of dollars), prior value was 3410.55
