📌 TOPINDIATOURS Update crypto: Bitcoin Miner MARA Moves 1,318 BTC in 10 Hours, Tra

Bitcoin miner Marathon Digital (MARA) has transferred 1,318 BTC, worth $86.9 million, in 10 hours as Bitcoin slumps to $64K. The miner moved to a mix of three crypto wallets, on-chain data revealed.

Per Arkham, MARA moved a large chunk of 653.773 BTC to credit and trading firm Two Prime, worth about $42.01 million in one transfer. Minutes later, a smaller amount of 8.999 BTC, worth about $578,000, was sent to the same Two Prime-tagged address.

A separate chunk of about 300 BTC was sent to crypto custodian BitGo-linked wallet, split into two transactions, worth roughly $20.4 million at the time.

Besides, MARA also moved 305 BTC to a fresh wallet address, valued at $20.72 million.

Tough Period for BTC Miners

Bitcoin has been crashing so hard in the recent past and is now hovering just above $63,000 at the time of writing, its lowest levels since October 2024.

The plunge has taken a toll on Bitcoin miners, making it far less economical for them. Bloomberg reported Thursday that the mining revenue value per unit of computing power, called the hash price index, has dropped to around 3 cents for each terahash.

Newhedge research notes that a biweekly figure mining difficulty is set to drop by over 13%, one of the largest decreases since China banned mining in 2021.

As a result, shares of major BTC miners tumbled. MARA Holdings slumped more than 18%, while CleanSpark Inc and Riot Platforms Inc fell 19.13 and 14.7%, respectively.

MARA Trading Under Pressure – Here’s Why

MARA stock is down over 30% in the past 5 days, and 34% in the last month, according to Google Finance.

The company’s share performance is also tied to MARA’s latest insider share transactions report. On January 30, 2026, 14,301 shares of common stock were withheld at $9.50 per share to cover his tax liability upon vesting of restricted stock units, per Stock Titan data.

Apart from the headwind from the Bitcoin market downturn, miners have been facing rising power costs largely due to winter storms across the US in late January.

Further, energy-rich BTC mining hubs in Texas and Tennessee faced power outages.

“It is due to the combination of both the sell-off and winter storms,” Harry Sudock, chief business officer at CleanSpark, told Bloomberg.

The post Bitcoin Miner MARA Moves 1,318 BTC in 10 Hours, Traders Wary of Forced Miner Selling appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 TOPINDIATOURS Hot crypto: What is Helping Hyperliquid (HYPE) Hold Firm Amid Extr

Hyperliquid (HYPE) has moved against the broader market since the start of the year, supported by several internal and distinctive drivers. Analysts observe that liquidation losses have actually helped push HYPE’s price higher.

How long can HYPE continue to outperform the market? Several on-chain and market data points offer a more nuanced view.

Drivers Behind Hyperliquid’s Market Outperformance

While capital continues to flow out of the broader crypto market, Hyperliquid (HYPE) has attracted inflows. TradingView data shows that since mid-last month, the total crypto market capitalization has fallen from $3.2 trillion to $2.2 trillion. Over the same period, HYPE rose 60%, from $20.6 to $33.6.

This divergence suggests that HYPE’s internal catalysts have outweighed the market’s heavy selling pressure.

Recent reports from BeInCrypto attribute part of this momentum to a sharp surge in trading volume for HIP-3 futures contracts on Hyperliquid.

Grayscale Research highlights a boom in perpetual futures trading for non-crypto assets on Hyperliquid earlier this year. The platform recorded a seven-day average trading volume exceeding $900 million.

In addition, Ripple Prime has opened institutional access to Hyperliquid’s on-chain derivatives tools. This move supports liquidity and broader adoption.

Another development strengthened HYPE on February 5, a day marked by the most fearful market sentiment in a year. Coinbase officially enabled HYPE trading, leaving the token largely unaffected by the broader sell-off.

A listing on a major exchange like Coinbase boosted liquidity and demand. It attracted both institutional and retail investors. This allowed HYPE to absorb selling pressure and even extend gains while the market declined.

“Coinbase is listing HYPE! There are two nuances for this listing:

1. This is likely a precursor for spot HYPE ETFs to begin trading since Coinbase is the custodian.
2. US investors still have trouble getting HYPE exposure; a Coinbase listing alleviates that.”
   — Steven.hl, Yunt Capital, said.

Some analysts add that HYPE’s absence from Binance may be an advantage. It may help the token avoid widespread sell-offs. Investor MartyParty notes that HYPE is the only Layer-1 asset not listed on Binance. As a result, it has avoided being pulled into this “liquidity hunt.”

Why Do Larger Liquidations Push HYPE Higher?

Other analysts argue that HYPE’s price story runs deeper.

Coinglass data shows that out of more than $2.6 billion liquidated in 24 hours, Hyperliquid accounted for over $630 million. This figure was slightly lower than Bybit’s, but higher than Binance’s.

Analysts explain that heavier liquidations tend to support HYPE’s price because of a fee-revenue-based buyback mechanism. High liquidation volume means higher trading volume, which drives higher fee revenue.

DefiLlama data shows that on February 5, Hyperliquid generated $7.49 million in fees and $6.84 million in revenue. This marked the highest level since the market crash on October 10 last year.

For most projects, market crashes reduce revenue. Hyperliquid, as an exchange, benefits from liquidation activity instead. This dynamic directly impacts the price of HYPE.

Data from Hyperscreener shows that more than 160,000 HYPE tokens were bought back on February 5. This was the highest level since the October 10 market dump.

This structure gives HYPE a unique mechanism to counter negative market pressure.

“The recent uptick here is most likely due to a lot of liquidations, which tend to drive significant fees and revenue.”
— Analyst Thor said.

However, focusing too heavily on positive narratives may cause investors to overlook risks. On February 6, 9.92 million HYPE tokens are scheduled to unlock. In addition, negative market sentiment may persist and could outweigh HYPE’s positive catalysts.

The latest analysis from BeInCrypto emphasizes the importance of the $30 level. Price action above or below this threshold will form the basis for predicting HYPE’s next move this month.

The post What is Helping Hyperliquid (HYPE) Hold Firm Amid Extreme Market Fear? appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com