$BTC $ETH 籌碼面有陸續變好，但什麼時候行情轉強還需要進一步觀察...
爆倉地圖方面則可以看到下方依舊有高槓桿多單出現，BTC 最大爆倉集中在 61,640 附近，ETH 則在 1816。

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The market sentiment has gradually improved, but it remains to be seen when the market will strengthen... Looking at the liquidation map, we can see that there are still high-leverage long positions below, with the largest liquidations for BTC concentrated around 61,640, and for ETH around 1816.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

通過 http://blave.org 數據分析模組對短期/中期趨勢資料做交叉分析可發現：
1️⃣ BTC 近幾天的數據軌跡陸續往下跌區走..
2️⃣ ETH 近幾天的數據軌跡一樣維持中性。
總結來說，短期還未到極端要反轉的時候，還需要注意風險！
使用分析模組了解代幣驅動因子就到👇🏻
https://blave.org/studio/zh/charts/analytics…

Cross-analysis of short-term/medium-term trend data using the data analysis module (http://blave.org) reveals the following:

1️⃣ BTC's data trajectory has been trending downwards in recent days.

2️⃣ ETH's data trajectory has remained neutral in recent days.

In summary, a reversal is not yet imminent in the short term, and caution is still advised!

Learn about token driving factors using the analysis module below👇🏻

https://blave.org/studio/zh/charts/analytics…