唐华斑竹
Verified Creator
币乎大V（推特X：@uniswap12），2025全球区块链百强创作者，独立研究员。在微博、推特、币乎、力场、币快报、向北社区、币车、财路、链书、八宝饭、链节点、巴比特、陀螺财经等币圈媒体拥有数十万粉丝。
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So excited, this article was shared by CZ on X, I believe everything will be fine in 2026! Thank you CZ for the encouragement
唐华斑竹
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From $10.7 billion trading volume to BTC's sharp drop: Uncovering the possible 'liquidation chain' behind IBIT
There was no black swan event, Bitcoin suddenly plummeted, and the market is looking for reasons. The charts show that BTC and SOL dropped almost in sync, but the liquidation volume on-chain and on centralized exchanges isn’t that exaggerated. This is interesting, suggesting that the selling pressure may not be coming from the usual crypto capital players.
I just happened to see an analysis by Parker White from DeFi Dev Corp, which I found quite enlightening. He mentioned that yesterday the trading volume of the BlackRock IBIT spot ETF surged to $10.7 billion, almost double the previous record, while the options premium also soared to $900 million, both historical highs. Data doesn’t lie; such unusual activity usually corresponds to a significant level of position changes.
I just happened to see an analysis by Parker White from DeFi Dev Corp, which I found quite enlightening. He mentioned that yesterday the trading volume of the BlackRock IBIT spot ETF surged to $10.7 billion, almost double the previous record, while the options premium also soared to $900 million, both historical highs. Data doesn’t lie; such unusual activity usually corresponds to a significant level of position changes.
Binance SAFU Fund's BTC position loss narrowed to 2.7%, with remaining 550 million USD to be bought
On February 8, according to on-chain data, as Bitcoin rebounded above 70,000 USD, the 6,230 BTC purchased by Binance SAFU Fund for 450 million USD is currently valued at 437.7 million USD, with losses narrowed to 2.7%.
Currently, its USDC fund reserves still have 550 million USD remaining, and it will continue to buy. According to the commitment made when the fund was announced, if Bitcoin continues to decline, the SAFU Fund will continue to buy, maintaining its position value above 1 billion USD. $BNB
On February 8, according to on-chain data, as Bitcoin rebounded above 70,000 USD, the 6,230 BTC purchased by Binance SAFU Fund for 450 million USD is currently valued at 437.7 million USD, with losses narrowed to 2.7%.
Currently, its USDC fund reserves still have 550 million USD remaining, and it will continue to buy. According to the commitment made when the fund was announced, if Bitcoin continues to decline, the SAFU Fund will continue to buy, maintaining its position value above 1 billion USD. $BNB
Is this going to be played openly?
"The 1011 giant whale that liquidated $230 million" has again transferred 10,000 ETH to the Binance deposit address associated with Yi Lihua.
On February 7, news reported that "the 1011 giant whale that liquidated $230 million" has again transferred 10,000 ETH to the Binance deposit address associated with Yi Lihua. Within half an hour, he repaid the loan and withdrew 55,000 ETH from Aave, of which 10,000 was deposited into that address; in the past 12 hours, a total of 20,000 ETH and 69.08 million USDT have been transferred, with a total value of $109 million. $ETH
"The 1011 giant whale that liquidated $230 million" has again transferred 10,000 ETH to the Binance deposit address associated with Yi Lihua.
On February 7, news reported that "the 1011 giant whale that liquidated $230 million" has again transferred 10,000 ETH to the Binance deposit address associated with Yi Lihua. Within half an hour, he repaid the loan and withdrew 55,000 ETH from Aave, of which 10,000 was deposited into that address; in the past 12 hours, a total of 20,000 ETH and 69.08 million USDT have been transferred, with a total value of $109 million. $ETH
Hahaha, Chinese online lending "striking gold in India" has lost billions of dollars and retreated en masse.
