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Crypto Fear & Greed Index Drops to 9, Deepening "Extreme Fear" Sentiment

2 hours ago

On February 6th, alternative data shows the cryptocurrency Fear & Greed Index has fallen to 9—down from 12 yesterday—pushing the market deeper into "extreme fear." Note: The index ranges from 0 to 100, with components including: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s share of total market cap (10%), and Google Trends Analysis (10%).
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CZ: Actively Working with More Countries to Launch Their Own Stablecoins

On February 6th, Binance founder CZ took to social media to share that he’s currently collaborating with additional countries to launch their respective stablecoins, noting that all currencies should be represented on-chain.

1 minutes ago

Whale Who Was "Shorting BTC Long-Term" Cancels $59,138 "Buy the Dip" BTC Limit Order

On February 6th, per monitoring from HyperInsight, the "Long-Term Short BTC" whale (address 0x5d2f4) canceled its 59,138 USDT "buy the dip" limit order for BTC on Hyperliquid. The whale initially opened a 20x leveraged short position of 499.91 BTC when Bitcoin traded at $111,499.30. Since then, it has reduced the short position to 68.33 BTC while holding a floating profit of $3.184 million. Additionally, the whale has collected $10.0056 million via funding rate settlements.

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The "HODL" Whale Faces 21 Liquidations Today, Loses Over $19.7 Million

Per LookOnChain monitoring on February 6, whale 0xEc0B was liquidated 21 times across long positions in BTC, ETH, ENA, WIF, NEAR, CRV, and DOGE during today’s cryptocurrency market crash, with total losses exceeding $19.7 million.

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Bitcoin Ahr999 'Buy the Dip' Index Drops to 0.27, on Par with 'FTX Rug Pull' and '3/16 Crash' Levels

**Bitcoin Ahr999 Indicator Hits 0.27—Well Below "Buy the Dip" Threshold of 0.45** Coinglass data shows the Bitcoin Ahr999 indicator fell to 0.27 on February 6, a sharp drop below its 0.45 "buy the dip" line. The last times the index reached this level were June 18, 2022 (amid the ETH market crash), November 22, 2022 (during the FTX liquidation event), and March 16, 2020 (the "3/16 crash"). Created by ahr999 to guide Bitcoin dollar-cost averaging (DCA) investors in timing their strategies, the index tracks short-term DCA returns and Bitcoin’s price deviation from its expected valuation. To date, there have been 572 days in Bitcoin’s history where the Ahr999 indicator has traded below the 0.45 threshold.

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Bitcoin Drops Below $64,000 Again

Bitcoin has fallen below $64,000, currently trading at $63,785 as of February 6, according to HTX market data. The cryptocurrency has recorded a 10.35% decline over the past 24 hours.

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Pump.fun has announced the acquisition of Vyper to expand its cross-chain transaction terminal business.

February 6th — Official sources confirm that Pump.fun has announced the acquisition of trading execution terminal provider Vyper. Financial terms of the deal were not disclosed. Vyper’s entire team and technical staff will join Pump.fun’s broader product ecosystem, and the company’s infrastructure will soon be migrated to Pump.fun’s Terminal platform. As previously reported, Pump.fun acquired Padre last year and rebranded it as Terminal, a multi-chain trading platform.

1 minutes ago