Market Chill Plus Overvaluation: MetaDAO Sees First ICO Flop Project

On February 9, even as Bitcoin rebounded to nearly $70,000, its derivatives market continues to send a warning signal. Traders are still holding defensive positions, with little to no sign of fresh long bets. Bitcoin’s perpetual contract funding rate — the fee exchanged between long and short holders — remains negative, a bearish sign indicating traders are still positioning for downside moves or only willing to hold long positions if compensated. Meanwhile, Bitcoin perpetual futures open interest has failed to recover since dropping from its October peak, underscoring a lack of confidence in the recent rebound. Data from Coinglass shows current open interest is 51% below the October high. Despite Bitcoin bouncing back from nearly $60,000 to around $70,000, open interest showed no sign of recovery on Monday. “Since the October 10 market crash, liquidity and market depth have plunged significantly, pushing people to cut leveraged bets and adopt more conservative strategies,” sa

Feb. 9 — Data from LookIntoBitcoin shows a BlackRock ETF-related address has just deposited 2,268 BTC (~$155.94M) and 45,324 ETH (~$91.77M) into Coinbase Prime.

On February 9, per Onchain Lens monitoring, a newly created wallet deposited 5 million USDC into HyperLiquid and opened a 20x leveraged ETH short position.

On February 9th, Binance Wallet announced it will partner with Espresso to launch the exclusive ESP token pre-sale event “Pre-TGE Prime Sale” on February 10th. During the event, users may subscribe to Espresso’s ESP token via Binance Wallet. The sale follows an oversubscription model, with a maximum deposit of 3 BNB per user. Token allocations will be proportional to the total BNB deposited by all participants. To qualify, users must hold the required Binance Alpha Points during the subscription period. Allocations are calculated based on each user’s deposit amount relative to the total deposit pool. After the subscription period concludes, users must claim a key (representing their allocated ESP amount on BNB Smart Chain) through the Prime Sale event page in Binance Wallet. Any excess BNB will be automatically refunded. Actual ESP tokens will be airdropped directly to users’ Binance Alpha accounts on the Token Generation Event (TGE) day, after which users can begin trading th

Whale Alert: Circle minted 250M USDC on Solana at 19:20 Beijing time on February 9th.