The dream of Chinese online lending companies to strike gold in India has now completely shattered. They saw nearly 1.4 billion people and 500 million mobile users, but did not realize that risk control models do not work locally at all. There is no credit database, documents are either forged or cannot be verified at all, and even animal photos can pass off as legitimate. In 2019, Chinese companies rushed in, and by 2020, one-third of online lending platforms in India had Chinese backgrounds, but they quickly ran into obstacles in collections and risk control.
The collection process was even more out of touch; India has 22 official languages and thousands of dialects, making communication nearly impossible. Worse still, local borrowers do not take online lending seriously, and professional "debt coaches" even teach them how to borrow without repayment, causing bad debt rates to soar. In 2020, India introduced policies to limit interest rates and crack down on violations. In 2022, new regulations on digital lending required data to be localized, completely killing the Chinese teams that relied on big data for risk control.
By the end of 2024, India will legislate to classify illegal collections as criminal offenses, and in 2025, additional funding thresholds will be added, leaving online lending companies with no way out. A large amount of capital has gone to waste, with many server costs unrecoverable. This failure warns all companies preparing to "replicate the Chinese model abroad"—the market environment is not just a formula; underestimating local realities and not being adequately prepared will only turn gold mining into "running alongside." $XRP
The dream of Chinese online lending companies to strike gold in India has now completely shattered. They saw nearly 1.4 billion people and 500 million mobile users, but did not realize that risk control models do not work locally at all. There is no credit database, documents are either forged or cannot be verified at all, and even animal photos can pass off as legitimate. In 2019, Chinese companies rushed in, and by 2020, one-third of online lending platforms in India had Chinese backgrounds, but they quickly ran into obstacles in collections and risk control.
The collection process was even more out of touch; India has 22 official languages and thousands of dialects, making communication nearly impossible. Worse still, local borrowers do not take online lending seriously, and professional "debt coaches" even teach them how to borrow without repayment, causing bad debt rates to soar. In 2020, India introduced policies to limit interest rates and crack down on violations. In 2022, new regulations on digital lending required data to be localized, completely killing the Chinese teams that relied on big data for risk control.
By the end of 2024, India will legislate to classify illegal collections as criminal offenses, and in 2025, additional funding thresholds will be added, leaving online lending companies with no way out. A large amount of capital has gone to waste, with many server costs unrecoverable. This failure warns all companies preparing to "replicate the Chinese model abroad"—the market environment is not just a formula; underestimating local realities and not being adequately prepared will only turn gold mining into "running alongside." $XRP
Jia Yueting releases humanoid robots, starting at $19,990
On February 5, Jia Yueting updated his Weibo, stating that at 7:30 AM Beijing time on February 5, FF will hold the ultimate launch of its first batch of embodied intelligent robot products and the FF Par investment conference at the National Automobile Dealers Association (NADA) event in Las Vegas.
Jia Yueting announced that FF is launching three major series of EAI robots: the Futurist series is a full-sized professional embodied intelligent humanoid robot; the Master series is a sports-type embodied intelligent humanoid robot; the Aegis series is a security and companionship professional quadrupedal embodied intelligent robot. The accompanying images show that the Futurist series robots are priced from $34,990, the Master series robots are priced from $19,990, and the Aegis series robots are priced from $2,499.
Previously, Jia Yueting posted a video on Weibo, stating that one of the most important things in life is "to repay debts and return to the country as soon as possible." He will continue to push for the success of Faraday Future (hereinafter referred to as "FF") and AIXC, "so that domestic creditors can receive substantial returns as soon as possible." However, since moving to the U.S. to start a business in July 2017, Jia Yueting, who is burdened with huge debts, has not returned for eight years. $BNB
On February 5, Jia Yueting updated his Weibo, stating that at 7:30 AM Beijing time on February 5, FF will hold the ultimate launch of its first batch of embodied intelligent robot products and the FF Par investment conference at the National Automobile Dealers Association (NADA) event in Las Vegas.
Jia Yueting announced that FF is launching three major series of EAI robots: the Futurist series is a full-sized professional embodied intelligent humanoid robot; the Master series is a sports-type embodied intelligent humanoid robot; the Aegis series is a security and companionship professional quadrupedal embodied intelligent robot. The accompanying images show that the Futurist series robots are priced from $34,990, the Master series robots are priced from $19,990, and the Aegis series robots are priced from $2,499.
