Trader AguilaTrades reduced a 20x BTC long position to $350 million, with an unrealized loss of $1.58 million.

On June 18th, based on HTX market data, Bitcoin has dropped below $104,000, and the 24-hour decline has expanded to 2.6%.

On June 18th, based on Coinglass data, in the event that Bitcoin drops beneath $103,000, the cumulative intensity of long liquidation on major CEXs will reach $702 million. Conversely, if Bitcoin surges above $106,000, the cumulative intensity of short liquidation on major CEXs will reach $612 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. Instead, the bars on the chart signify the relative significance of each liquidation cluster in relation to adjacent clusters, that is, the intensity.

On June 18th, it was made public that yesterday Tron disclosed plans to go public by means of a reverse merger with the Nasdaq-listed company SRM Entertainment, and a new company named Tron Inc. was formed. This transaction was mediated by the investment bank Dominari Securities. Although Eric Trump, the younger son of Donald Trump, clarified in a subsequent post that he would not hold any position in the new company listed through Tron's "reverse merger", both Donald Trump Jr., the elder son, and Eric Trump have financial links with Dominari Securities, the broker of this deal. According to a report by Forbes in April, both Trump sons joined the advisory board of Dominari Holdings, the parent company of Dominari Securities, which is based in Trump Tower. As a result, each of them was granted 750,000 shares in the company. At that time, these shares were valued at approximately $3 million. They immediately received 250,000 shares upon joining, and an additional 500,000 shares would be

BlockBeats disclosed that on June 18th, the U.S. Supreme Court summoned a hearing regarding Trump's global tariff policies. (Jin10)

June 18 - Trump made a large number of comments about the Iran-Israel conflict for approximately half an hour, which raised concerns in the market regarding the potential for the US to get involved in military actions against Iran. Trump posted, calling on Iran to "surrender unconditionally" and stating, "I know precisely where Iran's Supreme Leader Khamenei is hiding. For the time being, no action will be taken. Our patience is coming to an end. We now have full control over Iran's airspace." In addition, US officials indicated that the US military plans to send fighter jets to the Middle East and expand their deployment coverage in order to strengthen defenses during the Israel-Iran conflict. This news may have led to Bitcoin experiencing a drop of nearly $10,400.

BlockBeats news: On June 18th, Coinbase International is set to list perpetual contracts for HOME (Defi App) and SPK (Spark). The markets for HOME-PERP and SPK-PERP will commence on or after 9:30 AM (UTC) on June 19th, 2025.