比特币减半令市场承压，促使策略性交易

尽管人们对比特币最近的减半持谨慎乐观态度，但分析师仍保持看涨前景，强调了比特币和替代加密货币（山寨币）的潜在机会。虽然比特币价格在减半后保持相对稳定，但专家表示，涉及 Memecoins 和 Altcoins 的空头挤压可能即将到来。以太坊风险逆转的正常化表明投机情绪的积极转变，可能引发空头回补和杠杆多头头寸的复苏。

Bitcoin Halving Lingers, Sparks Market Conjecture and Strategic Positioning

比特币减半悬而未决，引发市场猜想与战略定位

In the wake of Bitcoin's fourth halving on April 19th, the cryptocurrency ecosystem remains cautiously optimistic, with market participants weighing potential opportunities for both Bitcoin (BTC) and alternative cryptocurrencies (altcoins). As outlined in a recent report by QCP Capital, the market's muted response to this halving has prompted speculation about near-term prospects.

4 月 19 日比特币第四次减半后，加密货币生态系统仍然保持谨慎乐观，市场参与者正在权衡比特币 (BTC) 和替代加密货币 (山寨币) 的潜在机会。正如 QCP Capital 最近的一份报告所述，市场对减半的反应冷淡，引发了对近期前景的猜测。

Historically, each halving event has catalyzed significant surges in BTC's spot price. However, the comparatively subdued price action following this halving has raised questions about the market's trajectory. Analysts posit that a short squeeze may be imminent, buoyed by memecoins and altcoins characterized by persistent negative funding rates, some of which have plummeted to -100%.

从历史上看，每次减半事件都会促使比特币现货价格大幅上涨。然而，减半后相对疲软的价格走势引发了人们对市场轨迹的质疑。分析师认为，在 memecoin 和山寨币的推动下，空头挤压可能即将到来，这些币的特点是资金利率持续为负，其中一些币已暴跌至 -100%。

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is also experiencing a normalization of risk reversals, signaling an improvement in speculative sentiment. This development could potentially ignite short covering and a resurgence of leveraged long positions in the market.

按市值计算的第二大加密货币以太坊（ETH）也正在经历风险逆转的正常化，这表明投机情绪有所改善。这一事态发展可能会引发空头回补和市场上杠杆多头头寸的复苏。

Against this backdrop, traders are exploring diverse trading strategies to capitalize on potential market movements. QCP Capital proposes a strategy centered on maintaining a structurally bullish outlook on BTC through the acquisition of long-dated call options. Options such as ERKO December 27th, 2024, and ERKO March 28th, 2025, present compelling risk-reward profiles for those anticipating a protracted bullish trajectory for BTC's price trajectory.

在此背景下，交易者正在探索多样化的交易策略，以利用潜在的市场走势。 QCP Capital 提出了一项战略，其核心是通过收购长期看涨期权来维持对 BTC 的结构性看涨前景。 2024 年 12 月 27 日的 ERKO 和 2025 年 3 月 28 日的 ERKO 等期权为那些预计 BTC 价格轨迹将长期看涨的人提供了令人信服的风险回报。

Experts advocate a methodical approach to accumulating Bitcoin positions over the coming weeks, specifically targeting price points around $55,000 in anticipation of a post-halving exponential price surge. Financial instruments like the BTC Accumulator, expiring in September 2024, offer an opportunity to establish long positions at discounted rates while incorporating a predetermined upper limit for potential profit realization.

专家们主张在未来几周内采取有条不紊的方法来积累比特币头寸，特别是瞄准 55,000 美元左右的价格点，以应对减半后价格指数级飙升。 BTC Accumulator 等金融工具将于 2024 年 9 月到期，提供了以折扣价建立多头头寸的机会，同时纳入了潜在利润实现的预定上限。

Altcoin Markets Surge Amid Bitcoin's Rebound

比特币反弹，山寨币市场飙升

Concurrent with Bitcoin's rally beyond the $67,000 threshold, altcoin markets have witnessed a resurgence of interest. Sentiment analysis by Santiment underscores substantial discussions revolving around specific tokens, notably POPCAT and AMP. POPCAT, a memecoin, has experienced a remarkable 41% surge in market capitalization within 24 hours, drawing parallels to established coins like WIF and DOGE.

在比特币涨至 67,000 美元大关的同时，山寨币市场的兴趣又重新抬头。 Santiment 的情绪分析强调了围绕特定代币（尤其是 POPCAT 和 AMP）的实质性讨论。 POPCAT 是一种 memecoin，其市值在 24 小时内飙升了 41%，与 WIF 和 DOGE 等成熟货币​​相当。

However, caution prevails due to the potential for correction risks amidst heightened fear of missing out (FOMO). Conversely, there has been a surge in the trading volume of AMP. However, its scalability and impact on the financial market remain under discussion. Despite sentiment being neutral, AMP may be considered a potential investment based on its market cap, contingent upon Bitcoin's continued upward trend.

然而，由于人们对错过机会（FOMO）的恐惧加剧，因此可能存在修正风险，因此人们普遍保持谨慎态度。相反，AMP的交易量却出现了激增。然而，其可扩展性和对金融市场的影响仍在讨论中。尽管市场情绪呈中性，但根据其市值，AMP 可能被视为一项潜在投资，具体取决于比特币的持续上涨趋势。

Conclusion

结论

The crypto space continues to navigate the post-halving landscape, with mixed signals shaping market dynamics. While Bitcoin's muted response to the halving has dampened some expectations, altcoins have experienced a resurgence of interest. As the market evolves, traders and investors alike will scrutinize emerging patterns and developments, seeking to discern opportunities and manage risks in this volatile and dynamic ecosystem.

加密货币领域继续在减半后的格局中前行，混合信号塑造着市场动态。尽管比特币对减半的反应冷淡，削弱了一些预期，但山寨币的兴趣却重新抬头。随着市场的发展，交易者和投资者都将密切关注新兴模式和发展，寻求在这个不稳定且动态的生态系统中识别机会并管理风险。