🚀 #ETH Ethereum Transfer Count Surge: A Historical Warning Signal?

High network activity often signifies adoption, but a sudden "parabolic" rise in transfer counts near price highs typically indicates an overheated network. This metric often spikes during moments of extreme market capitulation or euphoria. link link

🇰🇷🚀 South Korea’s Financial Supervisory Service is monitoring the market for ZK tokens listed on Upbit, the country’s largest cryptocurrency exchange, due to abnormal price fluctuations. On February 1, ZK surged nearly 1000% in just three hours, rising from 33 KRW to 350 KRW, before quickly falling back. link

🕵️ 1,512.56 #BTC ($108,156,167)
aggregated inflows to Binance link

🕵️ 260,487,291 #USDT (259,927,243 USD) transferred from RenrenBit to Bitfinex link

🇺🇸🏆 According to SoSoValue, on Feb. 4 (ET), U.S. spot Bitcoin ETFs recorded total net outflows of $545 million. The BlackRock spot Bitcoin ETF IBIT saw the largest single-day net outflow at $373 million.

Spot Ethereum ETFs posted total net outflows of $79.48 million, while XRP spot ETFs recorded total net inflows of $4.83 million. #etf link

🕵️ Heads up: Garrett Jin has started buying back $ETH!

He just withdrew 80,000 $ETH ($167.8M) from Binance. link

📝 House launches probe into $500 Million UAE deal linked to World Liberty Financial link

🙅 $YALA has been delisted from Bybit futures. link

💼 Vitalik Buterin stated that there is no need for more copy-paste EVM chains or L1s, as Ethereum L1 is scaling and will provide ample blockspace. He urged the development of truly innovative solutions, including privacy, app-specific efficiency, and ultra-low latency, while expressing support for app chains closely tied to L1 or "institutional L2s" that can enhance algorithmic transparency. link

🧑‍💻 The Gensyn mainnet will launch in April, with the AI token distributed and available on exchanges. link

🆕 $TRIA listed on Bybit futures link

😱🤑 Fear&Greed Index for #BTC and #ETH

💸 #BTC Strategy:
−$12.28B over 7 days (−18.95%), total portfolio loss −$3.42B (−6.30%). link

#ETH Bitmine:
−$3.64B over 7 days (−28.23%), total portfolio loss −$7.34B (−44.76%). link

📊 Borrowing demand is rising again.

Credit withdrawals on Nexo reached $24M in January (+9% MoM), signaling a steady recovery. Aave data shows leverage returning across DeFi.

The rebuild has started, but remains cautious. link

📈 $69,000 Bitcoin

📈 $69,000 Bitcoin

💸 $100,000,000 liquidated from the crypto market in the past 60 minutes.

💸 $100,000,000 liquidated from the crypto market in the past 60 minutes.

⚠️ The #BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling. These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning.

🕵️ The Bitcoin treasury company Nakamoto, which had previously accumulated 5,400 $BTC ($376.4M), just moved 933 $BTC ($65M) to a new wallet. link

📊 Roundtable Discussion on the 1011 Crash: Did It Cause the Market Drop? Who's Responsible? Thoughts on Binance's Summary Report

Albert noticed issues as early as August. ETH was surging, but options skew was inverted, indicating speculative rather than investment-driven buying. A large part of this crash was caused by mass liquidation of USDe loop lending strategies. Carry traders suffered badly, likely closing out at bad prices and re-entering hedges during engine/system failures at even worse prices — taking double hits. link