A whale spent 20000 SOLs to participate in the Meme project PAIN, becoming the largest payment destination

Odaily Planet Daily News: CryptoQuant indicator data shows that Bitcoin funding rates have become negative seven times in a year. Historically, the previous six negative funding rates all indicate a strong bullish outlook for BTC. This indicator reflects the cost of holding leveraged positions in perpetual futures contracts, indicating that traders have become overly bearish and marking a local bottom, which is usually a precursor to a significant rebound. If history repeats itself, the market may soon turn to a bullish trend. Currently, traders are closely monitoring liquidity levels below $98000 and using $100000 as a strong support to restart price discovery as the first step. If this level is breached, it may trigger increased buying pressure. To fully restore the bullish trend and change market sentiment, BTC needs to regain the $103600 mark. （bitcoinist）

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According to BlockBeats, on February 5th, OKX Ventures posted on social media that the network has raised its gas limit for the first time since the Ethereum merger in 2022. This change will enable the Ethereum network to accommodate more transactions, alleviate congestion, and help stabilize transaction fees. This change enhances Ethereum's ability to handle complex smart contracts and high demand dApps, improving the transaction speed and scalability of DeFi and other on chain innovations. In the past 7 days, the net inflow of funds into the Ethereum network reached $1.1 billion, while Base was only $104 million and Solana was only $33 million. In addition, the amount of funds transferred from Solana to Ethereum is four times higher than the amount flowing in the opposite direction, indicating a change in liquidity as the capital flowing into Ethereum increases. Recently, the net inflow of Ethereum spot ETFs has continued to increase (with a net inflow of $307 million today), indicating a significant increase in investor interest in ETH ETFs.

ETH has risen, with a trading volume of 52.9 billion US dollars in the past 24 hours and a circulating market value of 337.5 billion US dollars, representing a 0.49% increase in market value. Data for reference only

OKX-ETH/USDT is currently trading at $2800.40, with a 24-hour increase of 0.42%. Please be aware of market fluctuations.