Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin Rebounds Above $94,000, Ethereum Rebounds Above $2,500

On February 3rd, according to HTX market data, Bitcoin rebounded and is now trading at $94,153, which is above $94,000. Ethereum also rebounded and is now trading at $2,511, which is above $2,500.

Total Open Bitcoin Futures Liquidations across all exchanges have surpassed $60 billion, with a 24-hour decline of 6.35%.

On February 3rd, based on Coinglass data, the total open interest for Bitcoin futures contracts across all exchanges reached 644,000 BTC (approximately $59.899 billion), and it decreased by 6.35% within 24 hours.

CryptoQuant CEO: Bitcoin 'Kimchi Premium' Reaches 12%, Hits Three-Year High

On February 3rd, Ki Young Ju, the CEO of CryptoQuant, posted on the X platform and said, "The 'Kimchi Premium' of Bitcoin has reached 12%, reaching a three-year high. The main reason for the drop in BTC appears to be the strengthening of the DXY (Dollar Index)."

Bitcoin briefly drops below $92,000

On February 3rd, according to HTX market data, Bitcoin briefly fell below $92,000, with a 24-hour decrease of 8.8%.

Bitcoin Drops Below $93,000

On February 3rd, based on HTX market data, Bitcoin fell below $93,000, experiencing a 24-hour decline of 8.3%.

Bitcoin drops below $94,000

On February 3rd, according to HTX market data, Bitcoin fell below $94,000, with a 24-hour decline of 7.3%.

Bitcoin Drops Below $95,000

On February 3rd, according to HTX market data, Bitcoin fell below $95,000, experiencing a 24-hour decline of 6.3%.

Bitcoin Falls Below $96,000

Update: On February 3rd, based on HTX market data, Bitcoin dipped below $96,000 with a 24-hour decline of 5.2%.

Bitwise Chief Strategy Officer: Trump's Tariff Policy Could Drive Bitcoin Higher in the Long Term

On February 3rd, Jeff Park, the Chief Strategy Officer of Bitwise Alpha, stated that in the long run, Trump's trade tariff policy will cause the price of Bitcoin to rise. This is because it will lead to the weakening of the US dollar in the global currency market and a decline in US Treasury yields.

Bitcoin briefly drops below $97,000

On February 3rd, based on HTX market data, Bitcoin briefly fell below $97,000 and is currently trading at $97,104, with a 24-hour change of -3.5%.

Bitcoin Drops Below $98,000

On February 3rd, based on HTX market data, Bitcoin has fallen below $98,000 and is currently trading at $97,853, experiencing a 24-hour decline of 4.3%.

Michael Saylor: Never Sell Your Bitcoin

On February 2nd, the founder of MicroStrategy, Michael Saylor, posted on X and said, "Never sell your Bitcoin."

If Bitcoin drops below $97,000, the mainstream CEX long liquidation pressure will reach 983 million.

On February 2nd, based on Coinglass data, if Bitcoin drops below $97,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $983 million. Conversely, if Bitcoin rebounds above $102,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $1.402 billion. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that when the price reaches that level, there will be a more intense reaction due to a liquidity cascade.

Bitcoin Price Drops to $99,000

On February 2nd, based on HTX market data, Bitcoin dropped to reach $99,000. It is currently trading at $99,215, with a 24-hour decrease of 2.59%.

CZ: Sharing an Unpopular Viewpoint, You Need Bitcoin Much More Than Bitcoin Needs You

On February 2nd, the founder of Binance, CZ, posted on social media, stating, "An opinion that may not be widely popular: You require Bitcoin more than Bitcoin requires you."

ZhuSu: The more tokens are issued, the more Bitcoin's scarcity becomes evident

On February 2nd, Zhu Su, the founder of Three Arrows Capital, stated in a social media post, "With thousands of tokens being issued every day, the non-fungibility of Bitcoin becomes even more obvious."

Data: January Bitcoin Mining Revenue reached $1.4 billion, showing a 2.78% decrease compared to the previous month

On February 2nd, based on The Block's data, Bitcoin mining revenue in January 2025 amounted to $1.4 billion, which was a 2.78% decrease from the $1.44 billion in December 2024.

