1. Market: Fear, but not collapsed yet
BTC is reported at $62,907, down 1.37% in 24 hours, down 2.93% in 7 days, falling for 6 consecutive days, once dropping below $63,000, and losing the 200-week moving average at $64,000. The market focuses on the support at $62,500 and the resistance zone at $64,500–$65,000. Fear and Greed Index is at 29 (fear).
The S&P 500 is reaching historical highs, but BTC is stuck at $63K—sellers have run out of steam, but buyers are not strong enough. If it loses support, leveraged longs could be hit down to $58.5K.
Two notable counter-trends: a whale built a short position of $114 million in BTC at an average price of $63,582, currently making a profit of $1.794 million; Strategy sold $100M BTC in July to buy back its own preferred stock STRC, indicating a shrinking buying power at the corporate level.
In summary: macro risk assets have not collapsed, but BTC is bleeding funds, falling for 6 weeks without a rebound, and altcoin rotations are accelerating the bleeding—retail feels that "the market has died".
2. But 5 coins are not dead: They are 'making real money'
The only criterion: whether the protocol/platform itself has cash flow, and then uses the cash flow to buy back and burn its own coins.
1. $HYPE @ $56.67 (Gate) — Hyperliquid
AQAv2 buyback engine has burned a total of $1.27B HYPE. In the last 7 days, it repurchased and burned 130.87K HYPE for approximately $7.65M, at an average price of $58.45. The funding comes from perpetual contract fees, and Bitwise CIO disclosed that Hyperliquid's quarterly protocol buyback scale reached $169M. The only "perpetual contract volume-driven protocol buyback and burn" leader in the crypto world—the price is not driven by calls, but derives from trading volume.
2. $LINK @ $8.80 (Binance) — Chainlink
SWIFT integration is officially in commercial use (not in pilots), with over 11,000 banks accessing CCIP. It puts activities (dividends/splits/interest payments) on-chain with 24 financial institutions like SWIFT, DTCC, Euroclear, UBS; CRE turns AI-extracted data into ISO20022 sent through SWIFT. Project Pangea unites over 50 banks with over $10T AUM for EUR/KRW stablecoin atomic settlements. Figure processes $1.6T US auto loans on-chain, with Chainlink providing the entire track. Standard Chartered initiated coverage on August 10 with a year-end target of $13 and $200 by 2030. Essentially, it is the "Bloomberg + SWIFT" of crypto—the price is temporarily soft, but institutional infrastructure thickens quarterly.
3. $AAVE @ $87.16 (Binance) — Aave
V3 stablecoin + RWA pools are continuously expanding. Bitwise lists Aave as one of the four representatives of "real protocol fee buyback and burn" (the other three: Hyperliquid, Uniswap, Pump.fun). Few protocols in DeFi can provide continuous income—this is not a meme, not speculation, it is profit.
4. $OKB @ $101.22 (Binance) — OKX
OKB's total supply is 21,000,000 coins with a hard cap and a deflationary model. OKX historically uses its quarterly platform profits to buy back and burn OKB, being one of the earliest platforms in China to adopt a "dividend + deflation" model for platform coins. It has risen +14.87% in the last 7 days, making it the strongest among these 5 coins in the short term. Combined with the launch of OKXTradFi (integrating market, financial reports, and shareholder information alongside K charts), platform coins are beginning to develop "research tool" attributes, and the narrative is upgrading.
5. $SOL @ $75.82 (Binance) — Solana
7d +3.10%, 24h slightly down -0.24%, one of the few in the market "not following the downturn". On August 18, validator votes for SIMD-0550/0553 will double the SOL's deflation rate to 30%, reducing about 18.9M SOL over the next 6 years, increasing daily burn by approximately 14 times. Visa and PayPal stablecoin settlements continue to follow the SOL track. Before the upgrade, the market expects it to be treated as a "quasi-buyback coin," with the deflation expectation providing an added leg compared to BTC.
3. Their common point: the watershed with altcoins
The difference between these 5 coins and altcoins is not in their price fluctuations, but in their quality.
Their cash flow comes from the real income of the protocol or platform—HYPE is from perpetual contract fees, AAVE is from borrowing spreads, OKB is from platform profits, and SOL is from network burns. Their buyback mechanisms can be verified on-chain: HYPE looks at AQAv2, OKB checks the quarterly burn announcements, and LINK observes the progress of partner implementations. This is not a promise, but data.
The opposite of altcoins is exactly the opposite: cash flow relies on "there will be" in the future, buybacks depend on "we plan to," and the demand side has only retail investors holding and waiting for the next hot topic.
In one sentence: it is not about themes, it is about quality.
4. Why this line of thought applies in the A-share market in August
August has traditionally been a seasonally weak month for A-shares (open backtesting standard: August's positive return rate is about 44%, average -1.82%). Most strategy experts define August as "garbage time."
The 7th of 8 pieces of advice is the most critical: only high-quality companies with stable operations can withstand fluctuations.
Translating this into crypto: HYPE, LINK, AAVE, OKB correspond to banks, energy, public utilities in A-shares—defensive asset dividends; altcoins correspond to story stocks, ST, and speculative stocks in A-shares.
Funds in both markets are doing the same thing—avoiding "commitments for the next three years" and embracing "making money right now."
5. Three iron rules for operation (applicable to both markets)
First, invest with spare money. Both markets have policies and sudden risks, so keep enough cash for living expenses.
Second, do not use leverage. A movement like the drop from $63K to $58.5K, which seems "not too significant," can lead to direct liquidation for leveraged longs.
Third, build positions in batches. $62.5K for BTC is a key support; do not over-leverage shorts before it is confirmed broken; slowly acquire these 5 coins during corrections, do not chase high prices.
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Risk warning: The content is only a market observation sharing and does not constitute investment advice. The crypto market is highly volatile; please participate within your own risk tolerance.
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