Previously, Jia Yueting posted a video on Weibo, stating that one of the most important things in life is "to repay debts and return to the country as soon as possible." He will continue to push for the success of Faraday Future (hereinafter referred to as "FF") and AIXC, "so that domestic creditors can receive substantial returns as soon as possible." However, since moving to the U.S. to start a business in July 2017, Jia Yueting, who is burdened with huge debts, has not returned for eight years. $BNB
Qingdao woman sells house to speculate in silver, making 2 million in 5 months, only to go bankrupt overnight
Have you ever thought that overnight, the 1 million in your account could shrink to just 650,000? This is not a fantasy; during the early hours of January 30th to 31st, 2026, countless silver bulls experienced such a nightmare.
The price of spot silver in London plunged from a historic high of $110 per ounce to the abyss of $75, plummeting over 34% in a single day, setting the record for the most severe silver drop in human history.
This massacre occurred precisely at three in the morning—when liquidity was thinnest in the Asian early trading hours.
Countless leveraged investors, who didn't even have the chance to set stop-loss orders, had their positions directly breached, losing everything.
The price of spot silver in London plunged from a historic high of $110 per ounce to the abyss of $75, plummeting over 34% in a single day, setting the record for the most severe silver drop in human history.
This massacre occurred precisely at three in the morning—when liquidity was thinnest in the Asian early trading hours.
Countless leveraged investors, who didn't even have the chance to set stop-loss orders, had their positions directly breached, losing everything.
Why can't Jia Guolong get along with broccoli? Xibei employees are begging Boss Jia to stop talking.
In fact, Jia Guolong's persistence is essentially a form of "passive defense." Ever since the questioning of "Xibei broccoli's shelf life exceeding two years" arose, combined with the debate with Luo Yonghao and the pressure from store losses and closures, broccoli has long ceased to be just an ingredient; it has become a breakthrough point for public opinion. He repeatedly explains the details of freezing at minus 38 degrees to lock in freshness, export-grade quality, and using products within a month in stores, all to dispel the misunderstanding that "quick-freezing = poor quality" and regain brand trust.
But he hasn't realized that his "increasingly confusing explanations" are pushing Xibei deeper into the whirlpool of public opinion.
Xibei employees are probably feeling very helpless; the recent wind around Xibei has passed, and Boss Jia is back to talking again, pulling Xibei back from the edge of the topic. It really feels like he's trying to "kill" Xibei; he seems less like a boss and more like an enemy.
As netizens, this drama also keeps reaching new heights; every time they browse the internet, they see this funny incident. $BNB
In fact, Jia Guolong's persistence is essentially a form of "passive defense." Ever since the questioning of "Xibei broccoli's shelf life exceeding two years" arose, combined with the debate with Luo Yonghao and the pressure from store losses and closures, broccoli has long ceased to be just an ingredient; it has become a breakthrough point for public opinion. He repeatedly explains the details of freezing at minus 38 degrees to lock in freshness, export-grade quality, and using products within a month in stores, all to dispel the misunderstanding that "quick-freezing = poor quality" and regain brand trust.
But he hasn't realized that his "increasingly confusing explanations" are pushing Xibei deeper into the whirlpool of public opinion.
Xibei employees are probably feeling very helpless; the recent wind around Xibei has passed, and Boss Jia is back to talking again, pulling Xibei back from the edge of the topic. It really feels like he's trying to "kill" Xibei; he seems less like a boss and more like an enemy.
As netizens, this drama also keeps reaching new heights; every time they browse the internet, they see this funny incident. $BNB
As the saying goes:
A skinny camel is bigger than a horse,
Old Wang is not the same Old Wang he used to be,
He no longer says "First, earn a small goal."
However, for ordinary people,
He is still like the Himalayas,
One of his ordinary jackets
Is worth an ordinary person's annual salary,
I believe he would not buy counterfeit clothes. $BNB
A skinny camel is bigger than a horse,
Old Wang is not the same Old Wang he used to be,
He no longer says "First, earn a small goal."
