ChainCatcher 消息，据 OnchainLens 监测，过去 2 天内，一巨鲸地址通过 ThorChain 将 363 枚 BTC（约 3,400 万美元）兑换为 10,390.5 枚 ETH，成交价格约为 3,273 美元。2 小时前，该巨鲸进一步将 323.26 枚 BTC（约 3,115 万美元）兑换为 9,240.6 枚 ETH。截至目前，该巨鲸已通过 ThorChain 累计将 686 枚 BTC（约 6,516 万美元）兑换为 19,631 枚 ETH，成交均价约为 3,319 美元。

ChainCatcher 消息，据 OnchainLens 监测，过去 2 天内，一巨鲸地址通过 ThorChain 将 363 枚 BTC（约 3,400 万美元）兑换为 10,390.5 枚 ETH，成交价格约为 3,273 美元。2 小时前，该巨鲸进一步将 323.26 枚 BTC（约 3,115 万美元）兑换为 9,240.6 枚 ETH。截至目前，该巨鲸已通过 ThorChain 累计将 686 枚 BTC（约 6,516 万美元）兑换为 19,631 枚 ETH，成交均价约为 3,319 美元。

某巨鲸将 686 枚 BTC 兑换为 19,631 枚 ETH，ETH 持仓均价 3,319 美元

According to ChainCatcher, monitoring by OnchainLens shows that in the past two days, a whale address exchanged 363 BTC (approximately $34 million) for 10,390.5 ETH via ThorChain, at a price of approximately $3,273. Two hours ago, the whale further exchanged 323.26 BTC (approximately $31.15 million) for 9,240.6 ETH. To date, this whale has cumulatively exchanged 686 BTC (approximately $65.16 million) for 19,631 ETH via ThorChain, with an average transaction price of approximately $3,319.

According to ChainCatcher, monitoring by OnchainLens shows that in the past two days, a whale address exchanged 363 BTC (approximately $34 million) for 10,390.5 ETH through ThorChain, with a transaction price of approximately $3,273. Two hours ago, the whale further exchanged 323.26 BTC (approximately $31.15 million) for 9,240.6 ETH. To date, the whale has cumulatively exchanged 686 BTC (approximately $65.16 million) for 19,631 ETH through ThorChain, with an average transaction price of approximately $3,319.

A whale exchanged 686 BTC for 19,631 ETH, with an average ETH holding price of $3,319.

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

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. [...]

The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...