According to CryptoQuant data, the number of Bitcoin inflows into trading platforms with holding periods of 3-6 months and 6-12 months has significantly increased, and the recent peak inflow is one of the largest in history, both occurring during periods of Bitcoin price decline. The large inflows of old holders are usually accompanied by selling activities, which may put pressure on market supply. Data shows that Bitcoin is trying to hold onto the key support area of $60000 to $62000. Although a short-term rebound has begun, market structure and on chain activity indicate that bulls still need to work hard to confirm a trend reversal.

According to Whale Alert monitoring, Circle issued another 250 million USDCs on Solana at 16:53 today (UTC+8), accumulating 500 million USDCs in about half an hour.

Cryptocurrency market analyst Axel Adler Jr. stated that the market sell-off last Friday (June 5th) resulted in a net order volume of -236 million US dollars, and Bitcoin prices hit a low of 60500 US dollars. On June 7th, active buying returned, with a net order volume of $620 million within 8 hours. On June 8th, it increased by another $320 million, and the price rebounded by 3.7% to $62700. Despite the price increase, open futures contracts decreased from $1.65 billion to $1.55 billion, with funding rates fluctuating between 0.001 and 0.02. Axel pointed out that this rebound is a deleveraging rebound, and the confirmation of trend reversal requires the rebound of open interest contracts.

The onshore Chinese yuan closed at 6.7844 against the US dollar at 4:30 pm on June 8th, down 132 points from the previous trading day.

Monarq and DV Chain kick off trading in CME's bitcoin volatility index futures. What to know : CME Group has launched bitcoin volatility index futures tied to the CME CF Bitcoin Volatility Index, allowing traders to speculate directly on expected four-week BTC price swings. Monarq and DV Chain executed first block trades last week. The new contracts let investors trade and hedge volatility itself, rather than bitcoin’s price direction, enabling strategies around events such as U.S. inflation data releases.