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After the crypto market plummeted, buying interest emerged at the bottom, with multiple whales and well-known traders adding to their positions against the trend in BTC and ETH.
After the crypto market plunged, buying interest at the bottom surged, with several whales and famous traders increasing their holdings of BTC and ETH against the trend.
BlockBeats News, June 6 — According to market data, Bitcoin briefly fell below $60k, the first time since October 2024, currently quoted at $61,091.
Ethereum dropped below $1,600, now quoted at $1,583, down 8.8% over 24 hours.
Next, three things need to be watched: whether related funds continue to flow in, whether on-chain trading volume and holdings keep expanding, and whether project teams or regulators provide new confirmation information.
A single piece of news can only indicate that sentiment has been ignited; subsequent data will determine whether it can develop into a trend.
Risks should also be considered: in the past 24 hours, the entire network experienced liquidations totaling $60k, including $1.83B in long positions and $372 million in short positions.
During the crypto market crash, several well-known traders bought the dip and issued buy signals.
$btc #eth # On-chain data #监管 # Blockchain