The US Bitcoin Spot ETF has seen a cumulative net inflow of $5.595 billion this week.

On February 2nd, according to the data monitored by farside, the US Bitcoin spot ETF witnessed a total net inflow of $5.595 billion this week.

Bitcoin Falls Below $100,000, 24-hour Loss 2.55%

On February 2nd, based on HTX market data, Bitcoin has fallen below $100,000 and is currently trading at $99,816, with a 24-hour decline of 2.55%.

El Salvador Becomes the World's First Country to Adopt Bitcoin as Legal Tender

February 2nd: El Salvador, which was formerly the first country to adopt Bitcoin as legal tender in the world, has now become the first country to reverse this policy. The Salvadoran Congress (controlled by the ruling party) quietly passed an amendment to the "Bitcoin Law," taking away Bitcoin's official currency status and making its use completely optional based on individual preferences. This reform was carried out under the pressure from the International Monetary Fund (IMF) over the past two years. The IMF's approval of a $1.4 billion loan was conditional on the Salvadoran government "reducing the risks of Bitcoin." President Nayib Bukele urgently needed this funding, so the government had to amend the law by the end of January to obtain the loan. Bitcoin is no longer a "currency," and its use is now completely voluntary. Members of Congress amended six clauses of the "Bitcoin Law" and abolished three clauses (the law had a total of 16 clauses since its implementation). From now

Bitcoin Surges Past $101,000

On February 2nd, according to HTX market data, Bitcoin saw a rebound and exceeded $101,000. The 24-hour decline was narrowed to 1.25%.

Bitcoin Network Transaction Volume Drops to Nearly an 11-Month Low in January

On February 2nd, due to the reduction in network activity, the Bitcoin network's unconfirmed transaction pool witnessed a sharp decline on Saturday. This led to multiple blocks being mined without being fully filled with transactions. According to The Block's data dashboard, in January 2025, the number of transactions processed by the Bitcoin network dropped to an 11-month low, continuing a three-month decline. The monthly transaction volume decreased by more than 43% compared to the historical high set in October 2024. A few days before the second inauguration ceremony of President Trump, Bitcoin's daily transaction volume experienced a significant increase but then declined again. Furthermore, Bitcoin's 7-day moving average transaction volume also dropped to the lowest level since February 2024.

Bitcoin Dips Below $101,000 This Morning

On February 2nd, based on HTX market data, Bitcoin dipped below $101,000 this morning. It is currently trading at $100,545, experiencing a 24-hour decrease of 1.69%.

CME Platform Bitcoin Futures Open Interest Sees a 24-Hour Decline of 4.79%

On February 1st, based on Coinglass data, the open interest of Bitcoin futures on the CME platform has witnessed a 4.79% decrease within the past 24 hours. Currently, it stands at 177,300 BTC (equivalent to USD 18.97 billion).

The United States: 15 states are pushing to establish a Bitcoin strategic reserve plan

On February 1st, Cointelegraph stated on social media that currently 15 U.S. states are in the process of advancing the establishment of a Bitcoin strategic reserve plan. Arizona and Utah have already been pushing for approval, and other states are also refining their proposals.

The probability of the United States establishing a Bitcoin national reserve by 2025 on Polymarket is 51%.

On February 1st, the probability on Polymarket that "The US will establish a Bitcoin national reserve by 2025" has reached 51%. As of the time of this writing, the total trading volume for this prediction has reached $581,400.

January U.S. Bitcoin Spot ETF Net Inflows $5.3 Billion

On February 1st, as monitored by Trader T, the January US Bitcoin spot ETF witnessed a net inflow of $5.3 billion. This includes: · BlackRock's BIT added an additional 30,956 bitcoins, with a total holding of 582,874 bitcoins. The net inflow for it was $3.2 billion (60% of last month). · Fidelity's FBTC had a net inflow of $1.2 billion.

