Robinhood Teases July 2nd Event, Will Unveil Next-Gen Crypto Financial Products

On June 3, per monitoring by HyperInsight, when Ethereum briefly dipped below $1,900, the ETH long positions of the so-called "Big Brother Whale" Li Cheng Huang were partially liquidated four times within the past hour. He then executed six more partial liquidation operations to scale up his long position. Currently, he holds 600 ETH in long positions with 25x leverage, posting a floating loss of $35,000. Over the past week, his perpetual contracts alone have incurred a loss of $1.005 million.

On June 3, Goldman Sachs CEO David Solomon stated that the financial system has ample liquidity to absorb large initial public offerings (IPOs), adding that a shift in consumer behavior is likely to materialize in the second half of this year.

June 3, per Bloomberg sources, SpaceX has signaled it plans to raise at least $75 billion via an initial public offering (IPO) through a new share issuance. The company is targeting a $1.75 trillion valuation for its U.S. IPO, a figure that includes the greenshoe option.

As of June 3, Coinglass data reports total liquidations across the entire crypto network over the past day reached $1.252 billion. Long position liquidations stood at $1.129 billion, while short position liquidations totaled $0.123 billion.

June 3: U.S. Secretary of State Mike Pompeo said the war in Iran is over. (Financial Times)

On June 2nd, as Bitcoin tumbled sharply today, several crypto market participants have shared their perspectives on the current market conditions. Renowned Bitcoin analyst PlanB predicted there’s a greater than 50% chance Bitcoin will drop below $61,000, adding that the odds of it falling to $53,000 or lower are also over 50%, implying further downward pressure may lie ahead. Crypto KOL Quindecimus Peak stated, “Automated trend indicator alerts show Bitcoin’s 3-day moving average has entered a new downtrend, marking the start of a fresh round of declines in this bear market, with a target bottom of $42,000 to $44,000.” The top performer on Binance’s real-account futures leaderboard, 0xPickleCati, posted in their personal channel: “Speak of the devil. Don’t try to catch a falling knife in a bear market; in a few months, you might find there’s no bottom at all.”