北京时间今日 16:00，总价值超过 54 亿美元的比特币 (Bitcoin) 和以太坊 (Ethereum) 期权将在 Deribit 交易所到期。尽管分析师警告市场结构脆弱并暗示“周期末期”信号，但交易员仍持续做空波动率，采取复杂的策略以管理风险。 当前，比特币的最大痛点 (Max Pain) 价格位于 107,000 美元，而以太坊则防守性地靠近 3,800 美元支撑位。由于大量未平仓合约集中在关键行权价附近，本次大规模到期可能会引发市场剧烈波动，测试多空双方的信念。

超过 160 亿美元的比特币和以太坊期权将于 2025 年 10 月 31 日 在 Deribit 到期，这是今年最大的月度加密衍生品事件之一，预计将显著放大市场波动性。比特币期权的最大痛点（Max Pain）价格为 114,000 美元，以太坊则为 4,100 美元。尽管 Put-to-Call 比率显示出温和的看涨倾向，但分析师警告市场结构“脆弱且缺乏买盘”，交易者需密切关注价格是否会趋向最大痛点区域。

超过 56 亿美元的比特币和以太坊期权合约定于今日到期，这一重大事件正引发加密市场的紧张情绪和高度波动。其中，比特币期权合约价值高达 47 亿美元，最大痛点（Max Pain Price）位于 118,000 美元。尽管以太坊的看跌/看涨比率（Put-to-Call Ratio）显示出更强的看涨倾向，但两大资产的期权到期都可能促使价格向其最大痛点水平靠拢，考验交易员在关键支撑位的决心。

8月22日16:00（新加坡时间），将有价值超过48亿美元的加密货币期权合约到期，其中比特币期权名义价值达38.3亿美元，以太坊为9.48亿美元。这一规模庞大的期权到期事件，或将引发短期市场剧烈波动，投资者需警惕价格异动风险。 期权到期往往被视为加密市场的一个“定时炸弹”。在合约到期前，交易者可能通过对冲或平仓操作放大价格波动，导致资产价格向“最大痛点”（Max Pain Point）靠拢。该点位是指期权到期时，使大多数合约持有人损失最大的价格水平。据数据，比特币的最大痛点位于11.8万美元，而以太坊为4250美元。这意味着，如果价格未能有效突破这些关口，部分期权合约将变得毫无价值，进而加剧

作者：吴斌 “痛苦+反思=进步（Pain + Reflection = Progress）”。北京时间8月1日，桥水基金创始人瑞·达利欧（Ray Dalio）在社交媒体上分享了他的“告别信”，痛苦与反思淬炼跌宕投资之旅。随着75岁的达利欧出售了他在桥水基金的剩余所有股份，并离开了董事会，一代投资传奇“退隐”。 桥水基金创始人达利欧（资料图） 上周，桥水基金在致客户的信中表示，已经回购了达利欧的所有剩余股份。桥水随即向文莱主权财富基金发行了新股。在这笔价值数十亿美元的交易中，文莱主权财富基金获得了桥水近20%的股权。 在过去50多年的投资生涯里，达利欧曾多次成功预判重大趋势，包括2008

PAIN TOKEN看到$16.38的冲锋，狙击手在预售炒作中抢购代币。$25.48的初始价格高峰下跌至$17.22，暗示可能出现拉盘和出货情况。在不断下滑的模因币市场中，有关代币真实价值的猜测开始出现。

基于MEME的代币PAIN在48小时的预售中收集了185,976 SOL（约合$38m），但将退还80%的筹集资金给投资者。代币分配将基于贡献，排除中心化交易所(CEX)和机器人存款，而剩余20%的资金将用于支撑流动性、启动运营和可能的交易所上市。尽管团队尚未透露这些成本的具体细节，但购买者预计将有关于交易可用性和交易所合作伙伴关系的额外更新。

Gate 研究院日报：2 月 7 日，BTC 价格在 96,000 美元附近面临关键支撑，短期趋势仍未明朗。USDC Treasury 在以太坊铸造 6,892 万枚 USDC，市场流动性增强。$PAIN 预售 18.6 万枚 SOL，成 Solana 史上最大规模 Meme 项目之一。美国国会关注加密货币去银行化，FDIC 政策转向引发关注。Ondo Finance 推出 Layer 1 公链 Ondo Chain。过去 24 小时共有 1 个项目公开宣布获得融资，融资金额为 110 万欧元，涉及 RWA 板块。

Solana 迷因币 $PAIN 的预售引发了回响，募集了185,976 $SOL，约值 3720 万镁，打破了迷因币预售金额的纪录。然而，$PAIN 官方宣布将退还 80% 的资金，仅使用 20% 资金来维持营运。社群对此纷纷称赞发币方的格局。$PAIN 的故事背靠 Memeland丶9GAG 的迷因老头 HIDE THE PAIN HAROLD。

