- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
Analysis: Yesterday's BTC and ETH spot minute charts experienced abnormal volatility, possibly due to a certain liquidation of a market-making bot
BlockBeats News, February 9, Evgeny Gaevoy, founder of the crypto market maker Wintermute, analyzed the abnormal price movements of Bitcoin and ETH spot prices on the 1-minute chart in the early hours of February 8. He stated that it was likely caused by a certain market maker bot's liquidation event, resulting in a loss of up to tens of millions of dollars. The unusual fluctuation was due to losses from the bot, not malicious behavior from the market maker, and clearly, Wintermute was not involved.
Evgeny Gaevoy further commented that he was skeptical of rumors about "large institutions being liquidated" in the market, and even if it did happen, it would not have a medium- to long-term impact. Compared to past events like the Three Arrows Capital and FTX collapse, where news of liquidations spread quickly and there were clear signs of institutions seeking help, the current market rumors mostly come from anonymous accounts and have not been confirmed by reliable sources. Leverage in this cycle mainly comes from perpetual contracts, and exchanges no longer engage in risky investments using user funds or provide special credit as they did in the past. Credit tightening has led to institutional credit sizes being less than $2 billion, limiting the impact and making it difficult to trigger a chain reaction liquidation like in 2022.
Earlier reports showed abnormal price movements on the Bitcoin and ETH spot 1-minute chart in the early hours of February 8, with continuous single-minute fluctuations of over 1% and even 3% from 00:05 to 00:17.
You may also like
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…
USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…
Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…
Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…
NBA Star Giannis Antetokounmpo Becomes Shareholder in Prediction Market Kalshi
Key Takeaways: Giannis Antetokounmpo, the NBA’s two-time MVP, invests in the prediction market platform Kalshi as a shareholder.…
Arizona Home Invasion Targets $66 Million in Cryptocurrency: Two Teens Charged
Key Takeaways Two teenagers from California face serious felony charges for allegedly attempting to steal $66 million in…
El Salvador’s Bukele Approval Reaches Record 91.9% Despite Limited Bitcoin Use
Key Takeaways: El Salvador President Nayib Bukele enjoys a record high approval rating of 91.9% from his populace,…
Crypto Price Prediction for February 6: XRP, Dogecoin, and Shiba Inu’s Market Movements
Key Takeaways: The crypto market experienced a notable shift with Bitcoin’s significant surge, impacting altcoins like XRP, Dogecoin,…
China Restricts Unapproved Yuan-Pegged Stablecoins to Maintain Currency Stability
Key Takeaways: China’s central bank and seven government agencies have banned the issuance of yuan-pegged stablecoins abroad without…
Solana Price Prediction: $80 SOL Looks Scary – But Smart Money Just Signaled This Might Be the Bottom
Key Takeaways Despite Solana’s descent to $80, some traders find security as smart money enters the fray, suggesting…
XRP Price Prediction: Major Ledger Upgrade Quietly Activated – Why This Could Be the Most Bullish Signal Yet
Key Takeaways: The activation of the Permissioned Domains amendment on XRPL represents a significant development in XRP’s potential…
Dogecoin Price Prediction: Death Cross Confirmed as DOGE Falls Below $0.10 – Is DOGE Reaching Zero?
Key Takeaways The death cross event signals potential bearish trends for Dogecoin as its price dips under $0.10,…
Stablecoin Inflows Have Doubled to $98B Amid Selling Pressure
Key Takeaways Stablecoin inflows to crypto exchanges have surged to $98 billion, doubling previous levels amidst heightened market…
Coinbase UK Executive Declares Tokenised Collateral a Mainstream Financial Force
Key Takeaways Tokenised collateral is transitioning from its initial experimental stages into becoming core infrastructure within financial markets.…
Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market witnesses volatility amid a technology-sector selloff, but opportunities still exist for keen investors.…
Why Is Crypto Down Today, February 6, 2026
Key Takeaways The global cryptocurrency market has seen an 8% decline in the last 24 hours, standing at…
U.S. Oil (USOR) Price Prediction 2026–2030
Key Takeaways U.S. Oil (USOR) is a speculative Solana-based crypto project that aims to index the United States…
USOR Surges on Meme Narrative Despite No Real-World Asset Backing
Key Takeaways: USOR, a Solana-based token, has seen a notable surge driven by speculative narratives rather than verifiable…
How to Buy U.S. Oil Reserve (USOR) Cryptocurrency
Key Takeaways U.S. Oil Reserve (USOR) is a Solana-based token primarily traded on decentralized exchanges (DEXs). Claims have…
USOR vs Oil ETFs: Understanding Why the ‘Oil Reserve’ Token Doesn’t Track Crude Prices
Key Takeaways The U.S. Oil Reserve (USOR) token has become noteworthy for its claims, yet it does not…
Trend Research Reduces Ether Holdings After Major Market Turbulence
Key Takeaways: Trend Research has significantly cut down its Ether holdings, moving over 404,000 ETH to exchanges recently.…
Investors Channel $258M into Crypto Startups Despite $2 Trillion Market Sell-Off
Key Takeaways: Investors pumped approximately $258 million into crypto startups in early February, highlighting continued support for blockchain-related…
App