Bitcoin briefly fell below $73,000 before rebounding above $76,000 on Feb 4, and funding rate data indicated the market's bearish sentiment had softened versus yesterday but remained broadly negative, according to Coinglass. Across major centralized and decentralized exchanges, Bitcoin funding flipped from negative to positive on several platforms yet still aligned with a bearish stance, while most venues continued to show negative funding for Ethereum, meaning shorts pay longs to maintain positions and reflecting a more pessimistic view on Ethereum, Coinglass data showed. Funding rates are used on perpetual contracts to keep contract prices close to the underlying asset; exchanges do not charge this fee, and a 0.01% funding rate is the baseline, with readings above 0.01% suggesting a broadly bullish stance and levels below 0.005% pointing to widespread bearishness, according to BlockBeats. The snapshot covered mainstream CEX and DEX venues and reflected an across-the-market bearish bias even as Bitcoin funding turned positive on some platforms on Feb 4, according to Coinglass.

CBB (X: Cbb0fe) holds $40.80M in total positions on Hyperliquid as of Feb. 4, Coinbob热门地址监控 data show. The address holds about $37.40M in short positions and about $2.45M in long positions, with cumulative profits around $9.30M and about $1.27M over the past week. The main short positions are in SILVER and equity-mapped INTC, SNDK and MU.

Stablecoin issuer Tether has revised its fundraising plan to $5 billion, down from an earlier range of $15 billion to $20 billion tied to a $500 billion valuation objective, the Financial Times reported on Feb. 4. CEO Paolo Ardoino said in an interview the $15 billion to $20 billion figure was a misunderstanding, describing it as the maximum equity the firm was prepared to sell rather than a fundraising target, and added Tether remains highly profitable and is "very happy" without selling shares. Ardoino compared Tether's profitability with artificial intelligence companies, saying they generate similar profit "but with a minus sign in front." Tether generated about $10 billion in profit last year mainly from returns on its assets, while 2025 profit declined roughly 25% year-on-year, and a previous report said the company sought to raise up to $20 billion at a $500 billion valuation in September 2025.

Address 0x880a…, known as "the 20M swing trader," trimmed 155.17 ETH from its long position on Feb. 4, reducing the marked value to $1,096,500, Hyperinsight data show. The remaining position shows a floating gain of about $9,600, or 10.51%, with an average entry price that rose from $2,257.91 to $2,259.63. Since October, the address has deployed roughly $20 million in principal and realized nearly $100 million in profit through high-frequency swing trades across multiple tokens, maintaining an average holding period of about 20 hours, according to Hyperinsight.

Tian Ruixiang announced on Feb. 4 it agreed to a strategic deal in which an unnamed investor will contribute 15,000 BTC for equity, Cointelegraph reports. The agreement also establishes an AI-and-crypto innovation lab. TIRX closed at $0.15, up 98.41%. If completed, the deal could make Tian Ruixiang the eighth-largest public bitcoin treasury, per Bitget and Cointelegraph.

Binance Alpha will list Warden Protocol (WARD) on Feb. 4, according to an official announcement. Eligible users can claim an airdrop using their Alpha Points on the Alpha page once trading begins. Further details on the listing and airdrop will be disclosed later, the notice stated.

On February 4, 2024, US spot Bitcoin exchange-traded funds (ETFs) collectively experienced substantial net outflows totaling $272 million, according to data compiled by Farside Investors. This significant capital movement indicates a notable shift in investor sentiment concerning Bitcoin-backed investment products. In contrast, US-based Ethereum ETFs observed net inflows of $14 million during the identical period, suggesting a divergent trend in investor interest towards Ethereum-based investment vehicles. The data from Farside Investors provides a snapshot of the evolving dynamics within the burgeoning cryptocurrency ETF market, highlighting distinct performance metrics for the two leading digital assets.

Strategy posted a 0.78% paper gain on its Bitcoin position on Feb. 4, roughly $427 million, after BTC rebounded to $76,650 from a brief dip below $73,000 and beneath its $76,052 cost basis, HTX market data show. As of Feb. 1, 2026, Strategy held 713,502 BTC with total acquisition cost about $54.26 billion and an average cost of $76,052, BlockBeats reported.

Hyperliquid early contributor Loracle initiated significant leveraged positions on February 4, opening $56 million in 20x leveraged Bitcoin (BTC) and Ethereum (ETH) short positions. According to Coinbob's address tracking data, these newly opened shorts are currently experiencing unrealized losses. Loracle's total derivatives exposure surged from $50 million to over $110 million. The portfolio also includes a $49.67 million 5x HYPE long position, which has generated substantial unrealized profits despite a recent $6 million retracement, alongside additional pending ETH shorts and a PAXG long position, indicating a complex and highly leveraged trading strategy.