10 #Bitcoin ETFs outflows 4,964 $BTC(-$458.3M) and 9 #Ethereum ETFs outflows 4,701 $ETH(-$15.21M) yesterday.

**Bitcoin & Ethereum Funding Rates Update (Feb 4)** Per Coinglass data, Bitcoin briefly dipped below $73k early Feb 4 before rebounding above $76k. Funding rate trends show: - Bearish sentiment has eased from yesterday but remains dominant. - Bitcoin’s rates across exchanges flipped from negative to positive, though the bearish trend persists. - Ethereum’s rates are still negative on most platforms—shorts are paying longs to hold positions, signaling stronger bearishness for ETH. **BlockBeats Note**: Funding rates align perpetual contract prices with underlying assets (exchanges don’t charge this fee; it’s a transfer between long/short traders). - 0.01% = baseline rate. - Above 0.01% = generally bullish. - Below 0.005% = generally bearish.

On February 4, Binance announced the launch of a Spot TWAP order feature in an official statement. This tool lets users execute large orders in batches, helping them secure a more favorable market average price while minimizing slippage and market impact.

Cointelegraph reported on February 4 that Coin Metrics has observed a sharp decline in Ethereum network fees since the network’s Fusaka upgrade in December 2025, which has boosted the efficiency of on-chain operations. Currently, Ethereum’s average daily transaction volume exceeds 2 million, and active addresses are up 60% from their prior average level. Coin Metrics noted that low gas fees have spurred a surge in "dusting attacks": stablecoin (USDC and USDT) "dust transactions" now account for roughly 11% of total Ethereum transaction volume and 26% of daily active addresses. Before the upgrade, dust transactions made up only 3%-5% of total volume—but that share has tripled post-upgrade. A dusting attack refers to hackers sending small amounts of tokens to random addresses to track wallets or disrupt the network.

February 4: Onchain Lens data shows whales continued accumulating gold-backed tokens as gold again topped $5,000. - Whale address 0xf56 spent 8.09M USDC to buy 1,636.77 XAUT at $4,943 each. - Whale address 0xa92 used $6M worth of WBTC and stETH to purchase 564.27 PAXG + 631.56 XAUT, averaging $5,020 per token. - Whale address 0x09e allocated 4.85M USDT for 977 XAUT at $4,961 each.

Feb 4 — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), crypto KOL CBB (@Cbb0fe on X) has been adjusting positions on Hyperliquid lately, maintaining a large short position in the blockchain’s commodity chain. His current total position size exceeds $40.8 million, with recent key positions leaning bearish on silver and semiconductor storage sectors. ### Current Account Metrics - Total short position: ~$37.4 million - Total long position: ~$2.45 million - Cumulative profit: ~$9.3 million - Weekly profit: ~$1.27 million ### Key Positions Positions are concentrated in SILVER (Silver Synthetic Contract) and shorts on INTC (Intel), SNDK (SanDisk), and MU (Micron). Details: - xyz:INTC (3x Short): ~$6.9M size, avg price $49, liquidation ~$62.9 - xyz:SILVER (3x Short): ~$6M size, avg price $85.3, liquidation ~$111 - xyz:SDK (3x Short): ~$5.16M size, avg price $665.2, liquidation ~$845 - xyz:MU (3x Short): ~$4.47M size, avg price $425.1, liquidat

February 4th, CoinDesk reported: Rui-Siang Lin—the alleged operator of dark web drug marketplace Incognito Market—was sentenced to 30 years in U.S. federal prison Tuesday, marking one of the largest online drug market cases since the Silk Road case. The U.S. Attorney’s Office for the Southern District of New York stated Lin used cryptocurrency and anonymous tools to hide his identity, but investigators linked him to the platform via domain records and digital traces. Lin, whose online alias was “Pharaoh,” pleaded guilty in December 2024 to multiple charges including drug conspiracy, money laundering, and conspiracy to sell counterfeit and mislabeled drugs. The office noted the platform facilitated over $105 million in illegal drug transactions between October 2020 and March 2024, with more than 640,000 transactions serving hundreds of thousands of global buyers.