BTC entity adjustment has achieved a loss of $3.2 billion as of February 5th

According to Murphy's disclosure, on February 5th, the adjusted realized losses of BTC entities reached a record high of $3.2 billion, surpassing the losses caused by events such as Luna Raiders, FTX bankruptcy, and 312/519. A similar situation occurred on November 21, 2025, but was adjusted after Coinbase organized the wallet data.