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vesting

The ARC rate on Lighter has soared to an annualized 2100%, with a certain whale heavily investing in long positions to lure in short sellers

According to on-chain analysis released by @Route2FI, a certain whale is holding a total value of $24 million in long positions of ARC on the Perp DEX Lighter, and is adding $360,000 every hour through TWAP (Time-Weighted Average Price), continuously injecting funds to drive the bullish trend. Currently, this whale has made a profit of $5 million.The annualized funding rate for ARC contracts on Lighter has skyrocketed to 2100%, equivalent to short sellers earning about 5.7% in funding fees daily, which will attract more shorts and intensify the long-short battle. Route2FI noted that this whale's behavior is similar to the price manipulation incident involving JellyJelly on Hyperliquid. In March 2025, a whale trader on Hyperliquid heavily shorted the JELLY perpetual contract while simultaneously driving up the spot price through other accounts and on-chain, leading to the liquidation of short traders. The Hyperliquid liquidity pool HLP suffered losses after settlement, prompting the Hyperliquid team to urgently vote to delist the contract and force settlement at a very low price.Route2FI added that it is currently unclear what the whale's intentions are. The HLP of Hyperliquid will absorb liquidated positions, but the LLP of Lighter will not absorb such large positions. If the position is too large or the risk is too high, it will directly trigger the ADL automatic deleveraging mechanism, making it difficult for the whale to replicate the strategy of the JellyJelly incident successfully.

Data: Last week, global listed companies net bought 92.83 million USD in BTC, with Strategy investing 90 million USD to purchase 1,142 bitcoins, an increase of 19.5% compared to the purchase amount last week

According to SoSoValue data, as of 8:30 AM Eastern Time on February 9, 2026, the total net purchase of Bitcoin by globally listed companies (excluding mining companies) for the week was $92.83 million, a decrease of 24.5% compared to the previous week.Strategy (formerly MicroStrategy) announced on February 9 that it invested $90 million (an increase of 19.5% compared to last week's purchase) to acquire 1,142 Bitcoins at a price of $78,815, bringing its total holdings to 714,644 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking four consecutive weeks without purchases.Additionally, five other companies purchased Bitcoin last week. The Japanese food brand DayDayCook announced on February 5 that it invested $9.12 million to buy 105 Bitcoins at a price of $86,868, bringing its total holdings to 1,888 Bitcoins; the entrepreneurial education platform Genius Group Limited announced on February 6 that it sold 96 Bitcoins at a price of $73,238, generating a total revenue of $7.03 million, reducing its total holdings to 84.15 Bitcoins; the Swedish health tech company H100 invested $3 million on February 6 to purchase 4.39 Bitcoins at a price of $66,620, increasing its total holdings to 1,051.05 Bitcoins; the UK Bitcoin company BHODL announced on February 6 that it spent $70,000 to buy 1 Bitcoin at a price of $66,950, bringing its total holdings to 161.388 Bitcoins; and the French Bitcoin reserve company Capital B announced on February 9 that it invested $370,000 to purchase 5 Bitcoins at a price of $73,893, increasing its total holdings to 2,828 Bitcoins.The Canadian Bitcoin ecosystem company Metador Technologies announced the launch of an ATM equity issuance program, aiming to raise approximately $21.98 million for the purchase of Bitcoin. Metador Technologies plans to hold 1,000 Bitcoins by the end of 2026.As of the time of publication, the total amount of Bitcoin held by the globally listed companies (excluding mining companies) in the statistics is 974,480 Bitcoins, an increase of 0.035% compared to the previous week, with a current market value of approximately $6.736 billion, accounting for 4.9% of the circulating market value of Bitcoin.

Data: On-chain retail investors have closed their short positions on the Nasdaq and are using the funds to short gold, while also investing $59 million to buy into the cryptocurrency market

According to market news, the largest short whale of on-chain gold, "On-chain Stock Investor" (0xfc66...), has concentrated on shorting various commodities with $80 million, and the weekly profit has reached $9.4 million. This address has been continuously closing positions to take profits, primarily focusing on short positions in on-chain U.S. stocks related to XYZ 100 (Nasdaq 100 Index), with the relevant holdings decreasing from about $19.6 million to less than $300,000 over the past few days.Subsequently, the released funds will be reinvested into short positions in precious metals, with the total scale of related short positions reaching $47 million. Among them, the largest short position is in PAXG (on-chain gold), amounting to $24.9 million. Meanwhile, the overall holding structure of the account has undergone significant changes. The total holding scale has increased to $115 million, retaining about $57 million in commodity shorts, while some focus has been shifted back to the crypto market, with nearly $59 million in new long positions established, heavily buying dips in XRP, SOL, ETH, and other cryptocurrencies. The related holdings in on-chain stocks have been significantly reduced.The current main holdings in commodities compared to last Friday are as follows: 5x PAXG (on-chain gold): the holding scale increased from $12 million to $24.9 million, average price decreased from $5,250 to $4,991, with an unrealized profit of about $980,000; 5x xyz:GOLD (gold mirrored contract): the holding scale increased to $12.8 million, average price decreased from $5,320 to $4,814, with an unrealized loss of about $83,000; 2x xyz:SILVER (silver mirrored contract): the holding scale increased to $9.49 million, average price decreased from $108 to $81, with an unrealized loss of about $170,000.It is reported that this address has previously focused on on-chain contract operations for crypto assets, continuously reducing high-leverage ETH, BTC, and SOL short positions since January 8 of this year; gradually increasing holdings in on-chain stocks, with current on-chain stock positions cumulatively increasing by nearly $80 million within a month, recently returning to the crypto market.

Data: Last week, global listed companies net bought 123 million USD in BTC, with Strategy investing 75.3 million USD to purchase 855 bitcoins, a decrease of 71.4% compared to the purchase amount last week

According to SoSoValue data, as of 8:30 AM Eastern Time on February 3, 2026, the total net purchase of Bitcoin by globally listed companies (excluding mining companies) for the week was $123 million, a decrease of 57.6% compared to last week.Strategy (formerly MicroStrategy) announced on February 3 that it invested $75.3 million (a decrease of 71.4% compared to last week's purchase amount) to acquire 855 Bitcoins at a price of $87,974, bringing its total holdings to 713,502 Bitcoins.The Japanese listed company Metaplanet did not purchase Bitcoin last week, marking three consecutive weeks without purchases.Additionally, three other companies purchased Bitcoin last week. The Japanese food brand DayDayCook announced on January 28 and January 29 that it invested $17.63 million to buy 100 Bitcoins at a price of $88,130 and another 100 Bitcoins at a price of $88,170, bringing its total holdings to 1,783 Bitcoins; the American Bitcoin company American Bitcoin purchased 416 Bitcoins on January 27, with specific investment amounts and purchase prices undisclosed, bringing its total holdings to 5,843 Bitcoins; the Bitcoin asset management company Strive invested $30 million on January 28 to acquire 333.89 Bitcoins at a price of $89,851, bringing its total holdings to 13,131.82 Bitcoins.Metaplanet announced it would raise funds through a third-party placement of common stock and the issuance of the 25th series of subscription warrants, expecting to raise approximately $135 million. The funds raised will be used to increase its Bitcoin holdings. The French Bitcoin company Capital B announced the renewal of a €300 million ATM capital increase plan with asset management institution TOBAM, with the raised funds intended to continue increasing Bitcoin holdings.As of the time of publication, the total amount of Bitcoin held by globally listed companies (excluding mining companies) is 974,140 Bitcoins, an increase of 1.16% compared to last week, with a current market value of approximately $76.01 billion, accounting for 4.9% of Bitcoin's circulating market value.
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