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BlockBeats News, February 8th. Bitwise advisor Jeff Park posted a retrospective on the recent market crash. Jeff Park first clarified that the statement "Nasdaq has lifted IBIT options position limits, giving Wall Street unlimited leverage" is not true. Both Belrde IBIT and BITB have always had a standard position limit of 250,000 shares. The SEC's related filings only raised the position limit of spot ETFs such as FBTC and ARKB to 250,000 shares to align with the IBIT and BITB position limits to ensure fair market competition. In November last year, Belrde IBIT applied to raise the limit from 250,000 shares to 1 million shares, but the application was not approved. Regarding the cause of the market crash, Jeff Park stated that it is more likely triggered by the risk offloading of the traditional financial system and the derivatives mechanism, rather than a fundamental change in the cryptocurrency industry or a single "black swan" event. On that day, Bitcoin ETFs, especially IBIT, saw record trading volume and options trading activity, with options trading clearly dominated by the bearish side. Bitcoin fell by more than 13% in two days, and the market initially expected a significant outflow of ETF funds, but the actual data showed net fund inflows. This indicates that the selling pressure mainly comes from "paper funds" and non-directional trades related to hedging and market-making, rather than long-term fund outflows. The changes in ETF net flows in the coming days will be a key indicator to assess whether there is new long-term demand.

According to the latest data from a certain exchange, reported by Odaily, the price of gold has risen to $4,965.51 per ounce, with a daily increase of 3.57%; the price of silver has risen to $77.840 per ounce, with a daily increase of 9.84%. In terms of volatility indices, BVIX (BTC Volatility Index) is currently at 60.17, up 2.52% on the day; EVIX (ETH Volatility Index) is currently at 78.97, up 2.19% on the day. In the foreign exchange market, the USD/CNH (US dollar to offshore RMB) fell by 0.14% during the day, now at 6.92926; the USD/JPY (US dollar to Japanese yen) rose by 0.20% during the day, now at 157.239. In terms of commodities, WTI crude oil rose by 0.58% during the day, now at $63.52 per barrel; Brent crude oil rose by 1.25% during the day, now at $68.40 per barrel.

According to Odaily, on-chain monitoring shows that Ethereum treasury company BitMNR (@BitMNR) continued to purchase 20,000 ETH today, worth $41.98 million. BitMNR (0xBf0...7f52) currently has an unrealized loss of $7.5 billion on its ETH holdings. After this week's market downturn, the institution has accumulated a total purchase of 40,000 ETH, with a total value of $88.02 million and an average purchase price of approximately $2,200.