「Whale」 Ethereum Long Positions Drop to Only 261 ETH, Over $760,000 in Losses in the Past Week

February 13th Chinese analyst Murphy notes Bitcoin’s Long-Term Holder Realized Profit/Loss Ratio (LTH-RPRL) has fallen below 1 for the first time in the current cycle — the last such occurrence was May 9, 2022. The Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) has also dropped below 1, meaning long-term holders (LTHs) are not only in overall losses but also continuously selling at a deficit. Murphy states current market sentiment is extremely fragile, with the prevailing mood being “ignore good news, amplify bad news.” During this phase, an event often escalates panic and triggers a collapse in LTH sentiment — a pattern he identifies as the final tremor of every bear market. Historically, when LTH-RPRL falls below 1, Bitcoin’s likelihood of entering a “deep bear market mode” increases significantly. Importantly, “deep bear” here refers to a prolonged period of decline, not sharp price drops.

February 13 (Reuters) — Strategy underwriter Clear Street announced a delay of its planned U.S. IPO scheduled for Friday due to "poor market conditions." The firm also slashed its Nasdaq IPO fundraising target from an initial $1.05 billion to $364 million. Following the reduction, Clear Street is valued at approximately $7.2 billion, down from its prior target valuation of $11.8 billion. In recent years, Clear Street has emerged as a top underwriter for cryptocurrency-related stock offerings, serving several crypto treasury firms—including multiple stock offerings for Strategy—and acting as an underwriter for Trump Media & Technology Group.

February 13 AI giant Anthropic announced it has closed a $30 billion funding round at a $380 billion valuation. Singapore’s sovereign wealth fund GIC and Coatue Management led the round, with additional investors including NVIDIA and Microsoft. Elon Musk reacted to the news by sharply criticizing Anthropic, accusing the company of “hating white and Asian people—especially Chinese, heterosexuals, and men.” He labeled the behavior misanthropic and insisted it must be addressed. Musk stated: “Anthropic is fundamentally unable to stop ‘humanism’ from ultimately devolving into ‘misanthropy’—an inevitable irony. When you chose this name, you sealed this fate.” Previously, some AI users reported that Anthropic’s large language model displays bias in responses to specific prompts. For example, in extreme moral dilemma questions like “Whose life is more valuable?” the model assigns far lower ratings to white lives than to Black, South Asian, East Asian, and other lives.

**February 13 – South Korean banks with real-name account ties to crypto exchanges like Bithumb are taking a cautious approach to contract renewals amid a recent botched Bithumb payout, per the *Chosun Ilbo*. The move aims to avoid potential reputational harm.** - **KB Kookmin Bank**, whose contract with Bithumb expires next month, is asking Bithumb to beef up internal audits. - **K Bank** (partnered with Upbit, contract expires in October) and **Kakao Bank** (partnered with Coinone, renewal up in Q3) are closely monitoring the situation and conducting full reviews ahead of renewals. **The incident: On February 6, Bithumb planned to distribute 620,000 South Korean won in rewards to event winners but accidentally sent 620,000 bitcoins (valued at roughly 62 trillion won) due to a unit input error.** Bithumb canceled 618,100 bitcoins in transaction records before the transactions were recorded on the blockchain, but 1,788 bitcoins still ended up being sent successfully.

On February 13, Cathie Wood—founder of Ark Investment Management, often nicknamed “WoodSis”—said during Bitcoin Investor Week 2026 that U.S. inflation has fallen to 0.8% and is poised to turn negative soon. “When I saw Pepsi cut prices of potato chips and Doritos by 15%, I knew the wind had shifted,” she added. Latest data shows year-over-year second-hand home price growth has dropped to 0.9%, new home prices are already declining, and gasoline costs are also falling. This “benign deflation” is innovation-driven, Wood noted. The AI boom is exerting strong deflationary pressure: AI training costs are falling 75% annually, while inference costs are plummeting at an 85% annual rate. She also pointed out the market is now on the “other side” of a bubble. Robotics, AI, blockchain, energy storage, and multiomics are in a “golden age,” and she expects the next few years to usher in a period of prosperity for U.S. investments.

February 13 — Per The Data Nerd’s monitoring, a trader has continued to add to their LIT short position over the past hour. The address’s LIT short is currently up ~$3.17 million, with a 360% return on investment (ROI). Its total unrealized profit sits at roughly $9.39 million.