The US dollar weakens, putting pressure on the cryptocurrency market. Options data shows that Bitcoin still faces downside risk, with a 30% probability of falling below $80,000 by the end of June. Whales are shorting ETH with 25x leverage, holding over $8.5 million in positions, indicating a strong bearish market sentiment. 💰 Binance experienced a net outflow of 668 million USDT, putting pressure on liquidity. Hyperliquid whales hold $6.7 billion, with a long-short ratio of 0.9, showing a slight dominance of bears. An address rolled over positions and made nearly $7 million in five days of floating profit from short positions, with shorts valued at $250 million. ⚠️ Regulatory and project risks coexist: new regulations in Hong Kong faced obstacles, and Trove token collapse was accused of Rug Pull. Binance Alpha launched FIGHT, and Pendle simplified governance. BTC briefly broke above $91,000 before falling back, increasing market volatility. 📉 Currently, the market is dominated by bears, with significant capital outflows and leveraged short positions, indicating a short-term trend of weak consolidation.