Bitwise CIO: Bitcoin's traditional four-year cycle has ended, and the market is entering a new phase driven by macroeconomic factors

On February 1st, Matt Hougan, the Chief Investment Officer of Bitwise, stated in a letter to clients that the traditional four-year cycle of Bitcoin might have come to an end. Matt Hougan believes that with the influx of institutional investors and the maturing of the market structure, the price volatility and periodicity of Bitcoin will become more stable. It will no longer be significantly driven by halving events. The Bitcoin market is entering a new phase dominated by macroeconomic factors and long-term investment strategies. With the development of the crypto market, traditional market cycles may no longer be applicable, marking a shift towards broader institutional integration and sustained investor interest.

Yesterday's net inflow into the US Spot Bitcoin ETF was approximately $3.183 billion

On February 1st, based on data from Farside and Trader T, the net inflow into the US Bitcoin spot ETF yesterday was approximately $318.3 million.

Bitcoin dipped this morning to touch $101,553.53 and is now recovering above $102,000 USD.

On February 1st, based on HTX market data, Bitcoin dropped to as low as $101,553.53 this morning. However, it has since bounced back and is now above $102,000, with a 24-hour loss of 2.48%.

Zhu Su: Bitcoin May Rise to $188,000 by the End of 2025

On February 1st, Zhu Su, a co-founder of Three Arrows Capital, predicted that by the end of 2025, Bitcoin would reach $188,000, Ethereum would reach $8,888, and SOL would reach $888.

Bitcoin Surges Above $106,000 Briefly

On January 31st, according to HTX market data, Bitcoin briefly surpassed $106,000, with a 0.02% increase in the past 24 hours.

Genius Group Plans to Conduct a Rights Issue to Raise Up to $55 Million to Increase Its Bitcoin Holdings

On January 31st, the New York Stock Exchange-listed company Genius Group declared a rights issue to its shareholders. The net proceeds from this rights issue will be exclusively used to purchase Bitcoin, with an expected income of up to $33 million. Additionally, the company plans to seek an additional $22 million in loan financing. If both the rights issue and the loan financing are successful, Genius Group's Bitcoin reserves will rise from $45 million to $100 million.

Fed's Quarles: Legal Constraints Make Bitcoin Unsuitable as Reserve Asset

On January 31st, Federal Reserve's Gursbi stated that, in terms of the issue of Bitcoin reserves, the Federal Reserve is legally restricted and is unable to add such assets to its balance sheet. (Xinhua News Agency)

ZachXBT: A Coinbase user reportedly fell victim to a social engineering attack, resulting in a loss of $11.5 million worth of Bitcoin

January 31st. In the official channel, on-chain detective ZachXBT posted that last month, a user of Coinbase was said to have been targeted in a social engineering attack. As a result, the user suffered a loss of 110 cbBTC, which is worth $11.5 million, on the Base chain. The stolen funds were immediately exchanged through multiple platforms, bridged, and laundered. Then, they underwent a CoinJoin consolidation with funds from other Coinbase victims on Ethereum. Due to data breaches, email/phone fraud, lack of detection, and other reasons, Coinbase's social engineering scams lead to an annual loss of more than $150 million.

CZ: The EU Needs Bitcoin

On January 31st, CZ made a comment on the X platform, stating, "ECB President Christine Lagarde is ruining Europe." And further added, "The EU needs Bitcoin."

Bitcoin Breaks $105,000

On January 31st, according to HTX market data, Bitcoin exceeded $105,000 with a 24-hour variation of 0.06%.

The probability on Polymarket of Trump establishing a strategic Bitcoin reserve within 100 days of taking office has decreased to 15%.

On January 31st, the probability on Polymarket for the prediction that Trump will establish a strategic Bitcoin reserve within 100 days of taking office has decreased to 15%. Previously, on January 18th, it had increased to 48%.

Vitalik: Bitcoin Accounts for Less Than 10% of My Investment Portfolio

On January 31st, Vitalik Buterin, a co-founder of Ethereum, posted on social media, saying, "Less than 10% of my portfolio is in Bitcoin. No asset other than Ethereum constitutes more than 10%."

