比特幣的瘋狂之旅：從歷史最高點到市場調整

Why Bitcoin's Price Swings Wildly

為什麼比特幣的價格波動劇烈

Bitcoin's roller-coaster ride over the past week has left the market scratching its head. After reaching an all-time high of $73,750.07 on March 14, 2024, the top cryptocurrency plunged to $61,000 before settling at $64,581, a 12.55% drop from its peak. Despite this volatility, BTC remains up 26% over the past month and a whopping 133% since the start of the year.

過去一周，比特幣的過山車之旅讓市場摸不著頭緒。在 2024 年 3 月 14 日觸及 73,750.07 美元的歷史高點後，這一頂級加密貨幣暴跌至 61,000 美元，最終收於 64,581 美元，較高峰下跌 12.55%。儘管有這種波動，但 BTC 在過去一個月仍上漲了 26%，自年初以來漲幅高達 133%。

Market Performance: Up and Down, but Still Up

市場表現：有起有落，但仍上漲

Today, Bitcoin trades at $64,714.38, within a range of $62,355 to $64,834.24. Trading volume has declined by 11.21%, reaching $36.54 billion, suggesting a lull in buying and selling activity. Traders may be taking a wait-and-see approach, contributing to the reduced volatility.

今天，比特幣交易價格為 64,714.38 美元，波動範圍為 62,355 美元至 64,834.24 美元。交易量下降 11.21%，達到 365.4 億美元，顯示買賣活動陷入停滯。交易員可能會採取觀望態度，從而導致波動性降低。

With a market capitalization of $1.27 trillion and a circulating supply of 19,661,956 BTC, Bitcoin continues to dominate the crypto market, according to CoinMarketCap.

根據 CoinMarketCap 的數據，比特幣的市值為 1.27 兆美元，流通量為 19,661,956 BTC，繼續主導加密貨幣市場。

$3.8 Million by 2030: Cathie Wood's Bold Prediction

到 2030 年，收入將達到 380 萬美元：Cathie Wood 的大膽預測

Ark Invest's Cathie Wood has made waves with her bullish forecast that Bitcoin could hit $3.8 million by 2030. This projection, shared at the Bitcoin Investor Day event in New York, doubles her previous estimate of $1.5 million by 2030.

Ark Invest 的Cathie Wood 樂觀預測比特幣到2030 年將達到380 萬美元，這一預測引起了轟動。這一預測是在紐約比特幣投資者日活動上分享的，這一預測是她之前預測的2030年150 萬美元的兩倍。

Reasons for the Optimism

樂觀的理由

Wood's optimism stems from several factors:

伍德的樂觀情緒源自於以下幾個因素：

• Institutional Investment: Wood believes that if institutional investors allocate just over 5% of their portfolios to Bitcoin, her projection could become a reality. The recent approval of spot Bitcoin ETFs has sparked increased demand and record inflows into US ETFs.
• Bitcoin Halving: The upcoming Bitcoin halving event in April is expected to further drive demand due to a supply shock. Industry experts predict a surge in price, similar to past halving events.

Looking Ahead: Bulls vs. Bears

機構投資：Wood 認為，如果機構投資者將投資組合的 5% 以上分配給比特幣，她的預測可能會成為現實。最近現貨比特幣 ETF 的批准引發了需求增加，美國 ETF 的資金流入創歷史新高。比特幣減半：由於供應衝擊，即將到來的 4 月份比特幣減半事件預計將進一步推動需求。產業專家預測價格將飆升，類似過去的減半事件。展望未來：多頭市場與熊市

Analysts have noted a recent dip in Bitcoin's value below the $70K mark. They suggest that investors monitor the impact of this decline on trading activity in the futures market.

分析師指出，比特幣的價值最近跌破 7 萬美元大關。他們建議投資人關注此次下跌對期貨市場交易活動的影響。

A CryptoQuant chart shows that Bitcoin funding rates, which indicate the aggressiveness of buyers and sellers, have recently declined. While positive funding rates are generally healthy, excessively high values can be concerning. The decrease in funding rates suggests a downturn in the futures market, which could potentially lead to a sustained increase in Bitcoin's price.

CryptoQuant 圖表顯示，顯示買家和賣家積極性的比特幣融資利率最近有所下降。雖然正資金利率通常是健康的，但過高的價值可能令人擔憂。融資利率的下降表明期貨市場低迷，這可能會導致比特幣價格持續上漲。

Bulls or Bears?

牛市還是熊市？

The market remains divided on Bitcoin's future. Bulls point to the strong fundamentals, such as institutional adoption and the upcoming halving event. Bears, on the other hand, argue that the recent volatility and the declining trading volume indicate a possible downturn.

市場對比特幣的未來仍有分歧。看多者指出強勁的基本面，例如機構採用和即將到來的減半事件。另一方面，空頭認為近期的波動和交易量下降表明經濟可能出現低迷。

Only time will tell which side will ultimately prevail. But for now, the Bitcoin market continues to be a rollercoaster ride, with both bulls and bears waiting to see where it will land next.

只有時間才能證明哪一方最終會贏。但就目前而言，比特幣市場仍然像坐過山車一樣，多頭和空頭都在等待它下一步的走勢。