Whale Trader "pension-usdt.eth" Reduces Leverage on BTC Long Position by 3x to 225.96 Coins

On February 5, Binance founder CZ took to social media to note: "Binance has seen net fund inflows totaling billions of dollars over the past 1 day, 7 days, and 30 days. However, those spreading panic have experienced the opposite outcome."

February 5: U.S. initial jobless claims for the week ended January 31 will be released tonight at 9:30 PM ET. Previous reading: 209K; expected: 212K.

February 5: Bitcoin continues to decline, with the key $70,000 level at risk, according to Coinglass data. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges suggest bearish sentiment is easing (see attached image). Note from BlockBeats: Funding rates are set by crypto exchanges to align contract prices with underlying asset prices, typically for perpetual contracts. They facilitate fund transfers between long and short traders—exchanges do not charge this fee. The rate adjusts traders’ holding costs or profits to narrow the gap between contract and underlying prices. A 0.01% rate is the baseline: above 0.01% signals bullishness, while below 0.005% signals bearishness.

On February 5, per Coinbob Popular Address Monitor (link: https://t.me/Coinbob_track_CN), the "Distinguished Whale Trader" address (0x894...) closed its entire 10x-leveraged XYZ100 (Nasdaq 100 Perpetual Contract) position at 2 PM Beijing time yesterday—right before U.S. stock pre-market trading. Prior to closing, the position reached a $21.1 million size with an average entry price of $25,443.47, and unrealized P&L once hit $580,000. The position closed at $25,291, wiping out all unrealized gains and logging an actual loss of ~$300,000. Had it not been closed, the Nasdaq’s ~1.75% drop today would’ve pushed losses above $700,000. Separately, the address also closed its 10x-leveraged COPPER (Copper Futures Perpetual Contract) position yesterday. The position was ~$18 million in size with an average entry of $5.94, netting a ~$360,000 profit. The trader’s total position size now sits at ~$4 million, with a weekly loss of $2.9 million. To hedge risk, they currently only hold long

On Feb. 5, per Onchain Lens data, the "BTC OG Insider Whale" just withdrew 80,000 ETH from Binance—valued at roughly $167.79 million.

On Feb 5, LookOnChain data shows the "DASH Largest Short" address successively closed short positions on BTC, ETH, SOL, and XRP yesterday before going long—currently holding an unrealized loss of $15.8 million. The address’s overall profit and loss (P&L) has also plummeted from a $25.5 million profit to a $15.3 million loss.