比特幣波動性預計將接近減半，分析師敦促謹慎

在比特幣減半即將到來之際，分析師預測價格可能會下跌。 CryptoQuant 警告稱，如果突破 60,000 美元的水平，價格可能會跌至 52,000 美元。然而，透過比特幣現貨 ETF 增加機構參與可能會將市場穩定在 60,000 美元的支撐位附近，從而防止更大幅度的調整。

Bitcoin Price Volatility Amidst Halving Approaches, Analysts Issue Caution

減半接近期間比特幣價格波動，分析師發出警告

As the highly anticipated Bitcoin (BTC) halving event draws near, crypto analysts are raising concerns about potential price fluctuations and issuing warnings of potential price drops. CryptoQuant, a renowned cryptocurrency analytics platform, has projected a possible decline in Bitcoin's price to $52,000 if specific key levels fail to hold.

隨著備受期待的比特幣減半事件的臨近，加密貨幣分析師對潛在的價格波動表示擔憂，並對潛在的價格下跌發出警告。著名的加密貨幣分析平台 CryptoQuant 預計，如果特定的關鍵水平未能維持，比特幣的價格可能會下跌至 52,000 美元。

CryptoQuant has observed growing uncertainty within the Bitcoin derivatives market, with derivative traders exhibiting greater caution compared to previous halving cycles. This caution is particularly notable amidst an increased influx of institutional players entering the market.

CryptoQuant 觀察到比特幣衍生性商品市場的不確定性不斷增加，與先前的減半週期相比，衍生性商品交易者表現得更謹慎。在越來越多的機構參與者湧入市場的情況下，這種謹慎態度尤其值得注意。

The trepidation among derivatives traders is evident in the diminishing open interest and funding rates, as depicted in the BTC chart. Open interest signifies the cumulative number of outstanding derivatives contracts, while funding rates represent the cost associated with holding long positions relative to short positions.

正如比特幣圖表所示，衍生性商品交易者的恐懼在未平倉合約和融資利率的下降中顯而易見。未平倉合約表示未平倉衍生性合約的累積數量，而融資利率則表示持有多頭部位相對於空頭部位的相關成本。

Key Price Levels to Monitor

需要監控的關鍵價格水平

According to CryptoQuant, a breach of Bitcoin's price below the $60,000 mark, currently hovering at $61,723, could trigger a potential decline to $52,000. Such a drop would constitute a substantial correction from current levels and could indicate a short-term bearish trend.

據 CryptoQuant 稱，如果比特幣價格跌破 60,000 美元大關（目前徘徊在 61,723 美元），可能會導致價格跌至 52,000 美元。這樣的下跌將構成對當前水準的大幅調整，並可能表明短期看跌趨勢。

However, the analysis also acknowledges the significant presence of institutional Bitcoin Spot ETFs within the market. These institutional entities could potentially absorb excess supply resulting from liquidations near the $60,000 support level, potentially bolstering the price and mitigating a more severe decline.

然而，分析也承認市場上機構比特幣現貨 ETF 的大量存在。這些機構實體可能會吸收 60,000 美元支撐位附近清算造成的過剩供應，可能提振價格並緩解更嚴重的下跌。

Institutional Involvement and Market Dynamics

機構參與與市場動態

The increasing involvement of institutional investors in the cryptocurrency market has become a prominent trend in recent times. Institutional Bitcoin Spot ETFs, in particular, have gained substantial dominance and wield considerable influence over the market.

機構投資者越來越多地參與加密貨幣市場已成為近年來突出的趨勢。尤其是機構比特幣現貨 ETF 已經獲得了巨大的主導地位，並對市場產生了相當大的影響力。

These institutional players often adopt a longer-term investment strategy and may be more likely to accumulate Bitcoin during price fluctuations, viewing such declines as buying opportunities rather than reasons for alarm. Their presence could thus play a critical role in stabilizing the market and supporting the price around the $60,000 level.

這些機構參與者通常採取長期投資策略，並且可能更有可能在價格波動期間累積比特幣，將此類下跌視為買入機會而不是警覺的原因。因此，他們的存在可能在穩定市場和支撐 60,000 美元水平附近的價格方面發揮關鍵作用。

As Bitcoin's halving event draws closer, the crypto market braces for potential volatility. While CryptoQuant's projection of a potential drop to $52,000 warrants attention, the strong presence of institutional investors could provide some price support.

隨著比特幣減半事件的臨近，加密市場準備迎接潛在的波動。儘管 CryptoQuant 對價格可能跌至 52,000 美元的預測值得關注，但機構投資者的強勁存在可能會提供一些價格支撐。

The halving event, scheduled to occur on or around May 12, 2024, marks a significant reduction in the issuance rate of new Bitcoins. Historically, halving events have often been associated with increased price volatility and speculation within the crypto market.

減半事件定於 2024 年 5 月 12 日左右發生，標誌著新比特幣發行率大幅下降。從歷史上看，減半事件通常與加密貨幣市場內的價格波動和投機增加有關。