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PANews, February 3rd – Matrixport released a chart today showing that after a rapid upward movement, gold has pulled back to near its 21-day moving average, which may provide support in the short term. This round of correction was mainly influenced by market news that Kevin Warsh might be nominated as the Chairman of the Federal Reserve, with his hawkish stance interpreted as a signal of tightening. Nevertheless, Matrixport believes that against the backdrop of continued expansion of US debt, there is still demand to allocate gold. This correction is mainly to digest gains and release profit-taking, which may provide a new window for positioning in gold and silver, and does not change the long-term bullish outlook on gold. Since 2023, when the gold price was below $2,000 per ounce, Matrixport has remained bullish on gold and sees this pullback as an opportunity to position.

According to AiCoin's real-time on-chain monitoring, the "HYPE Trend Rider" (0x8def…2dae) currently holds a HYPE long position with an unrealized profit of $17.21 million, making it the single largest profitable HYPE position on the entire Hyperliquid platform. The average entry price for this long position was $24.36, with the current position valued at $50.25 million and a return rate of 239%. Tracking shows that this address closed short positions in BTC, ETH, and SOL yesterday, with the three trades generating a combined profit of approximately $6.42 million in just three days. Specifically: the ETH short yielded $4.86 million, the BTC short $1.01 million, and the SOL short $548,000. Currently, the total assets in this address amount to about $33.75 million, with cumulative total profit and loss reaching $25.56 million. For more details on this address's positions and trading records, please visit: https://www.aicoin.com/zh-Hans/hyper-detail/0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

PANews reported on February 3 that, according to Glassnode analysis, bitcoin has dropped to $74,000, with the 14-day RSI falling into the oversold zone and momentum significantly weakening. Spot trading volume has rebounded somewhat, but the response is sluggish, indicating that the downtrend is still ongoing rather than a buy-the-dip scenario. The spot market is dominated by sellers, ETFs remain under pressure, there is clear deleveraging in the derivatives market, on-chain activity is sluggish, and the overall market has entered a risk-averse mode.Short-term stabilization may depend onthe easing of selling pressure and a recovery in demand