美国政府扫清障碍，拍卖从丝绸之路缴获的 69,370 枚比特币，比特币市场在低迷边缘摇摇欲坠

分析师警告称，按当前价格计算，这一庞大库存价值约为 44 亿美元，可能会涌入市场并引发比特币价值大幅下跌。

The cryptocurrency market could be facing a potential downturn as the US government clears the final legal hurdles to auction off a massive stockpile of bitcoins.

随着美国政府扫清拍卖大量比特币库存的最后法律障碍，加密货币市场可能面临潜在的低迷。

This cryptocurrency, valued at approximately $4.4 billion at current prices, could trigger a significant drop in Bitcoin’s value, analysts warn.

分析师警告称，这种加密货币按当前价格计算价值约为 44 亿美元，可能会引发比特币价值大幅下跌。

Bitcoin dropped under $60,000 on Thursday after poor inflation data was released in the U.S. The inflation data has reduced expectations of further rate cuts from the U.S. Federal Reserve.

美国公布糟糕的通胀数据后，比特币周四跌破 60,000 美元。通胀数据降低了美联储进一步降息的预期。

While the Fed surprised markets in September by cutting rates by 50 basis points (larger than the expected 25), recent inflation and employment data have cooled hopes for another big cut in November.

尽管美联储 9 月份降息 50 个基点（高于预期的 25 个基点）令市场感到意外，但近期的通胀和就业数据却冷却了 11 月份再次大幅降息的希望。

The bitcoins in question were confiscated in 2013 following the FBI’s takedown of Silk Road, a notorious online black market used for the illegal trade of drugs, weapons, and other illicit goods.

2013 年，美国联邦调查局 (FBI) 捣毁丝绸之路 (Silk Road) 后，这些比特币被没收。丝绸之路是一个臭名昭著的在线黑市，用于非法交易毒品、武器和其他非法商品。

Ross Ulbricht, the mastermind behind Silk Road, was subsequently convicted and sentenced to life in prison. The fate of the seized bitcoins, however, remained tied up in legal battles until recently.

丝绸之路的主谋罗斯·乌布利希随后被定罪并被判处终身监禁。然而，直到最近，被扣押的比特币的命运仍然与法律斗争息息相关。

The Supreme Court’s recent decision not to hear an appeal regarding the ownership of the bitcoins paves the way for the US Marshals Service to proceed with the sale.

最高法院最近决定不审理有关比特币所有权的上诉，这为美国法警局继续出售比特币铺平了道路。

This comes on the heels of Germany’s recent sale of over $2 billion worth of Bitcoin, raising concerns about the potential impact of such a large influx of cryptocurrency into the market.

在此之前，德国最近出售了价值超过 20 亿美元的比特币，引发了人们对如此大量加密货币涌入市场的潜在影响的担忧。

According to experts, a sudden, large-scale sale could trigger a wave of panic selling, driving Bitcoin’s price down significantly.

专家表示，突然的大规模抛售可能会引发一波恐慌性抛售，导致比特币价格大幅下跌。

“Large-scale bitcoin sales like this often trigger market fluctuations,” said Ryan Lee, chief analyst at Bitget Research.

Bitget Research 首席分析师 Ryan Lee 表示：“像这样大规模的比特币销售往往会引发市场波动。”

The psychological impact on investors, who may anticipate further price drops, could exacerbate the situation, potentially leading to a cascade effect across the broader cryptocurrency market.

对投资者的心理影响可能会加剧这种情况，他们可能预计价格会进一步下跌，并可能导致整个加密货币市场的连锁效应。

The sale’s impact could extend beyond Bitcoin’s price. Increased volatility could deter institutional investors, who are increasingly drawn to cryptocurrencies but remain wary of their inherent risks.

此次出售的影响可能超出比特币的价格。波动性的增加可能会阻止机构投资者，他们越来越被加密货币所吸引，但仍对其固有风险保持警惕。

A sharp drop in Bitcoin’s value could also negatively impact the burgeoning DeFi (decentralized finance) ecosystem, which relies heavily on Bitcoin as collateral for loans and other financial products.

比特币价值的大幅下跌还可能对新兴的 DeFi（去中心化金融）生态系统产生负面影响，该生态系统严重依赖比特币作为贷款和其他金融产品的抵押品。

While some argue that the market, with its growing institutional presence, may be able to absorb the sale without a major crash, concerns remain about the US government’s approach.

尽管一些人认为，随着机构影响力的不断增强，市场可能能够在不发生重大崩盘的情况下消化此次出售，但对美国政府做法的担忧仍然存在。

BRN analyst Valentin Fournier points to Germany’s rushed sale, which resulted in below-market prices, as a cautionary tale.

BRN 分析师 Valentin Fournier 指出，德国的仓促销售导致价格低于市场水平，这是一个警示。

“To avoid a similar outcome, the government could opt to sell gradually or even retain the holdings,” Fournier suggests.

“为了避免类似的结果，政府可以选择逐步出售甚至保留所持股份，”福尼尔建议。

However, with the US government already transferring large amounts of Bitcoin to various exchanges, a phased approach seems unlikely.

然而，由于美国政府已经将大量比特币转移到各个交易所，分阶段的方法似乎不太可能。

This has fueled speculation that the sale could be imminent, adding to the prevailing sense of unease within the crypto community.

这引发了人们对此次出售可能迫在眉睫的猜测，加剧了加密货币社区普遍存在的不安感。

The uncertainty surrounding the timing and method of the sale further contributes to market anxiety. Investors are left to speculate about the government’s intentions, leading to heightened volatility and potentially irrational market behavior.

出售时间和方式的不确定性进一步加剧了市场焦虑。投资者只能猜测政府的意图，从而导致波动加剧和潜在的非理性市场行为。

While the long-term impact of the sale remains uncertain, the short-term outlook appears bleak. The potential for a significant price drop is real, and investors are bracing for a period of heightened volatility.

尽管出售的长期影响仍不确定，但短期前景似乎黯淡。价格大幅下跌的可能性是真实存在的，投资者正在为一段波动加剧的时期做好准备。

Whether the market can weather this storm and rebound quickly remains to be seen, but the looming sale of the Silk Road bitcoins is undoubtedly a major test for the resilience of the cryptocurrency market.

市场能否渡过这场风暴并迅速反弹还有待观察，但丝路比特币即将发售无疑是对加密货币市场韧性的重大考验。