加密貨幣市場飆升：減半恐慌情緒緩解，比特幣接近 6.7 萬美元

加密貨幣市場週一反彈，比特幣逼近 67,000 美元，大盤錄得正回報。此次反彈是廣泛的，CoinDesk 市場指數中的大多數加密貨幣都在上漲，這可能是由於融資利率降溫以及山寨幣和模因幣可能出現空頭擠壓。

Cryptocurrency Markets Rebound, Bitcoin Nears $67,000 as Halving Fears Subside

隨著減半擔憂消退，加密貨幣市場反彈，比特幣接近 67,000 美元

In a significant market recovery, cryptocurrency prices surged on Monday, with Bitcoin (BTC) leading the charge towards $67,000. The market's optimism overshadowed concerns about a deeper correction, bolstered by the recent halving event that reduced the issuance of new Bitcoin supply.

在市場大幅復甦的情況下，加密貨幣價格週一飆升，比特幣 (BTC) 率先衝向 67,000 美元。市場的樂觀情緒掩蓋了對更深層調整的擔憂，最近的減半事件減少了新比特幣供應的發行。

Bitcoin, which underwent its quadrennial halving over the weekend, saw a 3% increase in the past 24 hours, reaching $66,500. Ethereum (ETH), while lagging behind, also gained 1.5% to hover around $3,200.

比特幣在周末經歷了四年一次的減半，在過去 24 小時內上漲了 3%，達到 66,500 美元。以太幣 (ETH) 雖然落後，但也上漲 1.5%，徘徊在 3,200 美元附近。

The market's positive momentum was not limited to Bitcoin and Ethereum. Across the CoinDesk Market Index (CMI), 163 out of 173 cryptocurrencies recorded gains. The broad-based CoinDesk 20 Index (CDI) jumped over 3%, with the layer-1 blockchain Near Protocol's native token (NEAR) leading the charge with a 15% surge.

市場的積極勢頭不僅限於比特幣和以太坊。在 CoinDesk 市場指數 (CMI) 中，173 種加密貨幣中有 163 種錄得上漲。基礎廣泛的 CoinDesk 20 指數 (CDI) 上漲超過 3%，其中第 1 層區塊鏈 Near Protocol 的原生代幣 (NEAR) 以 15% 的漲幅領跑。

The market rally extended to crypto-focused stocks, with Coinbase (COIN) and MicroStrategy (MSTR) experiencing gains of 7% and 12%, respectively. Publicly listed miners Riot Platforms (RIOT) and Hut 8 (HUT) rallied 15%-20%, while Marathon Digital (MARA) advanced 6%. This surge was attributed to increased transaction fees, a crucial revenue stream for miners, boosting hopes for improved financial performance.

市場反彈延伸至以加密貨幣為主的股票，Coinbase (COIN) 和 MicroStrategy (MSTR) 分別上漲 7% 和 12%。公開上市的礦商 Riot Platforms (RIOT) 和 Hut 8 (HUT) 上漲 15%-20%，而 Marathon Digital (MARA) 上漲 6%。這一激增歸因於交易費用的增加，交易費用是礦商的重要收入來源，增強了改善財務表現的希望。

Despite earlier skepticism surrounding the impact of Bitcoin's halving, analysts at crypto hedge fund QCP Capital have expressed optimism. They note that the past three halving events have been followed by exponential price increases for Bitcoin, typically within 50-100 days.

儘管早些時候人們對比特幣減半的影響持懷疑態度，但加密貨幣對沖基金 QCP Capital 的分析師表示樂觀。他們指出，過去三起減半事件後，比特幣價格呈指數級上漲，通常在 50-100 天內。

"If this pattern is repeated this time, BTC bulls still have a few weeks to build a larger long position," QCP Capital stated.

QCP Capital 表示：“如果這次重複這種模式，BTC 多頭仍有幾週時間建立更大的多頭部位。”

QCP Capital also highlighted the cooling of funding rates, the cost of keeping leveraged derivative positions open. This cooling, coupled with deeply negative funding rates for some altcoins and memecoins, has created ripe conditions for a swift upward move if risk-appetite returns.

QCP Capital 也強調了融資利率的降溫以及維持槓桿衍生性商品部位的成本。這種降溫，加上一些山寨幣和迷因幣的融資利率嚴重為負，為風險偏好回報的快速上漲創造了成熟的條件。

"What we could see in the short-term is a short-squeeze led by altcoins and memecoins which have seen persistent negative funding, with some as deep as -100% [annualized]," QCP Capital said. "Improving speculative sentiment could see short covering and a resumption of leveraged longs."

QCP Capital 表示：“短期內我們可以看到，以山寨幣和 memecoin 為主導的空頭擠壓，這些貨幣的資金持續出現負值，其中一些資金高達 -100%（年化）。” “投機情緒的改善可能會導致空頭回補和槓桿多頭的恢復。”

As the cryptocurrency market continues to defy expectations and rally, investors remain cautiously optimistic, monitoring the market's reaction to the post-halving environment. The resilience of the market, combined with the potential for short-squeeze rallies in smaller cryptocurrencies, suggests that the momentum may continue in the coming weeks.

隨著加密貨幣市場繼續超出預期並反彈，投資者保持謹慎樂觀，關注市場對減半後環境的反應。市場的彈性，加上較小型加密貨幣的空頭擠壓反彈的潛力，表明這種勢頭可能會在未來幾週內持續下去。