比特幣-以太幣比率顯示加密貨幣市場情緒可能發生轉變

比特幣與以太幣的比率是加密貨幣市場風險偏好的指標，最近已達到2021 年4 月以來的最高水平。這表明對以太幣和較小代幣的需求可能會減弱，也可能表明投資者轉向更謹慎的立場由於人們對加密貨幣市場上升軌跡的可持續性感到擔憂。

Bitcoin-Ether Ratio Signals Shift in Crypto Market Sentiment

比特幣-以太幣比率標誌著加密貨幣市場情緒的轉變

Amidst the recent market turbulence, the cryptocurrency community has turned its attention to a key metric that may foreshadow a potential shift in investor sentiment: the Bitcoin-Ether ratio. This ratio compares the price of Bitcoin, the market leader, to that of its second-largest rival, Ether.

在最近的市場動盪中，加密貨幣社群將注意力轉向了一個可能預示投資者情緒潛在轉變的關鍵指標：比特幣與以太幣的比率。該比率將市場領導者比特幣的價格與其第二大競爭對手以太幣的價格進行了比較。

According to a recent analysis by Bloomberg, the Bitcoin-Ether ratio has reached a significant milestone, hitting the 20-mark for the first time since April 2021. This indicates that demand for Bitcoin is growing, but not at the same pace as Ether.

根據彭博社最近的分析，比特幣與以太坊的比率已達到一個重要的里程碑，自 2021 年 4 月以來首次觸及 20 大關。這表明對比特幣的需求正在增長，但與以太坊的速度不同。

QCP Capital, a crypto asset trading company, interprets this divergence as an early signal of fear of missing out (FOMO) transforming into fear. The company suggests that Ether, often seen as a proxy for sentiment towards smaller tokens, could be waning.

加密資產交易公司 QCP Capital 將這種差異解讀為害怕錯過（FOMO）轉變為恐懼的早期訊號。該公司表示，通常被視為小型代幣人氣代表的以太幣可能正在減弱。

This observation is supported by the recent performance of smaller digital assets, which have dropped approximately 20% since the peak of Bitcoin's surge in mid-March. Meanwhile, Bitcoin has only shed around 9%.

這項觀察結果得到了小型數位資產近期表現的支持，自 3 月中旬比特幣飆升的高峰以來，這些資產已下跌約 20%。與此同時，比特幣僅下跌了 9% 左右。

Experts speculate that the Bitcoin halving, a quadrennial event that reduces the issuance of new tokens, could provide further insight into the future of the crypto market. However, even this highly anticipated event is being met with skepticism, with some analysts questioning whether it will live up to its reputation as a bullish catalyst.

專家推測，比特幣減半是四年一次的事件，減少了新代幣的發行量，可以為加密貨幣市場的未來提供進一步的洞察。然而，即使是這一備受期待的事件也遭到了懷疑，一些分析師質疑它是否會辜負其作為看漲催化劑的聲譽。

On Friday, both Bitcoin and Ether experienced modest declines. Bitcoin dropped 1.5% to $66,940 in London, while Ether fell by a similar amount to $3,278. Other major cryptocurrencies also faced pullbacks.

週五，比特幣和以太幣均出現小幅下跌。比特幣在倫敦下跌 1.5% 至 66,940 美元，以太坊跌幅類似，至 3,278 美元。其他主要加密貨幣也面臨回調。

The Bitcoin-Ether ratio remains a closely watched indicator in the crypto world. While it is too early to make definitive predictions, the current trend may suggest a shift in investor sentiment and a potential correction in the broader crypto market. As the halving approaches, traders will be paying close attention to how Bitcoin and Ether perform to gauge the direction of the market in the coming months.

比特幣與以太幣的比率仍然是加密世界中備受關注的指標。雖然做出明確的預測還為時過早，但當前的趨勢可能表明投資者情緒轉變，並且更廣泛的加密市場可能會出現調整。隨著減半的臨近，交易者將密切關注比特幣和以太幣的表現，以判斷未來幾個月市場的走向。