比特幣算力飆升，預示著減半事件之前的看漲情緒

在減半事件發生之前，比特幣的哈希率增加了 25%，顯示看漲情緒和對比特幣價值超過 10 萬美元的預期。儘管價格小幅下跌至 65,500 美元，但算力的飆升表明人們對比特幣的長期前景和減半前持續增長的潛力充滿信心。

Bitcoin Hashrate Surges Ahead of Halving Event: Bullish or Just Froth?

比特幣算力在減半事件前飆升：看漲還是泡沫？

Wall Street, take note. The Bitcoin hashrate is through the roof, up a whopping 25% in the three months leading up to the halving event. Miners are pouring their hard-earned cash into the network, betting big on Bitcoin breaking through the $100,000 barrier. This surge in hashrate is a clear sign of confidence in Bitcoin's long-term prospects, especially with all the institutional money starting to come in and the market sentiment being so rosy.

華爾街，請注意。比特幣算力飆升，在減半事件前的三個月內飆升了 25%。礦工們將辛苦賺來的現金投入網路中，押注比特幣突破 10 萬美元大關。算力的飆升清楚地表明人們對比特幣的長期前景充滿信心，尤其是在所有機構資金開始湧入且市場情緒如此樂觀的情況下。

Is Bitcoin's Hashrate At All-Time Highs?

比特幣的算力處於歷史高點嗎？

You got it. The Bitcoin hashrate is at an all-time high, signaling a massive leap in the network's security and resilience. This is a crucial metric that measures the power and safety of the network, so it's a big deal.

你說對了。比特幣算力處於歷史最高水平，標誌著網路安全性和彈性的巨大飛躍。這是衡量網路功率和安全性的關鍵指標，因此意義重大。

What's the Story with Bitcoin's Price?

比特幣的價格有什麼故事？

Well, the price is a bit of a mixed bag right now. It's hovering around $65,500 as of March 21, 2024, but it's been pretty stable since the U.S. jobs data came in weaker than expected. The market seems to be taking a breather, but analysts like Michaël van de Poppe think it's just a matter of time before we see a new surge towards those record highs.

嗯，現在的價格有點參差不齊。截至 2024 年 3 月 21 日，該價格徘徊在 65,500 美元左右，但自從美國就業數據弱於預期以來，該價格一直相當穩定。市場似乎正在喘口氣，但邁克爾·範·德·波普（Michaël van de Poppe）等分析師認為，我們看到新一輪飆升至歷史新高只是時間問題。

Is the Market Still Bullish on Bitcoin?

市場仍然看好比特幣嗎？

Absolutely. Despite the price consolidation, the overall market sentiment is still optimistic. Traders are seeing this as a chance to get in on the action before the halving event, which is expected to send prices skyrocketing.

絕對地。儘管價格盤整，整體市場情緒仍然樂觀。交易員認為這是在減半事件之前介入的機會，預計減半事件將導致價格飆升。

Is the Hashrate Surge a Sign of a Sustained Bull Run?

算力飆升是持續多頭市場的跡象嗎？

That's the million-dollar question, isn't it? Analysts like Aksel Kibar think this sideways trading phase is a good thing, allowing more people to get involved before the big breakout. He believes it's a sign of a more sustainable long-term trajectory rather than a parabolic price spike.

這是一個價值百萬美元的問題，不是嗎？ Aksel Kibar 等分析師認為，橫盤交易階段是一件好事，可以讓更多人在大突破之前參與其中。他認為這是一個更可持續的長期軌蹟的標誌，而不是拋物線價格飆升。

But Wait, There's a Twist: Short-Term Selling Pressure

但等等，有個轉折：短期拋售壓力

Here's where it gets interesting. Despite the soaring hashrate, on-chain data from Decentrader is showing some short-term selling pressure. The Spent Output Profit Ratio (SOPR) flipped negative on March 20th, marking only the fifth time this year. This could mean that some investors are cashing out at a loss, maybe driven by some nervousness in the market.

這就是有趣的地方。儘管算力飆升，但 Decentrader 的鏈上數據顯示出一些短期拋售壓力。 3 月 20 日，支出產出利潤率 (SOPR) 出現負值，這是今年第五次。這可能意味著一些投資者可能因市場緊張情緒而虧損套現。

So, What's the Verdict?

那麼，判決是什麼？

It's a tale of two stories. The hashrate is screaming bull market, while the price is taking a breather and on-chain data hints at some selling pressure. The next few weeks leading up to the halving will be crucial in determining Bitcoin's next move.

這是兩個故事的故事。算力正在進入牛市，而價格正在喘息，鏈上數據暗示存在一些拋售壓力。減半前的幾週對於決定比特幣的下一步走勢至關重要。