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Weekly Recap Research

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Strategy Sells 32 BTC Worth $2.5 Million, Spends Strc Preferred Stock Dividend

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Michael Saylor's company, Strategy, sold 32 BTC of Bitcoin between May 26—31, worth about $2.5 million, at an average price of about $77,135 per BTC to use for dividend payments to permanent preferred shareholders. STRC, or “Stretch,” was the first net Bitcoin sale officially disclosed by the company in years after Strategy. It is known as a company that has always adhered to the long-term approach of accumulating and holding Bitcoin.

Although this Bitcoin sale will receive a lot of attention from the market and the crypto community, it is considered to be relatively limited. As of the end of May, the company has a total of 843,700 BTC in its possession, with 32 BTC sales accounting for only about 0.0038% of the total portfolio. Meanwhile, Strategy's shares fell by around 6% after the disclosure. Bitcoin's price weakened below the $71,500 level amid pressure from market factors and geopolitical uncertainty.

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The CLARITY Act goes one step further, entering the Senate calendar, winning the biggest financial bill since Dodd-Frank in 2010.

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The Digital Asset Market Clarity Act, or CLARITY Act, was placed on the agenda of the US Senate on June 1, 2026, as another major development of digital asset regulation in the US, with the aim of establishing a clearer regulatory framework, particularly the division of powers between the SEC and the CFTC, an issue that the crypto industry faces. The debate has continued throughout the years.

One of the key issues that remains under debate is the return of stablecoins, with the banking sector worried that consumers might move money out of deposit accounts to hold higher-yielding stablecoins, while the crypto industry side sees it as an attempt to maintain the advantage of the traditional financial system. Faryar Shirzad, Coinbase's policy executive, stated CLARITY. The Act could become one of the most significant bipartisan policy achievements of 2026 and may be the most impactful U.S. financial sector regulatory law since the Dodd-Frank Act in 2010.

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Top Net flows

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Top Net Flows (7D) from Artemis reflect that Arbitrum was the chain with the highest net inflows during that period. While Hyperliquid had the highest net outflows of the top chains, this occurred during the period when the crypto market between June 1—7, 2022 was under pressure from TT's adjustment. Bitcoin plunged to near $61,500 and its total market value plummeted due to several macro factors. In addition, June 6 was the HYPE token unlock day for Hyperliquid's Core Contributors group, increasing supply pressures and spurring money migration. Capital exits the ecosystem, resulting in high levels of outflows, while Ethereum continues to have some capital outflows from moving its activities to the Layer 2 network in line with the ongoing trend.

Arbitrum, on the other hand, continues to be able to attract capital strongly despite volatile market conditions, reflecting the strength of the ecosystem with both DeFi, Gaming and practical applications, as well as a competitive fee structure. While Base continues to have a slightly positive level of net inflows, other chains have relatively limited capital movements. The overview is accumulating. Reflecting that during times when the market is under pressure, funds continue to selectively flow into networks that are practical and have underlying factors supporting them. Even though Hyperliquid will face short-term pressure from unlocking tokens, trading volume and liquidity. Within the ecosystem, it remains an important factor that supports long-term growth.

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

The fear and greed index is at level 10, which is in the Extreme Fear zone, reflecting a significant weakening of investor sentiment. The graph shows that the index fell sharply from around 28—30 during May 31 to June 1, down to around 11—13 by June 3, before moving in a low of only 9—11 throughout. In early June, the situation coincided with the adjustment of the crypto market between June 1—7, 2022, when the price of Bitcoin weakened near the $61,500 level and the total market value dropped significantly, especially after the unlocking of Hyperliquid's HYPE token on the 6th. June, which further added to the pressure on overall market sentiment.

The index's fall to level 10 is considered a relatively minor extreme fear compared to past data, with the zone often occurring during periods of heightened investor concern about external factors and price pressures, while Bitcoin price movements in the same range clearly reflect the direction in line with the weakening sentiment index. The overview therefore shows that the market is in a state of heightened caution, and volatility remains a key factor determining the direction of investment in the short term.

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Bitcoin ETF Flow

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During June 1—5, 2022, the flow of funds in Bitcoin ETFs faced significant outflows. Specifically, the BlackRock IBIT fund with $440.3 million in cash outflows on June 1, $388.6 million on June 2, and $342.3 million on June 3, resulting in a total daily net market outflows of $483.8 million, $519.1 million and $396.6 million, respectively. As of June 5, $325.7 million continued to flow. The situation coincided with the adjustment of the crypto market, with Bitcoin weakening near the $61,500 level and the Fear & Greed index falling. The drop to level 10 in the Extreme Fear zone reflects the heightened investor anxiety during such a period.

Despite June 4, when the total figure came in at $3.2 million, the overall picture throughout the early part of the month remained clear net outflows, reflecting the caution of ETF investors amid price volatility and macro factors. This outflow is in line with portfolio adjustment behavior and profit-selling. After a sharp drop in prices, IBIT, the largest ETF, continues to lead in outflows, while other funds such as Fidelity FBTC continue to see outflows in the main $10 million daily. This overview helps explain why the overall market continues to face pressure, even though some areas such as high-quality L2 continue to attract attention. From investors who choose to inflate assets

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Ethereum ETF Flow

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From June 1 to June 3, 2022, there was a continuous outflow of funds from Ethereum ETFs. BlackRock's ETHA fund had $35.0 million in outflows on June 1, $44.3 million on June 2, and $51.6 million on June 3, resulting in a daily net outflow of $44.5 million. $90.2 million and $53.0 million, respectively. The scenario is consistent with the crypto market that was in a period of consolidation between June 1 and 7, 2022, with Bitcoin prices falling close to $61,500, while the Fear and Greed Index was at level 10 in the Extreme Fear zone and Hyperliquid's HYPE token unlock event on June 6 further added to the pressure on overall sentiment and spurred a sell-off from institutional investors via ETF channels.

Despite the June 4 net outflow figure of $19.3 million, the overall picture for the early part of the month still reflects continued net outflows, especially from ETHA, the largest Ethereum ETF fund. While Fidelity FETH funds also had outflows at the $10 million level. The move reflects the caution of investors. Capital in volatile market conditions. However, the market overview continues to see diversification choices, with some ecosystems, such as Layer 2 groups with strong network activity, still being able to attract capital, even during periods of aggregate ETF capital flows on the outflow side.

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Important news:

Bitcoin ETF flipped to $3.05 million, closed 13-day sell-off for a total value of $4.4 billion

Bitcoin Plunges $63,700, Sweeps Short Liquidation $504 Million, Highest Since Late April

NYDIG points to Bitcoin falling for more than one reason, after facing pressure from AI, IPO, Quantum and Strategy selling BTC

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Source:

https://www.dextools.io/news/hyperliquid-hype-token-unlock-565-million-june-2026

https://mudrex.com/learn/crypto-under-pressure-mudrex/

https://arkm.com/explorer/token/arbitrum

Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

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WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

Thank you for following.

J.P. Daniel