比特幣現金礦工減半前的銷售給反彈蒙上了陰影

比特幣現金(BCH) 在即將到來的減半事件之前經歷了大幅價格波動，在3 月25 日達到了496 美元的峰值。然而，礦商在2024 年戰略性拋售150 萬枚BCH 可能會削弱這一漲勢。隨著礦商繼續清算其持有的資產，BCH 價格可能會跌破 400 美元，而 411 美元的買家群將提供支撐。跌破該水平可能會導致進一步逆轉至 350 美元。

Bitcoin Cash Miners' Pre-Halving Maneuvers Cast Shadow over Price Rally

比特幣現金礦工減半前的舉動為價格上漲蒙上了陰影

Bitcoin Cash (BCH) has experienced significant market volatility in the lead-up to its third halving event on April 4. The cryptocurrency's price surged to a peak of $496 on March 25, a 44% gain over the previous five days. However, strategic maneuvers by BCH miners threaten to undermine this rally.

比特幣現金(BCH) 在4 月4 日第三次減半事件之前經歷了巨大的市場波動。該加密貨幣的價格於3 月25 日飆升至496 美元的峰值，比前五天上漲了44% 。然而，BCH 礦商的策略策略可能會破壞這一漲勢。

Miner Reserve Flows: A Paradigm Shift

礦工儲備流量：典範轉移

IntoTheBlock's miner reserve data reveals a notable shift in Bitcoin Cash miners' behavior since the start of the year. As of January 1, miners held approximately 7.72 million BCH in their collective reserves. However, through aggressive selling, this figure has declined to 6.25 million BCH, the lowest level since 2018.

IntoTheBlock 的礦工儲備數據顯示，自今年年初以來，比特幣現金礦工的行為發生了顯著變化。截至 1 月 1 日，礦工集體儲備中持有約 772 萬枚 BCH。然而，透過積極拋售，這一數字已降至 625 萬枚 BCH，為 2018 年以來的最低水平。

This suggests that miners have capitalized on the recent price rally by offloading an estimated 1.5 million BCH, worth approximately $741 million, between January and March 2024. The selling trend is expected to continue as miners seek to lock in profits ahead of the halving.

這顯示礦商利用近期價格上漲的機會，在2024 年1 月至3 月期間拋售了約150 萬枚BCH，價值約7.41 億美元。隨著礦商尋求在減半前鎖定利潤，拋售趨勢預計將持續下去。

Price Outlook: Downswing Potential

價格展望：下行潛力

The miners' substantial selling spree has created a bearish sentiment in the Bitcoin Cash market. Technical analysis indicates that BCH bears must breach the support buy-wall around $400 for a further price decline. IntoTheBlock's data shows that 825,330 addresses acquired 2.4 million BCH at a maximum price of $411.

礦商的大量拋售造成了比特幣現金市場的看跌情緒。技術分析表明，BCH 空頭必須突破約 400 美元的支撐買入牆，價格才能進一步下跌。 IntoTheBlock 的數據顯示，825,330 個地址以最高 411 美元的價格購買了 240 萬個 BCH。

If this critical support level is broken, BCH could potentially retrace towards $350. Conversely, bulls could counter this bearish outlook by driving the price above $500. However, the sell-wall at $490 poses a significant hurdle to a sustained rally.

如果這一關鍵支撐位被打破，BCH 可能會回撤至 350 美元。相反，多頭可以透過將價格推高至 500 美元上方來應對這種看跌前景。然而，490 美元的拋售牆對持續上漲構成了重大障礙。

Conclusion

結論

Bitcoin Cash miners' strategic reserve management has injected uncertainty into the cryptocurrency's price trajectory ahead of its halving event. The ongoing selling pressure could weigh on the price in the short term, potentially leading to a downswing below $400. While bulls could attempt a breakout above $500, the resistance at $490 remains a formidable obstacle. Investors should monitor the miners' activity and market sentiment closely in the coming days to gauge the potential impact on the Bitcoin Cash price.

比特幣現金礦商的策略儲備管理在減半事件之前為加密貨幣的價格軌跡注入了不確定性。持續的拋售壓力可能會在短期內打壓價格，可能導致價格跌破 400 美元。雖然多頭可能會嘗試突破 500 美元，但 490 美元的阻力位仍然是一個巨大的障礙。投資者應在未來幾天密切關注礦工的活動和市場情緒，以評估對比特幣現金價格的潛在影響。