10 #Bitcoin ETFs outflows 2,152 $BTC(-$201.21M) and 9 #Ethereum ETFs outflows 45,684 $ETH(-$148.11M) yesterday.

On February 5, Bitcoin fell below $71,000, triggering its first weekly RSI oversold signal since June 2022—currently at 29.21, per TradingView data. The Relative Strength Index (RSI) is a widely used technical analysis indicator across stocks, futures, forex, and crypto. Developed by American technician J. Welles Wilder in 1978, it measures the speed and magnitude of price moves to identify overbought/oversold conditions and potential reversal or trend continuation signals. Typically, RSI below 30 signals oversold territory. An RSI oversold signal does not guarantee an absolute price bottom. In June 2022, Bitcoin dropped below $18,000 with an RSI of ~26.2. During the FTX flash crash in November 2022, Bitcoin plummeted to $15,600—but its RSI hit 31.4, marking a divergence from the June low (price hit a new low, but selling pressure eased).

On February 5, data from Coinglass shows that if Ethereum (ETH) falls below $2,000, the cumulative long liquidation intensity across major centralized exchanges (CEXs) will reach $754 million. Conversely, should ETH break above $2,200, the cumulative short liquidation intensity for these mainstream CEXs will hit $710 million. Note from BlockBeats: Liquidation charts do not display the exact number or value of contracts up for liquidation. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to nearby clusters—i.e., "intensity." Put simply, the chart shows how strongly the underlying asset’s price will react when it hits a specific level. A taller "liquidation bar" means the price will see a more intense response due to a liquidity cascade at that price point.

On February 5, per data from Coinbob Popular Address Monitor, the "Honorable Whale Trader" address (0x894...) fully closed out its long position in xyz:AMD (the AMD mapping contract) amid a 17.3% morning decline in the semiconductor sector. The position previously held 10,000 shares (valued at ~$2.1 million) and realized a ~$130,000 loss. Later the same day, the trader opened a long position in xyz:INTC (the Intel mapping contract) within the same sector. The current position totals 48,780 shares (~$2.38 million), with an average entry price of $48.33 per share and a small ~$24,000 floating profit as of now. This trader specializes in U.S. equities and on-chain precious metals trading. Previously, he was the largest long holder of on-chain gold and built a $40 million position across Nasdaq and copper.

As of February 5th, Coinglass data indicates that if Bitcoin drops below $68,000, the cumulative intensity of long liquidations across major centralized exchanges (CEX) will hit $6.16 billion. Conversely, if Bitcoin rises above $73,000, the cumulative intensity of short liquidations on major CEXs will reach $7.56 billion. BlockBeats Note: Liquidation charts do not display the exact number of contracts at risk of liquidation or the precise value of those contracts. Instead, the bars on these charts reflect how significant each liquidation cluster is compared to adjacent clusters—this is referred to as "intensity." As such, these charts illustrate how heavily a target price level will be impacted if Bitcoin reaches that threshold. A taller "liquidation bar" signals a more severe price reaction driven by a liquidity cascade.

As of February 5th, Lookonchain data indicates the vitalik.eth address is selling ETH at a rapid pace. Over the past three days, Vitalik has offloaded 2,961.5 ETH at an average price of $2,228—totaling roughly $6.6 million. Selling pressure continues to persist.

February 5th: Per HTX market data, Bitcoin briefly dropped to $70,140 but has since rebounded above $71,000, with its 24-hour decline narrowing to 6.83%.