比特币市场在减半和全球动荡中波动

比特币的价格在即将到来的减半事件之前波动，这将减少矿工的区块奖励并减缓比特币的供应。减半是每四年发生一次的计划事件，历史上一直伴随着加密货币的看涨趋势。然而，最近的地缘政治紧张局势、矿商的看跌情绪以及比特币交易所交易基金的负净流量都加剧了市场压力。尽管今年表现强劲，价格上涨了 50%，但比特币仍面临阻力，因为矿商在减半之前抛售比特币以维持盈利能力并稳定资产负债表。

Bitcoin Market Swings Amidst Halving Event and Global Turmoil

比特币市场在减半事件和全球动荡中波动

The cryptocurrency market is experiencing significant volatility as the highly anticipated Bitcoin halving event approaches this week. Halving, an integral part of Bitcoin's code, occurs every four years, reducing the block rewards earned by miners by half. This event inevitably slows down the supply of Bitcoin entering the market.

随着备受期待的比特币减半事件本周临近，加密货币市场正在经历剧烈波动。减半是比特币代码不可或缺的一部分，每四年发生一次，使矿工获得的区块奖励减少一半。这一事件不可避免地减缓了比特币进入市场的供应。

Historically, halving events have been followed by bullish runs for Bitcoin. However, this time around, the market is grappling with a confluence of factors that are dampening the expected surge.

从历史上看，减半事件之后都会出现比特币的看涨行情。然而，这一次，市场正在努力应对抑制预期上涨的多种因素。

One major factor influencing crypto prices is last weekend's unprecedented drone and missile attack on Israel by Iran. On Saturday, Bitcoin hovered around the $70,000 mark, but its value has since fluctuated significantly.

影响加密货币价格的一个主要因素是上周末伊朗对以色列进行的前所未有的无人机和导弹袭击。周六，比特币徘徊在 7 万美元大关附近，但此后其价值大幅波动。

In addition to geopolitical tensions, Bitcoin is also facing headwinds from other angles. Amina, a leading cryptocurrency bank, has identified several factors contributing to bearish sentiments in the market. These include miners selling off their Bitcoin reserves ahead of the halving, declining trading volumes, and negative net flows in Bitcoin exchange-traded funds (ETFs).

除了地缘政治紧张局势外，比特币还面临着其他角度的阻力。领先的加密货币银行 Amina 发现了导致市场看跌情绪的几个因素。其中包括矿商在减半前抛售比特币储备、交易量下降以及比特币交易所交易基金（ETF）净流量为负。

Miners, who are responsible for verifying and adding new blocks to the Bitcoin blockchain, are particularly concerned about the halving. As their rewards will be cut in half, some mining operations may become unprofitable. To mitigate this risk, miners are selling their Bitcoin to shore up their balance sheets.

负责验证并向比特币区块链添加新区块的矿工尤其担心减半。由于他们的奖励将减少一半，一些采矿业务可能会变得无利可图。为了减轻这种风险，矿商正在出售比特币以支撑资产负债表。

"Miner balances are near an all-time low," Amina noted in a research report. "This comes at the back of heavy selling from miners as they scramble to take profits ahead of the halving."

阿米娜在一份研究报告中指出：“矿工余额接近历史最低点。” “这是在矿商大量抛售的背景下发生的，因为他们争先恐后地在减半之前获利了结。”

The negative net flows in Bitcoin ETFs are another factor putting pressure on the cryptocurrency's price. ETFs, which track the price of Bitcoin without requiring investors to hold the actual cryptocurrency, have seen a decline in inflows since last week. This indicates that investors are withdrawing their funds from Bitcoin, further depressing its value.

比特币 ETF 的负净流量是给加密货币价格带来压力的另一个因素。 ETF 追踪比特币价格，无需投资者持有实际的加密货币，自上周以来资金流入有所下降。这表明投资者正在从比特币中撤出资金，进一步压低其价值。

Despite these challenges, Bitcoin has had a strong year overall, with its price rising by over 50%. The cryptocurrency reached an all-time high above $73,000 in March, driven largely by the approval of Bitcoin ETFs in the United States earlier this year.

尽管面临这些挑战，比特币总体表现强劲，价格上涨了 50% 以上。受今年早些时候美国批准比特币 ETF 的推动，这种加密货币在 3 月份达到了 73,000 美元以上的历史新高。

As the halving event unfolds, it remains to be seen how the market will react. While there is historical precedent for a bullish run, the confluence of factors currently weighing down on Bitcoin could temper the expected surge. Investors are closely monitoring the situation and weighing the potential risks and rewards of investing in Bitcoin at this crucial juncture.

随着减半事件的展开，市场将如何反应仍有待观察。尽管历史上有看涨的先例，但目​​前打压比特币的因素的综合作用可能会缓和预期的飙升。投资者正在密切关注事态发展，并权衡在此关键时刻投资比特币的潜在风险和回报。