比特币减半引发飙升，以太坊蓄势待发

在比特币减半的炒作中，加密货币社区成员纷纷做出预测。 Greg Magadini 认为，尽管有减半的说法，以太坊仍有获得更高回报的潜力，理由是现货 ETF 批准几率较低，而且 SEC 的调查抑制了 ETH 情绪。谷歌趋势数据显示，比特币的受欢迎程度最高，搜索量减半，其中荷兰的关注度最高。

Bitcoin Halving Sparks Surge in Interest, While Ethereum Emerges as Potential Outperformer

比特币减半引发人们的兴趣激增，而以太坊则成为潜在的跑赢者

Amidst the intense anticipation surrounding the impending Bitcoin (BTC) halving, industry experts and crypto enthusiasts alike are weighing in on its potential ramifications for the market.

在人们对即将到来的比特币减半的强烈预期中，行业专家和加密货币爱好者都在权衡其对市场的潜在影响。

Halving Hype Intensifies

减半炒作加剧

With less than nine days to go until the halving, the crypto community has become abuzz with excitement. MicroStrategy CEO Michael Saylor has been among the most vocal proponents of Bitcoin's bullish prospects, expressing his optimism via social media.

距离减半还有不到九天的时间，加密货币社区已经变得兴奋不已。 MicroStrategy 首席执行官 Michael Saylor 一直是比特币看涨前景最直言不讳的支持者之一，他通过社交媒体表达了他的乐观态度。

Google Trends data reflects the growing interest, with searches for "Bitcoin halving" reaching peak popularity on Monday. The Netherlands, Switzerland, and Austria have emerged as the countries most engaged with this topic.

谷歌趋势数据反映了人们日益增长的兴趣，“比特币减半”的搜索量在周一达到了峰值。荷兰、瑞士和奥地利已成为最关注这一主题的国家。

Ethereum's Potential

以太坊的潜力

Despite Bitcoin's dominance, some experts believe Ethereum (ETH) may offer even greater potential for returns. Greg Magadini, director of derivatives trading at Amberdata, contends that the halving narrative is already factored into short-term Bitcoin options.

尽管比特币占据主导地位，但一些专家认为以太坊（ETH）可能会提供更大的回报潜力。 Amberdata 衍生品交易总监 Greg Magadini 认为，减半的说法已经被纳入短期比特币期权中。

Magadini's analysis suggests that while Ethereum has underperformed recently, it may be poised for significant growth in the future. He draws comparisons between Bitcoin derivatives and Ethereum, highlighting the higher premiums associated with Bitcoin options.

马加迪尼的分析表明，虽然以太坊最近表现不佳，但未来可能会出现显着增长。他对比特币衍生品和以太坊进行了比较，强调了与比特币期权相关的更高溢价。

According to Magadini, traders are largely convinced of the halving's impact, unlike the potential approval and adoption of an Ethereum ETF. He observes that Bitcoin's open interest rate on CME futures exceeds that of Ethereum, suggesting that the US market has yet to build substantial positions in ETH.

马加迪尼表示，与以太坊 ETF 的潜在批准和采用不同，交易员在很大程度上相信减半的影响。他观察到，比特币在 CME 期货上的未​​平仓利率超过了以太坊，这表明美国市场尚未在 ETH 上建立大量头寸。

Factors Favoring Ethereum

有利于以太坊的因素

Magadini identifies several factors that could drive Ethereum's potential outperformance. These include its decreasing supply, reduced fees following the Dencun upgrade, and the facilitation of real-world assets through Layer 2 and Layer 3 solutions.

马加迪尼指出了可能推动以太坊潜在优异表现的几个因素。其中包括供应量的减少、Dencun 升级后费用的降低，以及通过第 2 层和第 3 层解决方案促进现实世界资产的发展。

Other analysts, including those from Glassnode and CoinDesk, concur that the upcoming Bitcoin halving may already be priced into the market. Despite the short-term focus on Bitcoin, Magadini believes that Ethereum offers compelling long-term prospects.

包括 Glassnode 和 CoinDesk 在内的其他分析师一致认为，即将到来的比特币减半可能已经被市场消化。尽管短期关注比特币，但马加迪尼相信以太坊提供了令人信服的长期前景。

Conclusion

结论

As the Bitcoin halving draws near, the crypto community is grappling with a mix of anticipation and uncertainty. While Bitcoin remains the dominant force, experts like Magadini suggest that Ethereum may emerge as a significant outperformer in the coming years.

随着比特币减半的临近，加密社区正在努力应对预期和不确定性。虽然比特币仍然是主导力量，但马加迪尼等专家认为，以太坊可能在未来几年成为表现突出的重要力量。

The interplay between Bitcoin's halving and Ethereum's potential evolution will continue to shape the narrative of the crypto market in the months and years to come.

比特币减半和以太坊潜在演变之间的相互作用将在未来数月乃至数年继续塑造加密市场的叙事。