According to CNBC, early trading data for the S&P 500 today shows a mixed performance among major stocks, with technology and financial sectors experiencing notable volatility. Key gainers include Nvidia and Apple, while energy and consumer staples lag behind. This sector rotation is significant for cryptocurrency traders, as shifts in tech and financial stocks often correlate with increased volatility in leading crypto assets like BTC and ETH. The current market environment highlights the importance of watching S&P 500 trends to anticipate liquidity flows that may impact digital asset prices. (Source: CNBC S&P 500 Early Trading Performance, June 2024)

According to The Kobeissi Letter, following this morning's data, the probability of the Federal Reserve implementing rate cuts beginning in June 2024 has increased to 61%. However, markets do not anticipate immediate cuts, signaling persistent stagflation risks and heightened uncertainty over the Fed's policy direction. This macroeconomic ambiguity has led to short-term volatility in major cryptocurrencies, as traders reassess risk exposure and await further signals from the Fed’s dual mandate. Source: The Kobeissi Letter on Twitter, April 30, 2025.

According to Mihir (@RhythmicAnalyst), a technical oscillator indicated a BTC price breakdown in mid-June 2024. Mihir clarified that he has not shorted BTC but is sharing insights based on technical analysis.

According to @intotheblock, long-term BTC holders have been reducing their holdings throughout 2024. In May, there was a significant drop with 160,000 BTC, approximately $10 billion, sold. The selling slowed down somewhat in June, with 40,000 BTC leaving long-term holders' wallets.