Large holders have stepped up activity in Ethereum, with a16z-linked and Bitmine purchases reported alongside additional staking by Sharplink. ETH was trading at $1,671.94 after a 1.09% daily drop and a decline of more than 20% over the previous month. ETF flows remained negative, with $346.39 million in outflows in June and $540.88 million in May. Supply distribution data suggests accumulation by the largest wallets and smaller cohorts even as some mid-to-large wallet groups reduced holdings, according to Santiment.

Strategy has moved from losses in 2022 to a position where its cash reserves and Bitcoin holdings exceed total debt by about $48 billion. The company’s Bitcoin stash has risen to 846,842 BTC, valued at $54.4 billion. The shift follows years of continued accumulation, including capital raised via debt and equity offerings to expand its holdings.

A new whale withdrew about $21.7 million from FalconX, including $14.4 million in Ethereum and $7.3 million in Hyperliquid. The positions showed an unrealized gain of roughly $400,000 within 24 hours. Separately, Arthur Hayes’ recent ETH trades ended in a realized loss after buying at $1,793 and selling at $1,690. Data from CryptoQuant suggests spot sentiment has shifted toward buyers, even as U.S. spot ETF institutional demand has turned negative.

Could DeFi’s rising leverage set the stage for another liquidation cascade. On-chain data show the leverage ratio has climbed even as the overall size of DeFi has contracted. The key question is whether borrowed positions can hold up if prices keep falling.

Bitmine, owned by Tom Lee, acquired an additional 25,000 Ethereum (ETH) from BitGo worth $41.09 million, bringing its three-day accumulation to 125,000 ETH valued at $206 million. The purchases came as ETH slid through June after trading near $2000 at the end of May and later reaching $1,661.50, while it was up 2.85% over the last day at the time of writing.

Average monthly trading volume across South Korea’s five major KRW exchanges fell from 125.2 trillion won to 98.1 trillion won in Q1 2026. The pullback was linked to a shift toward long-term holding, stronger domestic equities, and macro headwinds such as higher oil prices and interest rates. Policymakers are also weighing DABA Phase 2 rules, including potential caps and stablecoin issuance frameworks.

Bitcoin fell more than 2% over the past day and traded at $61,336.93 at press time, putting the $60K level back in focus. Over the last month it dropped more than 24%, sliding from about $82k in mid-May to roughly $61k at publication. On-chain data now shows growing capitulation signals, with CryptoQuant’s Supply in Loss (7D MA) moving above 50% for the first time since November 2022.

Metaplanet CEO Simon Gerovich said the company is evaluating common-share buybacks as a way to improve "BTC Yield" for shareholders, especially when mNAV is below 1.0x. The firm's Capital Allocation Policy was adopted on Oct. 28, 2025, when mNAV was 1.35x, while mNAV was reported at 0.939x at press time. Metaplanet reported holding 40,177 BTC valued at $2.5 billion, with its shares trading at 243 JPY after a 2.53% daily gain.

Grayscale introduced the Grayscale Hyperliquid (HYPE) Staking ETF (HYPG) on June 3 and said it has begun trading on Nasdaq. The product is designed to provide HYPE exposure while seeking staking rewards, and it debuts with a 0.29% sponsor fee—lower than other U.S. Hyperliquid ETPs. Data cited in the report put HYPE ETF assets at $192.01 million with a June 3 daily net inflow of $2.99 million, alongside HYPE at $72.79 after a 0.58% daily rise at publication time.