leverage

The Ethereum Foundation has announced the establishment of the Platform Team, aimed at building the most powerful Ethereum platform possible, enabling better support for users, applications, and all organizations built on Ethereum at both the L1 and L2 layers.Improving the relationship between L1 and L2 layers to create a mutually reinforcing system across various levels. The Foundation stated that since the introduction of the rollup-centric roadmap five years ago, a chain ecosystem has developed around the Ethereum L1 layer. The early rollup mindset has been replaced by differentiated L2 layer networks, each possessing unique and valuable economic systems, thereby extending Ethereum's core characteristics to millions of users.As Ethereum matures, the Foundation believes that more measures must be taken to build a unified platform that can fully leverage the unique advantages of the Ethereum system (L1 + L2). This includes enhancing the value proposition of L2, optimizing the adoption drivers for L2, enabling it to create value for Ethereum more broadly, guiding the ecosystem towards a more secure, permissionless architecture, and simplifying the process for users and institutions to adopt Ethereum.More importantly, building a strong Ethereum means driving technological improvements to reinforce and enhance Ethereum's core characteristics and unique advantages.

A certain whale deposited 8.58 million USDC into Lighter and opened a 20x leveraged BTC long position yesterday. Currently, it holds a position of 1,000 BTC, with an entry price of $67,096 and a liquidation price of approximately $58,409.

According to Onchain Lens monitoring, the whale pension-usdt.eth has deposited 30 million USDC into HyperLiquid to open a 3x leveraged long position in Bitcoin. Currently, the position holds 1000 BTC, with a position value of approximately 67.59 million dollars, an entry price of 67203.6 dollars, and a liquidation price of 37681.1 dollars.

According to market news, as spot trading volume continues to shrink, leverage has become the main driving factor for short-term fluctuations. In the absence of "structural buying" (long-term funds that can absorb selling pressure), the market will experience sharp rises and falls on both the bullish and bearish sides.From a technical perspective, BTC has found support near its 200-week moving average, which historically has often been the location where bear market bottoms form. Wintermute believes that until clear signals re-emerge at the macro level, each rebound will be viewed as an opportunity to de-risk rather than a reason to chase prices higher. For crypto, the key to returning to an upward trajectory still depends on macro clarity. The 200-week moving average remains supportive, and there has been no structural damage to the market, which means that once macro uncertainty dissipates, the pace of recovery could be faster than current sentiment suggests. In the short term, we are in a range-bound, slightly downward state; the market is dominated by leverage, and the $70,000 level remains an important resistance point in the near term.

According to Onchain Lens, a certain whale opened a 20x leveraged BTC short position (holding 50 BTC) and increased its ETH short position to 21,000 ETH, currently realizing a profit of $1.47 million.

According to Onchain Lens monitoring, a certain whale deposited 1 million USDC into Hyperliquid, opening a long position on ETH (20x leverage) and still holding a long position on SOL (20x leverage).The whale also increased its spot token holdings, including: 20,000 SOL (approximately 1.7 million USD), 8.5 million FARTCOIN (approximately 1.69 million USD), 30 million MON (approximately 717,000 USD), and 6.73 million XPL (approximately 651,000 USD). As of now, the whale's total contract trading loss has exceeded 11.877 million USD.

According to CoinDesk, BlackRock's head of digital assets, Robert Mitchnick, stated at the Bitcoin Investor Roundtable that the rampant leveraged speculation on crypto derivatives platforms is exacerbating market volatility and may undermine Bitcoin's long-term positioning as a stable institutional hedge.Mitchnick pointed out that the fundamentals of Bitcoin as a "global, scarce, decentralized monetary asset" remain solid, but its short-term trading behavior increasingly exhibits characteristics of a "leveraged Nasdaq," which will significantly raise the threshold for conservative institutional investors to allocate to this asset.Mitchnick also refuted the view that spot ETFs exacerbate market volatility. He noted that during a week of market turmoil, BlackRock's IBIT fund only experienced a 0.2% redemption; if hedge funds were to liquidate on a large scale, there should have been outflows in the billions of dollars, whereas the actual billions of dollars in liquidations occurred on leveraged platforms.

According to Onchain Lens monitoring, the whale address "0x6C8" previously started to go long on ETH, at one point incurring a loss of over 3.5 million dollars. It is now profitable by 24,800 dollars and still holds a long position in ETH (20x), valued at 93.79 million dollars.

According to Lookonchain monitoring, a certain address created a new wallet 11 hours ago and deposited 2 million USDC into Hyperliquid to go long on NVDA with 2x leverage.It is reported that the address currently holds a long position of 21,687 xyz:NVDA, worth approximately 3.97 million dollars.

According to Onchain Lens monitoring, a whale deposited 2 million USDC into Hyperliquid to open 20x leveraged long positions in ETH and SOL.

OKX will disable the borrowing feature for the following leveraged trading pairs on February 13, 2026, at 19:00: ONE/USDT, IOST/USDT, and ACE/USDT. Leveraged trading and spot borrowing services for the related trading pairs will be suspended from February 16, 2026, 14:00 to 18:00. Please ensure to repay your borrowed assets before the feature is disabled to avoid triggering the system's forced repayment.

According to Onchain Lens monitoring, the whale "0x982" deposited 4.8 million USDC (approximately 4.8 million USD) into HyperLiquid and opened a 20x leveraged ETH short position, which is still being increased.6 days ago, this whale deposited 2.4 million USDC (approximately 2.4 million USD) and opened a 10x leveraged HYPE short position and a 20x leveraged Bitcoin long position.

According to the official announcement, Bitget has launched the U-based ESP perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will be opened simultaneously.

According to Onchain Lens monitoring, a certain whale (0xeA0...A918) deposited 5 million USDC into Hyperliquid and opened long positions on HYPE, ETH, and BTC with 5x leverage. Currently, this address still has TWAP orders to further increase its position.

According to the official announcement, Bitget has launched the U-based AZTEC perpetual contract, with a leverage range of 1-20 times. The contract trading BOT will be opened simultaneously.

Binance will launch Espresso (ESP) on February 12, 2026, at 21:00 for Binance Earn, margin, VIP borrowing, and futures services. Users can purchase ESP through one-click buy and trade within one hour after the launch. Binance Futures will also launch the ESP U-margined perpetual contract on the same day, with a maximum leverage of up to 5 times.

According to on-chain analyst Yu Jin's monitoring, the whale 0x5e9 bought $8 million worth of ETH 20 minutes ago.In the past 9 days, he has borrowed a total of 28 million USDT through leverage to purchase 12,802 ETH at an average price of $2,187.

Strike founder Jack Mallers posted, "Bitcoin is not a software company. The reason it trades like a software stock is that many holders do not truly understand it. This pullback is indeed painful, but it may be clearing out the 'software capital' that is leveraged, allowing Bitcoin to be priced and traded according to its 'hard currency' attributes. Hold on. Buy the dip (BTFD). No one knows where the price will go, but based on historical data, if you believe Bitcoin won't drop to zero, then now is a good time to start dollar-cost averaging."

According to Onchain Lens monitoring, a certain whale (0x6C8) has deposited another 1.99 million USDC into Hyperliquid, bringing the total deposits to 32.7 million dollars, and has increased its ETH long position with 20x leverage.Currently, this position holds 45,000 ETH, with a position value of 87.8 million dollars, resulting in an unrealized loss of 3.5 million dollars.

According to the official announcement, Bybit has launched ESP (Espresso) pre-market trading, with a maximum leverage of 10x. The trading start time is February 10, 2026, at 18:10 (UTC+8).