Bitmine re-stakes 140,400 ETH, valued at 282 million USD

ETH drops below 1950 USDT

Gate News bot message, Gate market display, ETH drops below 1950 USDT, current price 1949.89 USDT.

Brother Ma Ji firmly believes "I can buy the dip"! After increasing his ETH long position by 25 times, he cut losses of 147,000 USD, and has already lost over 1 million USD this week.

Ethereum fell below $2000 on the afternoon of the 11th, drawing attention as Taiwanese artist Huang Licheng (Brother Mash) once again incurred a loss of approximately $147,000 after increasing his position. This week's losses have exceeded $1 million, and he continues to trade with 25x leverage, being regarded as the market's "free ATM."

Galaxy CEO Mike Novogratz: The era of crypto speculation is over, and there are no longer excess returns

Galaxy Founder and CEO Mike Novogratz said at the CNBC Digital Finance Forum in New York on Tuesday that the era of speculation where investors expect outsized returns may be coming to an end as more risk-averse participants enter the crypto space. Bitcoin has fallen over 21% this year, dropping to $60,062 last week, a near 16-month low.

If Ethereum drops below $1900, the total long liquidation strength on major CEXs will reach 408 million.

According to Coinglass data, if Ethereum drops below $1900, mainstream CEXs will trigger $408 million in long liquidations; if it breaks above $2100, $1.027 billion in short liquidations will occur. The liquidation chart reflects the intensity of liquidations and shows the potential impact of price movements on the market.

Gate Research Institute: Robinhood Launches Financial-Grade Layer 2 | Gate TradFi Total Trading Volume Surpasses $33 Billion

Gate Research Institute Daily Report: On February 11, the crypto market continued to face downward pressure, with mainstream assets maintaining a volatile and weak pattern. BTC and ETH remained at high levels but lacked clear direction. In terms of hot topics, funds focused on high narrative assets. POWER saw increased volume driven by Web3 incentive layers and ecosystem partnership news. PIPPIN rebounded sharply driven by AI creator IP and sentiment recovery. SONIC strengthened under the catalysis of SVM expansion and intense community exposure. Structurally, tokenized government bonds surpassed $10 billion, with RWA's position as a foundational asset in the on-chain financial system continuing to strengthen; meanwhile, Gate TradFi's total trading volume exceeded $33 billion.