Jiang Zhuo'er: US Stock Funds' Understanding of ETH Still in the 2014-2015 Stage of the Crypto Community, ETH/BTC Exchange Rate May See Second Sharp Rise in 2026-2027

As of Feb 10th, two addresses have amassed a combined long position of over 95,000 ETH on Hyperliquid, worth up to $190 million—ranking as the top 1 and top 2 ETH long positions on the platform. - **Address 0x6C8…D84F6**: Deposited 21.798 million USDC as collateral to Hyperliquid in the past 3 hours, then opened a 35,164.2 ETH long position with 20x leverage (valued at $70.5 million). Its average entry price is $2,044.11, with an unrealized loss of $1.245 million currently. - **Address 0xa5B…01D41**: The largest ETH long position holder on Hyperliquid, opened a 60,000 ETH long position (worth $120 million) last night. Its average entry price is $2,059.80, facing an unrealized loss of $3.12 million now. A key commonality between the two addresses: Their collateral was bridged from Tron to Arbitrum via a bridge, and their trading strategies and timing are highly similar—suggesting they may belong to the same whale or entity.

Per official sources, Binance will launch pre-market trading for the ESPUSDT perpetual contract on February 10, 2026, at 4:10 PM UTC+8, with leverage capped at 5x.

On February 10th, Binance CEO Changpeng Zhao (CZ) said: “For newbies, Binance might as well be the entire crypto world. When they see FUD, they’re too scared to get into the market. For current traders, if they can’t read the room, they might choose to take profits. As for the OGs, they’re already financially free. Every day, they face FUD that dumbs people down and AI-driven mass attacks—things that make them doubt themselves and think about leaving the industry. That’s why CoinMarketCap’s Fear & Greed Index has dropped to 5. When FUD dies down, that’s when the market will rally.”

February 10th, Cobo co-founder and CEO Fishen Jin shared his investment insights on X: “Individual investors’ biggest structural edge over institutions isn’t information or capital—it’s not having to answer to anyone.” He noted that institutional funds are often bound by constraints like LP requirements, drawdown limits, and quarterly reviews, which force them to cut losses and exit positions at the worst possible times. By contrast, individual investors can capitalize on market volatility, extend their time horizons, and scoop up assets being passively dumped at market lows due to those institutional constraints—setting themselves up to capture gains later.

On February 10, Japanese IP project Xross Road closed a $1.5 million seed funding round, with backers including Arbitrum Gaming Ventures, Decima, Taisu Ventures, BaboonVC and others. The raised capital will be used to build the next-gen IP creation and distribution ecosystem via Xross Road and its AI-powered manga platform HANASEE.

**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.