In the past hour, total liquidations across the network reached $112.53 million, with $106.97 million from long positions, with $5.56 million from short positions. BTC liquidation $83.72 million, ETH liquidation $25.34 million.

According to Odaily Planet Daily, Justin Sun posted on the X platform that rumors circulating online about his ex-girlfriend and compliance issues are all false. He stated that the company will fully cooperate with global judicial and law enforcement agencies to severely crack down on cybercrimes such as embezzlement, fraud, hacking, and illegal intrusion into computer systems to protect users' legitimate property.

Odaily Planet Daily reports that Wintermute CEO Evgeny Gaevoy, in an article published on the X platform, argues that the debate between public chains like SOL and ETH is meaningless because nothing truly significant is happening on-chain, and no one has emerged victorious. Stablecoins remain essentially centralized intermediaries; existing blockchains, especially perpetual contract exchanges, are unable to scale to CME levels due to risk engine bottlenecks; crypto assets like Bitcoin have lost their way in the "price surge," with institutional dominance replacing idealism, except for Vitalik Buterin who remains steadfast in his principles; furthermore, token design (buybacks, lock-ups, airdrops) has completely collapsed. However, he remains optimistic about the industry, believing the market is shaking off the "Trump pump" frenzy, weeding out speculative tourists and leaving behind true believers.

Odaily Planet Daily reports that the crypto market sell-off intensified before the US stock market opened, with Bitcoin briefly falling below the $70,000 mark, hitting a low of approximately $69,917. Market sentiment deteriorated simultaneously, with the crypto market's Fear & Greed Index dropping to 11, entering extreme fear territory—a level that has only been reached a few times in history. This round of sell-off is currently concentrated in the digital asset and precious metals markets, while the US stock market as a whole has performed relatively steadily. In precious metals, gold fell by more than 1%, breaking below $4,900 per ounce, while silver fell by more than 10%, dropping below $80 per ounce. Market observers point out that with the key earnings season approaching, there is a clear divergence within risk assets, with crypto assets and precious metals under pressure, while the US stock market remains resilient in the short term. (CoinDesk)

According to Huoxun Finance on February 5th, TheDataNerd reported that two hours ago, GarrettJin, a whale with total assets of approximately $4 billion, withdrew 80,000 ETH (approximately $167.8 million) from Binance.