比特币挖矿难度首次突破100T，小矿商压力加大

比特币算力（按 7 天移动平均线计算）上周创下 755 EH/s 的历史新高。

Bitcoin (BTC) mining difficulty hit a record high of 101.65 trillion (T) Monday, adding to pressure on smaller miners, who may not have as much cash available as their publicly traded rivals to keep their rigs going.

周一，比特币 (BTC) 挖矿难度创下 101.65 万亿 (T) 的历史新高，这加大了小型矿商的压力，这些矿商可能没有与公开交易的竞争对手一样多的现金来维持矿机运转。

Mining difficulty measures how hard it is to discover new blocks on the Bitcoin blockchain. The network automatically adjusts every 2,016 blocks, or roughly every two weeks. This year, difficulty has adjusted 23 times, almost 60% of the time has seen a positive adjustment which makes the process harder. The higher the difficulty, the more strain on the mining industry to produce a block.

挖矿难度衡量的是在比特币区块链上发现新区块的难度。网络每 2,016 个区块（或大约每两周）自动调整一次。今年，难度调整了23次，几乎60%的时间都是积极调整，难度加大。难度越高，采矿业生产区块的压力就越大。

As mining is an extremely competitive and capital-intensive industry, smaller or private companies, whose access to cash may be more constrained than their publicly traded rivals, might need to sell their bitcoin production to fund operations.

由于采矿业是一个竞争极其激烈的资本密集型行业，小型或私营公司可能比其上市竞争对手更难获得现金，因此可能需要出售其比特币生产来为运营提供资金。

Bitcoin's mining difficulty hit an all-time high. What does it mean for BTC price?

比特币挖矿难度创历史新高。这对 BTC 价格意味着什么？

Bitcoin's hashrate reached a new peak last week. Here's what this key metric can tell us about the state of the BTC market.

比特币的算力上周达到了新的峰值。以下是这个关键指标可以告诉我们的有关 BTC 市场状况的信息。

By Shaurya Malwa - Nov 28, 2023 at 8:06 p.m.

作者：Shaurya Malwa - 2023 年 11 月 28 日晚上 8:06

Updated Nov 28, 2023 at 8:06 p.m.

更新于 2023 年 11 月 28 日晚上 8:06

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Bitcoin’s (BTC) mining difficulty hit an all-time high of 101.65 trillion (T) Monday, adding to pressure on smaller miners, who may not have as much cash available as their publicly traded rivals to keep their rigs going.

周一，比特币 (BTC) 挖矿难度创下 101.65 万亿 (T) 的历史新高，这加大了小型矿商的压力，这些矿商可能没有与上市竞争对手一样多的现金来维持矿机运转。

Mining difficulty measures how hard it is to discover new blocks on the Bitcoin blockchain. The network automatically adjusts every 2,016 blocks, or roughly every two weeks. This year, difficulty has adjusted 23 times, almost 60% of the time has seen a positive adjustment which makes the process harder. The higher the difficulty, the more strain on the mining industry to produce a block.

挖矿难度衡量的是在比特币区块链上发现新区块的难度。网络每 2,016 个区块（或大约每两周）自动调整一次。今年，难度调整了23次，几乎60%的时间都是积极调整，难度加大。难度越高，采矿业生产区块的压力就越大。

As mining is an extremely competitive and capital-intensive industry, smaller or private companies, whose access to cash may be more constrained than their publicly traded rivals, might need to sell their bitcoin production to fund operations.

由于采矿业是一个竞争极其激烈的资本密集型行业，小型或私营公司可能比其上市竞争对手更难获得现金，因此可能需要出售其比特币生产来为运营提供资金。

Hashrate hits all-time high

算力创历史新高

Bitcoin’s hashrate hit a record high on a seven-day moving average of 755 EH/s last week. Hashrate is the computational power required to mine and process transactions on a proof-of-work blockchain. At the end of October, hashrate surged almost 12% in one day, one of the biggest rises year-to-date, according to Glassnode data.

比特币算力上周创下历史新高，七日移动平均线为 755 EH/s。算力是在工作量证明区块链上挖掘和处理交易所需的计算能力。根据 Glassnode 的数据，10 月底，算力在一天之内飙升近 12%，是今年迄今为止最大的涨幅之一。

Miners are, on average, spending 100% of the total mined supply. In October, there was a brief period of miners retaining a portion of their bitcoin, adding to treasury reserves after a massive depletion in August and September.

平均而言，矿工花费了开采总量的 100%。 10 月份，矿商曾短暂保留了部分比特币，在 8 月和 9 月大幅耗尽后，增加了金库储备。

In this current epoch, miners are mining, on average, 450 bitcoin a day. If the whole lot is sold, that amounts to roughly $31.5 million of sell-side pressure.

在当前时代，矿工平均每天开采 450 个比特币。如果全部出售，卖方压力约为 3,150 万美元。

Overall, this shows that miners are currently in a relatively healthy spot. The less they spend on the mined supply, the less sell-side pressure occurs.

总体而言，这表明矿工目前处于相对健康的状态。他们在开采供应上的支出越少，卖方压力就越小。

Bitcoin price stalls at $67.5K as traders anticipate next Federal Reserve meeting

由于交易员预计下一次美联储会议，比特币价格停滞在 67,500 美元

Bitcoin (BTC) price action stalled in a tight range Monday morning in Asia after hitting a record high the previous week.

比特币（BTC）价格走势在上周创下历史新高后，周一上午在亚洲陷入窄幅波动。

By Shaurya Malwa - Nov 28, 2023 at 7:14 p.m.

作者：Shaurya Malwa - 2023 年 11 月 28 日晚上 7:14

Updated Nov 28, 2023 at 7:14 p.m.

更新于 2023 年 11 月 28 日晚上 7:14

Bitcoin (BTC) price stalled at $67,420 at press time Monday after hitting a record high the previous week. Markets are now pricing in the next Federal Reserve meeting, while key on-chain metrics show that miners are selling almost all of their bitcoin production.

比特币 (BTC) 价格在上周创下历史新高后，截至周一发稿时止步于 67,420 美元。市场目前正在对下一次美联储会议进行定价，而关键的链上指标显示，矿商正在出售几乎所有的比特币产量。

BTC/USD hit a new peak of $68,660 on the Bitstamp exchange on Thanksgiving Day, as reported by CoinDesk 23 TV. The price fell sharply after hitting the new high, dropping to lows of $66,160 on major spot exchanges.

据 CoinDesk 23 TV 报道，感恩节当天，Bitstamp 交易所的 BTC/USD 触及 68,660 美元的新高。价格创出新高后大幅下跌，在主要现货交易所跌至66,160美元的低点。

After the Thanksgiving price action, BTC/USD began to consolidate in a tighter range. The relative strength index (RSI) on the daily chart showed a bearish divergence from the highs, which could indicate that bullish momentum is slowing down. If the price continues to consolidate, a breakout either above the Thanksgiving highs or below the recent lows could determine the next leg of the trend.

感恩节价格走势之后，比特币/美元开始在更窄的区间内盘整。日线图上的相对强弱指数（RSI）显示出与高点的看跌背离，这可能表明看涨势头正在放缓。如果价格继续盘整，突破感恩节高点或低于近期低点可能会决定下一阶段的趋势。

On lower time frames, a bullish setup formed on the four-hour chart, as the price broke out of a descending triangle pattern (white) and hit resistance at the downtrend line (red). A breakout from this level could lead

在较低的时间范围内，四小时图表上形成看涨格局，价格突破下降三角形形态（白色）并在下降趋势线（红色）处遇到阻力。突破该水平可能会导致