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Glonghui, June 5 — Broadcom CEO Hock Tan stated that the company's focus has now shifted from mergers and acquisitions to artificial intelligence, as AI offers stronger growth potential. This CEO built the chip giant through a series of acquisitions. At the Bloomberg Technology conference held in San Francisco on Thursday, Tan said that AI revenue is soaring, which reduces the appeal of external deals. “I look around—what can I buy that comes close to that level?” he said. He also noted that acquisitions are a distraction for both the company and its customers. According to Tan, market demand for AI infrastructure is almost insatiable. At Broadcom, Tan has made a significant pivot toward the AI market. The California-based company, headquartered in Palo Alto, sells network chips and custom accelerators used in developing and operating AI models. He expects this business to generate over 100 billion dollars in revenue in the 2027 fiscal year.

Standard Chartered economists Dan Pan and Steve Englander pointed out that the latest released QCEW (Quarterly Census of Employment and Wages) data confirms the softer performance of the non-farm payrolls (NFP) in the second half of 2025, when government shutdowns and DOGE-related layoffs put pressure on the employment market.Between March and December 2025, QCEW data shows employment growth at 1.3%, slightly higher than the NFP’s 1.2%. This indicates that the potential overestimation issue in NFP data over the past few years has eased since March 2025.The economists emphasized that the new birth-death model and the stabilization of the economic cycle have helped narrow the gap between NFP and QCEW. This has boosted market confidence that labor market data in 2025 and early 2026 have a more solid foundation.Since early 2026, monthly average NFP job additions have reached 76,000, and the labor market appears to have found a more stable footing in recent months. The preliminary benchmark revision scheduled for September may eventually confirm the NFP estimates for 2025.

Panic continues to spread in the crypto market. According to AiCoin data, the current Fear & Greed Index (FGI) has dropped to 12, entering the "Extreme Fear" zone. In the past 24 hours, total liquidations across the network have reached $4.46 billion, with long positions accounting for as much as $3.5 billion, nearly 78% of the total. However, as market sentiment approaches a freezing point, whale capital on-chain has begun to make counter-trend moves. On-chain data shows that a large BTC spot buy order of about $20.8 million was placed around $61,500. At the same time, additional buy walls worth millions of dollars have accumulated in the $51,000, $57,500, $58,500, and $60,300 regions, indicating that major funds are absorbing BTC in batches at lower price levels. Meanwhile, on Hyperliquid, the mysterious whale "Set 10 Big Goals First" took profit from previous shorts and then went long on BTC again; another address opened a bottom-fishing position with 1x leverage near $63,784. The market is seeing diverging signals of "panic selling" and "whale accumulation" happening simultaneously. In addition to BTC, funds are also continuously flowing into HYPE. Data shows that whale address 0xb5E4...Fc24e has been continuously buying 269,000 HYPE (worth about $19.6 million) using a 24-hour TWAP strategy. HYPE's current holdings have risen to the second-highest in the network, second only to BTC. On the technical side, short-term key levels to watch for BTC: • Support area: 63,000—62,500 USDT • Strong buy zone: 61,500 USDT • Upper resistance: 64,500 / 65,800 USDT If BTC can regain footing above 64,500 in the near term, market sentiment is expected to gradually recover; if it falls below 61,500, beware of further cascading liquidation risks. The market has now entered a high-volatility phase, so a lighter position and fast-paced trading strategy are more suitable in the short term, while avoiding the use of high leverage during major directional changes. Risk warning: The market is highly volatile. This article is for informational sharing only and does not constitute investment advice.