CryptoQuant 首席执行官 Ki Young Ju 表示，比特币 (BTC) 矿工的投降尚未结束

加密货币分析公司 CryptoQuant 的创始人兼首席执行官 Ki Young Ju 表示，比特币矿商的投降仍未结束。

Cryptocurrency miners are still feeling the heat, and their capitulation is not over yet, according to Ki Young Ju, founder and CEO of cryptocurrency analytics firm CryptoQuant.

加密货币分析公司 CryptoQuant 的创始人兼首席执行官 Ki Young Ju 表示，加密货币矿工仍然感受到了压力，他们的投降尚未结束。

Highlighting historical data, Ju noted that such capitulation phases tend to conclude when the daily average mined value reaches 40% of the yearly average. However, it currently stands at 72%.

Ju强调了历史数据，指出当日平均开采价值达到年平均开采价值的40%时，这种投降阶段往往会结束。然而，目前这一比例为 72%。

The term "miner capitulation" describes a period where cryptocurrency miners face difficulties in meeting their expenses due to decreasing profitability. As a result, they are forced to sell their Bitcoin reserves amid declining prices and fees. While attention is often paid to Mt. Gox's repayments and the German government's selling spree, the miners' predicament also contributes to the bearish market.

“矿工投降”一词描述了加密货币矿工由于盈利能力下降而难以支付费用的时期。结果，他们被迫在价格和费用下降的情况下出售比特币储备。尽管人们经常关注Mt. Gox的还款和德国政府的抛售狂潮，但矿商的困境也加剧了市场的看跌。

According to data from Blockchain.com, the hashrate has recently dropped to 552 EH/s from its recent peak at 657 EH/s. This indicates that a significant number of miners are switching off their equipment.

根据 Blockchain.com 的数据，算力最近已从近期峰值 657 EH/s 降至 552 EH/s。这表明大量矿工正在关闭他们的设备。

Last week, CryptoQuant observed that substantial hashrate drops have historically signaled bottoming conditions.

上周，CryptoQuant 观察到，算力大幅下降在历史上预示着触底情况。

A "boring" market

“无聊”的市场

Ju advises market participants to stay bullish in the long term while avoiding excessive risks, considering the price action is likely to be dull over the next few months.

Ju建议市场参与者长期保持看涨，同时避免过度风险，考虑到未来几个月的价格走势可能会平淡。

According to CryptoQuant, the cryptocurrency is currently trading at $59,064, having peaked at $59,322 earlier on Wednesday.

据 CryptoQuant 称，该加密货币目前的交易价格为 59,064 美元，周三早些时候曾达到 59,322 美元的峰值。

Earlier this month, Ju highlighted that a "boring" Bitcoin presents a buying opportunity.

本月早些时候，Ju 强调，“无聊”的比特币提供了买入机会。

Last week, the primary cryptocurrency fell below the $54,000 level. However, it has since seen some recovery thanks to strong inflows into Bitcoin exchange-traded funds (ETFs). On July 9, these products saw a net inflow of $216.4 million.

上周，主要加密货币跌破 54,000 美元的水平。然而，由于大量资金流入比特币交易所交易基金（ETF），此后出现了一些复苏。 7月9日，这些产品净流入2.164亿美元。