Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

February 3 — Per Lookonchain monitoring, Arthur Hayes has recently reduced his holdings in multiple cryptocurrencies, with several transactions showing a “buy high, sell low” pattern. Details follow: - **PENDLE**: Previously bought 1.4 million tokens at $2.06 each (≈$2.87 million); recently sold 327,869 tokens at $1.53 apiece (≈$502,000) - **ENA**: Purchased 15.8 million tokens at $0.23 each (≈$3.6 million); later sold 3.6 million tokens at $0.14 apiece (≈$499,000) - **LDO**: Also bought 2.3 million tokens at $0.56 each (≈$1.29 million); recently sold 2.31 million tokens at $0.42 apiece (≈$980,000) These moves have caught market attention, with some investors poking fun at his trading rhythm for tilting toward “buy high, sell low.” They also reflect the current market’s heightened volatility and shrinking risk appetite.

February 3rd: Markets shifted sharply from yesterday’s panic selling to a strong rebound today, currently trading above yesterday’s lows. - Gold jumped 11% to approximately $4,882; - Silver soared nearly 20% to around $85.24. Meanwhile, market expectations of a restart of U.S.-Iran nuclear negotiations have surged to 93%, gradually easing bearish pressure from geopolitical tensions.

On February 3rd, per HyperInsight monitoring (via t.me/HyperInsight), spot gold prices continued climbing today, hitting a high of $4,900 per ounce. The "Gold Main Force Bulls" address (0xb49...) began building positions around $4,800, ramping up holdings to ~$22.8 million within two hours. Currently, the address holds a 16x leveraged long position in xyz:GOLD (gold mapping contract) — worth ~$22.8 million, with an average entry price of $4,839, a liquidation price of $4,580, and ~$180,000 in realized floating profit (+9.5%). Additionally, it closed out all prior ETH positions totaling ~$28 million last night and this morning. It currently holds no crypto assets, focusing solely on long positions in precious metals via xyz:GOLD and xyz:SILVER (silver mapping contract), with a combined position size of ~$25.16 million.

On February 3, BIRB briefly surged over 46%—likely boosted by news that Upbit plans to list the token—pushing its market cap to $1.03 billion.

On February 3, analysis showed shrinking liquidity and fading risk appetite have sent cryptocurrency spot trading volume plummeting, with investor participation notably weakening. Data indicates spot volume on major exchanges has halved—from roughly $2 trillion in October 2023 to $1 trillion at the end of January—hitting its lowest range since 2024. CryptoQuant noted spot demand has cooled since October, with the market correction largely triggered by the October 10 liquidation event. Bitcoin’s spot price has dropped about 37.5% from its October high, further tightening liquidity and squeezing trading volume. For example, Binance’s monthly Bitcoin spot trading volume fell from around $200 billion in October to $104 billion currently. Beyond weak demand, liquidity faces additional pressure: Stablecoins are continuing to flow out of exchanges, while the total stablecoin market cap has shrunk by ~$10 billion—eroding the buying pressure base further. On the macro front, institutio

February 3rd — Several institutions note that the sharp rebound in gold and silver prices following a historic sell-off stems more from position adjustments and short-term catalysts than a trend reversal. While technical indicators appear overheated and positioning is crowded, the medium- to long-term drivers underpinning the gold and silver bull market remain solid. Deutsche Bank argues the recent sell-off in the metals has far outpaced apparent bearish signals. The willingness of official, institutional, and individual investors to allocate to gold and silver hasn’t materially weakened, and the current environment differs fundamentally from the long-term weakness phases the metals saw in the 1980s or 2013. Barclays also points out that gold demand remains resilient amid geopolitical uncertainties, rising policy risks, and ongoing reserve asset diversification. For silver, while its volatility is more pronounced due to its smaller market size and high retail participation, its i