U.S. spot Bitcoin exchange-traded funds (ETFs) recorded substantial net outflows totaling $434.1 million on February 5, according to data compiled by Farside Investors. This significant capital movement reflects a notable shift in investor sentiment within the digital asset market. Concurrently, U.S.-listed Ethereum ETFs also experienced considerable net outflows, amounting to $80.8 million on the same day. These figures encompass the aggregate flow across all U.S.-listed Bitcoin and Ethereum ETF products, providing a clear snapshot of market activity and investor behavior for these regulated cryptocurrency investment vehicles on the specified date.

On February 6, the prominent crypto address 'pension-usdt.eth' successfully closed an Ethereum (ETH) short position, realizing a substantial profit of $2.21 million. This significant gain was achieved over an exceptionally brief 11-hour holding period, according to data from HyperInsight. The swift execution underscores a highly strategic and profitable short-term trading maneuver within the volatile cryptocurrency market. The address initiated and concluded the position within the same day, demonstrating a keen ability to capitalize on rapid market fluctuations and efficiently secure considerable returns from its ETH short exposure.

Tether has invested $150 million to acquire a 12% equity stake in Gold.com, according to a report by Cointelegraph. The company plans to use the partnership to integrate its gold-backed stablecoin, XAU₮, and expand access to tokenized gold products, Cointelegraph reported. Tether has previously increased its exposure to real-world assets, including U.S. Treasuries, to support its USDT stablecoin reserves, the report said.

A whale deposited 3,947 ETH, worth about $7.53 million, into Binance on Feb. 6, Onchain Lens data show. The address had withdrawn 6,947 ETH, around $29 million, from Binance four months earlier and held the assets, incurring an $11.97 million loss.

DeFi Dev Corp's Chief Investment Officer and Chief Operating Officer Parker White stated on February 6 that Bitcoin's recent sharp decline and Solana's simultaneous fall may be linked to the forced liquidation of heavily leveraged BlackRock IBIT options positions. White noted that on February 5, BlackRock's IBIT recorded an all-time high trading volume of approximately $10.7 billion and roughly $900 million in options premium. He theorized on social media that the market movement, occurring amidst low centralized finance (CeFi) liquidations, originated from large IBIT holders, potentially non-crypto hedge funds based in Hong Kong, some reportedly holding highly concentrated IBIT positions. White added that the February 6 slump in silver and accelerated yen carry trade unwinds exacerbated market pressure, straining these funds' leveraged strategies until Bitcoin's drop potentially triggered widespread liquidations. Detailed position data may not be visible until mid-May due to 13F filing lags.

Binance's SAFU fund saw its Bitcoin holdings fall 15% to $170 million amid continued price declines, on-chain data show on Feb. 6. The fund retains $800 million in USDC reserves earmarked for additional BTC purchases. Under the fund's commitment, it will continue buying Bitcoin during prolonged downturns to maintain its portfolio value above $1 billion.

A whale address (0x5d2f4) known for maintaining long-term short positions on Bitcoin canceled a $59,138 limit buy order on Hyperliquid on Feb. 6, HyperInsight data show. The address opened a 20x leveraged short position of 499.91 BTC when Bitcoin was trading at $111,499.3 and has since reduced the position to 68.33 BTC while holding an unrealized profit of $3.184 million. HyperInsight also reported the whale has earned $10.0056 million from funding rate settlements on the position.

Address 0xEc0B was liquidated 21 times on long positions across BTC, ETH, ENA, WIF, NEAR, CRV and DOGE on Feb. 6, with total losses exceeding $19.7 million, Lookonchain data show. The liquidations occurred during a broader crypto market sell-off, BlockBeats reported.

The Bitcoin Ahr999 indicator dropped to 0.27 on Feb. 6, well below the "bottom-buy line" of 0.45, Coinglass data cited by BlockBeats show. The metric last reached this level on June 18, 2022 and Nov. 22, 2022 during the ETH liquidation plunge and FTX collapse, and on March 16, 2020 during the "316 crash." Created by ahr999, the indicator helps Bitcoin dollar-cost-averaging users combine timing strategies by reflecting short-term DCA returns and the deviation between Bitcoin's price and its expected valuation. Historically, the Ahr999 index has stayed below the 0.45 threshold for 572 days.