「BTC Long-Term Short」 Whale Cancels $55,125「Buy the Dip」 BTC Limit Order

On February 14, data from LookIntoBitcoin indicates the "BTC OG Insider Whale" just withdrew 53.12 million USDT from Binance—allegedly offloading 5,000 previously deposited BTC.

On February 14, Bitcoin traded in a narrow range, according to data from Coinglass. Current funding rates across major centralized (CEX) and decentralized (DEX) exchanges indicate the market has turned bearish again, with specific rates detailed in the attached chart. ### BlockBeats Note A funding rate is a fee set by crypto exchanges to keep a perpetual contract’s price aligned with its underlying asset. It operates as a fund transfer between long and short traders—exchanges do not collect this fee. The rate adjusts traders’ holding costs or profits to ensure contract prices track the underlying asset’s value. A 0.01% rate serves as the baseline: - Rates above 0.01% signal a broadly bullish market; - Rates below 0.005% signal a broadly bearish market.

On February 14, Ethereum co-founder Vitalik Buterin took to Twitter (X) to voice concerns about the current state of prediction markets. “Lately, I’ve been worried about where prediction markets stand today,” he wrote. “While trading volumes are high enough for meaningful bets—with some even making this a full-time gig, and the space supplementing news to an extent—the overreliance on short-term crypto prices, sports/entertainment, and other dopamine-fueled activities lacks long-term value. This often pushes platforms to chase low-quality traffic, leading to commercial corruption.” To escape this dilemma, the space could pivot to a new use case: generalized hedging. By framing prediction markets as risk management tools, users could hedge against future uncertainties—like swings in corporate or personal spending—boosting long-term utility. Unlike the current model that relies on “dumb money” investors, this approach is more sustainable and can draw in high-quality capital. Loo

February 14: Per Onchain Len monitoring, the BTC OG Insider Whale has just deposited 5,000 BTC (valued at approximately $384.82 million) to Binance.

On February 14, per Farside monitoring data, the U.S. Solana spot ETF posted a cumulative net inflow of $12.6 million this week.