Centralized exchanges recorded a net outflow of 80,800 ETH over 24 hours on Feb. 3, Coinglass data cited by BlockBeats show. Binance saw the largest outflow at 61,100 ETH, followed by Kraken with 24,900 ETH and Coinbase Pro with 16,900 ETH. Bitfinex posted a net inflow of 30,600 ETH during the same period, leading all exchanges in ETH inflows.

Wintermute stated on Feb. 3 that Bitcoin fell below $80,000 for the first time since the April 2025 Trump tariff event, with crypto liquidations over the weekend reaching $2.55 billion, the tenth-largest on record, BlockBeats reports. The firm cited several macro drivers including weaker-than-expected earnings from U.S. "Mag7" stocks that hit the AI narrative, the surprise nomination of Kevin Warsh as Federal Reserve Chair, and a sharp pullback in precious metals where silver plunged as much as 26% intraday and triggered a CME circuit breaker. Wintermute noted that BTC broke down after two months of ranging between $85,000 and $95,000, with thin weekend liquidity and elevated leverage intensifying selling, and said crypto assets are currently the weakest performers among risk assets, indicating the market is still in a bear phase. The firm added that unlike prior structural crises linked to FTX or Luna, this drawdown has been driven more by macro and positioning factors without signs of systemic contagion, and suggested that if macro uncertainty eases and the monetary policy path becomes clearer in the second half of 2026, overall sentiment and capital interest could recover relatively quickly.

Ethereum falling below $2,200 could trigger cumulative long liquidation intensity of $476 million across major centralized exchanges, Coinglass data show as of Feb. 3. A move above $2,400 would align with cumulative short liquidation intensity of $944 million at major exchanges. The liquidation map does not display exact contract counts or precise position values; instead, its bars reflect the relative importance of each liquidation cluster presented as intensity, indicating how much the market might be affected when the price reaches a specified level. Higher liquidation bars signal a stronger reaction stemming from liquidity waves, BlockBeats reports.

A newly created wallet withdrew 380.38 BTC, worth about $29.77 million, from Binance on Feb. 3, OnchainLens data show. The funds were transferred to address bc1qllpnn5l67csc3clp4qvf7lvu9dyemrx06x6cz5.

Centralized exchanges recorded a net inflow of 3,219.35 BTC in the past 24 hours on Feb. 3, Coinglass data show. Bitfinex led inflows with 8,675.89 BTC, followed by Gemini at 3,818.28 BTC and Bitstamp at 682.21 BTC. Binance posted the largest outflow at 5,815.38 BTC.

An address dubbed "Ultimate Short" trimmed its BTC short position in the past 6 hours on Feb. 3, realizing about $2.32M on a $5.46M close-out, Coinbob on-chain monitoring data show. From a $136M peak since November, its short size is down about $120M; it still holds about $8.6M with unrealized gains of $3.65M (850%) at an average entry of $111,500. The wallet has taken profit five times and placed orders near BTC prices of about $76,200, while funding-rate settlements since May 9 total about $10M, per the same source.

Bitcoin fell below $78,000 on Feb. 3, with its 24-hour gain narrowing to 0.87%, HTX market data show. The figures reflect pricing on the HTX platform at that time.

An address known as the "ZEC largest short" (0xd475…) rapidly built an ETH long position valued at roughly $2.12 million on Feb. 3, Hyperinsight data show. The address opened its first ETH long at 15:47, purchasing 442.42 ETH for about $1.03 million, then executed five additional operations between 16:01 and 16:33 to average in and roll the position, accumulating about 780 more ETH. The total position reached $2.12 million with an average entry price near $2,320.96 per ETH and is currently showing a small unrealized profit. The same address previously established a large short on ZEC from around $184, at one point showing a floating loss of $21 million before turning profitable.

A newly created wallet address associated with HashKey Capital portfolio manager jacobzhao.eth withdrew 63,678 ETH worth about $14.73 million from Binance on February 3, OnchainLens data show. The funds were moved to address 0xD50Cb3E9b89d0aFcA0c69D8329ca26fc6e892d80.