比特幣減半令市場承壓，促使策略性交易

儘管人們對比特幣最近的減半持謹慎樂觀態度，但分析師仍保持看漲前景，強調了比特幣和替代加密貨幣（山寨幣）的潛在機會。雖然比特幣價格在減半後保持相對穩定，但專家表示，涉及 Memecoins 和 Altcoins 的空頭擠壓可能即將到來。以太坊風險逆轉的正常化顯示投機情緒的積極轉變，可能引發空頭回補和槓桿多頭部位的復甦。

Bitcoin Halving Lingers, Sparks Market Conjecture and Strategic Positioning

比特幣減半懸而未決，引發市場猜想與策略定位

In the wake of Bitcoin's fourth halving on April 19th, the cryptocurrency ecosystem remains cautiously optimistic, with market participants weighing potential opportunities for both Bitcoin (BTC) and alternative cryptocurrencies (altcoins). As outlined in a recent report by QCP Capital, the market's muted response to this halving has prompted speculation about near-term prospects.

4 月 19 日比特幣第四次減半後，加密貨幣生態系統仍保持謹慎樂觀，市場參與者正在權衡比特幣 (BTC) 和替代加密貨幣 (山寨幣) 的潛在機會。正如 QCP Capital 最近的一份報告所述，市場對減半的反應冷淡，引發了對近期前景的猜測。

Historically, each halving event has catalyzed significant surges in BTC's spot price. However, the comparatively subdued price action following this halving has raised questions about the market's trajectory. Analysts posit that a short squeeze may be imminent, buoyed by memecoins and altcoins characterized by persistent negative funding rates, some of which have plummeted to -100%.

從歷史上看，每次減半事件都會促使比特幣現貨價格大幅上漲。然而，減半後相對疲軟的價格走勢引發了人們對市場軌蹟的質疑。分析師認為，在 memecoin 和山寨幣的推動下，空頭擠壓可能即將到來，這些幣的特點是資金利率持續為負，其中一些幣已暴跌至 -100%。

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is also experiencing a normalization of risk reversals, signaling an improvement in speculative sentiment. This development could potentially ignite short covering and a resurgence of leveraged long positions in the market.

以市值計算的第二大加密貨幣以太坊（ETH）也正在經歷風險逆轉的正常化，這表明投機情緒有所改善。這一事態發展可能會引發空頭回補和市場上槓桿多頭頭寸的復甦。

Against this backdrop, traders are exploring diverse trading strategies to capitalize on potential market movements. QCP Capital proposes a strategy centered on maintaining a structurally bullish outlook on BTC through the acquisition of long-dated call options. Options such as ERKO December 27th, 2024, and ERKO March 28th, 2025, present compelling risk-reward profiles for those anticipating a protracted bullish trajectory for BTC's price trajectory.

在此背景下，交易者正在探索多樣化的交易策略，以利用潛在的市場趨勢。 QCP Capital 提出了一項策略，其核心是透過收購長期看漲期權來維持對 BTC 的結構性看漲前景。 2024 年 12 月 27 日的 ERKO 和 2025 年 3 月 28 日的 ERKO 等選擇權為那些預計 BTC 價格軌跡將長期看漲的人提供了令人信服的風險回報。

Experts advocate a methodical approach to accumulating Bitcoin positions over the coming weeks, specifically targeting price points around $55,000 in anticipation of a post-halving exponential price surge. Financial instruments like the BTC Accumulator, expiring in September 2024, offer an opportunity to establish long positions at discounted rates while incorporating a predetermined upper limit for potential profit realization.

專家主張在未來幾週內採取有條不紊的方法來累積比特幣頭寸，特別是瞄準 55,000 美元左右的價格點，以應對減半後價格指數級飆升。 BTC Accumulator 等金融工具將於 2024 年 9 月到期，提供了以折扣價建立多頭部位的機會，同時納入了潛在利潤實現的預定上限。

Altcoin Markets Surge Amid Bitcoin's Rebound

比特幣反彈，山寨幣市場飆升

Concurrent with Bitcoin's rally beyond the $67,000 threshold, altcoin markets have witnessed a resurgence of interest. Sentiment analysis by Santiment underscores substantial discussions revolving around specific tokens, notably POPCAT and AMP. POPCAT, a memecoin, has experienced a remarkable 41% surge in market capitalization within 24 hours, drawing parallels to established coins like WIF and DOGE.

在比特幣漲至 67,000 美元大關的同時，對山寨幣市場的興趣又重新抬頭。 Santiment 的情緒分析強調了圍繞特定代幣（尤其是 POPCAT 和 AMP）的實質討論。 POPCAT 是一種 memecoin，其市值在 24 小時內飆升了 41%，與 WIF 和 DOGE 等成熟貨幣相當。

However, caution prevails due to the potential for correction risks amidst heightened fear of missing out (FOMO). Conversely, there has been a surge in the trading volume of AMP. However, its scalability and impact on the financial market remain under discussion. Despite sentiment being neutral, AMP may be considered a potential investment based on its market cap, contingent upon Bitcoin's continued upward trend.

然而，由於人們對錯過機會（FOMO）的恐懼加劇，因此可能存在修正風險，因此人們普遍保持謹慎態度。相反，AMP的交易量卻出現了激增。然而，其可擴展性和對金融市場的影響仍在討論中。儘管市場情緒呈中性，但根據其市值，AMP 可能被視為潛在投資，具體取決於比特幣的持續上漲趨勢。

Conclusion

結論

The crypto space continues to navigate the post-halving landscape, with mixed signals shaping market dynamics. While Bitcoin's muted response to the halving has dampened some expectations, altcoins have experienced a resurgence of interest. As the market evolves, traders and investors alike will scrutinize emerging patterns and developments, seeking to discern opportunities and manage risks in this volatile and dynamic ecosystem.

加密貨幣領域繼續在減半後的格局中前行，混合訊號塑造市場動態。儘管比特幣對減半的反應冷淡，削弱了一些預期，但山寨幣的興趣卻重新抬頭。隨著市場的發展，交易者和投資者都將密切關注新興模式和發展，尋求在這個不穩定且動態的生態系統中識別機會並管理風險。