比特幣減半後交易費用暴跌，但橫盤交易即將到來

比特幣第三次減半後，每筆交易的網路費用飆升至 128 美元，但此後暴跌至 9 至 10 美元。費用激增是由 Meme 幣和 NFT 需求增加推動的，840,000 區塊成為比特幣歷史上最昂貴的區塊。儘管費用高昂，比特幣的價格仍保持穩定，分析師預測未來幾個月將出現橫盤交易，礦商可能會出售價值 50 億美元的比特幣以彌補收入損失。

Bitcoin Network Fees Plummet Post-Halving, But Sideways Trading Looms

比特幣網路費用減半後暴跌，但橫盤交易迫在眉睫

Days after reaching a record daily average of $128 during Bitcoin's fourth halving on April 20, network fees have experienced a significant decline. As of April 22, the average fee for a medium-priority transaction stands between $9 and $10, according to mempool.space.

在 4 月 20 日比特幣第四次減半期間，日均費用達到創紀錄的 128 美元，幾天后，網路費用出現了大幅下降。根據 mempool.space 的數據，截至 4 月 22 日，中等優先交易的平均費用在 9 美元到 10 美元之間。

Fees Soar, Then Subside

費用飆升，然後下降

In the lead-up to the halving, Bitcoin's network fees skyrocketed to over 24 times that of Ethereum. During the halving itself, the network processed approximately $78.3 million in fees, as per data from Crypto Fees.

在減半之前，比特幣的網路費用飆升至以太坊的 24 倍以上。根據 Crypto Fees 的數據，在減半期間，網路處理了約 7,830 萬美元的費用。

Block 840,000 emerged as the most coveted block in Bitcoin's history, with an astonishing 37.7 Bitcoin worth $2.4 million paid to miner ViaBTC. The surge in demand was primarily driven by enthusiasts eager to mint rare satoshis using the Runes protocol, a novel token standard introduced during the halving block.

84 萬區塊成為比特幣史上最令人垂涎​​的區塊，向礦工 ViaBTC 支付了驚人的 37.7 個比特幣，價值 240 萬美元。需求激增主要是由渴望使用符文協議鑄造稀有聰的愛好者推動的，符文協議是減半區塊期間引入的一種新穎的代幣標準。

This block alone accommodated 3,050 transactions, propelling the average network fee to an elevated $800. The above-normal fees persisted until block number 840,200.

光是這個區塊就容納了 3,050 筆交易，將平均網路費用推高至 800 美元。高於正常水準的費用一直持續到區塊號 840,200。

BTC Price Stagnates, Sideways Trading Predicted

BTC價格停滯，預計橫盤交易

Despite the surge in transaction fees, Bitcoin's price has remained relatively flat. In the past 24 hours, BTC has gained over 1% to trade at $66,167.52. This modest increase salvaged its weekly performance from dipping into negative territory.

儘管交易費用激增，但比特幣的價格仍相對穩定。在過去 24 小時內，BTC 上漲超過 1%，交易價格為 66,167.52 美元。這種溫和的成長挽救了其每週業績跌入負值的境地。

Analysts at 10X Research anticipate continued sideways trading for Bitcoin, with the broader market facing a potential "six-month lull." They suggest that Bitcoin miners may liquidate up to $5 billion in Bitcoin in the coming weeks to compensate for lost revenue.

10X Research 的分析師預計比特幣將繼續橫盤交易，大盤可能面臨「六個月的平靜期」。他們表示，比特幣礦商可能在未來幾週內清算高達 50 億美元的比特幣，以彌補收入損失。

The surge in network fees during the halving temporarily mitigated the halving's impact on miners. However, with fees now subsiding, miners may resort to selling their holdings to avoid a sharp decline in their income. Markus Thielen, head of research at 10X Research, highlighted this possibility in an April 13 research note.

減半期間網路費用的飆升暫時減輕了減半對礦工的影響。然而，隨著費用的降低，礦商可能會出售其持有的資產，以避免收入急劇下降。 10X Research 研究主管 Markus Thielen 在 4 月 13 日的研究報告中強調了這種可能性。

Conclusion

結論

Bitcoin's network fees have experienced a dramatic decline post-halving, while the cryptocurrency's price remains relatively stagnant. Analysts predict sideways trading in the near term, citing the potential for miner liquidations and the broader market's risk of a prolonged lull.

比特幣的網路費用在減半後經歷了急劇下降，而加密貨幣的價格仍然相對停滯。分析師預測，短期內交易會橫盤整理，理由是礦商可能面臨清算，且大盤面臨長期低迷的風險。