In the past hour, total liquidations across the network reached $25.53 million, with $24.38 million from long positions, with $1.15 million from short positions. BTC liquidation $13.85 million, ETH liquidation $7.19 million.

According to Odaily Planet Daily, on-chain analyst Ai Yi reports that Trend Research (0xFaf...840f) appears to have sold 47,000 ETH in the past 6 hours to avoid liquidation, totaling $89.29 million. The firm continues to deposit 20,000 ETH into Binance, with the latest liquidation range between $1,509 and $1,800.

Huoxun Finance reported on February 6 that Binance founder CZ stated on the X platform that they are collaborating with more countries to promote the issuance of their own local stablecoins, adding that "every fiat currency should be represented on-chain."

Odaily Planet Daily reports that Strategy CEO Phong Le stated during the company's Q4 financial results webinar that Bitcoin would need to fall to $8,000 and remain at that level for five to six years before posing a real threat to repaying its convertible debt. Strategy Executive Chairman Michael Saylor also dismissed concerns about quantum computing in Bitcoin, calling it "terrible FUD." Strategy reported a net loss of $12.6 billion for the quarter, primarily due to Bitcoin's price falling below the company's average acquisition cost, resulting in unrealized losses on its digital asset holdings. Strategy CFO Andrew Kang stated, "These results are clearly influenced by the decline in Bitcoin's market capitalization at the end of the quarter, and we use a market capitalization accounting method." However, Kang also pointed out that the company has a long-term strategy, adding, "Even in volatile markets, we will continue to execute our established strategies." (The Block)

In the past hour, total liquidations across the network reached $35.40 million, with $3.54 million from long positions, with $31.86 million from short positions. BTC liquidation $20.56 million, ETH liquidation $8.27 million.