### 🚨 Crypto Daily Pulse – June 4, 2025
#### 📉 Market Snapshot
* 💰 Total Market Cap: \$3.30T 📉 *(Down from \$3.40T)*
* 📈 Top Movers: FARTCOIN, TRX, XMR, LA, POLY
😵💫 Alts Get Smacked
Massive sell-off in altcoins today—sparked by escalating online tension between Elon Musk and Trump.
Elon criticized Trump’s “Big Beautiful Bill” (which bloats the deficit), while Trump fired back, defending the tax cuts it offers. The feud spooked the market and triggered a wave of selling. Still, the issue is too high-profile not to be resolved quickly. While others panic, I’m quietly bidding strong names near daily/weekly supports. 🧘♂️📉
#### 🗞 Top Stories Moving Markets
🇨🇳 U.S.–China Update:
Trump says his recent call with President Xi “went very well.” Markets initially liked this... until the drama.
🤝 Crypto Diplomacy:
The U.S. is strengthening ties with El Salvador after a new round of crypto-focused discussions with President Bukele. 🇺🇸🇸🇻
🔥 Elon vs Trump:
Musk warns Trump’s new tariffs could cause a Q3 recession, while Trump claims failing to pass the bill would result in a 68% tax spike. The two are reportedly scheduling a call tomorrow to cool things down.
#### 🧠 Sentiment Check
📉 Fear & Greed Index: 46 (⬇️ from 55)
Back into “fear” territory—historically where bottoms form within 1–3 days after large wipeouts. 🕯
📊 Funding Rates:
Negative across the board for both BTC and ETH. Shorts are paying longs—signaling growing bearish pressure. Could be a contrarian long opportunity soon. 💡
#### 🔗 On-Chain Metrics
💸 BTC Flows: -\$278M
BlackRock remained neutral—but overall institutional flows are pulling back. 🧊
💰 ETH Flows: +\$11M overall, +34M via BlackRock
ETH continues to attract steady, consistent inflows, supporting the growing ETH season narrative. 🔥📈
#### 📅 Macro Events to Watch
📆 June 6 – U.S. Unemployment Data
📆 June 11 – CPI Inflation Report
📆 June 12 – PPI Data
📆 June 18 – FOMC Meeting
