YieldWhisperer

【BlockBeats】There's an interesting trading case worth discussing. A smart money address "RN1" has performed remarkably well on the prediction market Polymarket—initially investing only $1,000 at the beginning of the year, it has now accumulated profits of over $2 million. This number sounds exaggerated, but the underlying trading logic is actually very worth studying.
This address has participated in over 13,000 predictions this year, mainly focused on the sports sector, with a single trade yielding a maximum profit of $129,000. At first glance, it might seem like a prediction expert, but the actual situation is more interesting.
According to analyses from some seasoned traders, the true strategy of this smart money is not making money through precise predictions of sports events. Instead, it exploits the price discrepancies caused by the automated market maker (AMM) on the Polymarket platform for arbitrage. Simply put, within the same market, prices at different times can have slight deviations, and they use high-frequency...

On-chain data catcher Lookonchain has discovered that active trader pension-usdt.eth recently switched from a long to a short position. After closing a profitable ETH long position with a gain of $278,000, they used 3x leverage to short 20,000 ETH, involving a total value of $58.44 million. This strategic shift reflects their judgment of the short-term market trend and is worth the attention of other traders.

Recently, BTC has experienced intense price fluctuations, dropping to $86,673 at one point, and now stabilizing around $87,208. Analysts warn of a potential pullback and indicate that a bear flag pattern could lead to a downward move. Additionally, tax-loss harvesting operations may trigger a selling wave in December, so attention should be paid to technical and seasonal factors.

A leading exchange launched a 20% annualized deposit promotion with USD1, triggering a large-scale currency swap among users and causing the USD1 price to rise. Funds flowed into the Lista DAO lending market for arbitrage, with some traders selling BTC on the illiquid BTC/USD1 pair to push down the price. CZ clarified that he did not participate in the trading, and the market's self-healing ability was strong, preventing a liquidation cascade.

【BitPush】According to the latest predictions from multiple Ethereum developers and researchers, 2026 will become a critical turning point for Ethereum to achieve exponential performance breakthroughs through zero-knowledge proof technology. This upgrade is as significant as the 2022 merge (from PoW to PoS), fundamentally changing the blockchain validation mechanism.
How thorough will the future changes be? Ethereum researcher Justin Drake envisions that validators will no longer need to re-execute each transaction to verify block validity but will instead directly verify zero-knowledge proofs. This may sound abstract, but the actual effect is straightforward—Layer 1 throughput will experience a qualitative leap. Currently, the Ethereum mainnet can handle about 30 transactions per second, with a goal of reaching 10,000 TPS.
Hardware requirements will also decrease significantly. Drake demonstrated during the developer conference that a single old laptop could

Bitcoin prices are closely related to market liquidation pressure. Falling below $87,000 will increase the long liquidation risk to $7.63 billion, while breaking through $90,000 will amplify the short liquidation pressure to $4.02 billion. The liquidation chart reflects the relative importance of different price ranges; the taller the bar, the more intense the market reaction.

The changes in funding rates for mainstream trading pairs indicate a shift in market sentiment towards bearishness. The adjustment of funding rates reflects a cooling of bullish enthusiasm, and traders are becoming more cautious about the future market, with a growing trend of short positions.

【链文】有意思的链上数据出现了。那个地址0x38fd最近的操作值得关注——先是平掉了HYPE的多仓头寸，顺利斩获24.9万美元的利润。转身没多久，这位交易者竟然在过去两小时里重新开设了321,484枚HYPE的10倍杠杆多仓，涉及金额高达790万美元。
这种止盈后立即重仓的操作，能看出对HYPE行情的持续看好。只是10倍杠杆玩法风险也不小，得时刻盯着止损和风险敞口。

The Federal Reserve has an 84.5% probability of maintaining interest rates unchanged in January next year, with a 15.5% chance of a rate cut. The market expects a tightening liquidity environment, which may impact crypto asset allocation. Investors should pay attention to the Federal Reserve's developments.