炒作和比特幣：在加密貨幣世界中導航價格壓力

在解鎖事件中探索炒作令牌價格壓力的動力，以及亞瑟·海斯（Arthur Hayes）的拋售，以及比特幣的ETF前景和市場反應。

HYPE and Bitcoin: Navigating Price Pressure in the Crypto World

炒作和比特幣：在加密貨幣世界中導航價格壓力

The crypto market is a wild ride, and lately, all eyes are on HYPE and Bitcoin. From concerns over Hyperliquid's HYPE token unlock to Dogecoin's ETF prospects, price pressure is the name of the game.

加密市場是一個瘋狂的旅程，最近，所有人的目光都注視著炒作和比特幣。由於對Hypliquid的炒作令牌的擔憂解鎖了Dogecoin的ETF前景，價格壓力是遊戲的名稱。

HYPE Under Pressure: The Sword of Damocles

壓力下的炒作：達馬克爾的劍

Hyperliquid's HYPE token is facing some serious headwinds. The big news? A looming $12 billion unlock event. Trading around $43.37, HYPE has taken a beating, dropping over 12% in a single day and more than 20% in a week. Ouch!

Hyperliquid的炒作令牌正面臨一些嚴重的逆風。大新聞？迫在眉睫的120億美元解鎖活動。炒作的交易約為43.37美元，一天中的一次擊敗，一周內下降了12％，超過20％。哎喲!

The scheduled unlock on November 29 will release a whopping 23.8% of the total supply over 24 months, which analysts are calling a “Sword of Damocles” moment. The fear? $500 million in monthly selling pressure. Major whales are already trimming their positions, and confidence is shaky.

預定的解鎖在11月29日將在24個月內發布總供應總量的23.8％，分析師稱之為“ Damocles之劍”時刻。恐懼？每月銷售壓力為5億美元。主要鯨魚已經在修剪自己的位置，信心搖搖欲墜。

Arthur Hayes' Ferrari and the HYPE Selloff

亞瑟·海斯（Arthur Hayes）的法拉利（Ferrari）和炒作拋售

Adding fuel to the fire, BitMEX co-founder Arthur Hayes cashed out his entire HYPE position to buy a new Ferrari 849 Testarossa. Talk about a plot twist! Hayes made a cool $823,000 profit, but his abrupt exit has shaken investor confidence, especially after his bold prediction of a 126x surge in HYPE.

Bitmex聯合創始人Arthur Hayes為大火增加了燃料，兌現了他的整個炒作位置，購買了新的Ferrari 849 Testarossa。談論情節扭曲！海耶斯（Hayes）賺了823,000美元的利潤，但他的突然退出使投資者充滿信心，尤其是在他大膽地預測了126倍炒作激增之後。

Tokenomics Reform: A Ray of Hope?

Tokenomics改革：希望嗎？

To combat the growing concerns, DBA Asset Management’s Jon Charbonneau and researcher Hasu have proposed a tokenomics overhaul. The plan aims to remove distortions in fully diluted valuation (FDV) metrics and create a fairer assessment of Hyperliquid’s fundamentals.

為了應對日益增長的擔憂，DBA資產管理公司的喬恩·夏邦諾（Jon Charbonneau）和研究員Hasu提出了一個令牌學大修。該計劃旨在消除完全稀釋的估值（FDV）指標的扭曲，並對超流動性的基本面進行更公平的評估。

While supporters believe this could stabilize HYPE, critics worry that cutting emissions might weaken growth incentives. Only time will tell if these reforms can save the day.

儘管支持者認為這可以穩定炒作，但批評家擔心切割排放可能會削弱增長激勵措施。只有時間才能說明這些改革是否可以節省一天。

Bitcoin's ETF Journey and Dogecoin's Surprise Entry

比特幣的ETF旅程和Dogecoin的驚喜進入

Meanwhile, Bitcoin continues its ETF saga. Swiss asset manager 21Shares listed its proposed spot Dogecoin ETF (ticker: TDOG) on the DTCC platform. A key procedural milestone, though SEC approval is still pending.

同時，比特幣繼續其ETF傳奇。瑞士資產經理21Shares在DTCC平台上列出了其擬議的現場Dogecoin ETF（股票：TDOG）。儘管SEC的批准仍在審理中，但一個關鍵的程序里程碑。

Despite the excitement, DOGE’s price remains under pressure near $0.24, caught between bearish technical patterns and growing institutional momentum. The DTCC listing ensures that the operational groundwork for the ETF is in place should regulators give the green light.

儘管令人興奮，但Doge的價格仍在壓力接近0.24美元的壓力下，在看跌技術模式和不斷增長的機構勢頭之間。 DTCC列表確保了ETF的操作基礎，如果監管機構給予綠燈。

Market Dynamics: Aster's Rise and Xiaomi's Ambitions

市場動態：Aster's Rise和小米的野心

In other news, Aster is making waves as a decentralized perpetual exchange on the BNB Chain, challenging HYPE for the lead in perpetual trading. Its open interest jumped from $3.72 million to $1.25 billion in under a week, an insane increase of 33,500 percent.

在其他新聞中，阿特（Aster）在BNB鏈上是一個分散的永久交流，這挑戰了永久交易的領導。它的開放興趣從一周不到的372萬美元躍升至12.5億美元，瘋狂增加了33,500％。

Xiaomi is also stepping up its game, revealing new smartphones and household items to compete with Samsung in global markets. The company aims to offer high-end features at lower costs, putting pressure on competitors.

小米還正在加強遊戲，揭示了在全球市場上與三星競爭的新智能手機和家用物品。該公司的目標是以較低的成本提供高端功能，並向競爭對手施加壓力。

Final Thoughts: What Does It All Mean?

最終想法：這意味著什麼？

The crypto market is a rollercoaster, with HYPE facing unlock pressures, Bitcoin navigating ETF approvals, and new players like Aster shaking things up. It's a wild time to be in crypto, so buckle up and enjoy the ride!

加密市場是過山車，炒作面對解鎖壓力，比特幣批准了ETF批准，以及像Aster這樣的新玩家搖晃。這是一個在加密貨幣的瘋狂時刻，所以搭扣並享受旅程！