However, for ordinary people,
He is still like the Himalayas,
One of his ordinary jackets
Is worth an ordinary person's annual salary,
I believe he would not buy counterfeit clothes. $BNB
Sun Yuchen's ex-girlfriend said: "During the time I was with him, I never saw him lose control of his emotions for even a second, even during the darkest moments when the border control, financial bureau, public security, media, and the underworld all came to confront him at the same time." I thought Sun Yuchen had excellent emotional control, basically without emotional fluctuations. After reading Sun Yuchen's account, I found that he also has emotional fluctuations, to the point of sleepless nights. $TRX
This is really a good position for both long and short!\nIf Bitcoin breaks $73,000, the cumulative short liquidation intensity on major CEXs will reach 482 million.\nOn February 8, according to Coinglass data, if Bitcoin breaks $73,000, the cumulative short liquidation intensity on major CEXs will reach 482 million.\nConversely, if Bitcoin falls below $70,000, the cumulative long liquidation intensity on major CEXs will reach 270 million. $BTC \n
Why did J.P. Morgan support Bitcoin during a fierce market sell-off?
J.P. Morgan's recent statement on Bitcoin and gold strikes me as quite groundbreaking. On February 6, Bitcoin was still being fiercely sold off, yet J.P. Morgan's strategist clearly stated that, in the long run, Bitcoin is more attractive than gold. This is radically different from how many Wall Street institutions have long viewed Bitcoin as a 'speculative version of a gold substitute'—this time, J.P. Morgan has directly included it in the discussion of long-term asset allocation.
Of course, no one said that Bitcoin is safer than gold. The volatility of Bitcoin is obvious, and people just believe that once market sentiment reverses, the potential for Bitcoin to rise will far exceed the returns that defensive assets like gold can provide. I think this logic is quite straightforward: for defense, choose gold; for potential growth, look at Bitcoin. Especially since Bitcoin itself emerged as a 'dollar alternative' after the financial crisis. Although its price fluctuates greatly, the narrative of holding it long-term is indeed gradually taking shape.
Of course, no one said that Bitcoin is safer than gold. The volatility of Bitcoin is obvious, and people just believe that once market sentiment reverses, the potential for Bitcoin to rise will far exceed the returns that defensive assets like gold can provide. I think this logic is quite straightforward: for defense, choose gold; for potential growth, look at Bitcoin. Especially since Bitcoin itself emerged as a 'dollar alternative' after the financial crisis. Although its price fluctuates greatly, the narrative of holding it long-term is indeed gradually taking shape.
It must be said that the United States is still tolerant of technology and innovation, and will not implement a one-size-fits-all approach, allowing open discussions about the pros and cons of any issues.
Next week, the White House cryptocurrency meeting will discuss stablecoin yields, with bank representatives attending for the first time.
Crypto journalist Eleanor Terrett disclosed that next Tuesday, the White House will hold a new round of cryptocurrency meetings, focusing on the issue of stablecoin yields. This meeting is the second round of a series of meetings, still at the staff level, and will not invite corporate CEOs, but senior policy personnel from several banks will attend for the first time.
Sources say that major banks such as Bank of America, JPMorgan Chase, and Wells Fargo have received invitations, while Citibank, PNC Bank, and US Bank may also participate; banking representative organizations include the Bank Policy Institute, the American Bankers Association, and the Independent Community Bankers of America.
Reports indicate that banks hope to limit the interest that cryptocurrency companies pay to stablecoin holders, fearing that high-yield accounts will attract deposit outflows and affect the supply of loan funds. Crypto companies believe that this claim will weaken competition and stifle innovation. Scott Bessenet stated this week that deposit volatility is undesirable and that efforts will be made to avoid unstable deposits triggered by stablecoin yield payments.
