A certain whale increased its long positions in ETH, BTC, and SOL, with a total value of 613 million US dollars

[Analyst Roman Points Out Bitcoin Forms Bear Flag Pattern with Target Price of $76,000] Market analyst Roman pointed out that Bitcoin's current trend has formed a bear flag pattern, with a target price of $76,000, and it could even drop to $50,000. After rebounding from a recent low of approximately $80,000, Bitcoin has been fluctuating within an ascending channel but has failed to break through key resistance and lacks upward momentum. Roman noted that Bitcoin has risen 750% from the 2022 bottom of $15,600, suggesting the current bull market may have ended, with the Relative Strength Index (RSI) signaling bearish trends over the long term. Trader Luca, however, believes Bitcoin's price is currently above the bull market support band, and if it successfully holds the support band and rebounds, the mid-term outlook could turn bullish again.

[Kalshi and 5 Organizations Jointly Establish Prediction Market Alliance CPM] Kalshi, (Crypto.com), Robinhood, Coinbase, and Underdog have jointly announced the establishment of the Prediction Market Alliance (CPM). Nearly half of Americans under the age of 45 have used prediction markets, and the market expansion rate continues to accelerate. As of October this year, the prediction market industry valuation has reached $28 billion. The predictive performance of prediction markets is approximately 30% higher than traditional polling. Additionally, over 70% of Americans agree that prediction markets should not be treated as gambling.

[Bitcoin Resistance Range Between $97,000 and $108,000, with Downside Support at $80,000] CoinDesk analyst Omkar Godbole points out that Bitcoin's current price movement is lackluster, but technical indicators show potential bullish signals. The MACD histogram is nearing a bullish crossover, and the U.S. Dollar Index (DXY) has weakened to 98.36, suggesting market sentiment may turn favorable for Bitcoin. If Bitcoin breaks the current downward trendline or ends its long-term downtrend, the target resistance range is between $97,000 and $108,000; if it breaks below the minor ascending channel, it may test the $80,000 support level. Weak ETF inflows may continue to limit the upside potential of the price.

'BTC OG Insider Whale' has transferred 5,152 BTC (approximately $476.68 million) to a new address.

The 'BTC OG Insider Whale' has continuously increased 5x leveraged ETH long positions over the past 30 minutes, with the current position rising to 151,094.5 ETH (approximately $492 million). The average entry price is $3,185.05, with an unrealized profit of $10.5 million.