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.

A newly created wallet that began building a long position in ETH four days ago was fully liquidated, with losses exceeding $4 million, Lookonchain data show. The liquidation occurred approximately six hours before the report on February 6, with on-chain activity indicating the entire leveraged Ethereum position in the new whale address was closed out.

Metaplanet CEO Simon Gerovich said on Feb. 6 the company will continue steadily accumulating Bitcoin despite acknowledging challenges for shareholders from recent share price performance, BlockBeats reports. He added Metaplanet will keep working to enhance its earning power and prepare for the next growth stage. On Jan. 29, Metaplanet announced a plan to raise $1.37 billion to increase its Bitcoin position, and the company now holds 35,102 BTC, making it the fourth-largest publicly listed Bitcoin holder globally.

Bitcoin rebounded 9.75% over 105 minutes on Feb. 6, BlockBeats reports. The rally followed an early-morning drop to $60,000, the lowest level since October 2024.

Bitcoin hit $60,001 on Feb. 6, its first time at that level since Oct. 2024, Santiment data show. Addresses holding 10–10,000 BTC now control 68.04% of supply, a 9-month low, after net selling 81,068 BTC over 8 days. Meanwhile, the supply share held by addresses with under 0.01 BTC rose to 0.249%, a 20-month high.

The global cryptocurrency market capitalization dropped to $2.295 trillion on Feb. 6, declining more than 10% in 24 hours, Coingecko data show. Trading volume across the crypto market reached $348.58 billion over the same period.

Bitcoin mining company MARA transferred 1,318 BTC valued at approximately $86.89 million to OTC platforms over the past 10 hours, lookonchain data show. The BTC was sent to Two Prime, BitGo and Galaxy Digital on Feb. 6.

Loracle, an early Hyperliquid contributor and the platform's largest HYPE long holder, closed all BTC and ETH short positions over the past six hours for approximately $56 million in total, netting roughly $2.43 million on BTC shorts and $3.6 million on ETH shorts, Coinbob hot address data cited by BlockBeats show. The trader reopened a BTC short near $63,200 and added an ETH short, maintaining a hedge strategy of shorting BTC and ETH against a long HYPE position, and plans to take BTC profits in batches if prices fall to $58,800-$59,900. Current holdings include a 5x HYPE long worth about $50 million at an average $24.37 with unrealized gains of roughly $13.9 million, a 20x ETH short of about $8.1 million at roughly $1,920 with unrealized gains of about $510,000, and a 20x BTC short of about $35.7 million at roughly $63,232 showing around $100,000 in unrealized loss, with total positions of $103 million and about $3.2 million profit over the past 24 hours, the data show.