Ethereum Whale Utilizes Flash Loans to Acquire 45,319 ETH

On February 2nd, per EmberCN data, Yihui’s subsidiary Trend Research continues to offload holdings—recently transferring 10,000 ETH worth $22.01 million to Binance.

February 2nd, per monitoring from EmberCN: A whale/institutional investor that previously netted $98.95 million from ETH price swings purchased a combined $208 million worth of cbBTC and ETH during the recent market sell-off. The breakdown: 60,392 ETH at an average entry price of $2,495 (totaling $150 million) and 750 cbBTC at an average entry price of $77,040 (totaling $57.78 million). Currently, the investor holds 150,000 ETH (valued at $330 million) and 750 cbBTC (valued at $57.78 million), with an unrealized loss of $80.65 million. The average cost basis for their ETH position is $2,726.

Feb. 2 — Per Bitget market data, precious metals are extending losses. Spot gold dropped to $4,530 per ounce, marking a 7.29% intraday decline. Spot silver slipped below $74 per ounce, with a 13.01% daily drop.

February 2nd — The largest BTC and ETH short holder on Hyperliquid, nicknamed the "Short Whale Commander" (address 0xd83), has closed all positions and exited the market, per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN, target="_blank"). Over the past week, the whale faced multiple liquidations, attempted a high-leverage long position shift, and ultimately incurred total losses exceeding $20 million. Its final position was a BTC long that yielded roughly $17,000 in profit. Over the past weekend, the remaining $58,700 in its account was withdrawn. Previously, the whale’s total positions neared $500 million, making it the top short holder across multiple coins. Recent liquidations included ~$199 million on Jan 22, ~$120 million on Jan 26, and ~$83 million on Jan 28. After switching to longs, it suffered additional liquidations: ~$61 million on Jan 29 and ~$27.5 million on Jan 30.

Per monitoring from TheDataNerd on February 2, Fenbushi Capital withdrew 2,432 ETH from Binance 10 minutes ago, worth roughly $5.44 million. Fenbushi Capital typically stakes all withdrawn ETH, and its total staked ETH now stands at 10,944, valued at around $24.48 million.

**Binance Reminder: Tokenized Stock Purchase Alpha Points Promo Ends Feb 3 at 20:59 UTC+8** On February 2, Binance notified users that its promotion awarding 5 Binance Alpha Points for buying $50 or more in tokenized stocks via Binance Wallet will expire at 20:59 UTC+8 on February 3. The campaign, first announced by Binance, runs from 21:00 UTC+8 on January 20 through 20:59 UTC+8 on February 3. Eligible users must complete a single transaction of $50+ in tokenized stock purchases on Binance Wallet, with one reward per user.