Axel Adler Jr.: Bitcoin rebound is a deleveraging rebound

Iran announced that the Bab al Mandab Strait, which accounts for 12% of global trade, has been completely closed due to Israeli airstrikes. （Watcher.Guru）

According to the PRO main order list, the total transaction data of BTC and ETH main players in the past 24 hours is as follows: BTC: Accumulated transaction volume of 925 million US dollars, including buy transaction volume of 424 million US dollars and sell transaction volume of 501 million US dollars, with a transaction difference of -76.5782 million US dollars ETH: Accumulated transaction volume of 621 million US dollars, of which 279 million US dollars were bought and 342 million US dollars were sold, with a transaction difference of -62.6524 million US dollars The latest data shows that the main players still have a layout in key price points: the net pending difference of BTC is 788 million US dollars; The net spread of ETH pending orders is $474 million. The main pending orders may withdraw or close at any time, and non PRO versions of the K-line cannot see its changes in real time. The PRO 'Main Large Order Tracking' indicator monitors every large pending order in real-time, helping you determine if this' wall 'is still there. Note: If the difference between pending orders is positive, it indicates that the main force is placing more limit orders than sell orders on the currency, and there are active takeover orders below the current price; If it is negative, the opposite is true, as there is a reserve of selling pressure above. The data is for reference only and does not constitute any investment advice.

According to Hyperliquid data disclosed by MLM, SpaceX predicts that the current market price is around $166 per share, with an implied valuation of approximately $2.15 trillion. Among 4528 traders, there are 3865 long positions and 663 short positions, with a long short ratio of 85:15. The open interest contract size is about 66.6 million US dollars, with a cumulative trading volume of over 450 million US dollars and 2.333 million trading units. Within three weeks, the number of transactions exceeded 917000. Out of 4528 holders, 1001 made profits, accounting for 22%; 3527 people suffered losses, accounting for 78%. The maximum short position is 27100 SPCX, valued at approximately 4.5 million US dollars; Cumberland holds 18700 SPCX short positions worth approximately $3.1 million.

QCP Capital reported that the South Korean KOSPI index plummeted 8.4% due to the cooling of AI trading and foreign capital selling semiconductor stocks, triggering a circuit breaker mechanism and putting pressure on global risk market sentiment. BTC temporarily held the $60000 mark after a significant pullback last week, but the cautious sentiment in the options market has not diminished, and the implied volatility of short-term options has increased, leading to an increase in demand for put options. QCP pointed out that factors such as US employment data, the USD/JPY returning above 160, the tense situation in the Middle East, and US CPI data have kept investors vigilant. This week's key events include June 10th US CPI data, June 11th PPI data, and June 12th SpaceX IPO.

Binance announced that it will remove the borrowing and staking services of XNO, IQ, QUICK, and DGB from 11:00 on June 12th (UTC+8), and automatically close and liquidate related outstanding orders. Starting from 18:00 (UTC+8) on the same day, all positions and position by position leverage will be removed from related trading pairs. During this period, users will not be able to update their positions or transfer related tokens. The relevant leverage assets in the unified account will be forcibly liquidated and converted into USDT. Binance recommends users to actively close positions, transfer back to spot trading, and supplement margin before delisting to reduce passive clearing risks.