在 ETF 繁荣和减半危机中，比特币交易所供应量将在九个月内蒸发

在减半后的供应动态中，由于美国 ETF 的需求，比特币交易储备预计将在九个月内耗尽。数据显示，随着资金持续流入，外汇储备每天面临约 7,142 BTC 的流出，可能导致剩余储备耗尽。

Bitcoin Supply on Exchanges to Vanish in Nine Months Amidst ETF Surge and Halving Crunch

由于 ETF 激增和减半紧缩，交易所的比特币供应将在九个月内消失

The impending Bitcoin halving, scheduled for this week, is poised to exacerbate a dwindling supply of the cryptocurrency on centralized exchanges, according to a report by Bybit released on April 15. With the halving reducing new coin issuance by 50%, and assuming continued demand from United States Bitcoin exchange-traded funds (ETFs), the report projects that exchange reserves will be depleted within just nine months.

根据 Bybit 4 月 15 日发布的一份报告，预计本周即将到来的比特币减半将加剧中心化交易所中加密货币供应的减少。随着减半，新币发行量将减少 50%，并且假设需求持续增长美国比特币交易所交易基金（ETF）的报告预计，外汇储备将在短短九个月内耗尽。

"Bitcoin reserves in all centralized exchanges have been depleting faster," the report states. "With only 2 million Bitcoins left, if we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily, suggesting that it will only take nine months to consume all of the remaining reserves."

报告指出：“所有中心化交易所的比特币储备都在加速耗尽。” “比特币只剩下 200 万枚，如果我们假设每天有 5 亿美元流入比特币现货 ETF，那么每天将有大约 7,142 枚比特币从外汇储备中流出，这意味着只需要 9 个月就可以消耗完所有剩余储备。 ”

Data from CryptoQuant confirms this trend, indicating that Bitcoin reserves on centralized exchanges fell to a near three-year low of 1.94 million BTC on April 16.

CryptoQuant 的数据证实了这一趋势，表明中心化交易所的比特币储备在 4 月 16 日跌至近三年低点 194 万比特币。

Wider Market Slump Amidst Anticipated Post-Halving Price Surge

预期减半后价格飙升，市场更广泛低迷

The report comes amidst a broader market downturn, with Bitcoin experiencing a price drop of over 10% during the past week, reaching $62,924 at 1:36 pm UTC, as per CoinMarketCap data.

该报告是在更广泛的市场低迷时期发布的，根据 CoinMarketCap 的数据，比特币的价格在过去一周下跌了 10% 以上，在世界标准时间下午 1:36 达到 62,924 美元。

Despite this temporary setback, Bybit, the world's third-largest exchange, anticipates that Bitcoin prices will rebound from the current correction. The report suggests that the supply squeeze resulting from the halving could propel the price to新たな new record highs.

尽管出现暂时的挫折，全球第三大交易所Bybit预计比特币价格将从当前的调整中反弹。该报告表明，减半导致的供应紧张可能会推动价格创下新高。

Institutional Interest in Bitcoin ETF Continues to Rise

机构对比特币 ETF 的兴趣持续上升

Weekly inflows to spot Bitcoin ETFs have decelerated since March, with last week witnessing net inflows of $199 million into the funds, down from $2.58 billion during the week beginning March 11, according to Dune Analytics data.

根据 Dune Analytics 的数据，自 3 月份以来，现货比特币 ETF 的每周资金流入有所放缓，上周该基金的净流入为 1.99 亿美元，低于 3 月 11 日开始一周的 25.8 亿美元。

Despite this recent dip, spot Bitcoin ETFs have accumulated over 841,000 BTC, worth $52.9 billion, with net inflows exceeding $12.7 billion since their inception, as per Dune Analytics statistics.

根据 Dune Analytics 的统计数据，尽管最近出现下跌，现货比特币 ETF 已积累了超过 841,000 BTC，价值 529 亿美元，自成立以来净流入超过 127 亿美元。

Bitcoin Investor Allocation Reaches New Heights

比特币投资者配置达到新高度

Institutional investors are demonstrating growing interest in Bitcoin, allocating an average of 40% of their total assets to BTC, while retail investors allocate an average of 24%, according to Bybit's asset allocation report from February 24.

根据Bybit 2月24日的资产配置报告，机构投资者对比特币表现出越来越大的兴趣，平均将其总资产的40%配置给BTC，而散户投资者平均配置了24%。

Bybit highlights the increasing exposure to Bitcoin via ETFs and proxy stocks like MicroStrategy by both crypto-native firms and traditional institutions. The exchange anticipates further institutional adoption in the future.

Bybit 强调了加密货币本土公司和传统机构通过 ETF 和 MicroStrategy 等代理股票对比特币的敞口不断增加。该交易所预计未来将得到进一步的机构采用。

"We believe that not all institutions have been able to gain exposure since the approval of Bitcoin Spot ETFs in January 2024, as their investment mandates restrict them from investing in new products that have been in the market for only a few months," the report notes.

报告称：“我们认为，自 2024 年 1 月比特币现货 ETF 获得批准以来，并非所有机构都能获得投资，因为他们的投资授权限制他们投资于市场上仅几个月的新产品。”笔记。

Halving Expected to Enhance Bitcoin Mining Sustainability

减半有望增强比特币挖矿的可持续性

In related news, a separate report predicts that the Bitcoin halving will contribute to more sustainable Bitcoin mining practices. By reducing the reward for miners, the halving is expected to incentivize the use of greener energy sources and technological advancements to maintain profitability.

在相关新闻中，另一份报告预测，比特币减半将有助于更可持续的比特币挖矿实践。通过减少对矿工的奖励，减半预计将激励使用更绿色的能源和技术进步，以保持盈利能力。