According to Michael Burry Stock Tracker (@burrytracker), US stock futures are showing significant weakness, indicating a bearish sentiment across major indices. This downturn is likely to increase volatility in the cryptocurrency market, particularly for leading assets such as Bitcoin (BTC) and Ethereum (ETH), as risk-off sentiment in traditional markets often spills over into digital assets. Traders should monitor futures movements closely, as sustained pressure could trigger liquidation events or accelerate short-term selloffs in crypto markets. Source: Twitter / @burrytracker, June 13, 2025.

According to The Kobeissi Letter, the recent launch of $LIBRA, one of the top 5 largest memecoin events, resulted in the fastest destruction of retail capital on record. Since its launch, only four hourly green candlesticks have been observed, indicating a severe downtrend. Traders are reporting losses exceeding $5 million, highlighting the high-risk nature of investing in newly launched memecoins. This scenario underscores the importance of caution and due diligence in speculative markets.