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"Pal" ETH and HYPE Long Rekt Simultaneously, Liquidated Again After Replenishing Funds Yesterday, Shrinking to Less Than 50K

2 hours ago

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 million to the current tens of thousands of dollars.
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Ark Invest Increased $17.8M in Bullish Stock Yesterday, Decreased $17.4M in Coinbase Stock

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Trend Research is accelerating the sale of ETH to repay a loan, having sold 170,033 ETH in the past 10 hours.

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A certain whale withdrew 769.89 BTC after 3 months of inactivity, equivalent to around $50.62 million

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Binance to Launch TRIAUSDT Perpetual Contract

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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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