market shows BTC fell below $88,800, currently at $88,713.15, a 24-hour decline of 1.82%, market volatility is high, please manage your risk properly.
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BTC falls below $88,800
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Cardano founder: Over $3 billion lost in the crypto space
On February 6, Cardano founder Charles Hoskinson revealed in a live broadcast that despite losing more than 3 billion US dollars in the crypto field, he still chooses to stay in the industry rather than quit. In response to external comments that he can afford the losses because he is wealthy, he said: "If you think I am in this business for the money, you are completely wrong — even if I lose everything, I will not stop." -
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ETH falls below $2100
the market shows ETH fell below $2100, currently at $2099.68, with a 24-hour decline of 7.97%. The market is highly volatile, please manage your risk accordingly. -
U.S. Labor Department: Non-farm payrolls will be released on February 11, CPI data will be released on February 13.
U.S. Bureau of Labor Statistics has rescheduled the release date of the January non-farm payroll report to February 11; the January CPI report release date has been rescheduled to February 13. In addition, the December Job Openings and Labor Turnover Survey report will be released on February 5. -
Bloomberg ETF analysts: ETF funds showed high stability during the Bitcoin decline, with 94% of holdings remaining stable.
Bloomberg ETF analyst Eric Balchunas stated that despite Bitcoin experiencing a significant pullback of about 40% and some investors still being at a floating loss, only about 6% of assets in Bitcoin ETFs have been withdrawn, with approximately 94% of funds remaining, indicating that ETF investors' holdings remain relatively resilient. -
An entity sold a large amount of ETH on Hyperliquid to repay its Aave loans held in 11 wallets.
according to MLM monitoring, an entity has been selling a large amount of ETH on Hyperliquid to repay its Aave loans in 11 wallets. The entity sold 31,700 ETH (worth $80.8 million) on the Hyperliquid platform in the past 5 hours, bringing the total sales over the past 4 days to 47,000 ETH (worth $120 million). It is reported that the entity deposited 49,600 ETH (worth $112 million) into the Aave account and borrowed $86 million USDC against it as collateral. However, due to the decline in ETH prices, the institution's position is close to liquidation, so it has to continue selling ETH to repay the debt and avoid being fully liquidated. -
CMC released its January 2026 exchange reserve ranking report, with Binance leading the pack.
On February 4th, CoinMarketCap released the "Mainstream Crypto Exchange Reserve Rankings Report for January 2026." The data shows that Binance ranks first among mainstream exchanges with a total reserve size of approximately 155.64 billion USD, significantly leading the market. The report indicates that Binance's stablecoin reserves are about 47.47 billion USD, accounting for 30.5%, while Bitcoin-related reserves are about 49.84 billion USD, the highest proportion. The overall asset structure maintains high liquidity and diversification. -
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