🚨 WHAT HAPPENED OVERNIGHT? 📅 June 8 to June 9 📈 @Bitcoin shows early signs of stabilization, currently trading in the $61,000–63,000 range. 📊 After strong selling pressure over the past weeks, selling pressure appears to be easing slightly. The key support zone around $60,000 has held so far. 📉 @Ethereum is currently trading between $1,600–1,750, remaining significantly weaker than just a few weeks ago. 💸 ETF outflows remain the dominant theme in the market. Last week, approximately $1.72 billion flowed out of U.S. spot Bitcoin ETFs—the largest weekly outflows in a long time. ⚠️ @BlackRock IBIT was once again the primary driver of outflows, recording nearly $1.34 billion in weekly net outflows alone. 🏦 Institutional investors remain cautious. Strong U.S. labor market data has dampened hopes for rapid interest rate cuts and weighed on risk assets. 📉 Liquidations on the derivatives market have significantly cooled compared to last week, suggesting the futures market has largely been cleared of excessive leverage. 🌐 A broad altcoin rally continues to be absent. Capital remains concentrated primarily in larger, more liquid projects. 🚀 Isolated strength is emerging in infrastructure and utility projects, while many small caps continue to lag behind. ⚖️ The combination of ETF outflows, high yields in the bond market, and uncertain interest rate prospects remains the key headwind for the crypto market. 📊 Market participants are now closely watching whether Bitcoin can establish a sustainable bottom above $60,000. 🔥 HIGHLIGHTS 💸 Bitcoin ETFs recorded weekly outflows of approximately $1.72 billion. ⚠️ BlackRock IBIT led the outflows by a wide margin. 📈 Bitcoin has so far successfully defended the $60,000 level. 📊 Selling pressure has slightly eased compared to last week. 🐺 WOLF MINDSET: The market is like a barbecue: Everyone talks about the perfect steak—but in the end, it’s the embers that matter. Many traders watch the candles. The wolf watches the fire beneath. Because it’s not the smoke that moves the market—it’s the heat. 🐺 Don’t miss a thing? Follow right away!