PANews reported on June 6th that, according to Cointelegraph, Bitcoin's daily Relative Strength Index (RSI) has fallen to approximately 15.5, the lowest level since the March 2020 crash due to the pandemic, indicating that the market is extremely oversold. Historical data shows that similar levels occurred in 2020 and February 2026, followed by BTC rebounds of approximately 50% and 30%, respectively. Currently, after experiencing a drop of approximately 30% over the past month, Bitcoin is still holding the key support level of $60,000. Analysts believe that if this support remains effective, BTC may rebound to around $70,600 near the 20-day EMA in the coming weeks; if it falls below $60,000, it could further decline to the mid-$50,000 area. Furthermore, crypto analyst Scott Melker, citing Checkonchain data, stated that short-term holders have recorded the largest loss-making sell-off in history, while long-term holders have approximately 5.3 million BTC in a floating loss state, the highest level since March 2020. Melker believes that market sentiment has shifted from extreme optimism at the May highs to extreme pessimism in early June, and this "despair" often indicates that the market bottom is approaching.

PANews reported on June 6th that Barry Silbert, founder and CEO of DCG (Grayscale's parent company), stated in an article on the X platform that participants in the crypto market should not gloat over the decline in Zcash (ZEC) prices, but rather focus on improving their crypto assets' ability to withstand AI and quantum risks. He emphasized that instead of mocking the volatility of a single asset, it's better to learn risk management and technical protection to prepare for potential future market and technological shocks. Analysts believe that Silbert's comments highlight institutions' focus on the long-term resilience and security of crypto assets, while reminding market participants not to focus solely on short-term price fluctuations and ignore potential systemic risks.

Deep Tide TechFlow News, June 6th — According to HTX market data, BTC has fallen below $60,000, currently trading at $59,967.05, with a 24-hour decline of 5.92%.

Deep Tide TechFlow News, June 6 — According to official sources, Kraken announced it has listed a SpaceX-related target, SPCXx, via xStocks and opened an IPO Access subscription portal within the Kraken App. Users can view the price range, review relevant details, and submit subscription intentions before the subscription window closes.Kraken stated that this listing corresponds to "one of the largest IPOs in history."

PANews, June 6th - According to Bybit data, all three major U.S. stock indexes closed lower, with the Dow Jones Industrial Average down 1.43%, the Nasdaq Composite down 4.51%, and the S&P 500 down 2.49%. Cryptocurrency stocks generally declined, with COIN (Coinbase) down 6.51% and HOOD (Robinhood) down 6.53%.

PANews reported on June 6 that, according to OKX market data, BTC has just fallen below $60,000 and is currently trading at $59,950.00 per coin, down 0.80% on the day.

Deep Tide TechFlow News, June 05, the Korean KOSPI index opened down 372.6 points, or 4.31%, at 8266.81 points on Friday, June 5. Samsung fell 5%, and Hynix fell 7%. The Nikkei 225 index opened down 486.82 points, or 0.72%, at 66983.87 points on Friday, June 5. (Jinshi)

Deep Tide TechFlow News, June 5, according to HTX market data, BTC has dropped below $63,000 and is currently trading at $62,997.90, with a 24-hour decline of 4.68%.

PANews reported on June 5th that, according to The Block, a new report from Chainalysis shows that as the gray market for peptide compounds used for purposes such as weight loss and anti-aging explodes, leading sellers are turning to Bitcoin and stablecoins for transactions. In the first quarter of 2026, the value of cryptocurrencies flowing into this space increased by 159% quarter-over-quarter, reaching $32 million. Chainalysis points out that the annualized size of the peptide market has exceeded $100 million, with cryptocurrencies becoming a mainstay of payments as traditional banks and credit card institutions prohibit the trading of prescription-grade compounds. Leading sellers are demonstrating more sophisticated on-chain financial operations, typically relying on Bitcoin and stablecoins. Sellers with daily deposits exceeding $1,000 have stablecoins dominating their asset portfolios, possibly to mitigate price volatility in the crypto market. Chainalysis also found that as the number of buyers surged, spending on quality testing decreased by 88%, with some organizations accused of selling fentanyl shifting towards peptides.

PANews reported on June 5th that, according to The Block, on-chain vault management platform Plume has partnered with Ethereum liquidity restaking protocol Ether.fi to launch an interest-bearing RWA vault. Ether.fi has exclusively allocated $100 million to this vault. Funding sources include Ether.fi's liquidity providers and managed capital from its existing liquidity vaults. The new vault is directly accessible to users through the ether.fi app, aiming to allow ether.fi users to earn tokenized RWA yields.