The recent Bitcoin price rally has reignited investor interest and market momentum. Surpassing key resistance levels and hitting a historic all-time high (ATH), the Bitcoin price resurgence is driving a renewed focus on the flagship crypto asset and sparking enthusiasm for the general altcoin market. A particular altcoin, PCHAIN, has captured significant attention, with analysts and investors predicting it could surpass $2 by January 1, 2025. This rising star is becoming a hot topic in crypto communities, spurred by the growing fear of missing out (FOMO) as its value trajectory aligns with broader market optimism. As the Bitcoin price continues to dominate headlines, this altcoin’s potential hinges on its unique use case, robust community backing, and strategic partnerships, which set it apart in an increasingly competitive market. Investors are monitoring its upward trend, fueled by bullish sentiment and the projected 18,081.8% rally by January 1, 2025. With many analysts predicting further exponential growth, this altcoin appears poised to capitalize on the momentum of the Bitcoin price. This makes it a promising contender for investors seeking low-risk, high-reward investments and high returns in the ever-evolving crypto market. ## The Influence of the Bitcoin Price Rally on the Market The Bitcoin price movement remains the cornerstone of the crypto market, often setting the tone for broader market sentiment. The BTC’s recent rally, which saw it break the $103,679 mark, fueled by institutional interest, declining inflation, and hopes of regulatory clarity in the United States, has sent shockwaves through the industry. As the Bitcoin price surged, trading volumes rose, and investor confidence returned after a prolonged bear market. Historically, a BTC rally tends to act as a catalyst for the altcoin market. Altcoins, which refer to crypto assets other than BTC, often experience heightened activity as traders seek opportunities to maximize returns. ## The Altcoin Stealing the Show as Bitcoin Price Rises The altcoin in question, PCHAIN, is often called a “hidden gem” by market analysts Its unique value proposition and growing adoption in the real-world asset tokenization market have positioned it as a strong contender in the crypto space. PCHAIN’s parent project, PropiChain, is a blockchain-powered real estate platform poised to utilize cutting-edge technologies to power the future of the $600 trillion global real estate market. Currently priced at $0.011 for its ongoing second round of presale, top market analysts are projecting a massive 18,081.8% price rally to over $2 by January 1, 2025, for this altcoin. While the recent Bitcoin price rally has contributed to the FOMO for this PCHAIN RWA token, analysts attribute its potential to surpass $2 by early 2025 to several factors, including increased utility, strategic partnerships, expanding user base, and growing global demand. ## Factors Behind the $2 Prediction for PCHAIN Amid the Bitcoin Price Surge While other crypto tokens solely rely on the upward momentum of the Bitcoin price to make significant moves in the market, PCHAIN’s solid fundamentals are the key factors driving its price surge to $2. * Increased Token Utility As PropiChain’s utility token, PCHAIN offers real estate investors early access to the future of the $600 trillion global real estate market. PCHAIN also serves as an RWA token, bridging the gap between the real estate market and the blockchain. With an increased utility comes increased demand, which further translates to an increase in price for the token. * Growing Market Demand The RWA tokenization market is projected to grow to a staggering $16 trillion, with real estate the biggest beneficiary. As an RWA altcoin, investors understand that the token is positioned to enjoy the first-mover advantage in real estate tokenization, which will undoubtedly drive its value. * PCHAIN’s Underlying Technology PropiChain’s cutting-edge technology addresses critical pain points in the $600 trillion real estate market. By offering a more efficient and user-friendly real estate investment platform, the altcoin has positioned itself as a viable investment opportunity for real estate investors seeking high-profit potential assets. ## PropiChain Set To Power the Future of Real Estate PropiChain uses four cutting-edge technological innovations, such as the Metaverse, AI, smart contracts, and RWA tokenization, to reshape the real estate investment landscape. With its integration of the Metaverse, the platform revolutionizes how users engage with real estate properties by providing immersive virtual experiences. Through state-of-the-art 3D technology, potential buyers can explore properties from anywhere worldwide, effectively removing geographical barriers. The Metaverse also serves as a global marketplace, fostering real-time interactions between property buyers and sellers in an engaging digital environment. PropiChain offers round-the-clock support to assist investors in their real estate investment journey by using AI-powered virtual assistants and chatbots. This personalized guidance ensures a seamless and efficient investment experience, simplifying processes for both new and experienced investors. Additionally, a standout feature of PropiChain is its advanced AI-driven predictive market analysis. This technology provides investors with actionable insights into emerging market trends within the real estate sector. The AI tool analyzes market patterns and future developments and helps investors strategize for emerging opportunities In addition, PropiChain integrates smart contracts to help property owners automate critical property management tasks, such as lease agreements and renewals. This feature eliminates inefficiencies and reduces reliance on intermediaries like brokers and leasing agents. Another groundbreaking feature of this revolutionary platform is its use of Real World Asset (RWA) tokenization. This technology transforms real estate properties into digital tokens, allowing fractional ownership. PropiChain allows investors with limited capital to acquire portions of high-value real estate assets by breaking down traditional financial barriers. This democratized approach to property investment is reshaping the real estate sector, making it more inclusive and accessible. ## Conclusion The recent Bitcoin price rally has reaffirmed its dominance and paved the way for other crypto tokens to shine. With its projected 18,081.8% price rally by January 1, 2025, your $1000 investment in the ongoing PCHAIN presale at $0.011 would be worth approximately $181,818. Join the presale now to enjoy massive gains. At the end of this second presale round, the token price will increase by over 109% for the final round. Join now to avoid buying the token at an increased $0.023, potentially impacting your profit margin. BlockAudit, a leading blockchain security firm, has audited the project’s smart contract and found zero vulnerabilities. PCHAIN is listed on CoinMarketCap, increasing the token’s visibility and accessibility to potential investors. **For more information about PropiChain presale:** Website: PropiChain Join Community:

当天表现最好的代币之一是HAROLD（$HAROLD），在撰写本文时，过去24小时内涨幅达到185%。这是一个令人难以置信的回报，意味着该代币自推出以来涨幅超过230%。该币基于经典的hide the pain Harold表情包

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