比特幣現金減半後暴跌，市場情緒惡化

比特幣現金（BCH）曾被譽為比特幣的優越替代品，但在最近的減半事件後面臨嚴重的低迷。該加密貨幣的市值和交易者興趣都迅速下降，未平倉合約較 4 月高點下降了 30%。 BCH價格自周一以來也暴跌15%，讓一些持有者陷入恐慌。

Bitcoin Cash Plummets Post-Halving as Market Sentiment Sours

由於市場情緒惡化，比特幣現金在減半後暴跌

April 12, 2023 - Bitcoin Cash (BCH), once hailed as a superior alternative to Bitcoin, has suffered a sharp decline in its market valuation and trader interest following its recent Halving event.

2023 年 4 月 12 日 - 比特幣現金（BCH）曾被譽為比特幣的優質替代品，但在最近的減半事件後，其市場估值和交易者興趣急劇下降。

Collapsing Open Interest Indicates Weak Sentiment

未平倉合約暴跌表示市場情緒疲軟

According to data from CoinGlass, Bitcoin Cash's open interest has witnessed a dramatic evaporation in the week since the network halved its miner rewards on April 4th. This metric, which represents the total amount of capital committed by traders holding long or short positions, serves as an indicator of market activity and overall momentum.

根據 CoinGlass 的數據，自 4 月 4 日網路將礦工獎勵減半以來，比特幣現金的未平倉合約在一周內急劇蒸發。此指標代表持有多頭或空頭部位的交易者投入的資金總額，可作為市場活動和整體動力的指標。

As of writing, open interest for Bitcoin Cash stands at $438.96 million, marking a precipitous drop of approximately 10% over the past 24 hours. This decline represents a staggering 30% reduction compared to the April highs of around $600 million recorded shortly after the Halving.

截至本文撰寫時，比特幣現金的未平倉合約為 4.3896 億美元，在過去 24 小時內急劇下降約 10%。與減半後不久創下的 4 月約 6 億美元的高點相比，這一跌幅令人震驚地減少了 30%。

Halving Event Fails to Spur Price Rally

減半事件未能刺激物價上漲

Typically, Halving events, which reduce the supply of new coins entering the market, tend to trigger price increases. However, in the case of Bitcoin Cash, this pattern has not materialized. The BCH price has instead come under significant selling pressure, falling by 15% since Monday and erasing almost all the gains made on the Halving day.

通常情況下，減半事件會減少進入市場的新代幣的供應，往往會引發價格上漲。然而，就比特幣現金而言，這種模式並未實現。相反，BCH 價格面臨巨大的拋售壓力，自周一以來下跌了 15%，幾乎抹去了減半日的所有漲幅。

Traders Exit BCH Amidst Uncertainty

交易員在不確定性中退出 BCH

The sustained decline in open interest suggests that traders are abandoning the BCH market due to a loss of confidence or a shift towards a wait-and-see approach. This exodus could further exacerbate the selling pressure on the BCH price, potentially pushing it below $550.

未平倉合約的持續下降表明，交易者因失去信心或轉向觀望而放棄了 BCH 市場。這種資金外流可能會進一步加劇 BCH 價格的拋售壓力，有可能將其推至 550 美元以下。

BCH's Correlation with Bitcoin Remains a Wild Card

BCH 與比特幣的相關性仍然是一個不確定因素

Bitcoin Cash's positive correlation with Bitcoin could potentially draw market participants back into the market if the flagship cryptocurrency experiences a significant price surge. However, given the current choppy price action and the negative sentiment surrounding BCH, it remains uncertain whether such a rally will occur.

如果旗艦加密貨幣價格大幅上漲，比特幣現金與比特幣的正相關性可能會吸引市場參與者重返市場。然而，考慮到當前波動的價格走勢以及圍繞 BCH 的負面情緒，這種反彈是否會發生仍不確定。

Continued Price Drops Possible

價格可能持續下跌

As open interest continues to dwindle, it is likely that BCH's price will continue to fall. If the selling pressure persists, the BCH price could potentially drop below $550, returning open interest levels to those seen in January 2024.

隨著持倉量持續減少，BCH的價格很可能會繼續下跌。如果拋售壓力持續存在，BCH 價格可能會跌破 550 美元，使未平倉合約水準恢復到 2024 年 1 月的水準。

Conclusion

結論

Bitcoin Cash's post-Halving performance has been disappointing, with both its price and market interest plummeting. While the Halving event failed to trigger the expected price rally, the decline in open interest suggests that traders are losing confidence in the cryptocurrency's prospects. Despite the potential influence of Bitcoin's price movements, the future of Bitcoin Cash remains uncertain, with further price declines appearing more likely in the current market environment.

比特幣現金減半後的表現令人失望，價格和市場興趣都大幅下跌。儘管減半事件未能引發預期的價格上漲，但未平倉合約的下降表明交易者對加密貨幣的前景失去了信心。儘管比特幣價格走勢有潛在影響，但比特幣現金的未來仍然不確定，在當前的市場環境下，價格進一步下跌的可能性更大。