If Bitcoin breaks $68,000, mainstream CEX aggregate short liquidation pressure will reach $966 million

February 23 — Per The Paper, multiple insiders have confirmed that less than a month after the launch of Moon's Dark Side (Kimi)’s K2.5 large language model, Kimi’s cumulative revenue in nearly 20 days has already exceeded its projected 2025 full-year revenue. The growth is driven primarily by a sharp surge in global paid users and API call volume, with overseas paid users expanding rapidly — Kimi’s overseas revenue has outpaced its domestic counterpart. Previous reports noted that in a funding round led by Alibaba and Tencent Holdings, the AI startup Moon's Dark Side is seeking to raise its valuation to $10 billion. Sources added that existing investors including Alibaba, Tencent, and FountainVest Partners have committed over $700 million to the first tranche of the latest round. This sets a record for the fastest time from founding to decacorn (valuation exceeding $10 billion) among Chinese domestic companies.

On February 23rd, Bitcoin briefly dipped below $65,000 earlier today, per Bitget market data. In pre-market trading, shares of U.S. cryptocurrency-related firms declined across the board: BitMine dropped 3.33%, SharpLink 2.68%, Strategy 2.24%, Coinbase 1.81%, and Circle 1.27%.

February 23 — According to official sources, Binance will conduct wallet maintenance for the Ethereum (ETH) network on February 24, 2026, at 2:00 PM GMT+8. To facilitate this maintenance, Binance will suspend ETH deposits and withdrawals starting at 1:55 PM GMT+8 on February 24, 2026. The maintenance is expected to last 1 hour, and deposit/withdrawal services will resume automatically once the maintenance is complete.

Feb. 23: Onchain Lens monitoring reveals a newly created wallet has withdrawn 500 BTC (valued at ~$32.81 million) from Bitfinex.

On February 23, data from fees.pump.fun indicates Pump.fun spent 14,650 SOL (≈$1.25 million) the previous day to repurchase 601.6 million PUMP tokens. Since launching its PUMP buyback program on July 15, roughly $301 million worth of PUMP has been repurchased, cutting the total circulating supply by 25.55%.

February 23 — Data from Coinglass shows Coinbase’s Bitcoin Premium Index has stayed in negative territory for 39 consecutive days, currently at -0.0405%. That’s roughly 30 days longer than the stretch of continuous negative premiums during the “1011 Crash.” Since 2026, the index has only posted a premium on two trading days. The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase and the global market average. A negative premium typically signals U.S. market selling pressure, reduced investor risk appetite, heightened risk aversion, or capital outflows.