Gold prices rebounded above $5,000 per ounce on Feb. 4 after pulling back from record highs, with some investors buying the dip and a Fidelity fund saying it is ready to re-enter the metal following what it described as the largest decline in forty years, Bloomberg reports. Total digital-asset capitalization has dropped by about $467.6 billion since Jan. 29 and fallen $1.7 trillion from the October peak, led by Bitcoin's decline. Investor Michael Burry warned that Bitcoin has slid around 40% from its October high and said the move could potentially evolve into a self-reinforcing "death spiral," as capital flows visibly back toward traditional havens such as gold amid macro uncertainty and weaker risk appetite.

Bitcoin briefly fell below $73,000 in early trading on Feb. 4 before rebounding above $76,000, Coinglass data show. Funding rates on major centralized and decentralized derivatives platforms turned positive for BTC, ETH and altcoin contracts as prices recovered, with overall sentiment gradually moving toward neutral despite lingering bearish positions. Funding rates are a fee mechanism between long and short traders on perpetual contracts designed to keep contract prices aligned with the underlying asset, where readings above 0.01% typically signal bullish sentiment and levels below 0.005% indicate bearish positioning.

Open interest across major perpetual DEXs declined over the past seven days, with Hyperliquid down about 36.2% from last week, DefiLlama data show on Feb. 4. 24-hour trading volumes were approximately: Hyperliquid $13.08 billion, Aster $5.66 billion, EdgeX $5.20 billion, Lighter $4.46 billion, Extended $2.43 billion, and Pacifica $776 million.

Three whale addresses purchased a combined 3,164 gold-backed tokens in the past 4 hours, Lookonchain data show. Address 0x2788 withdrew 1,500 XAUT worth about $7.58M from OKX two hours ago, while address 0x4E3c pulled 931.33 PAXG valued at roughly $4.75M from Binance four hours ago. Address 0xDea3 bought 732.8 PAXG for approximately $3.74M one hour ago.

Coinbase launched CoinbasePredict, a fully integrated prediction market, on Feb. 4, expanding its all-in-one app ecosystem, BlockBeats reports. The platform partners with Kalshi for initial underlying market liquidity and operates under a strict regulatory framework emphasizing transparency, fund segregation and market surveillance. Initial listings include economic-indicator contracts such as the probability that newly nominated Fed Chair Kevin Warsh enacts a 50 bp rate cut in March.

Address 0x94d3… added over $13.045 million to ETH and SOL long positions in about ten minutes on Feb. 4, Hyperinsight data show. Around 15:20, the address rolled ETH longs by adding 3,192.17 ETH worth approximately $7.65 million and increased SOL holdings by 57,342.34 SOL worth approximately $5.395 million. Total positions reached $109 million.

A whale or institution with a track record of $98.95M in swing-trading profits purchased 750 cbBTC worth approximately $55.95M on Feb. 4, on-chain analyst Ember reports. Following the recent sharp decline, the entity accumulated $318M in crypto assets, including 83,392 ETH valued at $204M at an average entry of $2,450 and 1,500 cbBTC valued at $113M at an average of $75,820. The address now holds 173,000 ETH worth $406M and 1,500 cbBTC worth $113M, with an unrealized loss of $65.43M and cost basis at $2,667 for ETH and $75,820 for cbBTC.

Binance's SAFU fund withdrew 1,315 BTC worth around $100 million from a Binance hot wallet on February 4, on-chain data show. BlockBeats reports the transaction occurred roughly one minute before the data was cited, marking another sizable Bitcoin acquisition by the exchange's insurance fund.

Liquidations totaled $704 million in the past 24 hours, with $527 million from long positions and $177 million from short positions, Coinglass data show. The largest single liquidation occurred on HTX's ETH-USDT pair at $8.4038 million. Over the same period, 161,559 traders were liquidated globally.