This meeting is related to the advancement of the Cryptocurrency Market Structure Act (CLARITY Act). Patrick Witt, Executive Director of the White House Cryptocurrency Committee, has urged all parties to reach a consensus by the end of this month. $ETH
Next week, the White House cryptocurrency meeting will discuss stablecoin yields, with bank representatives attending for the first time.
Crypto journalist Eleanor Terrett disclosed that next Tuesday, the White House will hold a new round of cryptocurrency meetings, focusing on the issue of stablecoin yields. This meeting is the second round of a series of meetings, still at the staff level, and will not invite corporate CEOs, but senior policy personnel from several banks will attend for the first time.
Sources say that major banks such as Bank of America, JPMorgan Chase, and Wells Fargo have received invitations, while Citibank, PNC Bank, and US Bank may also participate; banking representative organizations include the Bank Policy Institute, the American Bankers Association, and the Independent Community Bankers of America.
Reports indicate that banks hope to limit the interest that cryptocurrency companies pay to stablecoin holders, fearing that high-yield accounts will attract deposit outflows and affect the supply of loan funds. Crypto companies believe that this claim will weaken competition and stifle innovation. Scott Bessenet stated this week that deposit volatility is undesirable and that efforts will be made to avoid unstable deposits triggered by stablecoin yield payments.
This meeting is related to the advancement of the Cryptocurrency Market Structure Act (CLARITY Act). Patrick Witt, Executive Director of the White House Cryptocurrency Committee, has urged all parties to reach a consensus by the end of this month. $ETH
"Why does Caibai, the 'Retail Investor Exchange', impose limits on gold repurchases?"
The release of this rule originated from the weekend when gold plummeted at the end of January. Caibai's repurchase was based on the closing price of over 1190 on Friday, but when the market opened on Monday, gold plummeted, and as a result, this rule was announced that night or the next day.
On February 6, in Beijing, many roads began to hang festive lights for the New Year. Mr. Huang arrived at the entrance of the Caibai Jewelry main store located in Xicheng District, pushed aside the heavy windproof door curtain, and headed straight for the three floors of this gold and jewelry store. He hurriedly told his elderly partner behind him, 'The gold repurchase is no longer on the fourth floor!'
The third floor of Caibai Jewelry originally specialized in jade and coral jewelry, while the fourth floor was the trading area for investment gold. However, recently, there have been too many people selling gold, so the gold repurchase business was moved from the fourth floor to the third floor, and a 'verification area' was temporarily set up. At 10 AM, the repurchase area quickly formed a long line just half an hour after opening. Staff at the end of the line held up a sign saying 'End of the Repurchase Business Verification Line', and the bustling scene was no less than that of the gold purchasing area on the fourth floor.
On February 6, in Beijing, many roads began to hang festive lights for the New Year. Mr. Huang arrived at the entrance of the Caibai Jewelry main store located in Xicheng District, pushed aside the heavy windproof door curtain, and headed straight for the three floors of this gold and jewelry store. He hurriedly told his elderly partner behind him, 'The gold repurchase is no longer on the fourth floor!'
The third floor of Caibai Jewelry originally specialized in jade and coral jewelry, while the fourth floor was the trading area for investment gold. However, recently, there have been too many people selling gold, so the gold repurchase business was moved from the fourth floor to the third floor, and a 'verification area' was temporarily set up. At 10 AM, the repurchase area quickly formed a long line just half an hour after opening. Staff at the end of the line held up a sign saying 'End of the Repurchase Business Verification Line', and the bustling scene was no less than that of the gold purchasing area on the fourth floor.
I haven't been the big brother for many years! Don't think of me for every good thing!
Li Lin clarified: He is not the investor behind Yi Li Hua's Trend Research and "BTC OG insider giant whale" agent Garrett Jin.
On February 8, ABCDE co-founder Du Jun forwarded a screenshot from Li Lin's Moments to clarify that Li Lin stated he is not the investor behind Yi Li Hua's Trend Research and "BTC OG insider giant whale" agent Garrett Jin, and has never reduced his holdings in BTC and ETH during this round.
