比特幣 (BTC) 礦工投降，72 小時內拋售 30,000 BTC，價值 $1.71B

比特幣（BTC）礦工在保護網路安全和生產新貨幣方面發揮著重要作用。自今年稍早比特幣第四次減半以來，比特幣礦商一直在調整其營運以適應不斷上升的難度。

Bitcoin (BTC) miners serve the crucial function of securing the network and generating new coins. Following the fourth Bitcoin halving earlier this year, BTC miners have been adjusting their operations to cope with the increasing difficulty. As a result, the Bitcoin block reward has decreased from 6.25 coins to around 3.125 units every ten minutes, making it challenging for current mining rigs to remain profitable.

比特幣（BTC）礦工發揮保護網路安全和產生新貨幣的關鍵作用。繼今年稍早比特幣第四次減半之後，比特幣礦商一直在調整營運以應對日益增加的難度。結果，比特幣區塊獎勵從每 10 分鐘 6.25 個幣減少到約 3.125 個幣，這使得當前礦機保持盈利面臨挑戰。

The Adjustment Process of Bitcoin Miners

比特幣礦工的調整過程

After the fourth Bitcoin halving in April, the mining hash rate dropped from over 643 EH/s to a low of around 561 EH/s in June. The significant hash rate drop was attributed to Bitcoin miners switching off their rigs in preparation for powering up new-generation hardware.

4 月比特幣第四次減半後，挖礦算力從 643 EH/s 下降到 6 月的 561 EH/s 左右的低點。哈希率顯著下降是由於比特幣礦工關閉了他們的設備以準備啟動新一代硬體。

Since June, the Bitcoin hashrate has recovered and recently scaled to a new all-time high of about 698 EH/s earlier this month. However, the Bitcoin hash rate has since stabilized around 573 EH/s as the mining difficulty rallied to a new all-time high of about 92.67 T on Tuesday, September 11.

自 6 月以來，比特幣算力已經恢復，並在本月初達到了約 698 EH/s 的歷史新高。然而，隨著 9 月 11 日星期二挖礦難度升至約 92.67 T 的歷史新高，比特幣哈希率此後穩定在 573 EH/s 左右。

Capitulation in Progress

投降正在進行中

Despite the higher odds of interest rate cuts in the United States next week on Wednesday, the possibility of further Bitcoin price drop still exists. Moreover, some experts believe next week’s economic shift could turn out as a sell-the-news event, leading to further sell-offs.

儘管週三美國下週降息的可能性較大，但比特幣價格進一步下跌的可能性仍然存在。此外，一些專家認為，下週的經濟轉變可能會成為拋售新聞事件，導致進一步拋售。

Bitcoin miners have sold over 30,000 $BTC in the last 72 hours, amounting to about $1.71 billion! pic.twitter.com/OuaiIo7QZ9

比特幣礦工在過去 72 小時內出售了超過 30,000 美元的 BTC，總計約 17.1 億美元！ pic.twitter.com/OuaiIo7QZ9

Consequently, on-chain data shows that both short-term Bitcoin holders and miners have been selling recently. According to on-chain data provided by Santiment, Bitcoin miners have sold over 30k BTCs, valued at over $1.7 billion, in the past three days.

因此，鏈上數據顯示，短期比特幣持有者和礦工最近都在拋售比特幣。根據 Santiment 提供的鏈上數據，過去三天比特幣礦工已售出超過 3 萬枚 BTC，價值超過 17 億美元。

However, the massive Bitcoin sell-off from miners and short-term holders has been absorbed by whales, led by U.S. spot Bitcoin ETFs.

然而，礦工和短期持有者的大規模比特幣拋售已被以美國現貨比特幣 ETF 為首的鯨魚吸收。