Binance Update on February Reserves Audit: BTC Reserve Rate 100.07%, USDT Reserve Rate 103.76%
On February 6th, Binance released its February Reserve Report, with BTC reserves standing at 100.07% of user holdings, USDT at 103.76%, ETH at 100.02%, and BNB at 101.26%.
Compared to its January Reserve Report, user-held BTC on Binance rose by 2,613.981 coins in January—worth roughly $171 million—while user-held ETH dropped by 162,469.512 coins, equivalent to approximately $311 million.
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Bitcoin's year-to-date return for February is currently -17.36%, with a historical average return of 10.94%.
As of February 6, Bitcoin’s February return this year stands at -17.36% (per Coinglass data), compared to a historical average of +10.94%.
Since 2013, Bitcoin’s average November return has been +10.94%, with a median November return of +11.68%. Over the past 13 years, February has posted 10 gains and 3 losses. This year’s February decline is only second to -31.03% (2014) and -17.39% (2025).
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「Strategy Counterparty」 recorded a loss of over $31 million in a single day, and once again injected $8 million to replenish its 'ammunition'.
On February 6, according to the Coinbob Popular Address Monitor, the "Strategy Whales" address liquidated long positions across multiple tokens totaling approximately $175 million this morning, incurring a total loss of $31.13 million. This loss pushed its account balance from tens of millions of dollars to less than $6 million.
Subsequently, the address transferred roughly $8.29 million to Hyperliquid to replenish margin and maintain account operations. Its total account balance has now recovered to around $12.9 million.
Details of the liquidated positions are as follows:
- Pre-liquidation ETH long position: ~$105 million; Liquidation price: $1,933; Loss: $17.83 million
- Pre-liquidation BTC long position: ~$41.52 million; Liquidation price: $65,700; Loss: $6.3 million
- Pre-liquidation SOL long position: ~$15.44 million; Liquidation price: $82; Loss: $3.57 million
- Pre-liquidation XRP long position: ~$13.88 million; Liquidation price: $1.25; Loss: $3.43 million
The
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Bitfinex: Bitcoin Weekly Loss Hits New High Since FTX Downturn, Weekly RSI Indicates Severe Market Oversold
Update: Bitfinex reported Feb. 6 that Bitcoin just logged its biggest weekly drop since FTX’s collapse in late 2022. Its weekly RSI has hit (or approached) levels above those seen during post-FTX market pressure.
Notably, an RSI bottom doesn’t guarantee the price has hit a bottom too—but it signals the market is deeply oversold right now.
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Cardano Founder: Has Lost Over $3 Billion in the Crypto Space, But Still Chooses to Continue Investing in Cryptocurrency
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.
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Analysis: Bitcoin Mayer Multiple Rarely Dips Below 0.6, Potentially Signaling Bull Run
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.
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