比特幣市場在重大事件中波動：交易所餘額下降，減半迫在眉睫

過去24小時內，比特幣市場大幅波動，價格在70,627.96美元至69,076.65美元之間波動。同時，比特幣市值上漲0.50%，而24小時交易量下降25%。值得注意的趨勢包括比特幣交易餘額減少，自 2018 年以來首次跌至 180 萬比特幣以下，以及迄今為止最大的美元代幣 (USDC) 向 Coinbase 的轉移。專家預測，即將到來的比特幣減半事件，加上外匯餘額減少，可能會導致供應緊張和價格上漲。

Bitcoin Market Fluctuates Amidst Key Developments: Exchange Balances Plummet, Halving Event Anticipated

比特幣市場在關鍵發展中波動：交易所餘額暴跌，減半事件預期

In the realm of digital finance, the Bitcoin market has emerged as a focal point of intrigue and speculation, as the leading cryptocurrency navigates a dynamic landscape shaped by crucial developments. Within the past 24 hours, Bitcoin (BTC) has exhibited erratic price movements, oscillating between an intraday high of $70,627.96 and a low of $69,076.65. This volatility unfolds amidst a backdrop of significant events shaping the cryptocurrency market, particularly for Bitcoin.

在數位金融領域，比特幣市場已成為陰謀和投機的焦點，因為領先的加密貨幣在關鍵發展所塑造的動態格局中航行。在過去 24 小時內，比特幣 (BTC) 的價格走勢不穩定，在盤中高點 70,627.96 美元和低點 69,076.65 美元之間波動。這種波動是在影響加密貨幣市場（尤其是比特幣）的重大事件的背景下發生的。

Declining Exchange Balances: A Prelude to Supply Crunch

外匯餘額下降：供應緊縮的前奏

A pivotal trend influencing the Bitcoin market is the remarkable reduction in BTC balances on cryptocurrency exchanges. According to data, the amount of Bitcoin held on exchanges has plummeted to its lowest level since April 2018, falling below 1.8 million BTC. This notable decline raises concerns about a potential supply crunch, especially as the Bitcoin community eagerly anticipates the forthcoming halving event.

影響比特幣市場的關鍵趨勢是加密貨幣交易所的比特幣餘額顯著減少。數據顯示，交易所持有的比特幣數量已暴跌至2018年4月以來的最低水平，跌破180萬比特幣。這種顯著的下降引發了人們對潛在供應緊縮的擔憂，特別是在比特幣社群熱切期待即將到來的減半事件的情況下。

Scheduled to occur in mid-April, the halving event will effectively reduce the reward for mining new blocks, consequently slowing down the rate at which new BTC enters circulation. This event, coupled with the dwindling exchange balances, suggests a tightening supply that could exert significant influence on Bitcoin's availability and pricing in the market.

計劃於 4 月中旬發生的減半事件將有效減少開採新區塊的獎勵，從而減緩新 BTC 進入流通的速度。這一事件，加上外匯餘額的減少，表明供應緊縮，可能會對比特幣的可用性和市場定價產生重大影響。

The reduction in exchange balances is partly attributable to the withdrawal of over 136,000 BTC following the launch of spot Bitcoin ETFs in the United States. This surge in withdrawals signifies heightened confidence among holders and robust institutional interest in Bitcoin. This shift represents a substantial portion of Bitcoin's market cap being moved off exchanges, potentially limiting supply and contributing to upward price pressure. Moreover, the introduction of such financial products underscores the growing institutional acceptance of Bitcoin and could pave the way for broader mainstream adoption.

外匯餘額減少的部分原因是在美國推出現貨比特幣 ETF 後，超過 136,000 BTC 被撤回。提款量的激增意味著比特幣持有者的信心增強以及機構對比特幣的濃厚興趣。這種轉變意味著比特幣市值的很大一部分被轉移出交易所，可能會限制供應並加劇價格上漲壓力。此外，此類金融產品的推出凸顯了比特幣的機構接受度不斷提高，並可能為更廣泛的主流採用鋪平道路。

Market Reactions and Price Predictions

市場反應與價格預測

The current market dynamics, characterized by substantial withdrawals from exchanges and anticipation of the halving event, have sparked fervent discussions about the future price trajectory of Bitcoin. Seasoned industry experts forecast a supply squeeze that could lead to increased prices, given the historical impact of previous halving events on Bitcoin's value.

當前的市場動態，以交易所的大量撤資和對減半事件的預期為特徵，引發了人們對比特幣未來價格軌蹟的熱烈討論。考慮到先前減半事件對比特幣價值的歷史影響，經驗豐富的行業專家預測，供應緊張可能會導致價格上漲。

Additionally, the largest transfer of USD Coin (USDC) to Coinbase to date has been observed, suggesting the potential for robust buying pressure building in the market.

此外，迄今為止，美元硬幣（USDC）向 Coinbase 的最大轉移已被觀察到，這表明市場上可能會形成強勁的購買壓力。

Recent activities within the Bitcoin network have also garnered attention from the crypto community. Notably, a Bitcoin wallet that had remained dormant for nearly 12 years transferred 500 BTC, highlighting the unpredictable nature of Bitcoin holdings and their potential impact on market liquidity. Furthermore, the consolidation of 2,000 BTC from mining rewards dating back to 2010 into a single wallet has fueled speculation about potential market movements and the intentions of long-term holders.

比特幣網路內最近的活動也引起了加密社群的關注。值得注意的是，一個休眠了近12年的比特幣錢包轉移了500個比特幣，凸顯了比特幣持有量的不可預測性及其對市場流動性的潛在影響。此外，將 2010 年採礦獎勵中的 2,000 BTC 整合到一個錢包中，引發了對潛在市場走勢和長期持有者意圖的猜測。

Bitwise CEO Forecasts Impact of Bitcoin Halving

Bitwise執行長預測比特幣減半的影響

Bitwise CEO Hunter Horsley has emphasized the profound impact of the upcoming Bitcoin halving event on the cryptocurrency market. By comparing it to the previous halving in 2020, Horsley highlights the expected reduction in the supply of new bitcoins, particularly considering Bitcoin's current price level.

Bitwise執行長Hunter Horsley強調了即將到來的比特幣減半事件對加密貨幣市場的深遠影響。透過與 2020 年之前的減半進行比較，霍斯利強調了新比特幣供應量的預期減少，特別是考慮到比特幣當前的價格水平。

The April 2024 Bitcoin halving may be the most impactful we've seen. Why? The last Bitcoin halving, 2020, Bitcoin was at ~$9,000. So the supply reduction in $ terms was ~$9M a day, and ~$3B a year. This halving with Bitcoin ~$70,000, it will be >3x greater in $ terms: ~$32M a…

2024 年 4 月的比特幣減半可能是我們所見過的影響最大的一次。為什麼？上一次比特幣減半發生在 2020 年，比特幣價格約為 9,000 美元。因此，以美元計算，供應減少量為每天約 900 萬美元，每年約 30 億美元。比特幣減半約 7 萬美元，以美元計算將增加 3 倍以上：約 3,200 萬美元…

The anticipation surrounding the halving event is fueling optimism among investors, with anticipations of substantial price gains for Bitcoin. The reduction in the rate of new supply, coupled with increasing institutional interest and demand, could propel Bitcoin's price to unprecedented heights in the coming months.

圍繞減半事件的預期正在激發投資者的樂觀情緒，預計比特幣價格將大幅上漲。新供應率的下降，加上機構興趣和需求的增加，可能會在未來幾個月將比特幣的價格推向前所未有的高度。