减半后比特币飙升；矿业股因价格预期而飙升

比特币减半事件之后，该加密货币经历了温和的上涨趋势，在一周内恢复至 66,000 美元大关。与减半引发的飙升预期相反，比特币矿业股表现出显着增长，Riot Platforms 和 Marathon Digital Holdings 的涨幅显着。被低估的价格吸引的投资者涌入以及比特币价格上涨的预期推动了矿业股的上涨。

Bitcoin Surges Post Halving, Mining Stocks Soar as Investors Anticipate Future Price Rise

比特币减半后飙升，投资者预期未来价格上涨，矿业股飙升

Bitcoin has experienced a notable recovery since its highly anticipated halving event, regaining the $66,000 mark within a week. This performance has defied the expectations of many investors who had anticipated a more subdued response to the halving.

自备受期待的减半事件以来，比特币经历了显着的复苏，一周内重回 66,000 美元大关。这一表现出乎许多投资者的预期，他们原本预计减半的反应会更加温和。

Bitcoin's Post-Halving Rebound

比特币减半后的反弹

According to CoinMarketCap, Bitcoin closed its trading at $66,819 on May 22nd, a 2.89% increase from 24 hours prior. Domestically, on Upbit, it closed at 97.19 million won, reflecting a 2.45% gain. Since the halving was implemented on May 20th at 9:09 AM, Bitcoin's price has rebounded by approximately 5%.

根据 CoinMarketCap 的数据，5 月 22 日，比特币收盘价为 66,819 美元，较 24 小时前上涨 2.89%。国内方面，Upbit收盘价为9719万韩元，上涨2.45%。自5月20日上午9点09分实施减半以来，比特币价格已反弹约5%。

Despite the initial surge, the significant price spike that many investors had anticipated has not yet materialized.

尽管最初出现飙升，但许多投资者预期的价格大幅上涨尚未实现。

Net Inflows into Bitcoin ETFs

比特币 ETF 净流入

Meanwhile, Bitcoin spot exchange-traded funds (ETFs) have witnessed renewed net inflows around the halving. Farside Investors reported that $62.2 million flowed into 11 Bitcoin spot ETFs listed on the U.S. market on May 22nd. This reversal marks a departure from the net outflows observed in the five consecutive trading days leading up to May 18th.

与此同时，比特币现货交易所交易基金（ETF）在减半前后出现了新的净流入。 Farside Investors 报告称，5 月 22 日，有 6220 万美元流入美国市场上市的 11 只比特币现货 ETF。这一逆转标志着与 5 月 18 日之前连续五个交易日观察到的净流出背离。

While GBTC is still experiencing net outflows, buying activity has been evident in FBTC and IBIT.

虽然 GBTC 仍在经历净流出，但 FBTC 和 IBIT 的买盘活动已很明显。

Mining Stocks Surge as Investors Anticipate Bitcoin Price Appreciation

由于投资者预期比特币价格升值，矿业股飙升

The halving has particularly benefited Bitcoin mining stocks, which have witnessed a surge in prices. Riot Platforms (RIOT) led the rally, closing at $11.24 on the Nasdaq with a 23.11% gain from the previous day. Marathon Digital (MARA) also saw a significant rise of 6.36% to $17.55, while Clines Park (CLSK) closed 10.99% higher at $19.09.

减半对比特币矿业股尤其有利，这些股票的价格已经飙升。 Riot Platforms (RIOT) 领涨，在纳斯达克收盘于 11.24 美元，较前一交易日上涨 23.11%。 Marathon Digital (MARA) 也大幅上涨 6.36% 至 17.55 美元，而 Clines Park (CLSK) 收盘上涨 10.99% 至 19.09 美元。

The rise in mining stocks is driven by the expectation that if Bitcoin prices continue to rise, mining operations will become increasingly profitable. During the previous halving, Riot Blockchain's stock price soared 5316% from $1.2 to $65 in the six months that followed the surge in Bitcoin's value.

矿业股的上涨是由于人们预期如果比特币价格继续上涨，挖矿业务将变得越来越有利可图。在上一次减半期间，Riot Blockchain 的股价在比特币价值飙升后的六个月内从 1.2 美元飙升至 65 美元，飙升了 5316%。

New Bitcoin Standard Boosts Miner Profits

新的比特币标准提高了矿工的利润

The emergence of runesprotocol, a new Bitcoin standard, has further enhanced the outlook for miners. Bitcoin network-based tokens created using this technology are gaining popularity, allowing miners to collect significant network fees in addition to mining rewards as Bitcoin network usage increases.

新的比特币标准符文协议的出现，进一步提升了矿工的前景。使用该技术创建的基于比特币网络的代币越来越受欢迎，随着比特币网络使用量的增加，除了挖矿奖励之外，矿工还可以收取大量的网络费用。

Positive Sentiment in Bitcoin-Themed Stocks

比特币主题股票的积极情绪

The bullish sentiment extends beyond mining stocks to other Bitcoin-related equities. MicroStrategy (MSTR), the listed company with the largest Bitcoin holdings, saw its stock price rise by 12.77%, while Coinbase (COIN), a leading cryptocurrency exchange, gained 7.04%.

看涨情绪不仅限于矿业股，还延伸至其他比特币相关股票。持有比特币最多的上市公司MicroStrategy（MSTR）股价上涨12.77%，领先的加密货币交易所Coinbase（COIN）股价上涨7.04%。

Technical Indicators Suggest Caution

技术指标建议谨慎

Despite the positive price action, blockchain data analysis company CryptoQuant reports that the total amount of Bitcoin held by global virtual asset exchanges has decreased by 0.14% from the previous day, indicating a drop in exchange supply. The Coinbase premium, which gauges U.S. investor sentiment, remains modest at 0.046%.

尽管价格走势积极，但区块链数据分析公司 CryptoQuant 报告称，全球虚拟资产交易所持有的比特币总量较前一天减少了 0.14%，表明交易所供应量下降。衡量美国投资者情绪的 Coinbase 溢价仍然温和，为 0.046%。

The kimchi premium, reflecting buying sentiment in the Korean market, stands at 5.16%. Unsigned futures contracts, which indicate pending liquidations in the futures market, have declined by 6.5% from the previous day. However, they have increased by 5.19% compared to a week ago.

反映韩国市场购买情绪的泡菜溢价为 5.16%。未签署的期货合约（表明期货市场上有待清算）较前一交易日下降了 6.5%。然而，与一周前相比，它们增加了5.19%。

This rise in futures positions suggests that investors are taking higher risks as Bitcoin remains range-bound since its halving.

期货头寸的增加表明，由于比特币自减半以来仍处于区间波动状态，投资者正在承担更高的风险。