比特幣價格今日跌破 6 萬美元，創數週新低

包括獲利回吐和礦工拋售在內的多種因素令數位貨幣承壓。

Bitcoin prices dropped below a key psychological level on Monday as multiple factors, including profit taking and miner selling, weighed on the digital currency.

週一，由於獲利了結和礦工拋售等多種因素打壓了數位貨幣，比特幣價格跌破了關鍵心理水平。

Bitcoin prices fell below the $60,000 level on Monday as several factors, including traders cashing out at a profit and miners selling their cryptocurrency to bolster their bottom line, put pressure on the world’s most valuable cryptocurrency.

週一，比特幣價格跌破 6 萬美元水平，原因包括交易員套現利潤和礦工出售加密貨幣以支撐利潤等多種因素，給全球最有價值的加密貨幣帶來壓力。

Bitcoin dropped to nearly $58,400 around 4:30 p.m. EST, according to Coinbase data provided by TradingView. At this point, the digital asset was trading at its lowest value since early May.

根據 TradingView 提供的 Coinbase 數據，美國東部時間下午 4:30 左右，比特幣跌至近 58,400 美元。此時，該數位資產的交易價格處於 5 月初以來的最低水準。

When asked to explain this latest decline, analysts cited a range of factors, including traders exiting their positions at a profit and miners selling their cryptocurrency to bolster their bottom line. Some also pointed to the recent announcement that closed exchange Mt. Gox will soon start repaying assets that were lost years ago when the marketplace was hacked.

當被要求解釋最近的下跌時，分析師列舉了一系列因素，包括交易員獲利平倉以及礦商出售加密貨幣以提高利潤。一些人還指出，最近宣布關閉的交易所 Mt. Gox 很快就會開始償還多年前市場遭到駭客攻擊時損失的資產。

“It’s likely coming from long-term investors taking some profits and from unprofitable miners post-halving selling their treasury holdings,” Sam Callahan, senior analyst at bitcoin financial services firm Swan Bitcoin, said via email.

比特幣金融服務公司 Swan Bitcoin 的高級分析師 Sam Callahan 透過電子郵件表示：“這可能來自於長期投資者獲利了結，以及來自無利可圖的礦商在減半後出售其庫存資產。”

Mt. Gox Announcement

Mt.Gox 公告

Another variable that market observers mentioned was the recent announcement that closed exchange Mt. Gox will soon start repaying assets that were lost years ago when the marketplace was hacked.

市場觀察家提到的另一個變數是最近宣布關閉的 Mt. Gox 交易所將很快開始償還多年前市場被駭客攻擊時損失的資產。

Many consider this development a headwind for bitcoin prices, according to market participants cited in a CoinDesk article.

CoinDesk 文章中引用的市場參與者表示，許多人認為這項發展對比特幣價格構成阻力。

“The repayments are largely considered to add selling pressure to bitcoin (BTC) markets as early investors will receive assets at a much higher value than their entries before 2013, making them inclined to sell at least a part of holding, traders said,” the article stated.

交易員表示，「償還貸款在很大程度上被認為會增加比特幣（BTC）市場的拋售壓力，因為早期投資者將以遠高於2013 年之前入場價格的價格獲得資產，這使得他們傾向於出售至少部分持有的資產。

While the news that Mt. Gox will start paying back cryptocurrency generated widespread news coverage, analysts polled for this article offered mixed replies regarding its actual impact on bitcoin prices.

雖然 Mt. Gox 將開始償還加密貨幣的消息引起了廣泛的新聞報道，但接受本文調查的分析師對其對比特幣價格的實際影響給出了不同的答案。

Some cited it as a factor driving the cryptocurrency lower. Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, was in this camp.

有些人認為這是導致加密貨幣走低的因素。加密貨幣對沖基金管理公司 BitBull Capital 的執行長 Joe DiPasquale 就屬於這個陣營。

“We do believe the news about Mt. Gox beginning to return BTC to victims is part of the downward pressure on Bitcoin’s price,” he stated through email, adding that “We are also watching sentiment analysis closely, as crypto profit-taking has become a common phenomenon.”

他透過電子郵件表示：「我們確實相信，Mt. Gox 開始向受害者返還BTC 的消息是比特幣價格下行壓力的一部分。」他補充道，「我們也在密切關注情緒分析，因為加密貨幣獲利了結已經成為一個普遍現象。

Tim Enneking, managing partner of Psalion, also weighed in.