Du Jun added that Li Lin's family office Avenir Group is still the largest holding institution in Asia under BlackRock's IBIT, and the U.S. Securities and Exchange Commission (SEC) 13F report will be updated quarterly. About 80% of the ETH held has been staked and held long-term. To my knowledge, 95% of the funds are managed by Li Lin's family office team, with no external institutions or individuals entrusted to manage them.
In addition, Du Jun stated on February 2 that as a part of the industry, there is no reason to mock any institution that chooses to be bullish and go long.
Recently, Yi Li Hua and "BTC OG insider giant whale" using the same Binance deposit address has sparked intense discussion in the community, speculating that there may be the same investor behind them. Binance deposit addresses are usually user-specific (especially for large amounts frequently used hot deposit addresses) and cannot completely rule out "coincidence" or "address reuse" (such as through a common funding source/OTC channel), however, under normal circumstances, the probability of two independent large holders/institutions using the exact same deposit address is extremely low. $ETH
Li Lin clarified: He is not the investor behind Yi Li Hua's Trend Research and "BTC OG insider giant whale" agent Garrett Jin.
On February 8, ABCDE co-founder Du Jun forwarded a screenshot from Li Lin's Moments to clarify that Li Lin stated he is not the investor behind Yi Li Hua's Trend Research and "BTC OG insider giant whale" agent Garrett Jin, and has never reduced his holdings in BTC and ETH during this round.
Du Jun added that Li Lin's family office Avenir Group is still the largest holding institution in Asia under BlackRock's IBIT, and the U.S. Securities and Exchange Commission (SEC) 13F report will be updated quarterly. About 80% of the ETH held has been staked and held long-term. To my knowledge, 95% of the funds are managed by Li Lin's family office team, with no external institutions or individuals entrusted to manage them.
In addition, Du Jun stated on February 2 that as a part of the industry, there is no reason to mock any institution that chooses to be bullish and go long.
Recently, Yi Li Hua and "BTC OG insider giant whale" using the same Binance deposit address has sparked intense discussion in the community, speculating that there may be the same investor behind them. Binance deposit addresses are usually user-specific (especially for large amounts frequently used hot deposit addresses) and cannot completely rule out "coincidence" or "address reuse" (such as through a common funding source/OTC channel), however, under normal circumstances, the probability of two independent large holders/institutions using the exact same deposit address is extremely low. $ETH
The performance has ended, and Trend Research under Yili Hua has sold another 20,770 ETH, worth 43.57 million USD, resulting in a final loss of 734 million USD.
On February 8, according to monitoring by Lookonchain, Trend Research under Yili Hua sold another 20,770 ETH in the past 20 minutes, worth 43.57 million USD, with only 10,303 ETH remaining, worth 21.5 million USD.
Yesterday's report stated that as Trend Research has basically completed its liquidation, the final loss on ETH is approximately 734 million USD. Entered long with 231,000 ETH at an average price of 2,667 USD, liquidated at an average price of 4,027 USD, gaining 315 million USD; entered long with 651,500 ETH at an average price of 3,180 USD, liquidated at an average price of 2,053 USD, losing 734 million USD. $ETH
On February 8, according to monitoring by Lookonchain, Trend Research under Yili Hua sold another 20,770 ETH in the past 20 minutes, worth 43.57 million USD, with only 10,303 ETH remaining, worth 21.5 million USD.
Yesterday's report stated that as Trend Research has basically completed its liquidation, the final loss on ETH is approximately 734 million USD. Entered long with 231,000 ETH at an average price of 2,667 USD, liquidated at an average price of 4,027 USD, gaining 315 million USD; entered long with 651,500 ETH at an average price of 3,180 USD, liquidated at an average price of 2,053 USD, losing 734 million USD. $ETH
Hua Zi, this is a heroic decision to cut off one's own wrist; it's time to calm down and reflect seriously.
The on-chain address of Yili Hua has completely liquidated ETH.
Arkham data shows that at 10:49 this morning, the on-chain address related to Yili Hua transferred the last 534 ETH to Binance, which means that the ETH in its on-chain address has been completely liquidated, and currently only 0.165 ETH remains. $ETH
The on-chain address of Yili Hua has completely liquidated ETH.
