The US Bitcoin and Ethereum spot ETFs saw net outflows again, with outflows of $325.7 million and $6 million yesterday, respectively.

June 6 — According to Onchain Lens, the whale known as "7 Siblings" has once again dropped $18.03 million to buy 11,759 ETH. The whale currently holds 10 million USDC, giving it ample capital to continue purchasing ETH. There’s a strong possibility this whale may even leverage up to scoop up more ETH in the coming days.

On June 6th, per monitoring from LookOnChain, a wallet associated with F2Pool co-founder Wang Chun withdrew 17,560 ETH from Binance over the past 16 hours, valued at roughly $28.67 million.

As of June 6, CoinGecko data shows Ethereum’s market cap has fallen to $182.7 billion, slipping below USDT’s $187.0 billion. This has pushed Ethereum into the No. 3 spot in global cryptocurrency market cap rankings.

June 6, per HTX market data, Bitcoin is currently trading at $59,769.84, marking a 5.20% 24-hour decline that pushed it below the $60,000 threshold. Ethereum stands at $1,524.44, down 11.87% over the same period. Data from leading centralized exchanges (CEX) shows both BTC and ETH have firmly entered bearish territory, with Ethereum’s negative funding rate depth expanding far more sharply than Bitcoin’s. On the BTC side, funding rates across all platforms are below 0.005%, signaling a broad bearish trend and near-total absence of bullish momentum. For ETH, bearish signals are even more prominent: funding rates on every platform have turned negative, meaning short positions are paying substantial fees to long holders—clear proof of stronger bearish sentiment compared to Bitcoin. BlockBeats Note: Funding rates are exchange mechanisms for perpetual contracts, designed to align contract prices with their underlying asset values. This is a fund exchange between long and short traders (exc

June 6 update: Per monitoring by LookOnChain, a wallet tied to Ethereum co-founder Joseph Lubin moved 80,001 ETH after more than three years of inactivity, with the transfer valued at roughly $121.6 million. The wallet held a total of 243,300 ETH, worth around $370 million at the time.

June 6 — According to LookOnChain, BitMEX co-founder Arthur Hayes had previously announced publicly that he held long positions in ZEC, NEAR, and WLD. He later sold these assets near their local tops, disclosing that he had exited all his positions and switched to a bearish stance. Currently, the prices of ZEC, NEAR, and WLD have all fallen back to levels before Hayes made those public position announcements.