Psalion 管理合夥人 Tim Enneking 也發表了看法。

“The Mt. Gox news on top of an already soft market was clearly the cause for today’s drop,” he said via email.

「在市場已經疲軟的情況下，Mt. Gox 的消息顯然是今天股價下跌的原因，」他透過電子郵件表示。

“Once the drop started, profit taking kicked in, long positions were liquidated voluntarily or involuntarily (in the case of leverage) and the losses accelerated,” he stated.

他表示：“一旦價格開始下跌，獲利了結就會開始，多頭頭寸會自願或非自願地（在槓桿情況下）被清算，損失就會加速。”

However, others took a more skeptical stance on the subject.

然而，其他人對這個問題持更加懷疑的態度。

“The impact on Bitcoin’s price from Mt. Gox distributing Bitcoin is likely overblown,” said Callahan.

「Mt. Gox 分發比特幣對比特幣價格的影響可能被誇大了，」卡拉漢說。

Brett Munster, portfolio manager for Blockforce Capital, also voiced his doubts through comments submitted via email.

Blockforce Capital 投資組合經理 Brett Munster 也透過電子郵件提交的評論表達了他的疑慮。

“I think the fears surrounding the Mt Gox announcement are widely overstated,” he stated.

「我認為圍繞 Mt Gox 公告的擔憂被廣泛誇大了，」他說。

“Yes it’s true based on recent reports that Mt Gox will start distributing bitcoin in July,” Munster noted.

「是的，根據最近的報道，Mt Gox 將於 7 月開始分發比特幣，這是真的，」蒙斯特指出。

“The false assumption that many are making is that all those bitcoin are being distributed back to the retail customers that originally bought them. Because the coins are at a higher value, many of those retail investors will sell once they receive their bitcoin (or so the theory goes),” he said.

「許多人做出的錯誤假設是，所有這些比特幣都被分發回最初購買它們的零售客戶。由於比特幣的價值較高，許多散戶投資者一旦收到比特幣就會出售（或理論上是這樣），」他說。

However, “anyone who has followed the Mt. Gox story closely knows this isn’t the case,” stated Munster.

然而，「任何密切關注 Mt. Gox 故事的人都知道事實並非如此，」蒙斯特表示。

“The reality is that there has been a very active secondary market for Mt. Gox claims over the last several years,” he noted, adding that “There are a few big institutional players that have accumulated a significant portion of those claims.”

“現實情況是，在過去幾年中，Mt. Gox 債權的二級市場非常活躍，”他指出，並補充說，“有一些大型機構參與者積累了其中很大一部分債權。”

“Thus, there are far less bitcoin going back to retail investors than most people realize and far more going to sophisticated, long term investors who aren’t likely to just dump the bitcoin when they receive it,” a development that will mute the impact these movements have on the cryptocurrency’s price.

「因此，回到散戶投資者手中的比特幣比大多數人意識到的要少得多，而流向成熟的長期投資者的比特幣要多得多，他們不太可能在收到比特幣時就拋售比特幣，」這項進展將削弱影響這些變動會對加密貨幣的價格產生影響。

Enneking also offered some additional nuance on the subject.

恩內金也就這個主題提出了一些額外的細微差別。

“The interesting thing about the Gox news is that anyone who was desperate to sell their Gox BTC did so long ago – to traders who were willing to play the long game and wait for the Gox rehabilitation trustee (bankruptcy administrator) to actually distribute,” he stated.

「關於 Gox 新聞的有趣之處在於，任何渴望出售 Gox BTC 的人很久以前就這麼做了——賣給那些願意打持久戰並等待 Gox 康復受託人（破產管理人）實際分配的交易者，”他說。

“Those who wanted to sell have, and current holders are almost certainly smart enough – and patient enough – to realize that selling immediately after distribution is the worst thing they could do.”

「那些想要出售的人已經意識到，現在的持有者幾乎肯定足夠聰明，也足夠耐心，意識到在分配後立即出售是他們能做的最糟糕的事情。”

“Wait a couple of months, or a quarter at most, and they will be able to sell with at least a ‘7’ handle, versus today’s ‘5’” handle.

「等待幾個月，或最多一個季度，他們將能夠以至少『7』的手柄出售，而不是今天的『5』」手柄。

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and

披露：我擁有一些比特幣、比特幣現金、萊特幣、以太幣、EOS 和