比特幣減半引發飆升，以太幣蓄勢待發

在比特幣減半的炒作中，加密貨幣社群成員紛紛做出預測。 Greg Magadini 認為，儘管有減半的說法，以太坊仍有獲得更高回報的潛力，理由是現貨 ETF 批准幾率較低，而且 SEC 的調查抑制了 ETH 情緒。谷歌趨勢數據顯示，比特幣的受歡迎程度最高，搜尋量減半，其中荷蘭的關注度最高。

Bitcoin Halving Sparks Surge in Interest, While Ethereum Emerges as Potential Outperformer

比特幣減半引發人們的興趣激增，而以太坊則成為潛在的跑贏者

Amidst the intense anticipation surrounding the impending Bitcoin (BTC) halving, industry experts and crypto enthusiasts alike are weighing in on its potential ramifications for the market.

在人們對即將到來的比特幣減半的強烈預期中，行業專家和加密貨幣愛好者都在權衡其對市場的潛在影響。

Halving Hype Intensifies

減半炒作加劇

With less than nine days to go until the halving, the crypto community has become abuzz with excitement. MicroStrategy CEO Michael Saylor has been among the most vocal proponents of Bitcoin's bullish prospects, expressing his optimism via social media.

距離減半還有不到九天的時間，加密貨幣社群已經變得興奮不已。 MicroStrategy 執行長 Michael Saylor 一直是比特幣看漲前景最直言不諱的支持者之一，他透過社群媒體表達了他的樂觀態度。

Google Trends data reflects the growing interest, with searches for "Bitcoin halving" reaching peak popularity on Monday. The Netherlands, Switzerland, and Austria have emerged as the countries most engaged with this topic.

谷歌趨勢數據反映了人們日益增長的興趣，「比特幣減半」的搜尋量在周一達到了高峰。荷蘭、瑞士和奧地利已成為最關注此主題的國家。

Ethereum's Potential

以太坊的潛力

Despite Bitcoin's dominance, some experts believe Ethereum (ETH) may offer even greater potential for returns. Greg Magadini, director of derivatives trading at Amberdata, contends that the halving narrative is already factored into short-term Bitcoin options.

儘管比特幣佔據主導地位，但一些專家認為以太坊（ETH）可能會提供更大的回報潛力。 Amberdata 衍生性商品交易總監 Greg Magadini 認為，減半的說法已被納入短期比特幣選擇權。

Magadini's analysis suggests that while Ethereum has underperformed recently, it may be poised for significant growth in the future. He draws comparisons between Bitcoin derivatives and Ethereum, highlighting the higher premiums associated with Bitcoin options.

馬加迪尼的分析表明，雖然以太坊最近表現不佳，但未來可能會顯著成長。他對比特幣衍生性商品和以太坊進行了比較，強調了與比特幣選擇權相關的更高溢價。

According to Magadini, traders are largely convinced of the halving's impact, unlike the potential approval and adoption of an Ethereum ETF. He observes that Bitcoin's open interest rate on CME futures exceeds that of Ethereum, suggesting that the US market has yet to build substantial positions in ETH.

馬加迪尼表示，與以太坊 ETF 的潛在批准和採用不同，交易員在很大程度上相信減半的影響。他觀察到，比特幣在 CME 期貨上的未平倉利率超過了以太坊，這表明美國市場尚未在 ETH 上建立大量頭寸。

Factors Favoring Ethereum

有利於以太坊的因素

Magadini identifies several factors that could drive Ethereum's potential outperformance. These include its decreasing supply, reduced fees following the Dencun upgrade, and the facilitation of real-world assets through Layer 2 and Layer 3 solutions.

馬加迪尼指出了可能推動以太坊潛在優異表現的幾個因素。其中包括供應量的減少、Dencun 升級後費用的降低，以及透過第 2 層和第 3 層解決方案促進現實世界資產的發展。

Other analysts, including those from Glassnode and CoinDesk, concur that the upcoming Bitcoin halving may already be priced into the market. Despite the short-term focus on Bitcoin, Magadini believes that Ethereum offers compelling long-term prospects.

包括 Glassnode 和 CoinDesk 在內的其他分析師一致認為，即將到來的比特幣減半可能已經被市場消化。儘管短期關注比特幣，但馬加迪尼相信以太坊提供了令人信服的長期前景。

Conclusion

結論

As the Bitcoin halving draws near, the crypto community is grappling with a mix of anticipation and uncertainty. While Bitcoin remains the dominant force, experts like Magadini suggest that Ethereum may emerge as a significant outperformer in the coming years.

隨著比特幣減半的臨近，加密社群正在努力應對預期和不確定性。雖然比特幣仍然是主導力量，但馬加迪尼等專家認為，以太坊可能在未來幾年成為表現突出的重要力量。

The interplay between Bitcoin's halving and Ethereum's potential evolution will continue to shape the narrative of the crypto market in the months and years to come.

比特幣減半和以太坊潛在演變之間的相互作用將在未來數月甚至數年繼續塑造加密市場的敘事。