Whale Who Was "Shorting BTC Long-Term" Cancels $59,138 "Buy the Dip" BTC Limit Order

February 6 — Per blockchain analytics from LookOnChain, prominent ETH holder and staker Konstantin Lomashuk (co-founder of P2P.org and Cyber.Fund, @Lomashuk) appears to be offloading ETH. Two wallet addresses potentially linked to Lomashuk have transferred 12,458 stETH (roughly $23.76 million) and 2,566 ETH (roughly $5.38 million) to crypto market maker Wintermute.

On February 6, The Block reported that Strategy CEO Phong Le told investors the company’s balance sheet remains strong despite Bitcoin’s recent price drop. During Strategy’s fourth-quarter earnings call, Le noted Bitcoin would need to fall to $8,000 and stay there for five to six years to pose a meaningful threat to the company’s ability to repay its convertible debt. “In an extreme downside scenario—if Bitcoin drops 90% to $8,000—our Bitcoin reserves would match net debt, and we’d no longer be able to repay convertible bonds using those reserves,” Le said. “At that point, we may need to consider restructuring, issuing more shares, or taking on additional debt.”

On Feb. 6, GMGN monitoring data shows Solana meme coin WhiteWhale has continued to rally recently, with a market cap exceeding $120 million. It’s currently trading at ~$0.127, up 12% in the past 24 hours, on $4.9 million in volume. The White Whale — a well-known trader on X and Hyperliquid — currently holds ~$56 million in WhiteWhale tokens, accounting for 56.6% of the total supply. He has an unrealized profit of $18.1 million (29%) and has not sold any positions yet. The meme coin was initially created by fans using The White Whale’s avatar. He later took over the project and significantly increased his position through purchases. BlockBeats notes that meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and has no underlying value or use case. Investors should be aware of the risks.

On February 6, official sources report that Hyperliquid’s on-chain perpetual futures DEX, Trade.xyz, recorded a 24-hour trading volume of $5.45 billion—marking a new all-time high. Its total volume over the past five days has exceeded $13.31 billion. ### Notes on alignment with American English habits: 1. **Clearer attribution**: Used "official sources report" (common in U.S. financial news) instead of vague "according to official sources". 2. **Structured emphasis**: Split long sentences (original run-on) to highlight the "all-time high" with a dash (natural for news brevity). 3. **Precise terminology**: "Perpetual futures DEX" (fuller than "Perp DEX" but still concise, aligning with U.S. crypto media conventions) + "recorded" (standard for trading volume data) instead of "achieved". 4. **Casual-yet-professional verbs**: "Exceeded" / "topped" (both widely used in U.S. financial updates) instead of overly formal phrasing. 5. **Conciseness**: Trimmed redundant phrasing while r

On February 6, Cointelegraph reported that Kalshi plans to enhance monitoring of its prediction market platform via an independent advisory committee and strategic partnerships—with a focus on detecting insider trading and market manipulation in the run-up to the Super Bowl. Kalshi noted the committee will deliver quarterly reports to the firm’s external counsel and publish data on the platform’s probes into suspicious activity. Additionally, Kalshi will partner with crypto trading monitoring firm Solidus Labs and Daniel Taylor, director of the Wharton Forensic Analytics Lab, to “detect, investigate, and address market abuse.”

On February 6, per Farside Investors’ monitoring data, U.S. Bitcoin spot ETFs recorded a net outflow of $434.1 million yesterday, while Ethereum ETFs posted a net outflow of $80.8 million.