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1. Ethereum transfer volume reaches 1.17 million transactions, at the levels of major market peaks in 2018 and 2021
According to CryptoQuant data, the number of Ethereum transfers (14-day moving average) has reached 1.17 million. This level previously appeared near major market highs in 2018 and 2021. Historical data indicates that such surges often signal peak volatility and potential chip distribution.

2. Arthur Hayes: Today, pay attention to "Black Swan" events; BTC movement is too abnormal
On February 5th, Arthur Hayes posted on social media, saying, "Maybe I should pay attention to a 'Black Swan' event today, after all, BTC's movement is too abnormal."

3. Bitcoin triggers weekly oversold signal for the first time since June 2022
On February 5th, according to Tradingview data, as the price fell below $71,000, Bitcoin triggered its first weekly RSI oversold signal since June 2022, currently at 29.21.

RSI stands for Relative Strength Index, one of the most commonly used technical analysis indicators in stock, futures, forex, and cryptocurrency markets. It was introduced by American technical analyst J. Welles Wilder in 1978 and is mainly used to measure the speed and magnitude of price changes, determine whether the market is overbought or oversold, and help investors identify potential reversals or trend continuation signals. Generally, when RSI drops below 30, it enters the oversold zone.

An oversold RSI signal does not necessarily mean the price is at an absolute low. In June 2022, Bitcoin briefly fell below $18,000, with an RSI of about 26.2. In November of the same year, Bitcoin dropped to $15,600 during the FTX collapse, with an RSI of 31.4.