If Ethereum drops below $2300, the mainstream CEX long liquidation amount will reach $737 million

As of February 1, Coinglass data shows Bitcoin delivered a -10.17% return in January—its fifth-worst monthly performance since 2013, well below the 1.91% historical average for the month. Ethereum, meanwhile, posted a -17.52% January return, marking its third-worst showing since 2017 and far under its 16.81% historical January average. Looking ahead to February: Bitcoin’s historical average monthly return is 12.2%, with just 3 instances of negative returns on record. Ethereum’s February average stands at 10.37%, with only 2 cases of negative returns historically.

On February 1st, Jupiter announced via official sources that it will integrate Polymarket, positioning Jupiter as the most innovative prediction platform on Solana. Users will be able to access Polymarket directly through the built-in "Prediction" feature in the Jupiter app.

February 1 Hong Kong Financial Secretary Paul Chan Mo-po published an essay titled *Stay Prudently Optimistic and Forge Ahead* in a recent blog post. He noted that global market turbulence has sparked intense international capital flows—even so-called safe-haven assets have seen price corrections after repeated record highs. For example, gold prices surged over the past four years, then jumped nearly 30% in January this year, approaching the historical high of $5,600. However, prices have pulled back sharply in recent days, dropping more than 12% from their peak. Paul Chan added that Hong Kong’s financial system has operated stably and smoothly, with total bank deposits exceeding HK$19 trillion. Amid rapidly shifting global political and economic conditions, risks and volatility in the coming year will remain significant.

On February 1, LookOnChain monitoring data shows that Erik Voorhees, founder of Venice.ai, created two new wallets and invested 1.72 million USDT to purchase 355 XAUT at an average price of $4,842.

On February 1, per Coinglass data, total crypto liquidations on January 31 hit $25.615 billion—marking a new daily record since the "1011" crash. Short liquidations totaled $1.547 billion, while long liquidations reached $24.068 billion.

February 1st, LookOnChain monitoring data shows the BTC OG insider whale topped Hyperliquid’s profit leaderboard during the “1011” flash crash, raking in over $142 million in profits. But after a massive long position liquidation this morning, its cumulative historical losses have exceeded $128 million, landing it at the top of the loss leaderboard.