Total Bitcoin Open Interest Across All Exchanges Drops to $65.23 Billion

On January 31st, according to Coinglass data, the combined open interest of Bitcoin futures contracts across all exchanges reached 625,900 BTC (approximately $65.23 billion). Among them, the open interest of CME Bitcoin futures was 179,900 BTC (approximately $18.72 billion), ranking first. Binance Bitcoin futures had an open interest of 116,450 BTC (approximately $12.15 billion), ranking second.

Australia's Monochrome Spot Bitcoin ETF Holdings Reach 308 BTC

January 31st. Based on official data, the Monochrome Physical Bitcoin ETF (IBTC) based in Australia held 308 BTC as of January 30th.

Grayscale Bitcoin ETF transferred 690.934 BTC to a certain unmarked address

On January 31st, according to Arkham Monitoring, approximately 3 hours ago, Grayscale Ethereum ETF transferred 1324 ETH with a value of $4.33 million to a certain undisclosed address. And about 2 hours ago, Grayscale Bitcoin ETF transferred 690.934 BTC with a value of $72.17 million to a certain undisclosed address.

Bitcoin Falls Below $104,000, 24-Hour Loss 0.62%

On January 31st, based on HTX market data, Bitcoin fell below $104,000 and is currently trading at $103,998, showing a 24-hour decrease of 0.62%.

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $5.8899 billion

On January 31st, based on Farside Investors' data, yesterday the net inflow of the US Bitcoin spot ETF was $588.99 million. This included: - The net inflow of BlackRock IBIT yesterday was $322.39 million. - The net inflow of ARKB was $12.6 million. - The net inflow of EZBC was $6.1 million. - The net inflow of Grayscale BTC was $4.6 million.

Bitfinex Securities will Issue Bitcoin Mining Note BMN2 in El Salvador

On January 31st, as per Diario El Salvador, Jesse Knutson, the Chief Operating Officer of Bitfinex Securities, declared that the company intends to issue the Blockstream Mining Note 2 (BMN2) in El Salvador during the first quarter of this year. BMN2 is a tokenized financial instrument that enables investors to obtain Blockstream company's Bitcoin mining rewards by holding it. The previously issued BMN1 in Luxembourg has paid investors more than 1,212 BTC (approximately $70.68 million) over a three-year period, achieving a 108% return on investment. In contrast to the Luxembourg version, the BMN2 issued in El Salvador will reduce the investment threshold and no longer mandate a minimum investment of $100,000.

Tether has announced the integration of USDT into the Bitcoin ecosystem

On January 31st, the stablecoin issuer Tether announced the incorporation of USDT into the Bitcoin ecosystem, encompassing both the Bitcoin mainnet and the Lightning Network. This integration is founded on the Taproot Assets protocol developed by Lightning Labs. It will allow for rapid and low-cost transactions while making use of Bitcoin's security and scalability features.

Bitcoin fell to $104,762 this morning and is now trading at $105,117.

On January 31st, based on HTX market data, Bitcoin dropped to $104,762 this morning. Currently, it is trading at $105,117, with a 24-hour change of 1.02%.

The CME Group plans to launch Bitcoin Friday Futures Options (BFF) on February 24th.

January 30th. As per The Block, CME Group, which is the world's largest financial derivatives exchange operator, announced today that it intends to launch Bitcoin Friday Futures (BFF) on February 24th, subject to regulatory approval. BFF will be the first batch of cash-settled cryptocurrency options provided by the Chicago Mercantile Exchange. The expiry dates of these contracts are on every weekday from Monday to Friday. These contracts are of a small scale (with each unit representing only 1/50 BTC), expiring daily. This provides market participants with a capital-efficient tool to effectively adjust their Bitcoin exposure and is suitable for both institutional investors and active retail traders.

Bitcoin Surpasses $106,000

On January 30th, based on HTX market data, Bitcoin has exceeded $106,000, and the current price is $106,002.

ECB President: Confident EU Member States Will Not Choose Bitcoin as a Reserve Asset

On January 30th, European Central Bank President Lagarde expressed that she is of the opinion that EU member states will not select Bitcoin as a reserve asset. (CONFIDENT THAT BITCOIN WILL NOT BE INCLUDED IN EU RESERVES)