比特币现金减半后暴跌，市场情绪恶化

比特币现金（BCH）曾被誉为比特币的优越替代品，但在最近的减半事件后面临着严重的低迷。该加密货币的市值和交易者兴趣均迅速下降，未平仓合约较 4 月份高点下降了 30%。 BCH价格自周一以来也暴跌15%，让一些持有者陷入恐慌。

Bitcoin Cash Plummets Post-Halving as Market Sentiment Sours

由于市场情绪恶化，比特币现金在减半后暴跌

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 - 比特币现金（BCH）曾被誉为比特币的优质替代品，但在最近的减半事件后，其市场估值和交易者兴趣急剧下降。

Collapsing Open Interest Indicates Weak Sentiment

未平仓合约暴跌表明市场情绪疲软

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.

根据 CoinGlass 的数据，自 4 月 4 日网络将矿工奖励减半以来，比特币现金的未平仓合约在一周内急剧蒸发。该指标代表持有多头或空头头寸的交易者投入的资金总额，可作为市场活动和整体动力的指标。

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.

截至撰写本文时，比特币现金的未平仓合约为 4.3896 亿美元，在过去 24 小时内急剧下降约 10%。与减半后不久创下的 4 月份约 6 亿美元的高点相比，这一跌幅惊人地减少了 30%。

Halving Event Fails to Spur Price Rally

减半事件未能刺激价格上涨

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.

通常情况下，减半事件会减少进入市场的新代币的供应，往往会引发价格上涨。然而，就比特币现金而言，这种模式并未实现。相反，BCH 价格却面临巨大的抛售压力，自周一以来下跌了 15%，几乎抹去了减半日的所有涨幅。

Traders Exit BCH Amidst Uncertainty

交易员在不确定性中退出 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.

未平仓合约的持续下降表明，交易者因失去信心或转向观望而放弃了 BCH 市场。这种资金外流可能会进一步加剧 BCH 价格的抛售压力，有可能将其推至 550 美元以下。

BCH's Correlation with Bitcoin Remains a Wild Card

BCH 与比特币的相关性仍然是一个不确定因素

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.

如果旗舰加密货币价格大幅上涨，比特币现金与比特币的正相关性可能会吸引市场参与者重返市场。然而，考虑到当前波动的价格走势以及围绕 BCH 的负面情绪，这种反弹是否会发生仍不确定。

Continued Price Drops Possible

价格可能持续下跌

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.

随着持仓量持续减少，BCH的价格很可能会继续下跌。如果抛售压力持续存在，BCH 价格可能会跌破 550 美元，从而使未平仓合约水平恢复到 2024 年 1 月的水平。

Conclusion

结论

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.

比特币现金减半后的表现令人失望，价格和市场兴趣均大幅下跌。尽管减半事件未能引发预期的价格上涨，但未平仓合约的下降表明交易者对加密货币的前景失去了信心。尽管比特币价格走势存在潜在影响，但比特币现金的未来仍然不确定，在当前的市场环境下，价格进一步下跌的可能性更大。