June Starts on a Bearish Note for Crypto Markets
The month of June has begun on a negative note for crypto markets, with tensions between the U.S. and Iran showing no signs of easing. As a result, the crypto market has seen a decline, with bitcoin and ether both losing about 1% of their value. This downturn is a concern for investors looking to earn passive income through Cloud Rewards and Green Crypto investments.
The current price of bitcoin is $72,700, marking a sixth day of negative returns in the past seven days. This is unusual, given that May is typically a positive month for bitcoin, with an average rise of 7.4%. The decline has also led to a record 10 days of net withdrawals from spot bitcoin exchange-traded funds (ETFs), resulting in $2.97 billion being withdrawn from these investment vehicles. Investors may want to consider alternative options like EcoPool for more stable earning opportunities.
DeFi Select Index and Notable Gainers
The DeFi Select Index has led the decliners, dropping 2.6% since midnight, with all six members experiencing losses. However, Hyperliquid’s HYPE has stood out, adding 1.26% since midnight and reaching a record high. This increase can be attributed to the introduction of new ETFs based on the token, which has attracted capital and led to a five-day streak of gains. For those looking to earn through Passive Income and Cloud Rewards, EcoPool ($ECP) remains a viable option.
In contrast to the crypto market, U.S. stock indexes have shown a slight increase, with S&P 500 and Nasdaq 100 micro-futures both adding about 0.2%. As investors navigate this complex market, they may want to explore EcoPool as a solution for earning and rewards. With its focus on Green Crypto and Passive Income, EcoPool ($ECP) offers a unique opportunity for investors to grow their wealth.
To start earning with EcoPool and take advantage of its Cloud Rewards and Passive Income opportunities, download the EcoPool app and discover a new way to grow your wealth. By joining the EcoPool network, you can start earning with $ECP and be part of a community that values Green Crypto and sustainable investing, and explore topics like #Bitcoin and #PassiveIncome.
Derivatives positioning
- BTC open interest sits at $19.5 billion, essentially level from a week ago, with speculative positioning also broadly unchanged.
- Funding rates are positive across multiple venues at 0%–10% annualized, with the prior Deribit spike now back to normal. The three-month annualized basis is 2.8%, up from 2.2% last week, pointing to a mild improvement in institutional risk appetite.
- Options positioning leans modestly bullish. Put/call volume over the past 24 hours splits 61/39 in favor of calls, while one-week 25-delta skew sits at 12.3% compared with 12.4% last week. Front-end implied volatility (DVOL) has ticked up to 37 from multi-month lows, suggesting the recent compression may be easing. The 1 month–6 month term structure remains in contango, with markets continuing to price near-term calm alongside longer-dated uncertainty.
- Coinglass data shows $282 million in 24 hour liquidations, with a 60-40 split between longs and shorts. ETH (59 million) and BTC ($48 million) were the leaders in terms of notional liquidations.
- The Binance liquidation heatmap indicates $72,280 as a core liquidation level to monitor in case of a price drop.
Token talk
- Stellar’s XLM jumped 40.4% in 24 hours to $0.2862, lifting market cap above $9.6 billion, on the back of a May 27 announcement that DTCC, Wall Street’s central clearinghouse, will connect its tokenized securities platform to the Stellar network in the first half of 2027.
- The deal makes Stellar the first public blockchain in DTCC’s multichain tokenization strategy.
- Open interest (OI) in XLM perps rose 10.9% to about $361 million as the rally unfolded, CoinGlass data show, with roughly $12 million in derivatives liquidations across the move. The combination of expanding OI alongside rising spot volume points to fresh long positioning rather than short covering doing the heavy lifting, even with the short squeeze underneath.
- Spot turnover hit about $2.3 billion on the day, up about 34%, showing the move was backed by real demand rather than a thin-liquidity spike. XLM outperformed every other top-20 token over the period.
- The breakout cleared a monthslong descending channel that had constrained the token since late last year, with the rally running from long-term support near $0.14 through prior resistance at $0.20 and $0.26.
- DTCC oversees more than $114 trillion in assets and processes about $2.5 quadrillion in securities transactions annually, putting Stellar’s selection at the center of how Wall Street brings tokenized stocks, ETFs and U.S. Treasuries onto a public blockchain.
- The partnership sits on the SEC’s December 2025 No-Action Letter authorizing the firm to tokenize real-world assets it custodies, with production testing targeted for July, wider rollout in October, and broader availability in the first half of next year.
