Cryptocurrency Fear and Greed Index Rises to 17, Still in "Extreme Fear" Range

February 3rd — Per the Coinbob Popular Address Monitor, the largest on-chain gold short whale (alias "On-chain Stockholder," address 0xfc66...) has amassed an $80 million short position across commodities, with weekly profits hitting $9.4 million. In recent days, the address has closed positions to lock in profits: it drastically cut its on-chain U.S. stock shorts (primarily tracking the XYZ100 Nasdaq 100 Index) from ~$19.6 million to under $300k, then redirected those funds to precious metals shorts, pushing total short exposure to $47 million. Its top short is PAXG (on-chain gold) at $24.9 million. The account’s overall holdings have jumped to $115 million, with key shifts: - ~$57 million in remaining commodity shorts - ~$59 million in crypto long positions (aggressively buying the dip on XRP, SOL, ETH) - Sharply reduced chain-linked stock positions Compared to last Friday, its main commodity positions are: - 5x PAXG: $12M → $24.9M; avg price $5,250 → $4,991; ~$980k

On February 3, South Korean fintech firm Hecto joined the Circle Payment Network (CPN). The partnership aims to provide enterprises with compliant cross-border stablecoin-powered fiat payment solutions, enabling efficient fund transfers from South Korea to international markets.

On February 3, ARK Invest CEO Cathie Wood told the podcast *The Rundown* that gold’s current price relative to the M2 money supply has hit an all-time high—surpassing levels seen during the 1970s high-inflation era or the 1930s Great Depression (periods marked by extreme currency collapse or hyperinflation). But the current macro environment tells a different story: expanding money supply, no economic collapse, and ample liquidity. This means gold has “priced in the worst-case scenario/fear” and is in a phase of “irrational exuberance,” likely to see a pullback. Bitcoin, however, is still in its early stages. “If I were a bold investor, I’d switch from gold to Bitcoin right now,” she noted. Wood also reaffirmed her bullish price target for Bitcoin: $1.5 million by 2030.

Feb. 3 — Per on-chain analyst Ai Auntie (@ai_9684xtpa), a whale address (0x282...515A) has deposited 18,100.2 ETH to OKX over the past 15 hours. The holding is valued at $41.992 million, with a potential $14.48 million loss if sold. Since Jan. 20, the address has sold 51,780 ETH total (worth $133 million) at an average deposit price of $2,577, resulting in an expected cumulative loss of $28.11 million. Currently, the address’s on-chain balance is just 1,128 ETH.

February 3rd – Binance has identified technical issues with its withdrawal function, per official sources. The team is addressing the problem urgently, and affected services will be restored as quickly as possible. Real-time updates on the latest progress will be shared promptly.

On February 3rd, Chaitanya Jain—Bitcoin Strategy Manager at Strategy—posted on social media, stating: “We’re not traders. We don’t speculate, nor do we try to time the market. No technical analysis, no drawing lines on charts. Bitcoin will keep rising. There’s only one strategy in the world: Buy and HODL.”