随着调整担忧消退，加密货币市场飙升，接近历史高点

加密货币市场周一反弹，比特币 (BTC) 接近 67,000 美元，扭转了周末的跌势。山寨币也大幅上涨，Coindesk 市场指数中的 173 种数字资产中有 163 种每日上涨。以太坊 (ETH) 仍维持在 3,200 美元附近，表现不佳，上涨 1.5%。某些山寨币和 memecoin 的融资利率严重为负，表明在空头挤压的推动下可能出现大幅上涨。

Cryptocurrency Markets Surge, Nearing Previous Highs as Fears of Correction Wane

随着对修正的担忧减弱，加密货币市场飙升，接近历史高点

In a significant upswing, cryptocurrency markets exhibited substantial gains on Monday, with Bitcoin (BTC) approaching the $67,000 mark. This surge allayed concerns about a deeper correction that had been lingering in the market.

周一，加密货币市场大幅上涨，比特币 (BTC) 逼近 67,000 美元大关。此次飙升缓解了市场对更深层次调整的担忧。

Bitcoin, which recently underwent its quadrennial halving event, a process that reduces the issuance of new supply by half, witnessed a notable increase of over 3% over the past 24 hours. At the time of writing, it was trading around $66,500. Ether (ETH), the second-largest cryptocurrency, remained relatively stable near $3,200, although its growth of 1.5% during the same period was less impressive.

比特币最近经历了四年一度的减半事件，这一过程将新供应量减少一半，但在过去 24 小时内显着增长了 3% 以上。截至撰写本文时，其交易价格约为 66,500 美元。第二大加密货币以太币 (ETH) 在 3,200 美元附近保持相对稳定，尽管同期 1.5% 的增长不太令人印象深刻。

The upward momentum was widespread, with the majority of cryptocurrencies listed on the CoinDesk Market Index (CMI) posting positive daily returns. Out of the 173 cryptocurrencies included in the index, 163 experienced gains. The broader CoinDesk 20 Index (CDI) surged by over 3% during the day, primarily driven by Near Protocol's native token (NEAR), which exhibited a remarkable 15% increase.

上升势头很普遍，CoinDesk 市场指数（CMI）上列出的大多数加密货币都实现了正日回报。在该指数包含的 173 种加密货币中，有 163 种出现了上涨。更广泛的 CoinDesk 20 指数 (CDI) 当天飙升了 3% 以上，主要是受到近协议原生代币 (NEAR) 的推动，该代币表现出 15% 的惊人涨幅。

This positive sentiment extended to publicly listed miners such as Riot Platforms (RIOT), which jumped by 15%, and Hut 8 (HUT), which surged by 20%. Marathon Digital (MARA) also saw an increase of 6% amidst a frenzy of trading that led to a spike in fees. As transaction fees have become an increasingly significant revenue source for miners, this development has raised expectations for improved financial performance among these companies.

这种积极情绪延伸到了上市矿商，例如 Riot Platforms (RIOT) 上涨了 15%，Hut 8 (HUT) 上涨了 20%。 Marathon Digital (MARA) 在交易狂潮导致费用飙升的情况下也上涨了 6%。由于交易费用已成为矿商日益重要的收入来源，这一发展提高了人们对这些公司财务业绩改善的预期。

Despite concerns raised by Markus Thielen, founder of 10x Research, about potential market weakness following the halving, the historical performance of Bitcoin suggests a different trajectory. QCP Capital, a crypto hedge fund, highlighted that in the past three halving events, Bitcoin's price has exhibited an exponential rise approximately 50-100 days after the event. If this pattern holds true, Bitcoin bulls have a few weeks to capitalize on the current market momentum and build long positions.

尽管 10x Research 创始人马库斯·蒂伦 (Markus Thielen) 对减半后潜在的市场疲软表示担忧，但比特币的历史表现表明了不同的轨迹。加密货币对冲基金 QCP Capital 强调，在过去的三次减半事件中，比特币的价格在事件发生后约 50-100 天呈现指数级上涨。如果这种模式成立，比特币多头将有几周的时间利用当前的市场势头并建立多头头寸。

Funding rates, which represent the cost leveraged derivative traders incur to maintain open positions, have also witnessed a shift. After reaching elevated levels, they have cooled off for some larger cryptocurrencies and even turned deeply negative for some smaller ones. This negative territory, according to QCP Capital, creates an environment ripe for a swift upward move should risk appetite return.

资金费率代表杠杆衍生品交易者维持未平仓头寸所需的成本，也发生了变化。在达到较高水平后，他们对一些较大的加密货币已经降温，甚至对一些较小的加密货币变得非常负面。 QCP Capital 表示，这一负面区域为风险偏好回归时迅速上涨创造了成熟的环境。

QCP Capital anticipates the possibility of a "short squeeze," a rapid price increase triggered by the forced closing of short positions, particularly among altcoins and memecoins that have experienced sustained negative funding. This shift in sentiment could lead to short covering and a resumption of leveraged long positions.

QCP Capital 预计可能会出现“轧空”，即空头头寸被迫平仓引发的价格快速上涨，特别是在经历了持续负融资的山寨币和模因币中。这种情绪的转变可能会导致空头回补和杠杆多头头寸的恢复。

In conclusion, cryptocurrency markets have displayed a robust recovery, with Bitcoin nearing its previous all-time high. While some analysts had expressed concerns about a post-halving correction, the historical trend suggests a bullish outlook in the medium term. Funding rates, while initially hot, have cooled, signaling potential for further upward movement if risk appetite returns.

总之，加密货币市场表现出强劲复苏，比特币接近之前的历史高点。尽管一些分析师对减半后的修正表示担忧，但历史趋势表明中期前景看涨。融资利率虽然最初很热，但现已降温，这表明如果风险偏好回升，融资利率可能会进一步上升。