Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

Per Coinglass data as of February 17, here’s a key breakdown of Bitcoin’s liquidation risks across major centralized exchanges (CEXs): - If Bitcoin falls below $66,000, cumulative long liquidation intensity on mainstream CEXs will reach $834 million. - Conversely, if Bitcoin breaks above $70,000, cumulative short liquidation intensity on these platforms will hit $572 million. **BlockBeats Note**: Liquidation charts do not display the exact number or value of contracts at risk of liquidation. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to its adjacent clusters — meaning "intensity." In short, the chart shows how impactful reaching a specific price level will be. A taller "liquidation bar" signals the price will face a more intense reaction from a liquidity cascade when hitting that level.

On February 17, per monitoring by HyperInsight (https://t.me/HyperInsight), Li-Cheng Huang (known as “Brother Ma Ji” of the Brotherhood) sold a portion of ETH and altcoins from his wallet, then increased his holdings of BTC, ETH, and HYPE on the Hyperliquid exchange. Current positions are as follows: - 25x long on 6,200 ETH, entry price $2,006.88, liquidation price $1,847.69 - 40x long on 25 BTC, entry price $68,645.90, liquidation price $33,872.44 - 10x long on 55,000 HYPE, entry price $31.09, liquidation price $14.44

Feb 17 – Market maker Wintermute has officially launched its over-the-counter (OTC) business for institutional-grade tokenized gold trading, supporting the two leading gold-backed tokens: Pax Gold (PAXG) and Tether Gold (XAUT). Wintermute noted it will offer algorithmically optimized spot execution services to institutional clients, enabling trading of PAXG and XAUT against USDT, USDC, fiat currencies, and major cryptocurrencies—with on-chain real-time settlement and hedging capabilities. Data indicates tokenized gold trading volume hit $126 billion in Q4 2025, surpassing the top five gold ETFs’ trading volume for the first time in the same period. The on-chain gold market cap has jumped over 80% in the past three months, from $2.99 billion to $5.4 billion, reflecting market demand for 24/7 liquidity and instant settlement. Wintermute CEO Evgeny Gaevoy said gold is undergoing an infrastructure upgrade similar to the forex market. With accelerating institutional adoption, the t

**Bitcoin Fluctuates Narrowly After Brief $70k Touch; $120M in Liquidations Over 4 Hours** According to Cointelegraph, on February 17, Bitcoin briefly touched $70,000 before paring gains quickly amid light trading volume across global markets during the holiday. The price has since fluctuated in a tight range, washing out both long and short positions in a liquidation-like move. Holiday-thinned order book depth has made it easier for big funds to sway short-term price action. Data shows total liquidations across the network hit $120 million over the past 4 hours. Buy and sell walls popped up repeatedly on order books, only to be quickly rebuilt after being taken out — adding resistance above current levels and ramping up short-term downside pressure. Analytics firm Material Indicators labeled the current trend a mix of “breakout and washout.” Technically, Bitcoin’s weekly Relative Strength Index (RSI) has dropped to 27.8 — its lowest level since June 2022 — falling below the 3

February 17 Per Decrypt, if Bitcoin posts a February decline, it would mark its fifth straight monthly drop—setting a record for the longest streak of losses since the 2018 bear market. The current February slide stands at 13.98%. Since its all-time high in October 2025, Bitcoin has dropped 52.44%—only 3.82 percentage points shy of the 56.26% maximum drawdown seen in the 2018 bear market. The decline has unfolded in just 123 days. Total crypto market capitalization is $2.33 trillion, down 1.33% over the past 24 hours. While the Fear & Greed Index has risen from 8 to 12, it remains in “extreme fear” territory. Market predictors currently put a 60% probability on Bitcoin hitting $55k first, rather than $84k. Technically, Bitcoin’s price remains below its 200-day exponential moving average (EMA200), and the EMA200 sits below the EMA50—signaling bearish momentum. The Relative Strength Index (RSI) is at 34.7 (oversold territory), while the Average Directional Index (ADX) is 56.4,

**Hong Kong SFC Adds Victory Fintech to Licensed Virtual Asset Trading Platform List** On February 17, the Securities and Futures Commission (SFC) of Hong Kong announced Victory Fintech Company Limited has been added to its official roster of licensed virtual asset trading platforms. The regulator’s website now lists 12 licensed crypto and blockchain-related institutions—marking the first new crypto exchange license approval since Hong Kong’s BGE was greenlit in June 2025. Since June 2024, Hong Kong authorities have criminalized operating unlicensed virtual asset trading platforms, pushing several exchanges out of the market. Exchanges including OKX and Bybit have also withdrawn their license applications. Additionally, Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui previously noted regulators plan to submit a legislative proposal on cryptocurrency asset service providers in 2026. While the SFC has licensed 12 firms, the Hong Kong Monetary Author