A whale dormant for five years staked 44,500 ETH (about $102 million) to borrow 70 million USDT and bought 30,222 ETH at an average price of $2,316 on Feb. 2, on-chain data show. The ETH collateral was withdrawn from Bitfinex when ETH traded at $1,354. The position currently shows a $42.57 million profit.

SILVER, a derivatives contract tracking silver, recorded about $23.95M in liquidations across the market over nearly 4 hours on February 2, driven by sharp short-term moves in the spot silver price, HyperInsight and CoinGlass data show. The notional wiped out was second only to BTC and ETH over the same period, with 64% of positions liquidated being longs. Most forced closures occurred on the Hyperliquid platform, where a whale holding a short XYZ:SILVER position was liquidated for $4.13M in a brief window and another single long position over $1.6M was also liquidated.

HYPE, BERA, XDC, ENA, KMNO and W are scheduled for one-off token unlocks during Feb. 2–8, Token Unlocks data show. HYPE will unlock 9.92 million tokens (2.79%, worth $296.91 million) on Feb. 6; BERA 63.75 million (41.70%, $29.47 million) on Feb. 6; XDC 841.18 million (5.00%, $29 million) on Feb. 5; ENA 40.63 million (0.55%, $5.55 million) on Feb. 2; KMNO 100 million (1.55%, $3.34 million) on Feb. 8; and W 50.41 million (0.95%, $1.15 million) on Feb. 6.

Trend Research sold 33,589 ETH (worth approximately $79.12 million) on Feb. 2, BlockBeats reports citing analyst Yu Jin. The firm then withdrew 77.52 million USDT from Binance to repay debt, lowering the liquidation price of its ETH borrowing position from $1,880 to around $1,830.

Bitmine holds 4.243 million ETH purchased at an average cost of $3,849, with unrealized losses reaching $6.9 billion on Feb. 2, on-chain data show. The loss widened as ETH dropped to $2,222 early that day, its lowest level since June 2025.

Listed Bitcoin mining companies in the U.S. saw daily production fall sharply to around 30 to 40 bitcoins during January winter storms, down from a typical 70 to 90 bitcoins in preceding weeks, CryptoQuant data show. CryptoQuant research head Julio Moreno disclosed the figures on Feb. 2, cited by Cointelegraph. The storms swept across much of the U.S. mainland, forcing miners to scale back operations under power grid pressure, heavy snow, ice and extreme cold.

Crypto whale "7 Siblings" purchased 11,333 ETH for about $26.13M on Feb. 2, on-chain data show. Over the past two days, the entity accumulated 24,139 ETH at an average price of $2,370, spending $57.21M in total.

Bitcoin surpassing $80,000 would correspond to an aggregate short liquidation intensity of $1.063B across major centralized exchanges on Feb. 2, Coinglass data show. A drop below $76,000 would be associated with a cumulative long liquidation intensity of $296M on these platforms. The liquidation heatmap does not represent the exact number of contracts to be liquidated or their precise value; instead, each bar reflects the relative importance of a liquidation cluster compared with nearby clusters, with higher bars indicating stronger potential market reactions if the price reaches those levels.

Bitcoin climbed back above $78,000 on Feb. 2, trading at $78,005 with its 24-hour decline narrowing to 1.27%, HTX data show. The move marks a recovery from earlier weakness during the same period.