XRP hovered around $1.15 as the latest sell-off triggered a sharp derivatives shakeout, with one major venue showing a clear leverage reset. Bybit's XRP open interest slid to about $181 million, while Binance stayed near $246 million, leaving a stark gap in positioning. The move also featured repeated long liquidations above $3.5 million and heavy futures activity led by $1.85 billion in volume on June 5.

Bitcoin is trading above $62,000 after last week's sharp selloff, but an on-chain demand study argues the stabilization may be fragile. Combined spot and perpetual futures demand growth over 30 days has slid toward -650,000 BTC, a level seen only three times since 2019. Key price zones highlighted include $60,000–$63,000 support and $72,000–$74,000 resistance.

XRP is attempting to recover the $1.15 area after sliding to its lowest level since 2024 and briefly dipping to around $1.13. Arab Chain flagged an unusual Binance volume pattern: the XRP Volume Z-Score jumped to about 4.5 before quickly dropping to roughly -0.70, shifting activity from well above to below the 30-day average. The read-through is that the sharp selloff may have been driven by a short, intense burst of trading that then faded as the rebound began.

Ethereum has climbed back above $1,650 after last week's sharp drop. Arkham Intelligence data highlights a long-held wallet that sold about $188 million across ETH, wstETH, and WBTC before the slide, then repurchased those positions at lower average prices.

Bitcoin is pressing the $62,000 support area as sellers keep control and bulls defend a level tied to the prior cycle’s structural base. The report argues the correction is primarily a demand issue: US spot Bitcoin ETF flows turned negative, the Coinbase Premium stayed below zero, and Realized Cap fell from about $1.12 trillion to $1.08 trillion. It also notes more than $150 million in leveraged longs were liquidated between June 3 and June 4, while BTC trades around $62,500 after briefly dipping near $61,000.

HYPE stayed above $60 even as the broader crypto market sold off. Within an eight-hour span, several new wallets withdrew 557,406 HYPE (~$40.2 million) from Kraken and 180,000 HYPE (~$13.3 million) from Coinbase, with the Kraken tokens immediately staked. Arkham data also shows address 0x6436 has accumulated 761,357 HYPE (~$55.4 million) from exchanges over three days.

Bitcoin has faced heavy selling after a 16% drop since Monday, putting the $60,000 area in focus. The 30-day moving average of hashrate has also turned lower, and CryptoQuant analyst Woominkyu says the move can signal miner stress, though the current pullback remains modest versus past cycle-bottom events.

Bitcoin has slipped below $66,000, with the selloff testing support areas last seen near the start of this year's recovery. On June 2, CryptoQuant data showed the "STH Loss to Binance" metric at -16,400 BTC, the most negative reading since February 6, pointing to short-term holders exiting at a loss. The report also flagged broader exchange outflows and a key demand zone near $64,500–$66,500 as traders watch whether BTC can stabilize.

Bitcoin fell under $69,000 as heavier selling pressure coincided with a notable on-chain move tied to Mt. Gox. On June 2, 10,300 BTC left Mt. Gox-linked addresses within hours, while exchange reserves on Binance and Bitfinex rose, adding to near-term supply uncertainty.