A whale market sold its ETH and BTC positions, realizing a profit of $1.575 million, but ultimately only made a profit of $85,000

On February 17th, Abstract Chain contributor 0xCygaar published an article introducing ClankerZone—a social trading platform for smart entities built exclusively for the OpenClaw agency. Backed by Privy, Clanker, and ERC-8004, the platform lets agents initiate trades, share token-related opinions, and interact with one another. A new token launched via Clanker’s v3.1 SDK enables agents to retain 80% of their trading profits. Users signing up for ClankerZone receive a Privy agent wallet for cross-chain trading. Notably, ClankerZone is an experimental project tied to the Smart Entity Economy and has not been endorsed by the Abstract team. As of now, the platform has no native token—though its trading volume has hit 200 ETH.

On February 17, CryptoQuant’s Long/Short Ratio fell to its lowest level since the 2022 FTX collapse. This metric gauges market sentiment by comparing the Market P&L Ratio to its 365-day moving average. Historical data shows similar extreme bear market levels often signal a bottom formation.

On February 17, CryptoQuant analyst Darkfost noted that data shows Binance’s whale Bitcoin inflow ratio surged from 0.4 on February 2 to 0.62 on the 15th—reflecting a larger share of Bitcoin deposits from big holders and potentially ramping up market selling pressure. Darkfost’s analysis pointed out some of the inflows are linked to activity from the “BTC OG Insider Whale.” On-chain data shows this whale has deposited roughly 10,000 BTC into Binance over the past two weeks. Darkfost added this isn’t an isolated trend: multiple whales have sent significant Bitcoin transactions to the exchange, not just because Binance has ample liquidity, but also because uncertain market conditions are pushing investors of all kinds to reevaluate their risk exposure and strategies.

On February 17, Cointelegraph reported that Wyoming U.S. Senator Cynthia Lummis has stated Kraken will provide financial support for “Trump Accounts” set up for newborns in the state. Kraken Co-CEO Dave Ripley noted that the company chose to locate its headquarters in Wyoming because the state is “thoughtful and responsible” in crypto regulation and aims to give back to the local community.

Feb. 17 – Decentralized perpetual contract platform Lighter announced today that it has revised its liquidity provider (LP) infrastructure, rolling out separate LP strategies for distinct market types (including real-world assets, RWA). Risk management, liquidation procedures, and auto-deleverage (ADL) will now be administered at the strategy level, allowing LPs to direct more liquidity to newly listed markets.

On February 17, OpenSea announced it will host a live stream event on March 30 to unveil its latest product updates and future roadmap, noting the event will kick off the platform’s “next chapter.” In response to community speculation about when its token generation event (TGE) will occur, OpenSea CMO Adam Hollander said in a Discord post that no updates have been made since the last official announcement—and he can’t share additional details at this time.