February 10th, Chainlink co-founder Sergey Nazarov published a long article on Platform X regarding the current state of the crypto market, expressing that cycles are a normal part of the cryptocurrency industry. The key is that these cycles reveal the industry's level of development and how the trend of the next stage/adoption/value creation will define the industry. Currently, there has been no significant risk management failure leading to the collapse of large institutions or systemic risk propagation. This indicates that the risk management in the crypto industry this time is much better than in the previous cycle.Sergey Nazarov also stated that regardless of price fluctuations, the trend of real-world asset on-chainization is accelerating continuously. This indicates that the on-chainization of real-world assets is not closely related to cryptocurrency prices but has its unique value. This value can grow independently of the market price of Bitcoin or other crypto assets, and this trend will also fundamentally alter the industry landscape.

February 10th, according to HyperInsight monitoring, an on-chain ETH main long whale (0xa5b…) added $7.5 million in margin to Hyperliquid last night and this morning, completing a 15x leveraged ETH long position, and has now become the largest long on ETH on Hyperliquid.The current position size is 60,000 ETH, equivalent to about $123 million, with an average position price of $2059, currently unrealized profit of $360,000 (about 4.6%), and $33.46 million in remaining margin in the account.Previously, the address closed its ETH long position held for about two months yesterday, ultimately resulting in a loss of about $9.63 million. The closing position size is similar to the new position, both around 60,000 ETH. For this whale, the closing may be a risk reset for a failed position structure to come back with a more reasonable margin structure and still be bullish on ETH.

February 10. According to The Kobeissi Letter citing BofA Research data, U.S. tech funds saw $6 billion in inflows last week, marking the largest inflow in 8 weeks.The data shows that there was a total of $34.6 billion inflow into stocks last week, $87.2 billion inflow into cash, and $23 billion inflow into bonds. At the same time, investors pulled $1.2 billion out of the utility sector in the past two weeks, marking the largest two-week outflow since November 2024.The above inflows indicate investors are quickly increasing their tech holdings.

February 10th, according to CoinMarketCap data, OWL's 24-hour contract trading volume exceeded 14 million US dollars, with the main trading platforms being Gate ($6.27 million), MEXC ($4.63 million), BingX ($1.68 million), etc.In addition, users can also conduct OWL contract trading on platforms such as Aster, WEEX, KCEX, LBank, Hotcoin, etc.

February 10, according to an official announcement, Binance will list the PAXG/USD1 trading pair with full leverage on February 10, 2026, at 08:30 (UTC), and will list the ASTER/U, SUI/U, and XRP/U trading pairs with full leverage on February 10, 2026, at 10:30 (UTC).

February 10th, glassnode released its weekly market report indicating that the Bitcoin price bounced back from $60,000 to $69,000, but on-chain transaction volume, while expanding, remains low, indicating a relief in selling pressure but cautious buyer participation, reflecting frequent market turnover post downturn reassessment rather than strong dip buying.Off-chain indicators show strong defensive positioning in futures and options, with ETF trading volume surging to a high of $45.5 billion, yet accompanied by a slowdown in fund outflows, overall risk appetite remaining subdued. On-chain fundamentals activity has strengthened, but capital inflows are negative with unrealized losses dominating the supply. Overall, sustained market recovery may depend on the restoration of spot demand to stabilize prices above recent lows.

February 10th, according to official sources, the Optimism mainnet has added support for ERC-8004.The ERC-8004 standard enables a discovery mechanism and portable reputation, allowing AI agents to interact across different organizations, ensuring reputation flows everywhere, thus unlocking a global AI service interoperability market.

February 10th, according to HyperInsight monitoring, the "buddy" opened a long position of 10,000 HYPE tokens 7 hours ago. However, as the price continued to weaken, the "buddy" liquidated the position and exited the HYPE long position 15 minutes ago.At the same time, the "buddy" is still adding to a 25x leverage long position on ETH. As of the time of writing, the holding amount has reached 5,000 ETH with a liquidation price of $2,007.

on February 6, trader Eugene Ng Ah Sio posted in his personal channel, saying, "Buy when there is blood on the streets, even if the blood is your own."

February 6th, according to Coinbob Popular Address Monitor data, the "Ultimate Bear" whale (0x5d2) has opened BTC short positions four times since January last year. The first three positions together lost about 5.48 million US dollars, while the most recent short position realized a significant profit. The current short position has accumulated approximately 10.05 million US dollars in funding fee income, with a contract profit of over 61 million US dollars, resulting in a total annual profit of 71 million US dollars. Since December 26th last year, the address has not made any further adjustments, and last night significantly reduced the position to take profits, withdrawing about 5 million US dollars from Hyperliquid.Compared to the peak position of 136 million US dollars at the end of October last year, the whale has successively reduced its position by about 130 million US dollars, and after multiple profit-taking withdrawals, has not replenished the short position. Currently, it still holds a 20x leveraged BTC short position with a size of about 4.4 million US dollars, an average price of about 11.15 thousand US dollars, and an unrealized profit of about 3.2 million US dollars (1470%).