比特幣減半的市場影響預測將在 60 天內顯現

4 月 19 日的比特幣減半事件可能不會立即對市場產生影響，分析師預計延遲兩個月才會產生重大影響。儘管最初價格飆升 8%，但預計供需調整需要時間，這表明存在建立多頭部位的潛在窗口。專家表示，歷史規律表明，供應限制會延遲兩到三個月才會導致價格顯著波動。

Bitcoin's Halving: Market Impact Anticipated to Manifest in Two Months

比特幣減半：市場影響預計將在兩個月內顯現

New York, April 21, 2023 - The recent halving of Bitcoin's block reward, finalized on April 19, is expected to have a delayed impact on market dynamics, with analysts predicting a potential two-month window for significant effects to emerge.

紐約，2023 年 4 月 21 日 - 最近於 4 月 19 日敲定的比特幣區塊獎勵減半預計將對市場動態產生延遲影響，分析師預測可能需要兩個月的時間才會出現重大影響。

Despite an initial 8% surge in Bitcoin's spot price since the halving, experts anticipate a lag in the adjustment of supply and demand. Historical patterns, according to QCP Capital analysts, suggest a time lag of approximately two to three months before the halving's supply constraints translate into noticeable price movements. This delay potentially provides Bitcoin bulls an extended window to establish stronger long positions.

儘管自減半以來比特幣現貨價格最初飆升了 8%，但專家預計供需調整將存在滯後。 QCP Capital 分析師表示，歷史模式表明，減半的供應限制轉化為明顯的價格波動之前，需要大約兩到三個月的時間延遲。這種延遲可能為比特幣多頭提供了一個更長的窗口來建立更強大的多頭部位。

Bitfinex analysts emphasize the post-halving reduction in Bitcoin supply, a factor that could contribute to price stability and potentially drive further appreciation. However, they caution that geopolitical unrest, particularly in the Middle East, may influence Bitcoin's long-term valuation.

Bitfinex 分析師強調比特幣供應減半後的減少，這一因素可能有助於價格穩定並可能推動進一步升值。然而，他們警告說，地緣政治動盪，特別是中東地區的動盪，可能會影響比特幣的長期估值。

The Bitfinex Alpha report additionally identifies potential stabilization in demand from spot Bitcoin exchange-traded funds (ETFs), which have played a significant role in market activity. However, recent outflows from these ETFs indicate a possible moderation in demand.

Bitfinex Alpha 報告還指出了現貨比特幣交易所交易基金 (ETF) 需求的潛在穩定，這些基金在市場活動中發揮了重要作用。然而，最近這些 ETF 的資金流出表明需求可能會放緩。

Meanwhile, QCP Capital analysts anticipate a short-term squeeze in the altcoin and memecoin markets. Persistent negative funding rates in these markets, coupled with potential demand fluctuations, could result in increased volatility.

同時，QCP Capital 分析師預計山寨幣和 memecoin 市場將出現短期擠壓。這些市場持續的負資金利率，加上潛在的需求波動，可能會導致波動性加劇。

While the overall memecoin market has experienced a marginal uptick in market capitalization, top memecoins such as Dogecoin, Shiba Inu, and Dogwifhat have exhibited minor declines over the past 24 hours, reflecting ongoing market fluctuations.

雖然整個迷因幣市場的市值略有上升，但狗狗幣、柴犬和 Dogwifhat 等頂級迷因幣在過去 24 小時內出現小幅下跌，反映出市場持續波動。

Analysts stress the need to monitor market developments closely in the coming weeks and months as the effects of the Bitcoin halving gradually unfold. The combination of supply constraints and demand dynamics will ultimately shape Bitcoin's price trajectory and the broader cryptocurrency landscape.

分析師強調，隨著比特幣減半的影響逐漸顯現，有必要在未來幾週和幾個月內密切關注市場發展。供應限制和需求動態的結合最終將塑造比特幣的價格軌跡和更廣泛的加密貨幣格局。