The largest single liquidation across the entire network amounted to $13.8 million, and it belonged to a certain whale that had previously been liquidated during a short squeeze.

February 12th, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone noted: “If Ethereum (ETH) falls to $1,500, Tether’s (USDT) market capitalization will surpass ETH’s. The crypto market’s most enduring trend is Tether ‘outpacing everything’—only Bitcoin (BTC) and Ethereum remain unpassed. Tether is set to overtake Ethereum’s market cap near ETH’s key support level of ~$1,500 if ETH drops to that mark. Earlier, Ethereum already broke below its key $2,500 support level dating back to 2024. I believe Tether may eventually even surpass Bitcoin, which is currently around $10,000.”

February 12 Per Cointelegraph, Bitcoin fell to $65,800 on Wednesday, dropping below its key intraday trendline again—sparking market worries that last week’s $60,000 dip may not have been the final bottom. Analysts note widening liquidity gaps in the $66k–$60k range, lifting the odds of Bitcoin revisiting its annual low of $59,800. After multiple rejections near the $70k–$72k resistance zone, Bitcoin has formed a series of lower highs. Its RSI is moving toward oversold territory, with price trading below key moving averages. Liquidation heatmaps show thin liquidity around the $60.5k range, signaling lingering downside risks. With overall market structure weakening, a failure to quickly bounce back above $68k would raise downside risks, potentially pushing Bitcoin toward the $65k support level. Traders currently expect Bitcoin to trade in a $60k–$72k range. Likewise, analyst EliZ notes Bitcoin is consolidating in a downward channel near $66.5k. A break below this level could

On February 12, Douyin announced that its video generation model Seedance 2.0 has officially been integrated into the Douyin app, desktop platform, and web version. Seedance 2.0 supports original audio-video synchronization, multi-camera long-form storytelling, and multimodal controllable generation. Currently, the model does not allow users to upload real-person photos as the primary reference. (Source: Jinse)

Feb 12 — Polymarket staffer Mustafa said the "1-Minute Price Change" prediction event is slated for the next phase and will involve the POLY token. As previously reported, Polymarket launched its "5-Minute Crypto Price Change" prediction event, which settles every 5 minutes and currently only supports BTC.

On February 12, Polymarket launched its "5-Minute Crypto Price Movement" prediction event. The event settles every 5 minutes and currently only supports BTC.

**February 12th Update** Per LookOnChain data, trader loracle.hl netted a $638,000 profit in under an hour by shorting BERA. Once BERA broke above $1, the trader initiated short positions and continuously added to them until the token hit $1.33. He closed all positions once BERA fell back below $1, locking in the $638,000 gain—all within 60 minutes. loracle.hl also holds the largest HYPE long position, with 1.53 million HYPE longs valued at $46.45 million.