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Foresight News reported, according to Ember monitoring, F2Pool co-founder Wang Chun has withdrawn 9,937 ETH (approximately $15.5 million) and 147.5 WBTC (approximately $8.7 million) from an exchange and deposited them into Spark in the past 6 hours. Since the beginning of this month, after BTC fell below $60,000 and ETH fell below $1,700, he has successively bought the dip with approximately 65,700 ETH (about $111 million) and 966 WBTC (about $60.29 million), based on BTC at around $62,400 and ETH at about $1,660. All WBTC and about half of the ETH were deposited into Spark, while the other half of the ETH was staked on Ethereum.

BlockBeats News, June 26, according to ChainInfo, F2Pool co-founder Wang Chun withdrew 9937 ETH ($15.5 million) + 147.5 WBTC ($8.7 million) from an exchange in the past 6 hours and then deposited it into Spark. Since BTC fell below $60,000 and ETH dropped below $1,700 at the beginning of the month, he has successively bought the dip, acquiring about 65,700 ETH ($111 million) + 966 WBTC ($60.29 million). The price of BTC is around $62,400, and ETH is around $1660. All WBTC and around half of the ETH have been deposited into Spark, while the other half of the ETH has been staked on Ethereum.

⑴ ICIS analysis shows that during the closure of the Strait of Hormuz, TTF’s daily actual volatility increased from 3.2% before the crisis to 7%, while Brent rose from 1.8% to 4.4%. TTF’s volatility elasticity to geopolitical risk is significantly higher than crude oil; the regression beta value climbed from 0.78 pre-crisis to 1.11, meaning for every 1% movement in Brent, TTF’s corresponding move expanded from 0.78% to 1.11%.⑵ At the start of week 26, European natural gas inventory was only 46% full, the lowest for the same period since 2021 and 10 percentage points below 2025 levels. If the net injection rate from mid-May to mid-June remains unchanged, inventory by early November will reach just 70%, with a gap of about 8 billion cubic meters—100 to 25 billion cubic meters below previous years.⑶ To reach past inventory levels, Europe needs to attract around 150 additional LNG cargoes (each cargo 100 million cubic meters), equivalent to an extra 33 cargoes per month from now until November. Meanwhile, the global LNG market faces a supply gap of about 1.6 million tons in June and July; if Asian competition intensifies in Q3 due to El Niño driven high temperatures, TTF price upside risk will accumulate further.⑷ In the crude oil market, OECD oil inventories have fallen to decade lows. Middle Eastern output has decreased by around 11.25 million barrels/day compared to pre-conflict levels, with over 1 billion barrels of crude oil disappearing from the market between May and June. Future restocking demand will be driven by strategic reserves, OECD emergency inventories, and refinery operating stocks.⑸ Brent’s upside is partly limited by demand destruction and non-OPEC+ supply growth. IEA expects non-OPEC+ output in 2026 to increase by 1.7 million barrels/day year-over-year, revised up by 440,000 barrels/day compared to earlier forecasts. ICIS anticipates Brent prices falling by about 8.4% from July to October, with TTF declining around 3.9% during the same period.⑹ Given the gas market’s relatively strong fundamentals and oil’s upside risks being more limited, investors may consider a cross-commodity strategy of going long TTF and short Brent to reduce macro directional risk, but should wait until their correlation further retreats to pre-crisis levels to maximize returns.