Binance Wallet: Opinion (OPN) Exclusive Booster Event Launches Today, Threshold 61 Alpha Points

**Feb 6: DeFi Dev Corp CIO/COO Parker White Takes to Social Media** Yesterday (Feb 5), Belade IBIT trading volume hit $10.7 billion—nearly double its prior all-time high. Option premiums reached ~$900 million, with both metrics setting new records. BTC and SOL declined in sync, while CeFi liquidations were lower. White suspects the volatility stemmed from a large IBIT position holder: likely one or more non-crypto hedge funds headquartered in Hong Kong, China. Data shows some funds hold extremely high IBIT positions (even as single-asset funds) to isolate margin risk. Today, silver plummeted and yen carry trade unwinds accelerated, ramping up market pressure and further hitting fund leverage positions. These funds may be trying to stem losses via high-leverage option trades, but losses keep mounting. Ultimate Bitcoin downside could wipe out their positions entirely. 13F filings are lagged—related position details won’t be public until mid-May—but the event’s massive scal

On-chain data as of February 6 shows that as Bitcoin continues to decline, Binance’s SAFU Fund has seen its BTC holdings shrink by 15% to $170 million. Currently, the fund’s USDC reserves remain at $800 million and will keep purchasing assets. Per the fund’s launch commitment, if Bitcoin keeps falling, SAFU will continue buying to maintain its position value above $1 billion.

On February 6th, Binance founder CZ took to social media to share that he’s currently collaborating with additional countries to launch their respective stablecoins, noting that all currencies should be represented on-chain.

Per LookOnChain monitoring on February 6, whale 0xEc0B was liquidated 21 times across long positions in BTC, ETH, ENA, WIF, NEAR, CRV, and DOGE during today’s cryptocurrency market crash, with total losses exceeding $19.7 million.

**Bitcoin Ahr999 Indicator Hits 0.27—Well Below "Buy the Dip" Threshold of 0.45** Coinglass data shows the Bitcoin Ahr999 indicator fell to 0.27 on February 6, a sharp drop below its 0.45 "buy the dip" line. The last times the index reached this level were June 18, 2022 (amid the ETH market crash), November 22, 2022 (during the FTX liquidation event), and March 16, 2020 (the "3/16 crash"). Created by ahr999 to guide Bitcoin dollar-cost averaging (DCA) investors in timing their strategies, the index tracks short-term DCA returns and Bitcoin’s price deviation from its expected valuation. To date, there have been 572 days in Bitcoin’s history where the Ahr999 indicator has traded below the 0.45 threshold.