Hotspot TrackingWorth Watching

$ETH falls below $1800, hitting a 14-week low

Event Interpretation

ETH fell to $1750, a 14-week low. Bitmine's floating losses on holdings are nearly $9 billion, with negative sentiment being released en masse.
Prediction platform Polymarket gives a 71% probability of ETH falling to $1500, causing short-selling expectations to become self-reinforcing.

Event Timeline

  • 20:33
    6/3
    Latest

    ETH touched a low of $1750, a 14-week low

  • 12:00
    6/3

    Polymarket bets on ETH falling to $1500 rose to 71%

  • 06:00
    6/3

    Bitmine disclosed floating losses of nearly $9 billion on ETH holdings

Related Targets

ETHUSDT
ETHUSDT
$2,674.98
ETH+0.02%
MC
$2.01B
24h Volume
$2.13B
AI AnalysisThe price hitting a 14-week low is the core of this event, and Bitmine's massive floating losses are also centered on ETH holdings
ARBUSDT
ARBUSDT
$0.2178
ARB+0.06%
MC
$20.51M
24h Volume
$31.95M
AI AnalysisOne of the first 8 chains connected to Mastercard's stablecoin settlement network, ETH's decline also drags down L2 tokens
BTCUSDT
BTCUSDT
$81,527.3
BTC0.00%
MC
$2.62B
24h Volume
$1.92B
AI AnalysisOne of the connected chains for Mastercard's stablecoin settlement network, L2 under Coinbase
DOGEUSDT
DOGEUSDT
$0.08891
DOGE+0.02%
MC
$125.39M
24h Volume
$54.42M
AI AnalysisDuring ETH's decline, BTC is under simultaneous pressure, and overall market risk appetite is decreasing

The above content is AI-generated for reference only.