TechFlow news: On June 8, according to Hyperinsight monitoring, spot gold fell approximately 1% within half an hour, hitting a low of $4,268, continuing Friday’s downward trend. Since last Friday’s U.S. employment data came in stronger than expected, market expectations for a Federal Reserve interest rate hike have intensified, and gold has declined roughly 4.5% cumulatively. A major whale on Hyperliquid suffered two consecutive liquidations on its GOLD long positions, totaling 489.2 contracts—valued at approximately $2.08 million—with losses amounting to about $112,000.
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