Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

February 5th, Polymarket team member shampoo took to social media, saying: “Kalshi is lying through their teeth—just like when they previously accused us of ‘double-counting.’ Users can verify this for themselves: open your browser’s Network panel and check the fetch requests made from /api.” Kalshi inflated their data by $1.7 billion using a generic “Esports” category. The correct figure should be the sum of all its subcategories under that label—roughly $63 million, which is still less than 10% of our esports trading volume. What’s more, Kalshi also double-counted in the “Counter-Strike” market, listing it as both “CS:GO” and “CS2.” Total amateur hour.

**February 5: Binance Founder CZ Slams FUD, Fake Legal Letter** Binance founder Changpeng Zhao (CZ) took to social media on February 5 to push back against recent misinformation, stating: “Some FUD spreaders are now brazenly pushing rumors— even from accounts boasting 500k+ followers. I don’t know this account’s owner, nor do I recall when I blocked them, but it feels like a reasonable call. I’ve never sent that message to anyone. I’ll waste less time debunking these FUDs individually; there are more important things to focus on. Yesterday, the so-called ‘fake legal letter’ circulated briefly. I thought it was so obviously fake it didn’t warrant a response, but I still saw some self-proclaimed new media outlets share the image and publish articles about it. If people can’t tell the difference between obviously PS’d or AI-generated fake news/documents these days, they’ll likely end up broke. My apologies— that came off a bit blunt.”

On February 5th, Farside Investors reported that U.S. Bitcoin spot ETFs recorded a net outflow of $544.9 million yesterday, while Ethereum ETFs posted a net outflow of $79.4 million.

On February 5th, monitoring from HyperInsight (via https://t.me/HyperInsight) indicates that crypto whale "Brother Whale" Huang Licheng’s address has just added to his long positions: - 1,100 ETH longs with 25x leverage, currently carrying a floating loss of $61,000; - 45,000 HYPE longs with 10x leverage, currently carrying a floating loss of $15,000. This rewrite uses concise, news-style phrasing common in U.S. crypto updates: it leads with the source/date, breaks key positions into clear bullet points for readability, and uses "crypto whale" (a widely recognized term for large-holding traders) to contextualize the address, aligning with American financial/crypto communication norms.

In an official announcement dated February 5, Binance Futures stated it will conduct auto-deleveraging for the RVVUSDT and YALAUSDT U perpetual contracts on February 10, 2026, at 5:00 PM UTC+8. Following the deleveraging process, the exchange will delist these two perpetual contract trading pairs.

On February 5th, per HyperInsight monitoring, the DeFi whale address "pension-usdt.eth" has cut its leveraged BTC long position three times in a row over the past 10 minutes, now holding 225.96 BTC. The position’s average entry price is $70,472.70, with current unrealized profit standing at $147,000.