Liquidations History

Bitcoin Ahr999 Index

Bull Market Escape Index

Grayscale Holdings

Grayscale Premium

ETFs Premium/Discount

MicroStrategy's Avg Bitcoin Cost

Bitcoin Long Term Holder Supply

Liquidation Map

Grayscale Premium

FAQ - Grayscale Premium

💱 Grayscale Premium History FAQ - What is the Grayscale premium, and how should it be interpreted?

Indicator Description: The Grayscale Premium represents the price difference between Grayscale trust products (e.g., GBTC) traded on secondary markets and the net asset value (NAV) of the underlying crypto assets. Premium Rate = (Secondary Market Price - NAV) / NAV In the chart: 🔵 Blue = NAV or intrinsic value of the asset (primary market) 🟦 Cyan = GBTC’s actual trading price (secondary market) 🟡 Yellow = Premium rate (positive or negative)

Interpretation: ➕ Positive premium → Investor optimism, high demand for GBTC ➖ Negative premium → Market discounting, potential structural or sentiment-related concerns 🚨 Deep discounts (e.g. -30%) → May signal arbitrage opportunity but often come with systemic risk

Use Cases: 🧠 Gauge market confidence in institutional investment vehicles 💡 Identify extreme discount conditions for potential long-term entries 📊 Combine with holdings and ETF indicators to understand broader institutional behavior

Daily report

2025-06-11 Report

📅 June 11, 2025｜Crypto Research Brief

Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: [17,411]

Exchanges: [1,281]

Total Market Cap: [US$3754 B] 1.7%📉

24-Hour Trading Volume: [US$140.18 B]

[BTC 61%📈 ETH 9.4%📈]

Gas: 1.62 GWEI

Altcoin Season Index: [31]

Fear & Greed Index:[68]

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $254.4 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

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Divergence Between U.S. Institutional and Retail Investors Resurfaces

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According to the latest trading data from Goldman Sachs, after heavy selling and shorting in April, hedge funds have now entered a full-blown panic buying mode. Last week marked their fifth consecutive week of net buying U.S. equities, with long positions outpacing shorts by approximately 3 to 1. While hedge funds are “chasing the rally” in U.S. stocks, retail investor enthusiasm in Asia is cooling. Korean and Japanese retail investors have turned to short-selling, while buying activity in Singapore has dropped sharply.

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Official data released on Tuesday showed that South Korean retail investors became net sellers of U.S. stocks in May for the first time, while Japanese accounts turned net sellers of U.S.-listed ETFs. In Singapore, the number of traders buying U.S. equities in May fell by one-fourth compared to the previous month.

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The tokenization of US stocks is heating up again. Which on-chain platforms support trading US stocks?

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Recently, the lines between “crypto” and “U.S. stocks” have increasingly blurred. On one hand, U.S.-listed firms like SharpLink and GameStop have seen stock surges after embracing crypto assets. On the other, crypto companies are going public—most notably Circle, which closed its first trading week at $107.7, up 247% from its IPO price of $31. BitMEX co-founder Arthur Hayes even suggested Circle’s debut could spark a wave of crypto IPOs. As excitement builds, on-chain trading of U.S. stocks is quickly becoming a hot trend.

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Learn more 👉https://en.theblockbeats.news/news/58527

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Ethereum ecosystem tokens see broad gains, with UNI surging 23.4% in 24 hours

2.Silhouette, a privacy execution layer based on Hyperliquid, completes $3M Pre-Seed funding round led by RockawayX

3.Ethereum Foundation releases the 1TS “Security Challenges Overview” report

4.SlowMist’s Cosmos: Stolen assets from Alby wallet have been recovered

5.HYPE surpasses $42, hitting a new all-time high