Trend Research's long position this time has lost $763 million, not only giving back all the previous profits but also losing $448 million of the principal.

On February 6, CryptoBriefing reported that Cardano founder Charles Hoskinson disclosed in a live stream he still continues investing in cryptocurrency despite losing over $3 billion in the crypto space. Hoskinson stressed he is not motivated by personal gain, always rejecting controversial or high-risk opportunities and prioritizing ethics and principles over resources, connections, or influence. This has allowed him to steer clear of high-profile scandals like the FTX collapse and the Epstein documents. He has previously slammed some industry leaders for embracing the flawed "CLARITY Act" in pursuit of power, wealth, and elite standing. When discussing the current market environment, Hoskinson urged the crypto community to confront the downturn head-on, focusing on collaboration and ongoing development rather than short-term price fluctuations.

On February 6, Charles Edwards—founder of Capriole, a Bitcoin and digital asset quantitative fund—stated that a bullish signal for Bitcoin is emerging. Bitcoin’s Mayer Multiple has dropped to a rare level near 0.6. While further downside in Bitcoin’s price remains possible, this range has historically aligned with some of the most attractive buying opportunities in Bitcoin’s history. **BlockBeats Note**: The Bitcoin Mayer Multiple is a technical indicator for analyzing Bitcoin markets, proposed by Trace Mayer. It assesses the market’s relative valuation by comparing Bitcoin’s current price to its 200-day moving average (200DMA). Historically, when the Mayer Multiple rises above 2.4, it typically signals an overheated market, which could trigger a correction or bear market. When the Mayer Multiple falls below 0.8, the market may be undervalued, presenting a strong buying opportunity.

On February 6th, Michael Saylor addressed concerns about Bitcoin’s quantum computing risk during MicroStrategy’s fourth-quarter earnings call, dismissing those claims as mere FUD surrounding Bitcoin. Saylor noted that quantum computing remains over a decade away from true maturity—currently a promising but early-stage technology. Many industries, including financial services and defense, still heavily rely on traditional cryptographic systems. Worldwide, investment and research into post-quantum cryptographic protocols (to counter quantum threats) are intensifying. The Bitcoin community has also been engaging in and contributing to relevant R&D efforts. If Bitcoin ever requires an upgrade in the future, a global consensus will be reached. Once post-quantum security upgrades are deployed, Bitcoin will only grow stronger. MicroStrategy plans to launch a Bitcoin security initiative, partnering with global cybersecurity, cryptographic, and Bitcoin security communities.

Binance Alpha launched the second round of its Stable (STABLE) airdrop on February 6. Eligible users (those with at least 240 Binance Alpha Points) can claim 1,845 STABLE tokens on a first-come, first-served basis. If rewards aren’t fully distributed, the points threshold will automatically drop by 5 points every 5 minutes. Claiming this airdrop requires 15 Binance Alpha Points. Users must confirm their claim via the Alpha event page within 24 hours—otherwise, the airdrop will be forfeited.

On February 6th, monitoring data from HyperInsight (Telegram: @HyperInsight) shows Taiwanese artist Huang Licheng (nicknamed "Buddy") faced 10 consecutive liquidations on his ETH and HYPE long positions in the past hour, totaling roughly $1.6 million in liquidated value. ### Liquidation Details - **ETH Longs**: 480 coins (~$900,000) liquidated; remaining position size: ~$600,000. - **HYPE Longs**: 21,280 coins (~$702,000) liquidated; remaining position size: ~$480,000. ### Additional Context - Huang recharged ~$275,000 into his account yesterday. Post-liquidation, that capital has shrunk to less than $50,000. - His remaining ETH long position is now just 1.6% away from its next liquidation trigger. ### Background Huang, a Taiwanese artist who previously profited from blue-chip NFTs, has been active on the Hyperliquid platform since mid-2025. Since October of that year, he has faced repeated massive liquidations, with his total holdings collapsing from over $100 milli

As of February 6, monitoring data from LookOnChain identifies three key liquidation risk zones on the Ethereum (ETH) chain: - Trend Research holds 356,150 ETH (≈$6.71 billion), with a liquidation price range of $1,562 to $1,698. - Joseph Lubin and two whales collectively hold 293,302 ETH (≈$5.53 billion), with a liquidation price range of $1,329 to $1,368. - The 7 Siblings hold 286,733 ETH (≈$5.41 billion), with a liquidation price range of $1,029 to $1,075. （Note: Corrected the inverted price range for the 7 Siblings to align with logical low-to-high order, a standard for financial data presentation in U.S. markets.）