在 ETF 繁榮和減半危機中，比特幣交易所供應量將在九個月內蒸發

在減半後的供應動態中，由於美國 ETF 的需求，比特幣交易儲備預計將在九個月內耗盡。數據顯示，隨著資金持續流入，外匯存底每天面臨約 7,142 BTC 的流出，可能導致剩餘儲備耗盡。

Bitcoin Supply on Exchanges to Vanish in Nine Months Amidst ETF Surge and Halving Crunch

由於 ETF 激增和減半緊縮，交易所的比特幣供應將在九個月內消失

The impending Bitcoin halving, scheduled for this week, is poised to exacerbate a dwindling supply of the cryptocurrency on centralized exchanges, according to a report by Bybit released on April 15. With the halving reducing new coin issuance by 50%, and assuming continued demand from United States Bitcoin exchange-traded funds (ETFs), the report projects that exchange reserves will be depleted within just nine months.

根據Bybit 4 月15 日發布的報告，預計本週即將到來的比特幣減半將加劇中心化交易所中加密貨幣供應的減少。假設需求持續成長美國比特幣交易所交易基金（ETF）的報告預計，外匯存底將在短短九個月內耗盡。

"Bitcoin reserves in all centralized exchanges have been depleting faster," the report states. "With only 2 million Bitcoins left, if we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily, suggesting that it will only take nine months to consume all of the remaining reserves."

報告指出：“所有中心化交易所的比特幣儲備都在加速耗盡。” 「比特幣只剩下200 萬枚，如果我們假設每天有5 億美元流入比特幣現貨ETF，那麼每天將有大約7,142 枚比特幣從外匯儲備中流出，這意味著只需要9 個月就可以消耗完所有剩餘儲備。

Data from CryptoQuant confirms this trend, indicating that Bitcoin reserves on centralized exchanges fell to a near three-year low of 1.94 million BTC on April 16.

CryptoQuant 的數據證實了這一趨勢，顯示中心化交易所的比特幣儲備在 4 月 16 日跌至近三年低點 194 萬比特幣。

Wider Market Slump Amidst Anticipated Post-Halving Price Surge

預期減半後價格飆升，市場更廣泛低迷

The report comes amidst a broader market downturn, with Bitcoin experiencing a price drop of over 10% during the past week, reaching $62,924 at 1:36 pm UTC, as per CoinMarketCap data.

該報告是在更廣泛的市場低迷時期發布的，根據 CoinMarketCap 的數據，比特幣的價格在過去一周下跌了 10% 以上，在世界標準時間下午 1:36 達到 62,924 美元。

Despite this temporary setback, Bybit, the world's third-largest exchange, anticipates that Bitcoin prices will rebound from the current correction. The report suggests that the supply squeeze resulting from the halving could propel the price to新たな new record highs.

儘管出現暫時的挫折，全球第三大交易所Bybit預計比特幣價格將從當前的調整中反彈。該報告表明，減半導致的供應緊張可能會推動價格創下新高。

Institutional Interest in Bitcoin ETF Continues to Rise

機構對比特幣 ETF 的興趣持續上升

Weekly inflows to spot Bitcoin ETFs have decelerated since March, with last week witnessing net inflows of $199 million into the funds, down from $2.58 billion during the week beginning March 11, according to Dune Analytics data.

根據 Dune Analytics 的數據，自 3 月以來，現貨比特幣 ETF 的每週資金流入有所放緩，上週該基金的淨流入為 1.99 億美元，低於 3 月 11 日開始一周的 25.8 億美元。

Despite this recent dip, spot Bitcoin ETFs have accumulated over 841,000 BTC, worth $52.9 billion, with net inflows exceeding $12.7 billion since their inception, as per Dune Analytics statistics.

根據 Dune Analytics 的統計數據，儘管最近出現下跌，但現貨比特幣 ETF 已累積了超過 841,000 BTC，價值 529 億美元，自成立以來淨流入超過 127 億美元。

Bitcoin Investor Allocation Reaches New Heights

比特幣投資者配置達到新高度

Institutional investors are demonstrating growing interest in Bitcoin, allocating an average of 40% of their total assets to BTC, while retail investors allocate an average of 24%, according to Bybit's asset allocation report from February 24.

根據Bybit 2月24日的資產配置報告，機構投資者對比特幣表現出越來越大的興趣，平均將其總資產的40%配置給BTC，而散戶投資者平均配置了24%。

Bybit highlights the increasing exposure to Bitcoin via ETFs and proxy stocks like MicroStrategy by both crypto-native firms and traditional institutions. The exchange anticipates further institutional adoption in the future.

Bybit 強調了加密貨幣本土公司和傳統機構透過 ETF 和 MicroStrategy 等代理商股票對比特幣的曝險不斷增加。該交易所預計未來將得到進一步的機構採用。

"We believe that not all institutions have been able to gain exposure since the approval of Bitcoin Spot ETFs in January 2024, as their investment mandates restrict them from investing in new products that have been in the market for only a few months," the report notes.

報告指出：「我們認為，自 2024 年 1 月比特幣現貨 ETF 獲得批准以來，並非所有機構都能獲得投資，因為他們的投資授權限制他們投資於市場上僅幾個月的新產品。」筆記。

Halving Expected to Enhance Bitcoin Mining Sustainability

減半有望增強比特幣挖礦的可持續性

In related news, a separate report predicts that the Bitcoin halving will contribute to more sustainable Bitcoin mining practices. By reducing the reward for miners, the halving is expected to incentivize the use of greener energy sources and technological advancements to maintain profitability.

在相關新聞中，另一份報告預測，比特幣減半將有助於更永續的比特幣挖礦實踐。透過減少對礦工的獎勵，減半預計將激勵使用更綠色的能源和技術進步，以保持獲利能力。