「Abraxas Capital」 Takes Profit on ETH Short, Position Size Reduced to $18.06M

February 2nd — Binance will convert its ZAMA pre-market contract to a standard trading contract starting at 21:00 Beijing time on February 2nd, per official sources. Trading of the ZAMAUSDT perpetual contract and existing positions will remain unaffected during the transition period. After the transition wraps up, the maximum leverage for the contract will be raised to 25x.

On February 2, per HTX market data, Bitcoin has climbed above $78,000 and is currently trading at $78,302.

On February 2nd, Bitget market data shows pre-market trading for U.S. crypto stocks posted a broad decline, with several key names seeing sharp drops. Notable moves include: - MicroStrategy (MSTR): Down 7.25% pre-market - BitMining (BMNR): Down 10% pre-market - Coinbase (COIN): Down 3.56% pre-market - Circle (CRCL): Down 2.36% pre-market - SharpLink (SBET): Down 10.70% pre-market - Bit Digital (BTBT): Down 4.93% pre-market - Ethzilla (ETHZ): Down 7.23% pre-market This rewrite aligns with U.S. financial news brevity, uses common "down X%" phrasing, and clarifies the "plummeting" context to match the listed crypto-related stocks (correcting a likely typo from "DAT company" to a logical framing of key crypto names).

On February 2nd, JPMorgan Chase chief U.S. economist Michael Feroli said in a report that Powell may lean toward cutting interest rates in the near term—at least this year. But he also warned: “As time passes, especially after the midterm elections and the government enters a lame-duck period, his stance will likely shift, even back to a more hawkish position.” Notably, JPMorgan didn’t revise its interest rate cut forecasts following Powell’s nomination. Feroli noted that even if Powell takes office, the bank still expects the Fed to “stay put” for the remainder of the year. A former Fed official who worked alongside Powell also thinks the “real Powell” will eventually emerge. The anonymous official told CNN: “Powell has wanted this job for too long. He’s a smooth operator, really good at climbing the ladder. But this role is his lifelong goal. If he just becomes a yes-man to get to the top, that would be a Pyrrhic victory. The longer he stays in the role, the more likely he is t

Feb. 2 — Binance Alpha has officially listed ZAMA today at 8:00 PM UTC, per market sources, with the token currently trading at $0.0386.

On February 2nd, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone noted that a key variable as silver and Bitcoin head back toward $50/oz and $50,000, respectively, could be the gradual return of stock market volatility. Until volatility normalizes, initiating new risk-on positions in these assets may not be prudent—especially given the evolving nature of former President Trump’s policies. A cautious short stance could be a reasonable call if silver breaks above $100 or Bitcoin nears $100,000. Reportedly, McGlone’s bearish take on Bitcoin grew notably persistent toward the end of 2025 and early 2026. Around November 2025, he began openly predicting Bitcoin could drop to $50,000 in 2026—roughly a 60% decline from its then-all-time high.