火星财经消息，据 Coinglass 数据显示，ETH 全网合约持仓量在过去 24 小时减少 7.53%，当前总持仓量为 495.86 亿美元。其中 Binance 持仓量为 92.91 亿美元，OKX 持仓量为 28.69 亿美元，Bybit 持仓量为 39.7 亿美元。

<div>火星财经消息，据 Coinglass 数据显示，ETH 全网合约持仓量在过去 24 小时减少 7.53%，当前总持仓量为 495.86 亿美元。其中 Binance 持仓量为 92.91 亿美元，OKX 持仓量为 28.69 亿美元，Bybit 持仓量为 39.7 亿美元。</div>

数据：ETH 全网合约持仓量 24h 减少 7.53%

According to Coinglass data, the total ETH contract positions across the network decreased by 7.53% in the past 24 hours, with the current total position at $49.586 billion. Among them, Binance's position is $9.291 billion, OKX's position is $2.869 billion, and Bybit's position is $3.97 billion.

<div>Mars Finance News, according to Coinglass data, the total ETH contract positions across the network decreased by 7.53% in the past 24 hours, with the current total position at $49.586 billion. Among them, Binance's position is $9.291 billion, OKX's position is $2.869 billion, and Bybit's position is $3.97 billion.</div>

Data: ETH network-wide contract holdings decreased by 7.53% in 24 hours

Are prediction markets simply well-packaged gambling, or a revolutionary innovation?

The debate seems to have strayed from the core issue.

This article, originally written by @0xJeff and translated and personally interpreted by @anymose, retains only the general meaning; for the original flavor, please refer to the original text.

01 When Risk is Packaged as Entertainment
The US is sliding into the abyss of "hyper-gambling": The market is flooded with sports betting apps optimized for teenagers, one-click prediction markets, and even absurd apps that use coin tosses to decide whether to double rent… Risk is blatantly packaged as entertainment, a sad reality.

Gambling has existed since ancient times:...

What are gamblers thinking?

The recent market has been truly stagnant, with frequent fluctuations and erratic price swings, effectively eroding liquidity and leaving no clear direction.

Let's summarize what the top analysts are saying: During this period, resting is better than frequent trading. Maintaining your understanding is key; inaction is the best strategy.

Current Market Situation: High-Level Consolidation and "Washout"

- Current Market Situation: BTC is currently consolidating in the 85k-90k range, characterized by frequent "V-shaped" price swings (rapid up-and-down V-shaped reversals). Essentially, this is the main players clearing out high-leverage contracts and reaping profits from short-term traders.

- Supply and Demand Structure: Sellers are showing strength...

Market Overview | BTC

The crypto market is heading into the final weekend of 2025, and before the new year begins, there are still opportunities for altcoins to grow further.

Leading the way is Pippin (PIPPIN), the following three altcoins are very promising...