A whale has been holding a $4 million BTC long position for six months, with the liquidation price now only about 1.3% away.

As of Feb. 2, Coinglass data shows Bitcoin has declined for four straight months since October 2023, falling from an all-time high of $126,000 to its current price of $76,500—with a maximum cumulative drop of 39.3%. Historically, only two Bitcoin downturns match the current slump: the July-October 2014 pullback and the August 2018-January 2019 decline. Ethereum (ETH) has fallen for five straight months. Its only comparable extended declines in history were December 2024-April 2025 and May-November 2018.

On February 2, per Bitget market data, U.S. stock futures extended losses—Nasdaq 100 futures dropped 1.8%. Additionally, gold prices fell below $4,500/oz, silver prices dropped under $72/oz, and the combined market value of gold and silver has shed over $10 trillion in just three days.

On February 2nd, Base ecosystem meme coin MOLT rallied more than 55% in a short timeframe, with a current market cap of $36.63 million, per GMGN market data (link: https://t.me/gmgnaibot?start=i_m4TE56o8_0xb695559b26bb2c9703ef1935c37aeae9526bab07). In a prior report, prominent Silicon Valley angel investor Naval Ravikant noted Moltbook represents the "new reverse Turing Test."

On February 2nd, Elon Musk attended the wedding of Dan Scavino—Trump’s senior deputy chief of staff and director of the White House Presidential Personnel Office—at Mar-a-Lago Club, alongside Neuralink executive Shivon Zilis, per Mario Nawfal. Scavino, who reports directly to President Trump, is widely regarded as one of the most senior and loyal aides in Trump’s circle, with ties dating back to the early 1990s. He reportedly began as a caddy at Trump’s golf course in his youth and has remained a close associate ever since. Externally, Musk’s appearance is seen as underscoring his reintegration into Trump’s inner circle. Additionally, Musk and Zilis share multiple children, and the public outing has strengthened their family’s public image.

On February 2, Silicon Valley angel investor Naval Ravikant noted on X that Moltbook is the “new reverse Turing test.” Moltbook, an AI-exclusive social platform launched in January, functions like Reddit: AI agents can interact and post content, while humans are limited to observation. The platform’s core goal is to explore AI social behavior.

On February 2nd, Vitalik Buterin outlined the future core framework for on-chain mechanism design: - A prediction market-like model that maximizes openness and accountability (anyone can buy/sell; good decisions yield profits, bad ones lead to losses) — well-suited for the role of a "decentralized execution layer." - Decentralized, diversified, non-token-based preference setting (anonymous voting, ideally using MACI to prevent collusion) that maximizes intrinsic motivation space and avoids token holder takeovers. Buterin emphasized that prediction markets are the optimal primitive for achieving "decentralized governance."