比特币现金矿工减半前的销售给反弹蒙上了阴影

比特币现金 (BCH) 在即将到来的减半事件之前经历了大幅价格波动，在 3 月 25 日达到了 496 美元的峰值。然而，矿商在 2024 年战略性抛售 150 万枚 BCH 可能会削弱这一涨势。随着矿商继续清算其持有的资产，BCH 价格可能会跌破 400 美元，而 411 美元的买家群将提供支撑。跌破该水平可能会导致进一步逆转至 350 美元。

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

比特币现金矿工减半前的举动给价格上涨蒙上了阴影

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.

比特币现金 (BCH) 在 4 月 4 日第三次减半事件之前经历了巨大的市场波动。该加密货币的价格于 3 月 25 日飙升至 496 美元的峰值，比前五天上涨了 44%。然而，BCH 矿商的战略策略可能会破坏这一涨势。

Miner Reserve Flows: A Paradigm Shift

矿工储备流量：范式转变

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 的矿工储备数据显示，自今年年初以来，比特币现金矿工的行为发生了显着变化。截至 1 月 1 日，矿工集体储备中持有约 772 万枚 BCH。然而，通过积极抛售，这一数字已降至 625 万枚 BCH，为 2018 年以来的最低水平。

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.

这表明矿商利用近期价格上涨的机会，在 2024 年 1 月至 3 月期间抛售了约 150 万枚 BCH，价值约 7.41 亿美元。随着矿商寻求在减半前锁定利润，抛售趋势预计将持续下去。

Price Outlook: Downswing Potential

价格展望：下行潜力

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.

矿商的大量抛售造成了比特币现金市场的看跌情绪。技术分析表明，BCH 空头必须突破 400 美元左右的支撑买入墙，价格才能进一步下跌。 IntoTheBlock 的数据显示，825,330 个地址以最高 411 美元的价格购买了 240 万个 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.

如果这一关键支撑位被打破，BCH 可能会回撤至 350 美元。相反，多头可以通过将价格推高至 500 美元上方来应对这种看跌前景。然而，490 美元的抛售墙对持续上涨构成了重大障碍。

Conclusion

结论

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.

比特币现金矿商的战略储备管理在减半事件之前给加密货币的价格轨迹注入了不确定性。持续的抛售压力可能会在短期内打压价格，可能导致价格跌破 400 美元。虽然多头可能会尝试突破 500 美元，但 490 美元的阻力位仍然是一个巨大的障碍。投资者应在未来几天密切关注矿工的活动和市场情绪，以评估对比特币现金价格的潜在影响。