Amidst the cryptocurrency market crash, there has been a surge in buying the dip, with multiple whales and prominent traders contrarianly increasing their positions in BTC and ETH.

BlockBeats News, June 6th, according to HTX market data, Bitcoin once fell below $60,000, marking the first time since October 2024, and is now priced at $61,091. Ethereum dropped below $1,600, currently trading at $1,583, with a 24-hour decline of 8.8%. In the past 24 hours, there has been a total of $1.829 billion in liquidations across the network, with long liquidations amounting to $1.457 billion and short liquidations totaling $372 million.

Amidst the crypto market crash, several well-known traders are averaging down and issuing calls. One of these traders, Killa (@KillaXBT), has stated that he has opened a long position on Bitcoin with a stop-loss at $31,950 and a target price of $160,000. Bitcoin may have already hit bottom, with the current position mainly in spot and low leverage, but one should still be cautious of pullback risks. After Bitcoin fell below $60,000 today, large buy orders appeared in the market. Killa also pointed out that similar buy walls in the past have led to a short-term suppression followed by a rebound in Bitcoin's price.

Geoffrey Kendrick, Digital Asset Research Director at Standard Chartered Bank, stated that the Bitcoin bottom is "almost formed" and the current price range may be the long-awaited buying opportunity for investors. A key reason for this recent drop was Strategy selling 32 BTC. However, based on historical experience from the end of 2022, Strategy is likely to quickly carry out a larger-scale buyback, with the repurchase amount expected to be 10 times or even 100 times the amount sold previously. If buying pressure is confirmed, it will be a crucial signal of a market bottom. On the other hand, crypto influencer Ansem suggested that retail investors should not rush to "catch a falling knife" and should patiently wait for the bottom to be established.

Jiang Zhuo'er, founder of the Lebit Mining Pool (B.TOP), stated that he has repurchased all of his previously sold Ethereum positions at an average price of $1,645, after liquidating in the range of $2,200 to $2,400. It is expected that Bitcoin may see a rebound in the next 1 to 3 days, and he plans to sell his Ethereum positions again during this rebound. If Bitcoin does not effectively fall below the strong support at $60,000, selling pressure from ETFs and other U.S. stock institutions is decreasing. There may be a rebound in the crypto market over the weekend.

A whale set "10 big targets" and opened a long position at $60,153.8, longing 2,835.32 BTC, worth $170 million. On-chain data shows that several whales are averaging down on ETH, with OTC whale (0xFB7) once again buying 29,000 ETH from FalconX, worth around $46.69 million. Currently, this whale holds approximately 187,460 ETH ($296.19 million). Whale (0x2bd) has borrowed a total of 100 million USDT from Aave since yesterday and bought 59,742 ETH. Currently, this whale holds a total of 133,800 ETH, worth around $212 million. F2Pool co-founder Wang Chun appears to be averaging down, withdrawing 9,719 ETH from Binance, worth $16.16 million. Whale (0xc70) has borrowed a total of 76.42 million USDT from Aave and purchased 44,845 ETH at an average price of $1,704.