According to @glassnode, the Realized Profit Loss Ratio 90D SMA is trending lower near 1.5 and moving toward 1, indicating progressively thinner crypto liquidity (source: @glassnode). According to @glassnode, a sustained break below 1 has historically coincided with broad capitulation as realized losses dominate profit taking across the market (source: @glassnode). According to @glassnode, any meaningful transition back to a strong rally should be visible in this liquidity sensitive indicator, with a sustained rise above about 5 historically signaling renewed liquidity inflows (source: @glassnode). According to @glassnode, traders should monitor this on chain metric for downside confirmation below 1 and upside confirmation above about 5 as liquidity conditions shift (source: @glassnode).

According to @KobeissiLetter, US household allocation to equities has reached a record 47.1% of financial assets, up 16.6 points since the 2020 low and 142% higher than 2008 levels, per their reported data. For traders, this @KobeissiLetter data signals elevated retail equity exposure, suggesting more crowded positioning and potentially higher sensitivity to drawdowns as incremental household buying power may be limited. Risk management and position sizing may need to account for this equity concentration, based on @KobeissiLetter’s reported allocation metrics.

According to Eric Balchunas, private credit ETF PRIV recorded a large inflow that organically lifted its assets under management by roughly 300 percent to about half a billion after previously muted interest; source: Eric Balchunas. Balchunas adds that the move was likely driven by a model allocation or BYOA and characterizes it as a big institutional sized flow; source: Eric Balchunas.

According to @GreeksLive, from January 27 to February 1, block trades posted a notional volume of $253.6 million, with $237.1 million on Deribit and $16.5 million on OKX, per @GreeksLive. The update also includes a recap of the top five block trades to show where size concentrated across venues, per @GreeksLive.

According to @OnchainLens, Machi (@machibigbrother) was partially liquidated again on leveraged long positions in ETH at 25x and HYPE at 10x. According to @OnchainLens, the positions remain open and are showing an unrealized loss of over $26.23M. According to @OnchainLens, the wallet and position activity are referenced via hyperbot.network.

According to @ai_9684xtpa, an on-chain whale address (0x9D26...01BfF) accumulated over $31.62 million of HYPE around ~$33 and capitulated near ~$30 at the recent low, realizing a loss; this positioning and exit are verified via the referenced HyperBot wallet page. The source adds that if the position had been held until today, the potential profit would have exceeded $4.23 million, highlighting the challenge of timing mean reversion moves. Based on the same source data, traders should monitor potential supply near the whale’s cost basis around $33, track whale flows and on-chain liquidity, and use disciplined risk management on any rallies.

According to @EmberCN, HYPE surged to around $38 while whale Laurent Zeimes, who began building a long near $22 about a week ago, now shows roughly $20.21 million in unrealized profit. According to @EmberCN, the address holds a 1.478 million HYPE long valued about $56.24 million with an average entry price of $24.36. Based on @EmberCN’s reported position metrics, the concentrated long exposure could heighten near-term volatility around the whale’s average cost and current valuation, which traders may monitor for liquidity reactions.

According to @OnchainLens, as HYPE trades above $36, @loraclexyz increased his HYPE long to 1,478,841 HYPE valued around $53M, with an unrealized profit exceeding $17M. According to @OnchainLens, he also holds a small 3x short in LIT, bringing total profit across positions to above $27.5M. According to @OnchainLens, these figures come from on chain wallet tracking for the cited address.

According to @ai_9684xtpa, Vitalik Buterin stated on X that he would withdraw 16,384 ETH to fund a multi‑year donation plan (source: Vitalik Buterin on X). On-chain records show 16,384 ETH moved from his personal wallet to a multisig, with selling activity initiating from that multisig (source: @ai_9684xtpa on X; source: CoW Explorer address 0xfEB016D0D14AC0Fa6d69199608B0776d007203B2). The same wallet approved 5,000 ETH to WETH and executed batched sales totaling 563.4 ETH (source: @ai_9684xtpa on X; source: CoW Explorer address 0xfEB016D0D14AC0Fa6d69199608B0776d007203B2). Traders can monitor that multisig for new WETH approvals and swap executions as near‑term ETH flow signals (source: CoW Explorer address 0xfEB016D0D14AC0Fa6d69199608B0776d007203B2).

According to @BullTheoryio, the ISM manufacturing PMI printed 52.6, the highest in roughly 40 months, signaling U.S. manufacturing expansion. The author notes that in prior crypto cycles the strongest altcoin rallies began only after the ISM trended higher, citing 2017 and 2021 as examples. They frame the rising PMI as a macro trigger traders can monitor for potential altcoin rotation, emphasizing that altseason strength historically followed sustained uptrends in this indicator.

