Spot Gold Plunges $50 Intraday, Down 1.05%

On February 6, trader Eugene Ng Ah Sio shared a message on his personal channel: “Buy when there’s blood in the streets—even if it’s your own.”

On February 6th, data from the Coinbob Popular Address Monitor shows that the "Ultimate Bear" whale (address 0x5d2) has opened four BTC short positions since January of last year. The first three positions combined lost approximately $5.48 million, while the most recent short yielded significant profits. Currently, the short position has accumulated around $10.05 million in funding fee income and over $61 million in contract profits, resulting in a total annual profit of $71 million. Since December 26th of last year, the address has made no further position adjustments. Last night, it significantly reduced its position to take profits, withdrawing roughly $5 million from Hyperliquid. Compared to its peak position of $136 million at the end of October last year, the whale has since cut its position by about $130 million. After multiple profit-taking withdrawals, it has not replenished the short position. It still holds a 20x-leveraged BTC short position worth approximately $4.4 mi

On February 6th, OnchainLens monitoring shows the Trend Research address transferred another 19,000 ETH to Binance, valued at roughly $35.88 million. To date, Trend Research has sent a total of 215,588 ETH to Binance—worth around $4.756 billion—for sales and loan repayment.

On February 6, blockchain analytics firm Lookonchain reported that Marathon Digital Holdings (MARA)—a U.S.-based Bitcoin mining company—transferred 1,318 BTC to Two Prime, BitGo, and Galaxy Digital over the past 10 hours. The total value of the transfer is approximately $86.89 million.

February 6 – Per data from the Coinbob Popular Address Monitor (via https://t.me/Coinbob_track_CN), BTC and ETH prices have declined over the past 24 hours, while HYPE has held relatively steady. The largest HYPE whale trader, “Hyperliquid early contributor Loracle,” closed all BTC and ETH short positions initiated the previous day within the last 6 hours. These shorts totaled roughly $56 million, with the BTC short yielding ~$2.43 million in profits and the ETH short netting ~$3.6 million—pushing their weekly total profits to $16.6 million. After closing those positions, the trader opened new BTC shorts around $63,200 and established ETH short positions, continuing their hedge strategy of “shorting BTC/ETH while longing HYPE.” They are already in profit again. Reports indicate the trader plans to take profits in batches as BTC falls to the $58,800–$59,900 range. Key position details are below: - HYPE (5x Long): Position size ~$50 million, average entry price $24.37, profits ~

On Feb. 6, OnchainLens data reveals a newly created crypto wallet had its ETH 20x long position liquidated, incurring a $4.048 million loss over just three days.