聯準會利率決定前比特幣暴跌

在聯準會宣布利率的預期下，比特幣暴跌至 57,300 美元左右，創下 2 月以來的最低價，較歷史高點下跌 22%。聯準會維持較高利率的預期決定加劇了投資者的擔憂，導致長期持有者拋售、主要投資者的需求減少以及比特幣礦商的拋售增加。

Bitcoin Tumbles as Investors Brace for Federal Reserve Announcement

投資者等待聯準會聲明，比特幣暴跌

NEW YORK, May 1 (BeInCrypto) - Bitcoin has plummeted to around $57,300, its lowest level since February, as investors anxiously anticipate the Federal Reserve's announcement on interest rates later today. This sharp decline represents an alarming 22% drop from its all-time high of $73,000 reached on March 14.

紐約，5 月 1 日（BeInCrypto）——由於投資者焦急地期待美聯儲今天晚些時候宣布利率，比特幣已暴跌至 57,300 美元左右，為 2 月以來的最低水平。與 3 月 14 日創下的歷史高點 73,000 美元相比，這一急劇下跌意味著驚人的 22% 的跌幅。

The market is on tenterhooks as the Fed prepares to unveil its policy decision at 2 PM ET, providing an update on US interest rate policy. Investors fear that the central bank may maintain higher rates for an extended period, dampening the economic outlook and weighing heavily on riskier assets like Bitcoin. This high-stakes uncertainty is clearly reflected in the recent volatility in Bitcoin's price.

聯準會準備在美國東部時間下午 2 點公佈政策決定，提供美國利率政策的最新情況，市場正處於提心吊膽的狀態。投資人擔心央行可能會在較長時間內維持較高利率，進而抑制經濟前景，並對比特幣等風險較高的資產造成沉重打擊。這種高風險的不確定性清楚地反映在比特幣價格近期的波動中。

Declining Demand from Major Holders

主要持有者的需求下降

According to an exclusive report by CryptoQuant, the Bitcoin downturn is primarily driven by a significant reduction in demand from both permanent holders and large investors, known as "whales." Permanent holders have slashed their monthly growth rate in half, from over 200,000 BTC in late March to just 96,000 BTC. Similarly, whales have dwindled their demand growth rate by 50%, from 12% in March to a mere 6%.

根據 CryptoQuant 的獨家報告，比特幣的低迷主要是由永久持有者和大投資者（即「鯨魚」）的需求大幅減少造成的。永久持有者的月增長率已削減一半，從 3 月底的超過 200,000 BTC 降至僅 96,000 BTC。同樣，鯨魚的需求成長率也下降了 50%，從 3 月的 12% 降至僅 6%。

"When we see an uptick in selling pressure from long-term holders, it typically suggests that a large portion of the market anticipates a broader downturn," noted Matteo Greco, Research Analyst at Fineqia International.

Fineqia International 研究分析師 Matteo Greco 指出：“當我們看到長期持有者拋售壓力上升時，通常表明大部分市場預計會出現更廣泛的低迷。”

Subdued ETF Activity and Increased Miner Sales

ETF 活動低迷，礦商銷售增加

The diminished demand is further evident in the steep decline in Bitcoin purchases from spot exchange-traded funds (ETFs) in the US. After peaking in mid-March with daily purchases exceeding $1 billion, these ETFs are now witnessing a substantial drop in buying activity. BlackRock's iShares Bitcoin Trust (IBIT) even experienced its first day without any inflows since the introduction of Bitcoin ETFs on April 25.

需求的減少進一步體現在美國現貨交易所交易基金（ETF）的比特幣購買量急劇下降。這些 ETF 在 3 月中旬達到日購買量超過 10 億美元的高峰後，現在購買活動大幅下降。自 4 月 25 日推出比特幣 ETF 以來，貝萊德 (BlackRock) 的 iShares 比特幣信託 (IBIT) 甚至經歷了第一天沒有任何資金流入。

Adding fuel to the fire, Bitcoin miners have stepped up their selling activities. Daily sales by miners surged noticeably in April, reaching their highest levels since early January. This heightened selling pressure often signals a need to cover operational costs or realize profits, exacerbating the downward price momentum.

比特幣礦商加大了拋售活動，火上加油。 4 月礦工的日銷售額顯著飆升，達到 1 月初以來的最高水準。這種拋售壓力的加大往往表示需要支付營運成本或實現利潤，從而加劇價格下跌動能。

Halving Impact Overshadowed

減半影響蒙上陰影

Despite the typically bullish impact of the Bitcoin halving in April, which reduces the supply of new coins by half, the price has continued to slide. After the event, Bitcoin's value plunged another 15%, demonstrating the overpowering influence of broader economic factors on the market.

儘管四月份比特幣減半帶來了典型的看漲影響，新幣的供應量減少了一半，但價格仍在繼續下滑。事件發生後，比特幣價格又暴跌15%，顯示出更廣泛的經濟因素對市場的壓倒性影響。

Conclusion

結論

As the Federal Reserve's announcement looms on the horizon, Bitcoin's future trajectory remains uncertain. The market is grappling with a complex web of factors, including shifting investor sentiment, declining demand from key holders, subdued ETF activity, and increased miner selling. Whether Bitcoin will regain its footing or continue its slide depends on the outcome of these dynamics and the broader macroeconomic landscape.

隨著聯準會聲明的臨近，比特幣的未來軌跡仍然不確定。市場正在努力應對一系列複雜的因素，包括投資者情緒的變化、主要持有人的需求下降、ETF 活動低迷以及礦商拋售增加。比特幣是否會重新站穩腳跟或繼續下滑取決於這些動態的結果和更廣泛的宏觀經濟格局。