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BlockBeats News, June 11th, according to CNBC, amid a continued pullback in gold prices, the sentiment in the derivatives market has clearly turned bearish, with traders increasing their bets on further downside. Some long-term options are even pricing in a potential further 40% drop in gold price over the next two years. Option data around the SPDR Gold Shares gold ETF shows that during a single-day gold price drop of over 4% on Wednesday, out of approximately $200 million in option premiums traded, around $130 million was concentrated in put options, while the scale of sold call options remained higher than bought call options. The transaction structure shows that out of the 10 most active option contracts of the day, 8 were put options, with most trades at the ask price or higher, reflecting funds actively positioning for downside risk. Since hitting a peak in February, GLD has already seen a cumulative decline of about 25%, with selling pressure continuing. In certain long-term contracts, a put option expiring in June 2028 with a strike price of $240 saw active trading, implying a downside potential of around 40% based on the current price, indicating that some investors are betting on the continuation of a medium- to long-term bear market cycle. On a macro level, market analysis points to multiple factors weighing on the gold price, including some central banks and sovereign entities rebalancing their portfolios, changes in geopolitical fund demand, and passive selling triggered by technical stop-losses. In contrast to the physical gold market is the mining stock option structure. The VanEck Gold Miners ETF options market is showing a bullish sentiment, with significantly higher trading volume in call options compared to put options. Some strategies indicate that funds are more inclined to indirectly hedge through mining stocks.

BlockBeats News, June 11, according to EmberCN monitoring, the DEX project Velvet Capital's token VELVET recently experienced abnormal price fluctuations, soaring from around $0.09 to $0.9 in a short period of time, with a cumulative increase of 10x. During the rapid price increase, the project's associated address transferred approximately 22 million VELVET to Bitget and an exchange within the past 3 days, totaling about $19.8 million, interpreted by the market as potential concentrated selling pressure. In addition, the liquidity provider DWF Labs also moved around 6.68 million VELVET to the aforementioned exchanges in the past month, worth approximately $6 million. The on-chain fund flow coincided with the rapid price surge, sparking community discussion on the "spot price ramp-up + contract harvesting" model.

BlockBeats News, June 11th, according to Bitget market data, the Nasdaq futures turned higher after falling 1% earlier. On the news front, after the U.S. military conducted two nights of airstrikes on Iran, President Trump tweeted earlier today that U.S. fighter jets are flying over Iran and have been in direct talks with Iranian officials. The Iranian people have asked me to stop the bombing, the bombing will stop soon, and there may be an intention to reduce the level of geopolitical tension. However, according to Iran's Tasnim news agency, a senior Iranian official denied Trump's claim that the two sides had been in direct contact, stating that the remarks were "pure fabrication." Iran has not had any contact with Trump and emphasized that Iran will respond militarily to any act of aggression.