A certain whale withdrew 500 BTC worth 31.15 million US dollars from Binance

According to The Kobeissi Letter, the ratio of the Nasdaq 100 Volatility Index VXN to the S&P 500 Volatility Index VIX has risen to 1.7, the highest level in 23 years. The ratio has surpassed 1.5 for the first time since 2018, with a peak of approximately 1.6 during the 2008 financial crisis. The current VXN is 28 points and VIX is 16 points, with VIX being 43% lower than VXN. VXN has been above 20:00 for 5 consecutive months, the longest continuous time since 2022.

OKX-BTC/USDT is currently trading at $63000, with a 5-minute increase of 0.18%. Please be aware of market fluctuations.

Jiashi crude oil LOF, crude oil LOF at E Fund, Southern crude oil LOF, S&P oil and gas ETF Fuguo, and oil LOF experienced a turnaround from gains to losses during the trading session. US President Trump expressed Iran's intention to reach an agreement.

Morgan Stanley has lowered Alibaba's target price from $190 to $180, maintaining its overweight rating. Morgan Stanley expects Alibaba's cloud business revenue to increase by 45% year-on-year in the June quarter, and has raised its revenue forecast for the 2027-2028 fiscal year by 2% to 3%. Morgan Stanley expects its other losses to narrow to RMB 16.5 billion in the first quarter of fiscal year 2027, with a total other loss of approximately RMB 72 billion for the year.

HSBC has lowered its average gold price forecasts for 2026 and 2027 to $4560 and $4925 per ounce, respectively, compared to previous forecasts of $4864 and $5000 per ounce.