ETH falls below the $3200 mark

On chain data shows that a certain account was forced to close due to a drop in ETH price to $2900, resulting in a loss of $738000 on 7250 ETH orders. Subsequently, the account opened another 2100 ETH multiple orders worth 6.18 million US dollars, with only 227000 US dollars remaining in the account balance. (Auntie Ai)

[K33 Research: December Could Be a Turning Point for the Crypto Market, Upside Potential Greater Than Downside Risk] K33 Research analyst Vetle Lunde stated that December might become a turning point for the crypto market, with structural upside potential forming. Currently, Bitcoin's valuation reflects market panic rather than fundamental factors, and the likelihood of a significant market rally is far higher than an 80% chance of another major drop. Lunde believes the market is overreacting to long-term threats such as quantum computing risks and the possibility of Strategy (MSTR) selling Bitcoin, while ignoring strong recent signals like the allowance of cryptocurrencies in 401(k) retirement accounts and the Federal Reserve shifting to support cryptocurrencies.

In the past hour, due to the Bitcoin price falling below $88000, long positions in Bitcoin and cryptocurrency worth $144 million were liquidated. （Bitcoin Archive）

[Main password: Bitcoin turns to call options, main trader trades $72.99 million betting on this direction] Monitor large orders in the market in real time and automatically generate report pushes. Open PRO members to view the full main data report

OKX-BTC/USDT is currently trading at $88140, with a 5-minute drop of 0.50%. Please pay attention to market fluctuations.