比特幣（BTC）價格下跌至$ 77.7K觸發礦工，以將硬幣卸載到加密交易所

比特幣的價格下跌至77.7萬美元，導致比特幣礦工經歷不斷升級的財務挑戰，這觸發了其轉移到加密貨幣交易所的大幅增長。

The Bitcoin price drop to $77.7K has caused Bitcoin miners to experience escalating financial challenges, which has triggered a substantial increase in their transfers to crypto exchanges. The selling intensity of miners is increasing according to on-chain data at CryptoQuant as historical market patterns indicate additional price declines until strong buyer settlements stabilize supply.

比特幣的價格下跌至77.7萬美元，導致比特幣礦工經歷了不斷升級的財務挑戰，這引發了將其轉移的大幅提高到加密交易所。礦工的銷售強度根據加密量的鍊鍊數據的增加，因為歷史市場模式表明，直到強大的買方定居點穩定供應，額外的價格下降。

Miners Offloading BTC at Local Bottoms

礦工在本地底部卸載BTC

As Bitcoin fell below $78K, the number of miner transfers to crypto exchanges experienced a substantial increase. The market downturn prompts miners to sell Bitcoin to cover operational expenses, thus causing BTC prices to decrease further. The green bars on CryptoQuant’s chart record significant miner exchange activity during major price drops.

隨著比特幣低於$ 78K的價格，加密交易所的礦工轉移數量大幅增加。市場下滑促使礦工出售比特幣以支付運營費用，從而導致BTC價格進一步降低。 CryptoQuant圖表上的綠色條記錄了主要價格下降期間的重大礦工交換活動。

The past price points where miners sold heavily corresponded to local market bottoms according to the chart data. Prolonged bearish trends develop when miners continue selling their assets because there is insufficient buy-side liquidity.

根據圖表數據，礦工出售的過去價格大量與當地市場的底層相對應。當礦工繼續出售其資產時，由於買方流動性不足時，較長的看跌趨勢會發展出來。

Different factors contribute to why miners are increasing their liquidation practices:

不同的因素導致了礦工為何增加清算實踐的原因：

Operational Costs

運營成本

Mining operations need continuous funding to cover both operational expenses and the cost of electricity usage, as well as hardware maintenance services. A drop in Bitcoin prices induces miners to sell additional coins in order to maintain operational readiness.

採礦業務需要持續資金來支付運營費用和用電成本以及硬件維護服務。比特幣價格下跌會導致礦工出售其他硬幣，以維持運營準備。

Market Liquidity Impact

市場流動性影響

The imbalance between miner sales and buyer purchases causes increased selling pressure that results in lower market prices.

礦工銷售與買方購買之間的不平衡導致銷售壓力增加，從而降低了市場價格。

Potential Market Impact

潛在的市場影響

Market demand’s strength could prevent distribution pressure from permanently affecting Bitcoin prices while possibly resulting in price recovery. BTC price may experience additional declines as miners maintain their current rate of BTC sales.

市場需求的強度可以防止分配壓力永久影響比特幣價格，同時可能導致價格回收。隨著礦工保持當前的BTC銷售速度，BTC價格可能會出現額外的下降。

Data from CryptoQuant demonstrates that the price movements in recent times stem from miner activity, thus proving that on-chain metrics represent critical components for market forecasting. The short-term market activity shows signs of volatility since miners might conduct additional testing of support levels before stabilizing their prices.

來自CryptoFant的數據表明，最近的價格變動源於礦工活動，因此證明了鍊鍊指標代表了市場預測的關鍵組成部分。短期市場活動顯示出波動性的跡象，因為礦工可能在穩定價格之前對支持水平進行額外的測試。

The market tracks Bitcoin’s transaction logistics alongside exchange supply trends to determine its subsequent price evolution while miners drive the current market value decrease.

該市場跟踪比特幣的交易後勤以及交換供應趨勢，以確定其隨後的價格演變，而礦工推動了當前的市場價值下降。