#比特币市场行情# Analyzing the recent BTC market data, it has been observed that the volatility continues to decline, with DVOL dropping to around 35. Short-term market enthusiasm may cool down, but long-term bullish sentiment remains. In the options market, the demand for $110,000 put options expiring on August 25 has increased, indicating that some investors are hedging against short-term downside risks. However, the $140,000 call options for the end of the year are still favored, reflecting a generally optimistic market outlook for Q4. It is recommended to follow potential catalytic events in August while also paying attention to whether ETH can break through the $4,000 level, as this may influence the overall market direction.