Ethereum Briefly Falls Below $2000

Feb. 7 — Per Onchain Lens monitoring, the "BTC OG Insider Whale" deposited an additional 4,200 BTC to Binance just two minutes ago, with the crypto valued at roughly $285 million.

**February 7th** South Korean crypto exchange Bithumb has issued updates on its accidental Bitcoin airdrop incident: The platform has reported the matter to all relevant authorities and is fully cooperating with the Financial Services Commission’s (FSC) investigation. Bithumb says it will prevent human errors from escalating into accidents through robust systems and processes. The company will take full responsibility for customer losses: A sharp market price drop triggered panic selling under unfavorable conditions for users, and Bithumb will fully compensate affected customers—including additional compensation. Estimated losses total approximately 1 billion Korean won ($680,000). Bithumb also plans to establish a permanent 100 billion Korean won Customer Protection Fund to immediately safeguard customer assets in case of future accidents. In related news, Bithumb confirms it mistakenly airdropped 3% of Bitcoin’s total supply to users. It has recovered 99.7% of the airdr

On February 7, trader Eugene Ng Ah Sio posted on his personal channel that the BTC OG insider whale—whom Eugene believes to be Garrett Jin—has begun liquidating his BTC position. Not wanting to be this whale’s bag holder (Exit Liquidity), he liquidated his position again. The market has gotten extremely tough. Going forward, I’ll only act on trading opportunities with a very clear risk-reward ratio. This year’s dip buy was okay, but the result could’ve been much better.

On February 7, official sources confirmed that Coinbase has added Superform (UP) to its listing roadmap.

On February 7, per HTX market data, Bitcoin has fallen below $68,000, currently trading at $67,723—down roughly 3.5% over the past 30 minutes. Earlier, the "BTC OG Insider Whale" moved 5,000 BTC to Binance in the past two hours, plus a single 3,401 BTC transfer to the exchange 30 minutes ago.

Feb. 7: Bitcoin has dropped below $69k, currently trading at $68,893 per HTX market data. The "BTC OG Insider Whale" transferred 5,000 BTC to Binance in the past hour.