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Data: Bitcoin trading below the average production cost of around $87,000, a typical sign of entering a bear market

2 hours ago

Feb 5th: Bitcoin was hovering above $70k, while its average production cost sits around $87k—creating a ~20% gap, a classic bear market sign. In the 2019 and 2022 bear markets, BTC prices fell below production costs but eventually rebounded. Bitcoin’s total network hash rate peaked at ~1,100 EH/s in October, then dropped ~20%. It’s now rebounded to 913 EH/s and starting to stabilize. At current prices, many miners are still unprofitable. With revenue lagging operating costs, miners must keep selling BTC to cover daily operations, energy bills, and debt repayments. But long-term, this situation won’t last much longer.
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Ethereum Treasury ETHZilla "Surrenders" Amid Downtrend, Shifts Focus to Real Estate Tokenization Business

On February 5, ETHZilla—formerly the 9th-largest Ethereum Decentralized Autonomous Treasury (DAT) firm—announced a pivot to real estate tokenization. The company has acquired $4.7 million in loans tied to 95 prefabricated and modular homes, with plans to tokenize these assets on an Ethereum Layer 2 network. The loans are secured by first-lien mortgages and carry an expected annual yield of ~10%, which will be converted into cash flow. ETHZilla’s shift comes amid a sharp drop in its Ethereum holdings: its stock has plummeted more than 90% from its August 2025 peak of $107, and the firm sold over $110 million worth of Ethereum last year for buybacks and debt repayment.

3 minutes ago

Tradeweb Markets has released its 2025 financial report, holding approximately 1.6 billion Canton Coins

February 5 — Businesswire — U.S.-based Tradeweb Markets, operator of stock exchange electronic trading platforms, has released its full-year 2025 financial report. The firm’s annual total revenue rose 18.9% year-over-year to $2.1 billion. As of year-end 2025, Tradeweb held approximately 1.6 billion Canton Coins, valued at roughly $242.7 million.

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The Whale Guard Whale stepped in to buy the dip on Ethereum, purchasing 1994.98 ETH in the last hour.

On-chain analyst Ai Auntie (@ai_9684xtpa) noted on February 5th that the Ethereum Sentry Node whale dubbed the "7 Siblings" has resumed bottom-fishing for ETH. Over the past hour, the whale bought 1,994.98 ETH on-chain at an average price of $2,070.31, totaling $4.13 million. In the last 19 hours, it has accumulated an additional 4,813.22 ETH—worth $10.08 million overall—with an average cost of $2,094.31 per ETH.

3 minutes ago

Binance Alpha will list Rainbow (RNBW) today.

Today (February 5th), Binance Alpha is launching Rainbow (RNBW). Eligible users can claim the airdrop using Alpha Points on the Alpha page once trading opens.

3 minutes ago

Bitcoin Treasury Company Nakamoto Moves 933 BTC

On February 5th, per LookOnChain data, Bitcoin treasury firm Nakamoto—holding 5,400 BTC (approx. $376.4M)—has transferred 933 BTC (approx. $65M) to a new wallet.

3 minutes ago

Bullish has released its Q4 2025 Financial Report, with Adjusted Revenue of $92.5 million

On February 5, cryptocurrency exchange Bullish (BLSH) released its Q4 2025 financial report—with digital asset sales hitting $64.3 billion, a net loss of $563.6 million, adjusted revenue of $92.5 million, and adjusted EBITDA of $44.5 million, all at record highs. Bullish’s options trading volume topped $9 billion, while open interest stood at $4 billion, solidifying its spot as the second-largest Bitcoin options trading platform.

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