Lei06

LAB rose 24% today. Then 74% of people are shorting. I opened a long position. LAB current price $19.71, UTC today +24.2%. 24h high $20.56, 24h low $14.35. Now look at the short ratio over the past 10 hours: 74% → 74% → 73.88% → 75.21% → 73.90% → 74.49% → 74.10% (latest) It never dropped below 73% the whole time. It rose 24%, and the shorts never broke below 74%—they have been insisting "this is the top" all along. This is not ordinary short squeeze, this is extreme congestion. Previously, when ALLO posted, I opened a long at 62% shorts. Now LAB is at 74%. Then the funding rate: -0.005053. This number needs special mention. Normally, negative funding rates are around -0.0001 or -0.0002, with shorts paying a small amount. -0.005053 is more than 10 times the intensity—these shorts are bleeding heavily every period, paying real money, not a small amount. But they still don't run. It rose 24%, the funding rate is aggressively charging them, yet 74% of accounts are still holding shorts. Their stop loss is just above today's high of $20.56. Once $20.56 is broken, 74% of shorts will start concentrated stop losses—that will be the real acceleration phase. Entry: $19.71 Stop loss: $14.00 (below today's low structure) Target one: $25.00 Target two: $30.00+ 74% shorts, -0.005 funding rate burning them, $20.56 above is their stop loss cluster—opened a long, waiting for that gate to open. $LAB

Those who drive the wrong way on the highway at such high speed should be directly sentenced.

[On some trading days, Hyperliquid's trading volume surpasses Ethereum, institutional funds shift to high-volatility assets like HYPE] On June 2, according to CoinDesk, FalconX reported that on some trading days, its trading volume on the decentralized derivatives platform Hyperliquid has exceeded that of Ethereum. Institutions and hedge funds are shifting from the range-bound Bitcoin and Ethereum to more volatile assets such as HYPE, Zcash, Venice, and AI concept tokens. FalconX pointed out that amid macro uncertainty and outflows from spot ETFs, BTC and ETH implied volatility are near historical lows, prompting funds to seek higher volatility targets. $BTC $ETH

【Approximately $300 million liquidated across the entire network in the past hour, mainly long positions】 On June 2, CoinAnk data shows that about $300 million worth of liquidations occurred across the cryptocurrency market in the past hour, with $292 million from long positions and $8.52 million from short positions. In the past hour, Bitcoin liquidations reached $152 million, and Ethereum liquidations reached $62.5582 million. $BTC $ETH

[ShapeShift's Mysterious Whale Holding $280 Million in ETH Buys 2,078 ETH] According to Onchain Lens monitoring, ShapeShift's mysterious whale purchased 2,078 ETH, valued at $4.04 million. Currently, this whale holds 144,675 ETH, worth $280.83 million. $ETH

Three-wheeled motorcycle racing on the edge, a race that can only complete turns by forcefully pulling and dragging

[Standard Chartered Says Strategy's Bitcoin Reduction May Signal ETH Starting to Outperform BTC] On June 2, according to The Block, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that Strategy's move to reduce 32 BTC last week could mark the beginning of a new phase where Ethereum starts to "outperform" Bitcoin. Kendrick pointed out that although the reduction was "very small," against the backdrop of BTC's decline that day, ETH/BTC saw a rare significant upward movement not seen in recent years. He expects ETH/BTC to rise to about 0.040 by the end of this year, currently around 0.028. $BTC $ETH

【Unrealized profit of $1.461 million, an address holds long positions in NVDA and MRVL and has opened a short position in ETH】 According to on-chain analyst Ai Yi's monitoring, an address currently holds $27.18 million worth of 3x long positions in NVIDIA and Marvell Technology, with an unrealized profit of $1.382 million; additionally, it has opened a $4.944 million 3x short position in ethereum:native, entry price at $2006.6, with an unrealized profit of $72,000, making the current total unrealized profit $1.461 million.

[SpaceX Demands Lower IPO Underwriting Fees, But Investment Banks Still Expected to Earn $500 Million] On June 2, SpaceX, owned by Musk, is negotiating with the Wall Street investment banks handling its IPO, aiming to pay a very low fee rate. However, even with significantly reduced fees, the banks responsible for this listing are still expected to earn about $500 million from this record-breaking IPO. Musk's aerospace and AI group plans to go public this month with a target fundraising size of $75 billion. According to insiders, the company is currently striving to reduce the underwriting fee rate to below 0.75%. Although this rate is far below the usual level, it will still be one of the most profitable IPO projects in the history of the Wall Street banks arranging this offering. As the lead underwriters of this IPO, Goldman Sachs and Morgan Stanley are expected to receive a larger share of the underwriting fees than the other 21 participating brokers. Insiders noted that the figures only reflect the base underwriting fees paid by SpaceX and do not include any potential additional incentive fees. Since the discussions have not been made public, insiders requested anonymity. Spokespersons for SpaceX, Goldman Sachs, and Morgan Stanley all declined to comment.