A whale address described as "长期做空 BTC" (0x5d2f4) has canceled a $59,138 limit buy order intended as a "dip buy" for BTC on Hyperliquid, according to HyperInsight on February 6. 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 short to 68.33 BTC while still holding an unrealized profit of $3.184 million. HyperInsight also reported that the same whale has earned $10.0056 million from funding rate settlements tied to this 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.

Bitcoin fell below $64,000 on Feb. 6, trading at $63,785 with a 24-hour decline of 10.35%, HTX data show. The drop marks a sharp pullback for the cryptocurrency over the past day.

Bitcoin's weekly RSI dropped to 26.62 on Feb. 6 as the price fell to $64,000, Tradingview data show. The RSI, a momentum indicator often considered oversold below 30, matches readings from June 2022 during the last bear market, BlockBeats reports.

Binance Wallet announced on Feb. 6 the launch of its exclusive Opinion (OPN) Booster campaign, offering users up to 5,000,000 OPN tokens in airdrop rewards through multi-stage challenges, official information shows. First-phase participants can share 3,000,000 OPN tokens, with entry requiring at least 61 Binance Alpha points and a 5-point deduction upon joining. Reward tokens are subject to a lock-up period, with the unlock date to be determined by the project team and not disclosed in advance.

The Crypto Fear & Greed Index dropped to 9 on Feb. 6 from 12 the previous day, indicating "Extreme Fear," Alternative data show. The index ranges from 0 to 100 and weighs volatility (25%), trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google Trends (10%).

A whale sold 27,800 ETH on Spark on Feb. 6 to repay 44.14 million USDT, BlockBeats reports citing Ember. The address now holds 9,810 ETH (worth approximately $18.66 million) on Spark with 12.83 million DAI in debt, and its liquidation price fell from $1,800 to $1,560.

On Feb. 6, an address associated with "Machi Big Brother" Huang Licheng opened leveraged long positions in ETH and HYPE, HyperInsight data cited by BlockBeats show. The address holds a 25x leveraged long on 500 ETH with an unrealized loss of $18,000 and a 10x leveraged long on 25,000 HYPE with an unrealized profit of $34,000.