美國政府掃清障礙，拍賣從絲綢之路繳獲的 69,370 枚比特幣，比特幣市場在低迷邊緣搖搖欲墜

分析師警告稱，以當前價格計算，這一龐大庫存價值約為 44 億美元，可能會湧入市場並引發比特幣價值大幅下跌。

The cryptocurrency market could be facing a potential downturn as the US government clears the final legal hurdles to auction off a massive stockpile of bitcoins.

隨著美國政府掃清拍賣大量比特幣庫存的最後法律障礙，加密貨幣市場可能面臨潛在的低迷。

This cryptocurrency, valued at approximately $4.4 billion at current prices, could trigger a significant drop in Bitcoin’s value, analysts warn.

分析師警告稱，這種加密貨幣以當前價格計算價值約 44 億美元，可能會引發比特幣價值大幅下跌。

Bitcoin dropped under $60,000 on Thursday after poor inflation data was released in the U.S. The inflation data has reduced expectations of further rate cuts from the U.S. Federal Reserve.

美國公佈糟糕的通膨數據後，比特幣週四跌破 6 萬美元。

While the Fed surprised markets in September by cutting rates by 50 basis points (larger than the expected 25), recent inflation and employment data have cooled hopes for another big cut in November.

儘管聯準會 9 月降息 50 個基點（高於預期的 25 個基點）令市場感到意外，但近期的通膨和就業數據卻冷卻了 11 月再次大幅降息的希望。

The bitcoins in question were confiscated in 2013 following the FBI’s takedown of Silk Road, a notorious online black market used for the illegal trade of drugs, weapons, and other illicit goods.

2013 年，美國聯邦調查局 (FBI) 搗毀絲綢之路 (Silk Road) 後，這些比特幣被沒收。

Ross Ulbricht, the mastermind behind Silk Road, was subsequently convicted and sentenced to life in prison. The fate of the seized bitcoins, however, remained tied up in legal battles until recently.

絲綢之路的主謀羅斯·烏布利希隨後被定罪並被判處終身監禁。然而，直到最近，被扣押的比特幣的命運仍然與法律鬥爭息息相關。

The Supreme Court’s recent decision not to hear an appeal regarding the ownership of the bitcoins paves the way for the US Marshals Service to proceed with the sale.

最高法院最近決定不審理有關比特幣所有權的上訴，這為美國法警局繼續出售比特幣鋪平了道路。

This comes on the heels of Germany’s recent sale of over $2 billion worth of Bitcoin, raising concerns about the potential impact of such a large influx of cryptocurrency into the market.

在此之前，德國最近出售了價值超過 20 億美元的比特幣，引發了人們對如此大量加密貨幣湧入市場的潛在影響的擔憂。

According to experts, a sudden, large-scale sale could trigger a wave of panic selling, driving Bitcoin’s price down significantly.

專家表示，突然的大規模拋售可能引發一波恐慌性拋售，導致比特幣價格大幅下跌。

“Large-scale bitcoin sales like this often trigger market fluctuations,” said Ryan Lee, chief analyst at Bitget Research.

Bitget Research 首席分析師 Ryan Lee 表示：“像這樣大規模的比特幣銷售往往會引發市場波動。”

The psychological impact on investors, who may anticipate further price drops, could exacerbate the situation, potentially leading to a cascade effect across the broader cryptocurrency market.

對投資者的心理影響可能會加劇這種情況，他們可能會預期價格會進一步下跌，並可能導致整個加密貨幣市場的連鎖效應。

The sale’s impact could extend beyond Bitcoin’s price. Increased volatility could deter institutional investors, who are increasingly drawn to cryptocurrencies but remain wary of their inherent risks.

此次出售的影響可能超出比特幣的價格。波動性的增加可能會阻止機構投資者，他們越來越被加密貨幣所吸引，但仍對其固有風險保持警惕。

A sharp drop in Bitcoin’s value could also negatively impact the burgeoning DeFi (decentralized finance) ecosystem, which relies heavily on Bitcoin as collateral for loans and other financial products.

比特幣價值的大幅下跌也可能對新興的 DeFi（去中心化金融）生態系統產生負面影響，該生態系統嚴重依賴比特幣作為貸款和其他金融產品的抵押品。

While some argue that the market, with its growing institutional presence, may be able to absorb the sale without a major crash, concerns remain about the US government’s approach.

儘管有些人認為，隨著機構影響力的不斷增強，市場可能能夠在不發生重大崩盤的情況下消化此次出售，但對美國政府做法的擔憂仍然存在。

BRN analyst Valentin Fournier points to Germany’s rushed sale, which resulted in below-market prices, as a cautionary tale.

BRN 分析師 Valentin Fournier 指出，德國的倉促銷售導致價格低於市場水平，這是一個警告。

“To avoid a similar outcome, the government could opt to sell gradually or even retain the holdings,” Fournier suggests.

「為了避免類似的結果，政府可以選擇逐步出售甚至保留所持股份，」福尼爾建議。

However, with the US government already transferring large amounts of Bitcoin to various exchanges, a phased approach seems unlikely.

然而，由於美國政府已經將大量比特幣轉移到各個交易所，分階段的方法似乎不太可能。

This has fueled speculation that the sale could be imminent, adding to the prevailing sense of unease within the crypto community.

這引發了人們對出售可能迫在眉睫的猜測，加劇了加密貨幣社群中普遍存在的不安感。

The uncertainty surrounding the timing and method of the sale further contributes to market anxiety. Investors are left to speculate about the government’s intentions, leading to heightened volatility and potentially irrational market behavior.

出售時間和方式的不確定性進一步加劇了市場焦慮。投資者只能猜測政府的意圖，從而導致波動加劇和潛在的非理性市場行為。

While the long-term impact of the sale remains uncertain, the short-term outlook appears bleak. The potential for a significant price drop is real, and investors are bracing for a period of heightened volatility.

儘管出售的長期影響仍不確定，但短期前景似乎黯淡。價格大幅下跌的可能性是真實存在的，投資者正在為一段波動加劇的時期做好準備。

Whether the market can weather this storm and rebound quickly remains to be seen, but the looming sale of the Silk Road bitcoins is undoubtedly a major test for the resilience of the cryptocurrency market.

市場能否渡過這場風暴並迅速反彈還有待觀察，但絲路比特幣即將發售無疑是對加密貨幣市場韌性的重大考驗。