On-Chain Data

Odaily Planet Daily reports that according to Arkham monitoring, the Bitcoin mining company supported by the Trump family, American Bitcoin, has holdings that have surpassed 6,000 BTC, currently reaching 6,028 BTC, valued at approximately $403 million.

_Chainalysis reports an 85% rise in crypto flows tied to trafficking networks, with stablecoins widely used in illicit operations._ Crypto payments are playing a growing role in suspected human trafficking operations. New findings from Chainalysis show a sharp increase in digital asset flows

VeChain reported millions of enterprise transactions on VeChainThor in the past few days. The network said one transaction can bundle many “sub-transactions,” lowering fees per action and boosting throughput. VeChain enterprise partners have generated millions of transactions on its network

February 13 News, Bitcoin prices continue to weaken, falling another 1.39% in the past 24 hours, with a total decline of over 30% this month. Against the backdrop of a weak macro environment, on-chain data shows that the concentrated transfer behavior of some whales is amplifying the short-term market volatility risk. The on-chain tracking platform Lookonchain disclosed that a whale address marked as 3NVeXm has been transferring Bitcoin to trading platforms for the past three weeks. Initially, the scale was small, but it has recently accelerated significantly. On February 11, this address transferred 5,000 BTC in one go, followed by an additional 2,800 BTC. Arkham data indicates that these large inflows closely coincide with the decline in Bitcoin prices. Lookonchain pointed out that every time this address makes a transfer, the price quickly drops.

February 13 News, the government of Bhutan has recently conducted Bitcoin transfer operations again. BSCNews citing on-chain data reports that Bhutan has sold approximately $6.7 million worth of Bitcoin, information provided by on-chain analytics firm Arkham. Although "government sell-offs" can easily evoke market associations, in terms of scale, this transfer accounts for only a tiny fraction of the current daily Bitcoin trading volume and has not caused any significant price impact. On-chain tracking shows that Bhutan-related addresses still hold about $372 million worth of Bitcoin assets. This indicates that it is not a full-scale divestment but rather a phased fund reallocation. Since the end of 2025, Bhutan has repeatedly exhibited a similar transfer rhythm, adopting a "partial sale, long-term holding" strategy, demonstrating that it still regards Bitcoin as an important reserve asset.

On February 13, news reports indicated that the US spot Bitcoin ETF experienced a new round of selling. On the same day, Standard Chartered Bank downgraded its price forecast for Bitcoin in 2026, prompting the market to reassess its medium-term outlook. Data shows that on that day, the total net outflow of funds from the spot Bitcoin ETF was $410.4 million, with a total outflow of $375.1 million for the week. If there is no significant rebound afterward, this will be the fourth consecutive week of negative fund flow. The total assets under management of related funds have fallen back to approximately $80 billion, well below the peak of nearly $170 billion in October 2025.

ChainCatcher message, according to Arkham data, at 16:06, 30,000 SOL (worth approximately $2,366,400) was transferred from one anonymous address (starting with E4Cdn3FR...) to another anonymous address (starting with ukXtWU...).

ChainCatcher reports that, according to Arkham data, at 14:46, 676 BTC (worth approximately $44.63 million) was transferred from an anonymous address (starting with 1NdG...) to multiple addresses. Some of the BTC subsequently flowed into Cobo.com.

Due to a lack of investor demand, traders are focusing on concerning US macroeconomic data, and Bitcoin open interest has fallen to $34 billion. Some of the decline is also attributed to forced liquidations, which totaled $5.2 billion over the past two weeks. In the past month, Bitcoin has dropped 28%, gold has regained the $5,000 psychological level, and the S&P 500 is only 1% away from its all-time high.

ChainCatcher reports that, according to Arkham data, at 13:33, 578.45 BTC (worth approximately $38.35 million) was transferred from an anonymous address (starting with bc1qdu3...) to another anonymous address (starting with bc1qkn7...). Subsequently, this address transferred 400.45 BTC to another anonymous address (starting with bc1qggv...).

The net outflow of Ethereum spot ETFs has reached $113.08 million, with Fidelity FETH experiencing the largest outflow at $43.52 million. BlackRock ETHA saw an outflow of $28.96 million, and Grayscale's products collectively saw an outflow of $31.54 million, showing a significant increase.

