Serenity Calls Out LPK Again: Current Valuation Severely Underestimated, Total Potential Market Far Exceeds Previous Predictions

As of June 19th, Coinglass data shows two key liquidation trigger points for Bitcoin across major centralized exchanges (CEXs): If Bitcoin breaks above the $64,000 mark, the total value of short positions being liquidated on these platforms will hit $7.86 billion. Conversely, if Bitcoin drops below $62,000, cumulative long position liquidations on major CEXs will reach $6.55 billion. A critical note from BlockBeats: The liquidation chart does not display the exact number of contracts up for liquidation or the precise value of contracts being liquidated. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to adjacent clusters—this is what the chart defines as "intensity." Essentially, the chart illustrates how much a given price level will impact the market: taller liquidation bars signal a stronger price reaction (triggered by a liquidity cascade) when that price is reached.

On June 19, the Ark Invest Tracker indicated that Cathie Wood’s ARK Invest disclosed it had increased its Tesla holdings by 54,815 shares the previous day, a transaction valued at approximately $21.95 million.

On June 19, Ventuals announced its HIP-3 decentralized exchange (DEX) has been fully shut down, and vHYPE withdrawals are now live. The project processed roughly 380,775 HYPE from the full withdrawal queue at around 10 a.m. EDT the same day, with all pre-existing queued vHYPE withdrawals included in this batch. Ventuals advised all vHYPE holders to submit their withdrawal requests, confirming 100% of holders can redeem HYPE at a 1:1 ratio, plus all native staking rewards accrued since their initial deposits.

June 19th -- On-chain analyst Ai Auntie (@ai_9684xtpa) reports that an address linked to F2Pool co-founder Wang Chun is accumulating Ethereum (ETH) and Wrapped Bitcoin (WBTC). Over the past four hours, the wallet address 0xF42…f2b51 withdrew 7,650 ETH and 124.18 WBTC from Binance, totaling approximately $20.66 million. These assets have now been deposited into the Spark protocol.

June 19th — On-chain analytics firm ChainInfo reports a whale liquidated 1,105 Bitcoin (BTC) today, after holding the asset for roughly seven months. The position, valued at around $69.43 million at sale time, resulted in a realized loss of approximately $26.9 million. The whale had earlier withdrawn this batch of BTC from exchanges Binance and OKX to on-chain wallets between November last year and February this year, at an average purchase price of $87,181 per coin. All holdings were transferred back to Binance in a single move today, locking in that ~$26.9 million loss.

On June 19, IOSG Founding Partner Jocy posted that a token is essentially a form of debt, advising projects to “only issue tokens when absolutely necessary and delay issuance for as long as possible.” Based on IOSG’s internal analysis, between 2024 and 2026, the median total cost for projects to list on major exchanges is roughly $8 million, including structural costs like a security deposit. While this figure won’t apply to every project, it highlights a problem that flew under the radar during the last bull market: issuing a token isn’t the same as an exit—too often, it only amplifies future liquidity pressures. A project’s current fundraising valuation dictates what milestones it must hit over the next three years to uphold that valuation in the next market cycle. If those milestones can’t be met, the project shouldn’t seek additional funding.