Several Whale Buy Orders Foiled, Analysts’ Viewpoints Summarized: Bitcoin at $56,000 May Be the Limit, Significant Increase in Coin-Margined Futures Open Interest Warrants Attention

BlockBeats News, June 3rd. Today, Bitcoin briefly dropped below $66,000, catching many smart money players who had previously profited from swing trading off guard. The whale known as "A Whale Sets 10 Big Goals First" confirmed that its Bitcoin long position was liquidated upon breaking below $66,000. Additionally, the ETH swing whale address associated with BIT also relinquished $44.61 million in profit during this round of decline, and currently needs to continuously add collateral to avoid liquidation.

Regarding this round of decline, several analysts have given the following bottom prediction views:

The well-known trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, predicted through technical analysis yesterday that Bitcoin may bottom out in the $56,000 range.

Furthermore, crypto KOL ChampagnePickle believes that a new round of decline has begun, with the bear market bottom target at $42,000-$44,000.

On the indicator front, the previously proven ahr999 index has briefly dropped to 0.35 in this round, statically predicting that if this index reaches the highly secure bottoming margin of 0.3, Bitcoin would need to fall to $61,300-$61,400.

Of particular note, during this round of decline, the Bitcoin perpetual contract open interest has risen against the trend, currently at 784,400 contracts, nearing a historic high. In response to this phenomenon, the well-known trader Killa who predicted the key top or bottom of this round's bull market in May 2025 stated that this often heralds a crucial top or bottom and should be highly regarded.