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BlockBeats News, June 6th, BitDeer Mining Pool (B.TOP) founder Jiang Zhuo'er stated in a post that Bitcoin has not effectively dropped below the $60,000 strong support. The price difference between an exchange is shrinking, indicating that the selling pressure from ETFs and other US stock institutions is decreasing. There may be a rebound in the crypto market over the weekend. Yesterday, Jiang Zhuo'er announced that he had "bought the dip" and repurchased all his ETH holdings at $1645, expecting to start selling after a rebound in 1 to 3 days.

BlockBeats News, June 6th. Tonight is destined to be a sleepless night for stock and crypto investors. Impacted by the better-than-expected employment data, the U.S. stock market opened lower and quickly experienced a deep decline. As of press time, the downward trend has not stopped, with the Nasdaq falling by 3.00%. Several AI stocks that were previously hyped saw significant pullbacks. The crypto market is even bloodier. As expected, a familiar scene of liquidation and repositioning played out. However, tonight there were also multiple whales accompanying this: A whale who leveraged 104,772.57 WETH for a long position on-chain also experienced partial liquidation. It is worth mentioning that this whale was the same one who bought the dip during El Salvador's February sell-off. However, with the changing times, as this whale watched helplessly as their position was liquidated tonight, El Salvador was already lamenting on the shore about the astonishing speed of the market decline. In addition, during the on-chain whale liquidation, several well-known traders were bottom fishing and giving out signals. The most famous among them is the whale known as "Setting 10 Big Targets First," who opened a position at $60,153.8 per BTC, buying 2,835.32 BTC, worth $170 million. Killa is slowly accumulating with spot positions and low leverage. Ansem, on the other hand, advises users not to rush to bottom fish. The market is like an ocean, attracting all kinds of talents, with whales churning the waters. Some awaken during liquidation, while others accumulate during the bloodbath. True wisdom lies not in catching the bottom but in surviving through each cycle. Tonight, no one can escape the waves; tomorrow, only those who show reverence can continue to sail.

BlockBeats News, June 6th, Crypto KOL Ansem (@blknoiz06) suggested in a post that retail traders should avoid "catching falling knives" during a market crash. Compared to large cash buyers taking advantage of a forced sell-off to accumulate, retail investors catching falling knives are like standing in front of a steamroller, with very high risk. Retail investors should patiently wait for the establishment of the bottom after panic selling and the appearance of higher lows.