Arkham data shows that at 10:49 this morning, the on-chain address related to Yili Hua transferred the last 534 ETH to Binance, which means that the ETH in its on-chain address has been completely liquidated, and currently only 0.165 ETH remains. $ETH
Hash rate down 20%, difficulty reduced by 11.16%, what is happening in the Bitcoin network?
Last night, the mining difficulty of Bitcoin faced its largest single adjustment since 2021, directly reducing by 11.16% to 125.86 T. This is not only the largest adjustment in mining difficulty since the summer of 2021, but also ranks among the top ten in the entire history of Bitcoin mining. I checked the data from Cloverpool and found that the average hash rate across the network has dropped to 990.08 EH/s over the past week, while a month ago, this number was about 20% higher. Just last week, the hash rate fell by 11%, and at its lowest, it touched about 863 EH/s, far below the historical peak of 1100 EH/s set last October.
What caused this significant drop in hash rate? What impact will it have on the Bitcoin network? On the surface, there are two direct reasons: on one hand, the price of Bitcoin has fallen more than 45% from its peak of $126,000 last year, coupled with ongoing outflows from Bitcoin ETFs and a rising overall risk-averse sentiment in the market, which directly affects miners' expectations of earnings and willingness to operate; on the other hand, at the end of January this year, many regions in North America experienced winter storms, causing some Bitcoin mining farms to voluntarily reduce their load to support local electricity needs, leading to about 200 EH/s of hash rate temporarily exiting the network—this short-term factor has clearly intensified the fluctuations in hash rate.
What caused this significant drop in hash rate? What impact will it have on the Bitcoin network? On the surface, there are two direct reasons: on one hand, the price of Bitcoin has fallen more than 45% from its peak of $126,000 last year, coupled with ongoing outflows from Bitcoin ETFs and a rising overall risk-averse sentiment in the market, which directly affects miners' expectations of earnings and willingness to operate; on the other hand, at the end of January this year, many regions in North America experienced winter storms, causing some Bitcoin mining farms to voluntarily reduce their load to support local electricity needs, leading to about 200 EH/s of hash rate temporarily exiting the network—this short-term factor has clearly intensified the fluctuations in hash rate.
Anomalous fluctuations in the 1-minute charts for Bitcoin and ETH occurred on Binance, possibly due to the market maker's grid strategy malfunction.
On February 8, anomalous fluctuations occurred in the 1-minute charts for Bitcoin and ETH on Binance, with single-minute amplitudes exceeding 1% and even 3% from 00:05 to 00:17. As of the time of publication, the anomalous fluctuations have disappeared.
Some analysts believe that this situation may be caused by a malfunction in the market maker's grid strategy. $ETH
On February 8, anomalous fluctuations occurred in the 1-minute charts for Bitcoin and ETH on Binance, with single-minute amplitudes exceeding 1% and even 3% from 00:05 to 00:17. As of the time of publication, the anomalous fluctuations have disappeared.
Some analysts believe that this situation may be caused by a malfunction in the market maker's grid strategy. $ETH
It turns out that the nameless hero is Binance! Fortunately, technology is in the hands of civilization.
CZ: Binance provided assistance in resolving the Bithumb airdrop incident.
On February 7, CZ posted on X platform stating that Binance helped with the recovery work of the Bithumb airdrop incident.
CZ also suggested that all airdrop functions should set a maximum value check.
Today's news, Bithumb admitted to mistakenly airdropping 3% of Bitcoin to users, and has now recovered 99.7% of the total amount, with related accounts of improper profits frozen. $BNB
CZ: Binance provided assistance in resolving the Bithumb airdrop incident.
On February 7, CZ posted on X platform stating that Binance helped with the recovery work of the Bithumb airdrop incident.
CZ also suggested that all airdrop functions should set a maximum value check.
Today's news, Bithumb admitted to mistakenly airdropping 3% of Bitcoin to users, and has now recovered 99.7% of the total amount, with related accounts of improper profits frozen. $BNB
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