比特幣減半：隨著競爭加劇，礦商增加銷售

第四次比特幣減半事件預計將在接下來的兩週內發生，這將在比特幣生態系統中引發重大活動。礦商正在出售大量持有的加密貨幣，以利用減半前價格上漲的機會。競爭加劇和交易費用降低也促使礦工清算持有的比特幣，導致場外交易激增。減半會減少礦工的區塊獎勵，預計將進一步加劇這些趨勢。

Bitcoin Halving: Miners Ramp Up Sales, Competition Intensifies

比特幣減半：礦工增加銷售，競爭加劇

The much-anticipated fourth Bitcoin halving event, scheduled to occur within the next fortnight, has sent shockwaves through the Bitcoin ecosystem. As this momentous change looms large, bitcoin miners have embarked on a significant sell-off of their cryptocurrency holdings.

備受期待的第四次比特幣減半事件預計將在未來兩週內發生，這給比特幣生態系統帶來了衝擊。隨著這一重大變化的顯現，比特幣礦商已開始大幅拋售其持有的加密貨幣。

This surge in selling activity stems from a confluence of factors. Firstly, miners are eager to capitalize on the rising BTC prices that have accompanied the impending halving. Data from on-chain analytics firm CryptoQuant reveals that miners are offloading over 160,000 BTC daily over-the-counter, a volume not seen since August 2023.

銷售活動的激增源自於多種因素的綜合作用。首先，礦商渴望利用即將到來的減半帶來的比特幣價格上漲。鏈上分析公司 CryptoQuant 的數據顯示，礦工每天在場外拋售超過 16 萬枚 BTC，數量是 2023 年 8 月以來的最高水準。

Moreover, competition within the network has heated up as evidenced by the surge in #Bitcoin network's hashrate – a measure of the computational power dedicated to mining. This increase in hashrate indicates a heightened number of miners competing for the same rewards.

此外，網路內部的競爭已經加劇，#Bitcoin 網路哈希率（衡量專用於挖礦的運算能力的指標）的激增證明了這一點。算力的增加表明爭奪相同獎勵的礦工數量增加。

In an attempt to entice miners amidst declining transaction fees, the Bitcoin network will soon witness a substantial decrease in transaction fees. This move is designed to encourage miners to continue profiting from the ongoing BTC price surge. As of April 8, users pay miners an average of $2.864 (approximately Rs. 240) to have their transactions validated on the blockchain.

為了在交易費用下降的情況下吸引礦工，比特幣網路很快就會見證交易費用的大幅下降。此舉旨在鼓勵礦工繼續從比特幣價格持續上漲中獲利。截至 4 月 8 日，用戶平均向礦工支付 2.864 美元（約 240 盧比），以便在區塊鏈上驗證其交易。

The Bitcoin halving is a pre-programmed event that automatically takes place every time 210,000 blocks are mined on the Bitcoin blockchain. This event reduces the block reward earned by miners by half, thereby decreasing their incentive to mine Bitcoin blocks and slowing the issuance of new tokens.

比特幣減半是一個預先編程的事件，每當比特幣區塊鏈上開採出 210,000 個區塊時，就會自動發生。這一事件使礦工獲得的區塊獎勵減少了一半，從而降低了他們開採比特幣區塊的積極性，並減緩了新代幣的發行。

Following the upcoming halving, miners will be rewarded with 3.125 BTC for each block mined instead of the current 6.25 BTC. CryptoQuant's data suggests that the combination of reduced transaction fees and increased competition is prompting miners to liquidate significant portions of their BTC holdings to capture profits.

在即將到來的減半之後，礦工每開採一個區塊將獲得 3.125 BTC 的獎勵，而不是目前的 6.25 BTC。 CryptoQuant 的數據表明，交易費用的降低和競爭的加劇正在促使礦商清算其持有的大部分 BTC 以獲取利潤。

This sell-off comes at a time when Bitcoin is trading near its all-time high (ATH) of $72,569, reached in March. As of this Monday, March 8, the Bitcoin price range fluctuates between $66,570 and $72,000.

這次拋售發生之際，比特幣交易價格接近 3 月創下的歷史高點 (ATH) 72,569 美元。截至 3 月 8 日星期一，比特幣價格區間在 66,570 美元至 72,000 美元之間波動。

The approaching Bitcoin halving has also fueled optimism for Microstrategy's stock (MSTR), which is expected to benefit from the perceived scarcity of Bitcoin.

即將到來的比特幣減半也激發了人們對 Microstrategy 股票（MSTR）的樂觀情緒，預計該股將從比特幣的稀缺性中受益。

As the countdown to the fourth halving continues, it remains to be seen how the Bitcoin ecosystem will respond to this significant event. The increased competition, declining transaction fees, and widespread miner selling are all factors that will undoubtedly shape the post-halving landscape.

隨著第四次減半倒數計時的持續，比特幣生態系統將如何應對這一重大事件還有待觀察。競爭的加劇、交易費用的下降以及礦工的普遍拋售都是無疑將塑造減半後格局的因素。