12 月 27 日，CryptoQuant 创始人 Ki Young Ju 引用数据比特币现货订单额度分布表示，在比特币近期持续的波段震荡中，往往呈现「价格上涨：散户买入、鲸鱼卖出；价格回落——散户卖出、鲸鱼买入」。而当前市场正处于价格回落，鲸鱼买入阶段。

<div><p>12 月 27 日，CryptoQuant 创始人 Ki Young Ju 引用数据比特币现货订单额度分布表示，在比特币近期持续的波段震荡中，往往呈现<strong>「价格上涨：散户买入、鲸鱼卖出；价格回落——散户卖出、鲸鱼买入」</strong>。而当前市场正处于价格回落，鲸鱼买入阶段。</p></div>

CryptoQuant创始人：比特币震荡中往往是散户高买低卖，鲸鱼低买高卖

On December 27th, CryptoQuant founder Ki Young Ju cited data on Bitcoin spot order distribution, stating that during Bitcoin's recent period of fluctuating prices, a pattern often emerges: "Price rises – retail investors buy, whales sell; price falls – retail investors sell, whales buy." The current market is in a phase of price decline and whale buying.

<div><p>On December 27th, CryptoQuant founder Ki Young Ju cited data on Bitcoin spot order distribution, stating that during Bitcoin&#39;s recent period of fluctuating prices, a pattern often emerges <strong>: &quot;Price rises – retail investors buy, whales sell; price falls – retail investors sell, whales buy.&quot;</strong> The current market is in a phase of price decline and whale buying.</p></div>

CryptoQuant founder: During Bitcoin's volatility, retail investors often buy high and sell low, while whales buy low and sell high.

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...

3 Altcoins to Watch This Weekend | December 27-28

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

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:...