Analyst: Dollar Rebound Strengthens Pressure on Gold and Silver Prices, Downward Pressure May Persist

On February 5, data from Coinglass shows that if Ethereum (ETH) falls below $2,000, the cumulative long liquidation intensity across major centralized exchanges (CEXs) will reach $754 million. Conversely, should ETH break above $2,200, the cumulative short liquidation intensity for these mainstream CEXs will hit $710 million. Note from BlockBeats: Liquidation charts do not display the exact number or value of contracts up for liquidation. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to nearby clusters—i.e., "intensity." Put simply, the chart shows how strongly the underlying asset’s price will react when it hits a specific level. A taller "liquidation bar" means the price will see a more intense response due to a liquidity cascade at that price point.

On February 5, per data from Coinbob Popular Address Monitor, the "Honorable Whale Trader" address (0x894...) fully closed out its long position in xyz:AMD (the AMD mapping contract) amid a 17.3% morning decline in the semiconductor sector. The position previously held 10,000 shares (valued at ~$2.1 million) and realized a ~$130,000 loss. Later the same day, the trader opened a long position in xyz:INTC (the Intel mapping contract) within the same sector. The current position totals 48,780 shares (~$2.38 million), with an average entry price of $48.33 per share and a small ~$24,000 floating profit as of now. This trader specializes in U.S. equities and on-chain precious metals trading. Previously, he was the largest long holder of on-chain gold and built a $40 million position across Nasdaq and copper.

As of February 5th, Coinglass data indicates that if Bitcoin drops below $68,000, the cumulative intensity of long liquidations across major centralized exchanges (CEX) will hit $6.16 billion. Conversely, if Bitcoin rises above $73,000, the cumulative intensity of short liquidations on major CEXs will reach $7.56 billion. BlockBeats Note: Liquidation charts do not display the exact number of contracts at risk of liquidation or the precise value of those contracts. Instead, the bars on these charts reflect how significant each liquidation cluster is compared to adjacent clusters—this is referred to as "intensity." As such, these charts illustrate how heavily a target price level will be impacted if Bitcoin reaches that threshold. A taller "liquidation bar" signals a more severe price reaction driven by a liquidity cascade.

As of February 5th, Lookonchain data indicates the vitalik.eth address is selling ETH at a rapid pace. Over the past three days, Vitalik has offloaded 2,961.5 ETH at an average price of $2,228—totaling roughly $6.6 million. Selling pressure continues to persist.

February 5th: Per HTX market data, Bitcoin briefly dropped to $70,140 but has since rebounded above $71,000, with its 24-hour decline narrowing to 6.83%.

**Feb 5 — HyperInsight monitoring (via t.me/HyperInsight) reports:** A BTC mainnet long address starting with 0x4b6 has faced continuous liquidation over the past 2 hours, totaling $11.46M. The largest single liquidation in this period hit $3.08M, ranking as the 2nd-largest single liquidation across the network in the last 6 hours. The address opened its BTC long position on Jan 19 with a $1.7M principal; its current account balance is now under $100k. - Its 40x-leveraged BTC long has had 158 BTC (~$11.22M) liquidated so far. Remaining position size: ~$3.98M. Floating loss: $490k (-492% loss rate). It’s just 0.54% away from the next liquidation price ($70,574). - Its 25x-leveraged ETH long is nearly wiped out in this round of liquidation. Earlier floating losses reached -1134% — equivalent to over 11x the position’s principal.