比特幣市場遭受重創：近期價格下跌的原因

比特幣的價值已暴跌 4% 至 66,300 美元，主要是由於聯準會降息計畫的轉變以及 Grayscale 比特幣 ETF 創紀錄的資金外流。儘管下跌幅度仍不確定，但分析師認為潛在支撐位在 65,250 美元至 63,150 美元之間。即將到來的減半事件可能會導致價格進一步波動，專家預計減半後價格可能會飆升。

Bitcoin Market Stumbles: Factors Behind Recent Price Decline

比特幣市場陷入困境：近期價格下跌背後的因素

Bitcoin, the preeminent cryptocurrency in terms of market capitalization, has experienced a notable decline in value, plummeting by over 4% within hours to a low of $66,300. A thorough examination reveals two primary factors contributing to this latest downturn.

就市值而言，比特幣是最出色的加密貨幣，但其價值經歷了顯著下跌，數小時內暴跌超過 4%，跌至 66,300 美元的低點。徹底的檢查揭示了導致最近經濟衰退的兩個主要因素。

Impact of Federal Reserve Policy

聯準會政策的影響

One key factor influencing Bitcoin's price movement is the perceived impact of the Federal Reserve's (Fed) interest rate policy. The Fed periodically adjusts interest rates to align with prevailing economic conditions and manage inflation. When the Fed reduces interest rates, investors are generally more inclined to seek out riskier assets, such as Bitcoin.

影響比特幣價格走勢的關鍵因素之一是聯準會（Fed）利率政策的影響。聯準會定期調整利率，以適應當前的經濟狀況並管理通貨膨脹。當聯準會降息時，投資者通常更傾向於尋找風險較高的資產，例如比特幣。

In late 2022, expectations of a Fed rate cut in 2024 sparked optimism among investors. However, recent "disappointing" inflation data has prompted the Fed to reconsider its plans for an imminent rate reduction. This shift in sentiment has dampened investor enthusiasm, leading to a sell-off of assets like Bitcoin.

2022年底，聯準會2024年降息的預期引發了投資人的樂觀情緒。然而，最近「令人失望」的通膨數據促使聯準會重新考慮其即將降息的計畫。這種情緒的轉變削弱了投資者的熱情，導致比特幣等資產遭到拋售。

Grayscale Outflows Exceed Expectations

灰階流出超預期

Another factor contributing to Bitcoin's sudden decline is the sustained outflow from Grayscale's Bitcoin exchange-traded fund (ETF) product. Yesterday's data showed that the asset management firm experienced redemptions of over $302 million worth of BTC. According to Bloomberg ETF expert James Seyffart, the outflow was considerably higher than anticipated.

導致比特幣突然下跌的另一個因素是灰階的比特幣交易所交易基金（ETF）產品的持續流出。昨天的數據顯示，該資產管理公司贖回了價值超過 3.02 億美元的比特幣。彭博 ETF 專家 James Seyffart 表示，資金流出遠高於預期。

Predicting the Depth of the Downturn

預測經濟衰退的深度

Determining the extent to which Bitcoin's value will decline before a price rebound remains uncertain. However, on-chain analyst Ali Martinez has identified a potential support level for the leading cryptocurrency.

在價格反彈之前確定比特幣價值將下跌的程度仍不確定。然而，鏈上分析師阿里·馬丁內斯（Ali Martinez）已經確定了領先的加密貨幣的潛在支撐位。

With Bitcoin currently trading around $66,000, its next support level is estimated between $65,250 and $63,150. This is based on the fact that 760,000 wallets had accumulated 520,000 BTC at these prices, Martinez explains.

目前比特幣的交易價格約為 66,000 美元，其下一個支撐位估計在 65,250 美元至 63,150 美元之間。馬丁內斯解釋說，這是基於這樣一個事實：760,000 個錢包以這些價格已經積累了 520,000 BTC。

Anticipation of Bitcoin Halving

比特幣減半的預期

The upcoming Bitcoin halving event, which involves a reduction in the block reward miners receive for verifying transactions, could also influence its price trajectory. Experts anticipate a potential price increase in the aftermath of the halving.

即將到來的比特幣減半事件涉及礦工驗證交易獲得的區塊獎勵減少，也可能影響其價格走勢。專家預計減半後價格可能會上漲。

Conclusion

結論

The recent decline in Bitcoin's value can be attributed to a combination of factors, including the perceived impact of the Fed's interest rate policy and the prolonged outflow from Grayscale's Bitcoin ETF product. While the extent of the downturn remains uncertain, on-chain analysts have identified potential support levels, and the upcoming halving event could potentially trigger a price increase post-halving.

最近比特幣價值的下跌可以歸因於多種因素，包括聯準會利率政策的影響以及灰階比特幣 ETF 產品的長期資金外流。儘管經濟低迷的程度仍不確定，但鏈上分析師已經確定了潛在的支撐位，即將到來的減半事件可能會引發減半後的價格上漲。