According to @CryptoCoinCoach, BOME remains inside a long-term descending channel and is trading just above a major horizontal support zone. According to @CryptoCoinCoach, buyers are attempting to build a short-term higher low at the channel’s lower boundary where prior downside has slowed. According to @CryptoCoinCoach, if this support holds, price could attempt a corrective move toward the channel’s mid-range followed by a potential test of descending resistance. According to @CryptoCoinCoach, a clean breakdown below this support would invalidate the recovery attempt and open the door to further downside continuation, making this zone the key inflection for the next move.

According to @CryptoMichNL, the ISM reading moved above 50 to 52.6, its highest in more than three years, which he notes has historically coincided with Bitcoin (BTC) and crypto bull phases when the index holds above 50 (source: @CryptoMichNL). He adds that the economy just experienced the longest sub-50 stretch without a recession, framing recent weakness in gold and silver as evidence of shifting macro dynamics favoring risk assets (source: @CryptoMichNL). Based on this, he argues Bitcoin is nearing the end of its bear market and could outperform as the macro backdrop improves (source: @CryptoMichNL).

According to glassnode, off-chain signals are weakening as spot indicators have slipped to low conviction and futures and options conditions are declining, indicating fading participation and a more defensive risk stance. According to glassnode, ETF indicators are rising but remain low, signaling only tentative institutional support despite broader softening.

According to @ki_young_ju, Bitcoin on-chain indicators remain useful for long-term trend detection, with the note that they can miss 30% moves but tend to align with 600% cycle shifts, source: @ki_young_ju on X. He states that on-chain data is best for long-term trends, while short-term price action is better handled with technical analysis on market data, source: @ki_young_ju on X. He adds that the Bitcoin bull cycle is over and expects 6–12 months of bearish or sideways movement, source: @ki_young_ju on X.

According to @glassnode, the on-chain crossover between the cost basis of 1-month buyers and the 6-month cohort functions as a momentum signal similar to VWAP, historically aligning with transitions into and out of deep bear-market regimes as ownership rotates between weaker and stronger hands, source: @glassnode. @glassnode also cited the Risk Index from @bitcoinvector showing capitulation-level readings, framing the setup as a potential inflection zone for BTC rather than a confirmed bottom, source: @bitcoinvector via @glassnode.

According to Lookonchain, Bitcoin ETFs posted a 1-day net outflow of 8,080 BTC and a 7-day net outflow of 17,808 BTC (source: Lookonchain). Ethereum ETFs showed a 1-day net outflow of 108,075 ETH and a 7-day net outflow of 121,788 ETH (source: Lookonchain). Solana ETFs registered a small 1-day net outflow but a weekly net inflow of 76,944 SOL, indicating positive weekly demand relative to BTC and ETH (source: Lookonchain). For traders, ETF net outflows typically correlate with softer spot demand while multi-day inflows can signal relative strength, suggesting near-term relative resilience in SOL versus BTC and ETH based on the reported flow mix (source: Lookonchain).

According to @StockMKTNewz, Disney (DIS) reported EPS of 1.63 versus expectations of 1.57 and revenue of 26B versus expectations of 25.8B, delivering a beat on both metrics. The source also reports that despite the beat, DIS started trading down 6%, indicating a negative post-earnings price reaction at the open.

According to @lookonchain, Michael Saylor's Strategy bought another 855 BTC at about $87,974 last week, bringing total holdings to 713,502 BTC with a reported average cost of $76,052 and an unrealized profit of $1.25B. According to @lookonchain, the position is currently valued around $55.51B.

According to @saylor, Strategy acquired 855 BTC for approximately $75.3 million at about $87,974 per bitcoin and, as of 2/1/2026, holds 713,502 BTC acquired for roughly $54.26 billion at an average cost near $76,052 per bitcoin. Based on @saylor's disclosure, recurring corporate accumulation signals sustained institutional demand, which can support BTC spot liquidity and reinforces MSTR and STRC as high beta proxies for Bitcoin exposure for traders.

According to @CryptoMichNL, ETH has broken support against Bitcoin on the ETHBTC pair, setting up two potential paths, source: @CryptoMichNL. He highlights a continuation toward 0.026 as the more likely scenario to establish a bottom, implying roughly 10-15% additional downside, source: @CryptoMichNL. The alternative scenario is a swift recovery to reclaim 0.03250, which he views as less probable, source: @CryptoMichNL. He adds that a higher low at the proposed support would position ETH for a potential new uptrend later in the year, source: @CryptoMichNL.