Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

February 20th: Data from Coinbob Popular Address Monitor shows that in the past half-hour, the DeFi whale address "pension-usdt.eth" has closed all its BTC long positions, realizing approximately $994,000 in profit with an average closing price of around $68,000. The address opened its position yesterday evening when BTC was trading at roughly $66,500, holding 1,000 BTC (valued at about $68 million at the time). This whale typically employs a low-leverage, short-term strategy (average holding period of ~30 hours) and focuses on heavy positions in BTC and ETH. Since last October, its cumulative profit has exceeded $23 million. Recently, the address has been continuously moving significant profits from Hyperliquid into the yield farming market; its total lending on AAVE now stands at approximately $22 million.

On February 20th, UniCredit strategist Thomas Strobel noted that Bitcoin’s recent decline primarily reflects weak market sentiment and macro pressures—even as U.S. regulatory concerns ease and policy risks diminish. The bank currently maintains a neutral stance, pegging Bitcoin’s fair value at roughly $75,000. A roughly 35% drop from that level—especially if Bitcoin stays below $50,000 for a sustained period—could signal a deeper structural shift. For a rebound to materialize, market sentiment would need to improve, ETF inflows to rise, and liquidity conditions to strengthen.

Feb. 20 — Per Onchain Lens monitoring data, BlackRock transferred 2,563 Bitcoin (BTC) worth $172.94 million and 49,852 Ethereum (ETH) worth $97.19 million to Coinbase, with potential for additional transfers going forward.

February 20 — Dozens of Democratic U.S. House members sent a letter to Treasury Secretary Janet Yellen on Thursday, calling for an investigation into potential conflicts of interest and national security concerns tied to the Trump family’s cryptocurrency project, World Liberty Financial, per CNBC. Led by New York Democratic Rep. Gregory Meeks, the letter has 40 additional co-signatories. During a hearing, Meeks referred to Yellen as a “henchman” of Trump’s and questioned a $500 million investment in World Liberty Financial last year from a member of the UAE royal family. In a statement accompanying the letter, Meeks said: “The Trump family’s $500 million transaction with the UAE royal family is not only a matter of national financial stability, but also carries serious national security implications.” At the time of the request, World Liberty Financial was in the process of applying for a national bank charter — a document reviewed and issued by the Office of the Comptroller of t

Per Coinglass data as of February 20th, Ethereum breaking above $2,000 would trigger $423 million in cumulative short liquidations across major centralized exchanges (CEXs). Conversely, a drop below $1,900 would lead to $582 million in cumulative long liquidations for those same major CEXs. BlockBeats Note: Liquidation charts do not show the exact number of contracts pending liquidation or the precise value of contracts being liquidated. Instead, the bars represent how significant each liquidation cluster is compared to nearby clusters—i.e., “intensity.” Thus, these charts indicate the magnitude of impact when a price hits a specific level. A taller “liquidation bar” means the price will react more intensely to a liquidity cascade at that level.

On February 20th, Charles Edwards—founder of Capriole, a Bitcoin and digital asset quantitative fund—said in a post: "Given the statistical likelihood of 'Q-Day' (Quantum Day) arriving, rational investors may have already discounted Bitcoin’s fair value by roughly 20%. If Bitcoin fails to make meaningful progress on quantum resistance, this discount rate will double annually." "If relevant upgrades remain stagnant for more than a year, Bitcoin’s valuation could be marked down to half its current level. The Bitcoin Core development team is urged to address this issue—action must be taken by 2026 to counter the potential threat of quantum computing."