On February 13, news reports indicate that Bitcoin's recent price has been under continuous pressure, failing to stay above $72,000. Meanwhile, the total open interest in Bitcoin futures has fallen to $34 billion, hitting a new low since November 2024, down approximately 28% from 30 days ago. Although the number of open contracts measured in Bitcoin remains around 502,450, indicating that overall leverage demand has not significantly decreased, forced liquidations have accumulated to $5.2 billion, intensifying market concerns that Bitcoin may fall back to the $60,000 support level. The weak bullish leverage demand in the market highlights a decoupling of Bitcoin from traditional financial markets. Over the past month, Bitcoin has declined by 28%, with investors lacking clear catalysts. At the same time, gold prices have returned to the psychological level of $5,000, and the S&P 500 index is approaching its all-time high. Some analysts believe that the risk-averse sentiment is driven by a soft U.S. labor market. Data from the U.S. Department of Labor shows that only 181,000 new jobs are expected to be added in 2025, below expectations, but the White House emphasizes that slowing population growth is leading to decreased job demand.

Analyst IT Tech pointed out in the CryptoQuant report that the seven-day average realized net loss for Bitcoin has reached $2.3 billion, making it one of the largest panic sell-offs in history, second only to the 2021 crash and the 2022 Luna/FTX events. Currently, Bitcoin is priced at approximately $66,600, down nearly 50% from its peak last year.

U.S. stocks, gold, silver, and cryptocurrencies all declined yesterday. BTC dropped to $65,000, mainly due to rising unemployment claims, poor housing sales, potential government shutdown, and risk aversion in Asian markets. BTC needs to turn the $76,000 resistance into support and challenge above $80,000, but the short-term downtrend is difficult to reverse, and spot buying is insufficient to change the situation.

On February 13, news reports that EigenCloud has officially joined the Open Gas Initiative (OGI), initiated by ETHGas. The goal is to remove Gas cost friction for end users through Gas abstraction and real-time execution, promoting Ethereum towards a "real-time, Gasless" interaction paradigm. This collaboration is seen as a significant milestone in upgrading the user experience at the application layer of Ethereum and also provides scalable samples for Gasless user pathways. EigenCloud is the world's first verifiable cloud platform, offering developers verifiable and trustworthy applications, AI products, and AI agent capabilities. Based on EigenLayer's staked security model, it extends Ethereum's cryptoeconomic security to off-chain and real-world scenarios, enabling encryption verification of any input, event, and computation. After joining OGI, EigenCloud can subsidize Gas fees for critical operations without code changes, turning the original costs and barriers into growth drivers.

XRP follows the overall cryptocurrency market downward, currently at $1.36. However, in terms of capital flow, the XRP ETF has experienced zero outflows for eight consecutive days, while BTC has seen outflows of $276 million. Unemployment claims have decreased to 227,000, and the Federal Reserve's probability of cutting interest rates in March has risen to 7.8%, with a 63.9% chance in June. Looking ahead, Friday's CPI data release will be a key factor.

Bitcoin (BTC) continues its sluggish trend, trading around $66,050 on February 13. Standard Chartered Bank warns that Bitcoin may drop to $50,000 before rebounding, with a year-end target price lowered to $100,000. The U.S. Department of Justice announced that PGI CEO was sentenced to 20 years in prison for allegedly running a $200 million Bitcoin Ponzi scheme.

Bitcoin drops to around $66,000, with US Bitcoin ETFs experiencing outflows of over $3.2 billion in the past 30 days. Data released on Wednesday shows that the US labor market in 2026 started stronger than expected, with non-farm payrolls increasing by 130,000 in January, well above expectations, and the unemployment rate decreasing from 4.4% to 4.3%. The January CPI release on Friday will be the next key point, with expectations of a 0.3% increase in both overall and core CPI month-over-month.

ChainCatcher reports that, according to Arkham data, at 06:11, 671.41 BTC (worth approximately $44.16 million) was transferred from an anonymous address (starting with 1GvhXN...) to another anonymous address (starting with 14RzbS...).