US Stock Futures Dive Further

February 5th — Per Lookonchain monitoring, the "Big Brother Whale" address tied to Huang Lizheng hasn’t thrown in the towel despite 262 liquidations. The whale just deposited an extra 249,950 USDC and continues leveraging ETH and HYPE. Current Positions: - 1,000 ETH (~$2.13M) | Liquidation Price: $1,933.21 - 26,000 HYPE (~$904K) | Liquidation Price: $26.93

Per Lookonchain monitoring on February 5th, a whale address (0x66cF) bought 9,485 ETH 5 months ago at the $4,721 peak, spending $44.78 million. One hour before the update, the same address sold all 9,485 ETH at $2,162 each, with a transaction volume of ~$20.5 million—realizing a $24.27 million loss (-54%).

On-chain data as of February 5 shows Bitmine holds 4.243 million Ethereum (ETH) tokens, with an average acquisition cost of roughly $3,849. Amid the recent sustained downturn in the cryptocurrency market, ETH has dropped to $2,115, pushing the firm’s ETH holdings to a record-high unrealized loss of $7.357 billion.

**February 5th Crypto & Market Update** Bitcoin slipped below $74,000 during U.S. stock market morning trading, as the prior day’s rebound from lows quickly fizzled. Tech stocks sold off again, dragging down crypto market sentiment. The Nasdaq 100 extended its weakness, with the software sector tumbling sharply—amplifying worries about the AI industry’s outlook. Crypto mining stocks tied to the AI infrastructure theme dropped in tandem: Cipher Mining, IREN, and Hut 8 all fell more than 10%. Earlier, AMD plunged 14% on weaker-than-expected 2026 performance guidance. On the macro front, U.S. economic data showed divergence: the services sector remained in expansion, but job growth slowed sharply. Some analysts argue the market may be underestimating the Federal Reserve’s potential easing moves in 2026.

**February 5th** Bitcoin is hovering near $74,000 as the crypto market continues to slide. Unrealized losses at Strategy—the world’s largest Bitcoin reserve firm—have widened to $1.464 billion. Strategy holds 713,502 BTC, with an average purchase price of $76,052 and a total cost basis of approximately $54.26 billion.

Per Bitget market data on February 5, AMD shares extended their decline, with intraday losses briefly widening to 16%—the chipmaker’s biggest single-day drop since 2018. NVIDIA (NVDA.O) shares also extended losses, last trading down 3%.