A newly created address deposited 12.88 million USDC into Hyperliquid, going long on ETH with 20x leverage

**Bitcoin Liquidation Levels (Coinglass, Feb 10)** As of February 10, Coinglass data reveals: - If Bitcoin drops below $67,000, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $1.054 billion. - Conversely, if Bitcoin climbs above $71,000, cumulative short liquidation intensity for these top CEXs will reach $429 million. **BlockBeats Note** Liquidation charts do not display the exact number of contracts at risk of liquidation or their precise value. The bars represent the relative importance of each liquidation cluster compared to neighboring clusters (i.e., "intensity"). In short, the chart shows how impactful hitting a specific price level will be: a taller bar means that price level will trigger a more intense reaction due to a liquidity cascade.

Feb 10 — Kyle Samani, former Multicoin co-founder and Forward Industries (FORD) board member, said: “In the long run, even in the era of Artificial General Intelligence (AGI)—where the cost of nearly everything has fallen to zero—there will still be demand for crypto infrastructure.”

Ethereum has fallen below $2,000, posting a 3.75% drop over the past 24 hours, per HTX market data as of February 10.

As of February 10, Coinglass data shows the Coinbase Bitcoin Premium Index has stayed in negative territory for 26 straight days, currently at -0.0514%. Since the start of 2024, it has only posted a positive premium on 2 days. Note from BlockBeats: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global market average. It’s a key gauge for tracking U.S. capital inflows, institutional investment interest, and shifts in market sentiment. A positive premium means Coinbase’s Bitcoin price is above the global average—typically signaling strong U.S. buying pressure, active entry by institutions or compliant funds, ample USD liquidity, and modestly bullish investor sentiment. A negative premium, by contrast, indicates Coinbase’s price is below the global average, often reflecting heavy U.S. selling pressure, reduced investor risk appetite, rising market risk aversion, or capital outflows.

On February 10, Bitcoin slipped below $69,000, down 2.2% in 24 hours, per HTX market data.