GuShiio.com Wall Street hedge funds ‘short positions in Ethereum hit a record high, surging 500% since November last year.
Author: Shenchao TechFlow
yesterdaymarket dynamics
Story announced that it will launch its public main website on February 13 and open $IP Airdrop application
According to official news, Layer1 blockchain Story, which focuses on intellectual property, announced that it will officially launch the public main network on February 13 (this Thursday). The airdrop application and qualification check functions of its native token $IP will also be opened simultaneously.
Musk bids $97.4 billion to compete OpenAI Control, Sam Altman responded: willing to take over Twitter for 9.74 billion
According to the Wall Street Journal, the investment consortium led by Musk submitted a $97.4 billion takeover offer to OpenAI’s board of directors in an attempt to gain control of the non-profit organization. The offer may affect OpenAI’s existing development plans, including the transformation of a for-profit company and the US$500 billion Stargate project to develop AI infrastructure.
OpenAI CEO Sam Altman immediately responded on social platforms that he would not accept the offer and reversed the proposal to acquire Twitter for US$9.74 billion. Musk called Altman a liar in his comments. Previously, the two sides had disputed the development direction of OpenAI in court. Musk said he would lead OpenAI back to the open source path and put security first, but an official OpenAI spokesperson did not respond.
FGM Research Director: Federal Reserve may not cut interest rates this year
Daniel Doderer, economist and director of research at metals services firm Flack Global Metals, said: I think the Fed is in a very good position to do nothing for a while, Jin Shi reported. We are moving from a labor market where supply and demand are balanced to a market that may face supply constraints while demand remains unchanged or higher, which suggests that the Fed is unlikely to cut interest rates. Therefore, our internal expectation is that the Fed will not cut interest rates this year. However, compared with the possibility of raising interest rates, the possibility of the Federal Reserve cutting interest rates is slightly higher. rdquo;
It is reported that the Federal Reserve suspended interest rate cuts at its January meeting, and when or whether it will resume interest rates remains unresolved, especially as markets wait to see how Trump’s second administration’s tariff and immigration policies will develop.
Tomo founder Ryan announced that he would share the investment income of DuckChain with users and would airdrop DUCK’s total investment.supply0.1%
Ryan Fang, founder of Tomo Wallet, announced that he will share his investment income in DuckChain with Tomo users and present DuckChain co-branded gift $DUCK BOX.
The prize pool totals 10,000,000 DUCK, accounting for 0.1% of the total DUCK supply. Tomo officials will take a snapshot at 0:00 on February 17, Beijing time, and Tomo wallet users who meet the requirements can collect it. For details, please refer to Tomo Wallet’s official Twitter (@tomo_wallet).
In addition, Tomo will open 300 white lists to current and historical Tomo Key holders. Eligible users can register with Google Forms and receive the $DUCK BOX reward directly on a first-come, first-served basis.
Alliance DAO Founder: AlreadyclearanceAfter holding ETH for 10 years, its growth potential is almost over
Alliance DAO founders Imran Khan and Qiao Wang shared their views in a podcast titled “On Consumer Crypto”.
Imran believes that supporters of Base in the current market have turned to Solana. Qiao responded to this view that Solana is easier to attract users. For developers familiar with EVM, switching to Solana is not easy and requires learning a whole set of new tools, but even so, they still feel it is worth it because Solana provides a better user base and ecological support.& rdquo;
In addition, Qiao also said that I have actually owned Ethereum since the Creation Block. But I sold it last year, and I held on to it for 10 years. You can imagine holding an asset for 10 years and then suddenly feeling that its growth potential is almost over. rdquo;
DWF Lianchuang: It’s crime season (crime szn), anything can happen
According to Andrei Gracev, co-founder of DEM, in an X post, it is currently a crime season (crime szn), anything can happen, and short-term trends may change. Grachev emphasized that investors should be cautious and do their homework (DYOR).
wall Streethedge fundsShort positions in Ethereum hit a record high, surging 500% since November last year
According to The Kobeissi Letter, Wall Street hedge funds ‘short positions in Ethereum hit a record high, growing 40% in a week and a cumulative increase of 500% since November 2024. On February 2, Ethereum plunged 37% in 60 hours, causing the market value of the cryptocurrency market to evaporate by more than US$1 trillion.
Data shows that although Ethereum received strong capital inflows in December 2024, it attracted more than US$2 billion in new funds in three weeks, with the highest inflow in a single week reaching US$854 million. However, the current price of Ethereum is still about 45% lower than the historical high in November 2021, and it has obviously underperformed Bitcoin. The market value of Bitcoin is already six times that of Ethereum, setting a new high since 2020.
It is worth noting that against the background of the Trump administration’s friendly attitude towards Ethereum and Eric Trump even publicly stated that now is a good time to increase its holdings of Ethereum, such a large-scale short selling wave is particularly abnormal. There are multiple market interpretations of this, including multiple possibilities such as market manipulation, hedging demand, and bearish on Ethereum’s fundamentals. Analysts expect that due to excessive concentration of short positions, Ethereum may experience violent fluctuations in the future, and the possibility of short squeeze cannot be ruled out.
Bloomberg analysts: Litecoin, Dogcoin spot ETF The probability of approval is 90% and 75% respectively
Eric Balchunas, senior ETF analyst at Bloomberg, predicts that the probability of approval of Litecoin (LTC) and Dogecoin (DOGE) spot ETFs in 2025 will be 90% and 75% respectively, and the probability of approval of Solana (SOL) and XRP will be 70% and 65% respectively.
Bloomberg analyst James Seyffart added that the SEC is expected to confirm the ETF application documents for XRP and Dogecoin this week, and the cryptocurrency working group of the SEC and Commissioner Peirce will clarify the securities and commodity definition issues involved in the lawsuit by the end of 2025.
Spot gold broke through US$2920 and continued to hit a record high, Trump’s tariff threat triggered a surge in safe-haven demand
According to Jin Shi, the spot gold price exceeded US$2920/ounce to a record high, with a cumulative increase of more than 11% this year. COMEX gold futures rose sharply 1.70% to US$2,936.8 per ounce, and gold on the Shanghai Futures Exchange closed at 682.74 yuan/gram at night, an increase of 1.35%.
The rise in gold prices is mainly driven by three factors:
First, Trump announced on February 10 that he would impose a 25% tariff on all imported steel and aluminum products, affecting major exporting countries such as Canada, Brazil, Mexico, South Korea and Vietnam, triggering trade wars and inflation concerns;
Secondly, the geopolitical situation in the Middle East has once again become tense, with Israel and Hamas accusing each other of violating the six-week ceasefire agreement;
Third, the market is concerned that the United States will release January CPI data on Wednesday. It is expected that the overall and core CPI will increase by 0.3% month-on-month, with annual increases of 2.9% and 3.1% respectively. If the data is higher than expected, it may push up the yield of US bonds., putting pressure on gold prices.
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