The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.

JPMorgan has raised its target for South Korea’s Kospi index, advising investors to add positions on dips while maintaining its highest exposure to the South Korean stock market. In a report, JPMorgan strategists noted: “This stems from our constructive view on artificial intelligence (AI) and the earnings of related hardware companies. Retail buying still has room for further growth.” The bank’s bull scenario target of 15,000 points indicates a 77% upside for the Kospi from Wednesday’s close of 8,471.02 points. JPMorgan also lifted its base scenario and bear scenario targets to 12,500 points and 8,000 points respectively. (Jinshi)

According to on-chain analyst Ai Yi (@ai_9684xtpa), the Hyperliquid whale who once shorted 16 altcoins and pocketed $13.68 million in profits has started selling ETH. Five hours ago, during the market rebound, he deposited 6,855.13 ETH tokens worth $11.02 million into Binance, an action suspected to be for sale. These tokens were accumulated between February and March this year at an average price of $1,991 each; selling them would incur a loss of $2.625 million.

According to HTX market data, Bitcoin has dropped 3.13% over the past 24 hours, currently trading at $60,775. Strategy’s Bitcoin holdings are currently facing an unrealized loss of 19.7%, amounting to roughly $12.6 billion. As of June 21, Strategy holds a total of 847,363 Bitcoins, with a total cost of $64.1 billion and an average holding cost of $75,651 per Bitcoin.

According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.

According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.