U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

On February 12, Binance released a statement saying: “Coinglass’s display of Binance outflow data is glitched due to issues with the third-party platform data it uses—similar to past instances where DefiLlama showed abnormal data. We expect its data to be restored within 24 to 48 hours.” Regular withdrawal tests across all trading platforms are a proactive, healthy practice. When doing these tests, always double-check addresses—only initiate a withdrawal after verifying they’re correct. All platforms should set up an annual “Withdrawal Day” to confirm their assets are legitimate.

February 12: Binance employee sisi addressed reports that Coinglass data showed a $3.76 billion 24-hour outflow from Binance, stating: "We spotted abnormal data on Coinglass and immediately contacted them. They confirmed an issue with the third-party data they rely on, which will take roughly 24-48 hours to fix." As of now, Binance’s fund inflows and outflows are normal, with no unusual large outflows. This statement clarifies the situation.

February 12 – Vontobel analyst Andrew Jackson noted U.S. job growth in January topped expectations, again underscoring the economy’s resilience. However, the data failed to provide policymakers with much clearer guidance. While the current economic landscape is more predictable than early last year, uncertainty surrounding the Federal Reserve remains higher than that of many other central banks. For fixed income investors, the key takeaway is: “Credit fundamentals remain sound, macroeconomic conditions are still favorable, and the U.S. economy has shown notable resilience.” Concerns over elevated corporate bond valuations are also less prominent now than a year ago. “I think credit spreads could hold steady at current levels or even narrow modestly further,” Jackson said (per FX Street).

On February 12, per 8Market data, Ethereum fell below $2,000, pushing its market capitalization to $231.97 billion—below PepsiCo’s $232.18 billion market cap—and landing it 86th among global mainstream assets.

On February 12, per Coinglass data, if Bitcoin drops below $65,000, cumulative long liquidation strength across major centralized exchanges (CEXs) will hit $675 million. Conversely, if Bitcoin rises above $69,000, cumulative short liquidation strength on major CEXs will reach $905 million. BlockBeats Note: Liquidation charts do not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on these charts represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "strength." As such, liquidation charts indicate how significantly the underlying asset’s price will react when it hits a certain level. A taller "liquidation bar" means the price will see a more intense reaction from a liquidity cascade once it reaches that threshold.

February 12: Greeks.live shared on social media that put options continue to dominate the market. Today, large-scale Bitcoin (BTC) put options traded over $1 billion, accounting for 37% of total options volume, with most contracts falling in the $60,000-$65,000 strike price range. For maturity, focus centers on medium-term options expiring next month (March) — a sign institutions hold a bearish view on the medium-to-long-term market trend. Bearish expectations are particularly strong for the 1-2 month horizon.