比特币（BTC）价格下跌至$ 77.7K触发矿工，以将硬币卸载到加密交易所

比特币的价格下跌至77.7万美元，导致比特币矿工经历不断升级的财务挑战，这触发了其转移到加密货币交易所的大幅增长。

The Bitcoin price drop to $77.7K has caused Bitcoin miners to experience escalating financial challenges, which has triggered a substantial increase in their transfers to crypto exchanges. The selling intensity of miners is increasing according to on-chain data at CryptoQuant as historical market patterns indicate additional price declines until strong buyer settlements stabilize supply.

比特币的价格下跌至77.7万美元，导致比特币矿工经历了不断升级的财务挑战，这引发了将其转移的大幅提高到加密交易所。矿工的销售强度根据加密量的链链数据的增加，因为历史市场模式表明，直到强大的买方定居点稳定供应，额外的价格下降。

Miners Offloading BTC at Local Bottoms

矿工在本地底部卸载BTC

As Bitcoin fell below $78K, the number of miner transfers to crypto exchanges experienced a substantial increase. The market downturn prompts miners to sell Bitcoin to cover operational expenses, thus causing BTC prices to decrease further. The green bars on CryptoQuant’s chart record significant miner exchange activity during major price drops.

随着比特币低于$ 78K的价格，加密交易所的矿工转移数量大幅增加。市场下滑促使矿工出售比特币以支付运营费用，从而导致BTC价格进一步降低。 CryptoQuant图表上的绿色条记录了主要价格下降期间的重大矿工交换活动。

The past price points where miners sold heavily corresponded to local market bottoms according to the chart data. Prolonged bearish trends develop when miners continue selling their assets because there is insufficient buy-side liquidity.

根据图表数据，矿工出售的过去价格大量与当地市场的底层相对应。当矿工继续出售其资产时，由于买方流动性不足时，较长的看跌趋势会发展出来。

Different factors contribute to why miners are increasing their liquidation practices:

不同的因素导致了矿工为何增加清算实践的原因：

Operational Costs

运营成本

Mining operations need continuous funding to cover both operational expenses and the cost of electricity usage, as well as hardware maintenance services. A drop in Bitcoin prices induces miners to sell additional coins in order to maintain operational readiness.

采矿业务需要持续资金来支付运营费用和用电成本以及硬件维护服务。比特币价格下跌会导致矿工出售其他硬币，以维持运营准备。

Market Liquidity Impact

市场流动性影响

The imbalance between miner sales and buyer purchases causes increased selling pressure that results in lower market prices.

矿工销售与买方购买之间的不平衡导致销售压力增加，从而降低了市场价格。

Potential Market Impact

潜在的市场影响

Market demand’s strength could prevent distribution pressure from permanently affecting Bitcoin prices while possibly resulting in price recovery. BTC price may experience additional declines as miners maintain their current rate of BTC sales.

市场需求的强度可以防止分配压力永久影响比特币价格，同时可能导致价格回收。随着矿工保持当前的BTC销售速度，BTC价格可能会出现额外的下降。

Data from CryptoQuant demonstrates that the price movements in recent times stem from miner activity, thus proving that on-chain metrics represent critical components for market forecasting. The short-term market activity shows signs of volatility since miners might conduct additional testing of support levels before stabilizing their prices.

来自CryptoFant的数据表明，最近的价格变动源于矿工活动，因此证明了链链指标代表了市场预测的关键组成部分。短期市场活动显示出波动性的迹象，因为矿工可能在稳定价格之前对支持水平进行额外的测试。

The market tracks Bitcoin’s transaction logistics alongside exchange supply trends to determine its subsequent price evolution while miners drive the current market value decrease.

该市场跟踪比特币的交易后勤以及交换供应趋势，以确定其随后的价格演变，而矿工推动了当前的市场价值下降。