Odaily星球日报讯 CryptoQuant 创始人兼首席执行官 Ki Young Ju 于 X 发布本月数据汇总： -比特币仍处于牛市周期； -鲸鱼处于规避风险（risk-off）模式，减少期货合约头寸； -来自矿工和长期持有者的抛售压力； -负 Coinbase 溢价； -与交易员 4.7 万美元的入场价格差异； -ETF 和托管钱包缺乏新资金流入； -ETH 需求超过 BTC，可能预示着山寨币季早期到来。 整体而言，其仍保持长期看涨，但同时认为需避免过度风险。

Odaily星球日报讯 CryptoQuant 创始人兼首席执行官 Ki Young Ju 于 X 发布本月数据汇总：-比特币仍处于牛市周期；-鲸鱼处于规避风险（risk-off）模式，减少期货合约头寸；-来自矿工和长期持有者的抛售压力；-负 Coinbase 溢价；-与交易员 4.7 万美元的入场价格差异；-ETF 和托管钱包缺乏新资金流入；-ETH 需求超过 BTC，可能预示着山寨币季早期到来。整体而言，其仍保持长期看涨，但同时认为需避免过度风险。

CryptoQuant CEO：仍长期看涨比特币，但需避免过度风险

Odaily Odaily News CryptoQuant founder and CEO Ki Young Ju released this month's data summary on X: - Bitcoin is still in a bull market cycle; - Whales are in risk-off mode, reducing futures contract positions; - Selling pressure from miners and long-term holders; - Negative Coinbase premium; - $47,000 entry price difference with traders; - Lack of new capital inflows to ETFs and custodial wallets; - ETH demand exceeds BTC, which may indicate the early arrival of the Altcoin season. Overall, it remains bullish in the long term, but at the same time believes that excessive risks should be avoided.

Odaily Odaily News CryptoQuant founder and CEO Ki Young Ju released this month&#39;s data summary on X: - Bitcoin is still in a bull market cycle; - Whales are in risk-off mode, reducing futures contract positions; - Selling pressure from miners and long-term holders; - Negative Coinbase premium; - $47,000 entry price difference with traders; - Lack of new capital inflows to ETFs and custodial wallets; - ETH demand exceeds BTC, which may indicate the early arrival of the Altcoin season. Overall, it remains bullish in the long term, but at the same time believes that excessive risks should be avoided.

CryptoQuant CEO: Still bullish on Bitcoin in the long term, but need to avoid excessive risks

Author: Ciaran Lyons, CoinTelegraph; Translated by: Deng Tong, Jinse Finance
Bitcoin whales slowed down their trading activity over the past two days, just before the price of Bitcoin fell below $63,000.
According to data from Santiment, the total number of Bitcoin whale transactions (over $100,000) on June 23 was 9,923 in the previous two days, a 42% decrease from the 17,091 transactions recorded in the previous two days.
The change in whale behavior comes as the price of Bitcoin has risen from $64,...

BTC whale trading volume drops 42%, Bitcoin falls below $63,000

Odaily Odaily News Mechanism Capital co-founder Andrew Kang wrote on X: "I began to realize that this is the first cycle and complete bull market experienced by many cryptocurrency investors. Throughout the bull market, BTC's multi-day decline was very limited, limited to less than 20%, and many people seemed to have accumulated holdings in the last pullback in April. However, in the last cycle, the market often carried out leverage cleanup, resulting in a 30% to 60% retracement, evaporating hundreds of billions of dollars in total. Different cycles, different paradigms, but when people are too comfortable and believe that something is impossible, it is usually when disaster strikes. Although I am bearish, this is not to tell you to short the market or sell everything in the market. Be sure to pay attention to your risks and don't bet all your bets on a single transaction. If our volatility is greater than expected, you may suffer huge losses. "He added: "The current market environment reminds me of May 2021, not June 2021, let alone December 2020. At that time, we were used to only rising and competing for the buy the dips. We experienced a decline from 6.4 We had a big correction from $0.000 to $45k, but everyone expected a rebound. But the end result was that the bottom was all the way down. We held out hope; more retail investors were coming, $40k was strong support, super cycle, etc. The same is true in the current environment. It was all 9-10 months after the bullish momentum started. Except this time it was an Ethereum ETF, and the legendary trader was bullish. I believe GCR’s time frame is correct on a multi-year timeframe, and we will see BTC make new highs in 2025 (but not all Altcoin can do the same). This does not mean that the market will not experience extreme corrections on a few months timeframe. After all, the market will teach you how to be a person. "

Andrew Kang: Bitcoin may hit a new high in 2025, but we still need to be wary of extreme corrections in the next few months

Odaily Odaily News Bitfinex Alpha's latest report said that the current cryptocurrency market is in an uncertain state, with the daily, weekly and monthly charts close to the lows of the range, and the low time frame also showing a downward trend. The total outflow of the US spot Bitcoin ETF last week reached US$544.1 million, which was related to the unwinding of the basis/financing arbitrage, but still exacerbated the negative sentiment. However, the report believes that the market is currently in a wait-and-see mode. In the short term, it will either continue to be under pressure from the excess sales of BTC and lack any catalysts to drive the rise; or with the approval of the ETH ETF, market sentiment will spark and trigger a new round of positive sentiment. (Bitfinex)