比特幣現金減半導致市場波動，引發多頭平倉

4月3日，比特幣現金經歷了第二次減半事件，礦工獎勵從6.25 BCH減少至3.125 BCH，引發了對其價格的猜測。儘管比特幣現金在前幾個月大幅上漲，但最近出現下降，清算總額為 390 萬美元。然而，比特幣現金期貨的未平倉合約持續增加，達到 7.9923 億美元的新高。

Bitcoin Cash Halving Concludes, Sparking Market Volatility and Long Position Liquidations

比特幣現金減半結束，引發市場波動與多頭清算

As of 10:45 pm UTC on April 3, 2022, Bitcoin Cash (BCH) has undergone its second halving at block height 840,000. This significant event has reduced miner rewards from 6.25 BCH to 3.125 BCH, marking a pivotal moment in the cryptocurrency's history.

截至世界標準時間 2022 年 4 月 3 日晚上 10:45，比特幣現金 (BCH) 在區塊高度 840,000 處經歷了第二次減半。這一重大事件將礦工獎勵從 6.25 BCH 減少到 3.125 BCH，標誌著加密貨幣歷史上的關鍵時刻。

Bitcoin Cash emerged as a proof-of-work blockchain network and cryptocurrency in 2017, designed to address the perceived limitations of Bitcoin (BTC) in terms of speed and transaction costs. Its first halving event occurred on April 8, 2020, effectively halving miner rewards from 12.5 BCH to 6.25 BCH.

比特幣現金於 2017 年作為工作量證明區塊鏈網路和加密貨幣出現，旨在解決比特幣 (BTC) 在速度和交易成本方面的限制。其第一次減半事件發生於 2020 年 4 月 8 日，礦工獎勵從 12.5 BCH 減半至 6.25 BCH。

In anticipation of this latest halving, the BCH market has experienced significant volatility. Over the past three months, its price has surged by an impressive 147.85%, while the past 30 days have witnessed a further 24% increase. However, the 24 hours preceding the halving have been marked by a sharp decline of 9.94%.

由於對最近的減半的預期，BCH 市場經歷了大幅波動。過去三個月，其價格飆升了147.85%，近30天又上漲了24%。然而，減半前的 24 小時，暴跌 9.94%。

Data from CoinMarketCap reveals that BCH is currently trading at $572.21, a notable departure from its recent highs. This price dip has triggered substantial liquidations, with CoinGlass data indicating that long positions accounted for $3.3 million of the total $3.9 million in liquidations, while short positions contributed $569,540.

CoinMarketCap 的數據顯示，BCH 目前的交易價格為 572.21 美元，明顯偏離近期高點。此次價格下跌引發了大量清算，CoinGlass 數據顯示，在 390 萬美元的清算總額中，多頭頭寸佔 330 萬美元，而空頭頭寸貢獻了 569,540 美元。

Cointelegraph reported on March 29 that open interest (OI) in Bitcoin Cash futures perpetual contracts had reached an all-time high of $708.75 million. At the time of publication, OI has continued its ascent, reaching an even higher level of $799.23 million.

Cointelegraph 3 月 29 日報道，比特幣現金期貨永續合約的未平倉合約（OI）已達到 7.0875 億美元的歷史新高。截至本文發佈時，OI 繼續攀升，達到 7.9923 億美元的更高水準。

Industry experts have highlighted the impact of miner behavior on the BCH market. One Twitter user, "DavidShares," observed that many miners had already transitioned to mining Bitcoin in anticipation of the halving.

行業專家強調了礦工行為對 BCH 市場的影響。一位 Twitter 用戶「DavidShares」觀察到，由於預期減半，許多礦工已經轉向開採比特幣。

The genesis of Bitcoin Cash lies in 2017, when a group within the Bitcoin community advocated for scaling solutions and lower transaction fees to accommodate the growing demand. However, disagreements over these proposals led to a hard fork, resulting in the creation of Bitcoin Cash.

比特幣現金的起源於 2017 年，當時比特幣社群內的一個團體提倡擴展解決方案並降低交易費用，以適應不斷增長的需求。然而，對這些提議的分歧導致了硬分叉，從而產生了比特幣現金。

In 2019, Bitcoin Cash underwent another contentious hard fork, dividing the mining community. Some miners neglected to upgrade to the new chain, leading to the wasteful allocation of resources. Cointelegraph reported in November 2019 that miners had expended significant effort mining 14 empty blocks on the old chain, which the majority of the Bitcoin Cash network had already deemed invalid and rejected.

2019 年，比特幣現金經歷了另一次有爭議的硬分叉，導致挖礦社區分裂。有些礦工忽略升級到新鏈，導致資源分配浪費。 Cointelegraph 於 2019 年 11 月報道稱，礦工們花費了大量精力在舊鏈上挖掘了 14 個空塊，而大多數比特幣現金網絡已將其視為無效並拒絕。

As the Bitcoin Cash ecosystem navigates the aftermath of its halving, analysts and market participants will be closely monitoring the price action and its potential implications for the wider cryptocurrency landscape. The halving event has undoubtedly introduced a new set of variables, and only time will tell how they will shape the future of Bitcoin Cash and the broader cryptocurrency industry.

隨著比特幣現金生態系統經歷減半後的影響，分析師和市場參與者將密切關注價格走勢及其對更廣泛的加密貨幣格局的潛在影響。減半事件無疑引入了一系列新的變量，只有時間才能告訴我們它們將如何塑造比特幣現金和更廣泛的加密貨幣行業的未來。