Bitfinex Report: Bitcoin Enters Distribution-Dominated Phase, Unrealized Loss Funds Create New Selling Pressure on Bounce

According to AXIOS: European diplomats say the U.S. and the U.K. are discussing holding a high-level meeting in London next week, with the meeting focusing on a potential plan to establish an international coalition to protect maritime shipping in the Strait of Hormuz.

Renowned trader Killa (@KillaXBT) stated in a post that Bitcoin’s cycle is accelerating. The previous cycle took just 476 days to rise from its bottom to a new all-time high (ATH), far faster than the two prior cycles. He forecasts this cycle will also hit a new high ahead of the next halving. Killa, a BTC-focused quantitative trader, accurately predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to long positions during the broad market sell-off on June 5.

Bloomberg cited a letter reporting that Qualcomm has informed its clients it can no longer absorb price hikes and will implement double-digit percentage price increases. Following the news, BIT (bit.com) market data shows Qualcomm’s decline narrowed, while Nvidia climbed 1.2% to hit a new daily high.

OpenAI CEO Sam Altman said he hopes the U.S. will lead in both open-source AI and proprietary AI models, adding that he "welcomes" the statement Nvidia’s CEO made on social media regarding the open letter jointly issued by over 20 U.S. tech companies.

Jensen Huang, after posting his debut on X, is currently adding accounts to his follow list. As of press time, Huang follows 35 accounts, six of which are part of NVIDIA’s official account matrix. The rest focus on CEOs of major tech firms and U.S. venture capital leaders, with an emphasis almost entirely on the AI infrastructure ecosystem. The accounts fall into five categories: First, AI-native companies and model ecosystem leaders, including Sam Altman of OpenAI, Dario Amodei of Anthropic, Demis Hassabis of Google DeepMind, Arthur Mensch of Mistral AI, Clem Delangue of Hugging Face, and Aravind Srinivas of Perplexity. Second, CEOs of global tech giants, such as Satya Nadella of Microsoft, Sundar Pichai of Google/Alphabet, Tim Cook of Apple, Andy Jassy of Amazon, Mark Zuckerberg of Meta, and Michael Dell of Dell. Most of these firms are key players in AI computing power, cloud services, end devices, or enterprise AI. Third, investment and startup ecosystem figures, including a16z, Marc Andreessen, Ben Horowitz, Garry Tan of Y Combinator (YC), and Gavin Baker of Atreides. Fourth, chip and hardware industry partners, such as Lip-Bu Tan of Intel and Cristiano Amon of Qualcomm. Though small in number, these represent key nodes in the semiconductor supply chain that both compete and intersect with NVIDIA. Fifth, enterprise software and security infrastructure players, including Palantir, George Kurtz of CrowdStrike, Marc Benioff of Salesforce, Bill McDermott of ServiceNow, and Arvind Krishna of IBM. These firms align with AI use cases in government and enterprise, data, security, and process automation.

According to multiple sports media outlets, 41-year-old NBA superstar LeBron James has finally decided to join the Philadelphia 76ers. The event has remained highly popular on prediction markets. Data from Predict.fun shows that the probability of James joining the 76ers was only 7.8% earlier, and has now reached 99%.