If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

February 21st — Per Onchain Lens monitoring, the "BTC OG Insider Whale" reportedly sold roughly 60% of its Bitcoin holdings. After the whale transferred 11,318 BTC (valued at $760.61 million) to Binance, seven newly created wallets withdrew $464.48 million in USDT from the exchange. Approximately $296 million worth of BTC remains on Binance, with the potential for future withdrawals or ongoing retention.

On February 21, per LookOnChain monitoring, crypto whale AHdUMw purchased 121,368 SOL just two hours ago—using 10.26 million USDC at an average price of $84.57.

February 21st — Bitget market data shows U.S. major stock indexes closed higher Friday: the Dow Jones Industrial Average (Dow) rose 0.48%, the Nasdaq Composite gained 0.90%, and the S&P 500 added 0.71%. Crypto-related stocks were mixed, with the following moves: - Coinbase (COIN): +3.26% - Circle (CRCL): +1.78% - MicroStrategy (MSTR): +1.24% - Gemini (GEMI): -3.0% - Bit Digital (BTBT): +0.85% - SharpLink Gaming (SBET): -1.18% - Bit Digital (BTBT): -2.38% （Note: Duplicate entry in original data may be a typo） - ETHZilla (ETHZ): -1.37% - ALT5 Sigma (ALTS): -5.26% - American Bitcoin (ABTC): -1.96% - Kindly MD (NAKA): -2.26% - Solana Co (HSDT): +3.57% - Figure (FIGR): -11.57% （Note: The duplicate Bit Digital (BTBT) entry is retained as per original input; it likely reflects a typo in the source data.）

**MARA Finalizes 64% Stake Acquisition in France’s Exaion** MARA announced Friday its French subsidiary MARA France has completed the acquisition of a 64% stake in French digital infrastructure firm Exaion. The deal was initially struck in August 2023. Key transaction details: - NJJ Capital has formed a strategic partnership with MARA, taking a 10% stake in MARA France. - EDF Group will remain a minority shareholder and client of Exaion. Per a prior Bloomberg report, MARA purchased the majority stake for $168 million in cash from Exaion’s former parent EDF Pulse Ventures. The French government reviewed the deal over sovereignty concerns. Exaion’s board will include three representatives from MARA, EDF Pulse Ventures, and NJJ Capital, plus the company’s CEO and co-founder. Billionaire Xavier Niel and MARA CEO Fred Thiel will join the board together. The three parties said the partnership aims to: - Speed up Exaion’s expansion - Boost its secure cloud services and

On February 21, ProShares’ GENIUS Money Market ETF notched a record $17 billion in first-day trading volume, per The Block. The ETF holds assets meeting U.S. dollar stablecoin legal reserve requirements—including U.S. Treasury bonds. Structured to support issuers, the fund helps them fulfill daily redemption requests without offloading long-term bonds at a loss amid market stress.

**February 21st (Coindesk) — BNP Paribas’ French asset management arm is running a new Ethereum blockchain pilot, marking the first time it has issued tokenized shares of a French-registered money market fund.** The tokenized shares are issued on-chain via the bank’s Asset Foundry platform, using an Ethereum-based permissioned access model: holdings and transfers are restricted to eligible authorized participants to ensure compliance. In a statement, the company said the pilot is a one-time, limited internal group experiment designed to test end-to-end processes — from issuance and transfer agent services to tokenization and public blockchain integration — within a controlled regulatory framework. BNP Paribas Asset Management acts as the fund issuer, while its securities services division serves as transfer agent and broker.