比特幣爆炸過時的高度：這種激增的可持續性嗎？

比特幣達到了新的歷史最高水平，但礦工活動和槓桿交易提出了問題。這是為了持久而建立的集會，還是在地平線上進行了更正？

Bitcoin Blasts Past All-Time High: Is This Surge Sustainable?

比特幣爆炸過時的高度：這種激增的可持續性嗎？

Bitcoin is on a tear! Surpassing its previous peak, BTC reached a new all-time high of $118,254. But with increased miner activity and leveraged trading, some analysts are wondering if this rally can last.

比特幣在流淚！ BTC超過了先前的峰值，其歷史最高額為118,254美元。但是，隨著礦工活動和槓桿交易的增加，一些分析師想知道這次集會是否可以持續。

Breaking Records: Bitcoin's Latest Surge

破壞記錄：比特幣的最新潮

After breaking through the $112,000 barrier, Bitcoin entered uncharted territory, signaling strong bullish momentum. This breakout confirms what many have been anticipating: a new expansive rally. With a psychological and technical barrier cleared, analysts believe this move could mark the beginning of Bitcoin’s next major climb.

在突破了112,000美元的障礙之後，比特幣進入了未知領域，標誌著強烈的看漲勢頭。這次突破證實了許多人一直在預期的事情：一個新的廣泛集會。隨著心理和技術障礙的清除，分析師認為，這一舉動可以標誌著比特幣下一個主要攀登的開始。

Miner Activity: Profit-Taking or Something More?

礦工活動：獲利或更多？

As Bitcoin crossed $118,000, analysts observed a notable increase in miner activity, with transfers to exchanges marking the first such increase since May 23. This suggests miners are capitalizing on recent gains to secure profits. However, it remains to be seen whether this increased exchange flow will lead to heavier selling and introduce volatility into the market.

隨著比特幣越過118,000美元，分析師觀察到了礦工活動的顯著增加，轉移以自5月23日以來的交換標誌著這一數字。這表明礦工正在利用最近的收益以確保利潤。但是，這種增加的交換流量是否會導致銷售較重並將波動引入市場還有待觀察。

Leveraged Traders: Riding the Wave

槓桿交易者：騎行

The derivatives market is also heating up, with open interest surging by 24% in early July. This coincides with Bitcoin's breakout, reflecting renewed leveraged interest. While positive funding rates indicate bullish sentiment, analysts caution that this positioning can become precarious if momentum slows, increasing the risk of a long squeeze.

衍生品市場也在加熱，7月初開放興趣增長了24％。這與比特幣的突破相吻合，反映了新的利用興趣。雖然積極的資金率表明看漲的情緒，但分析師謹慎地說，如果動量減慢，這種定位會變得不穩定，從而增加了長時間擠壓的風險。

The Road Ahead: $130K and Beyond?

前方的道路：$ 130K及以後？

Top analysts are eyeing the $130,000 level as the next potential target. Using the MVRV oscillator, historical data suggests that Bitcoin tends to face its first wave of meaningful selling pressure around the 2.75 MVRV level, which correlates to approximately $130,900. Until then, the breakout sets the stage for a potential leg higher, with bulls now in control, pushing toward price discovery and a possible test of the $130K zone.

頂級分析師將$ 130,000的水平視為下一個潛在目標。使用MVRV振盪器，歷史數據表明，比特幣傾向於面對2.75 MVRV水平的第一波有意義的銷售壓力，該銷量約為130,900美元。在此之前，突破為潛在的腿部較高的舞台設定了舞台，現在公牛掌控了價格，推動了價格發現，並可能對13萬美元的區域進行測試。

BTCFi and Bitcoin's Core Values

BTCFI和比特幣的核心價值

As Bitcoin Finance (BTCFi) gains traction, maintaining Bitcoin's core principle of neutrality is crucial. Steering BTCFi by political and institutional forces risks centralization, undermining Bitcoin's utility as a neutral global store of value. The Bitcoin community must prioritize political neutrality to ensure BTCFi remains a decentralized and empowering system.

隨著比特幣金融（BTCFI）獲得吸引力，維持比特幣的中立原理至關重要。政治和機構力量的指導BTCFI風險集中，這破壞了比特幣的效用作為中立的全球價值存儲。比特幣社區必須優先考慮政治中立，以確保BTCFI仍然是分散和授權的系統。

What Does This Mean for You?

這對您意味著什麼？

The future of Bitcoin looks bright, but it's essential to stay informed and cautious. Whether you're a seasoned investor or just dipping your toes into the crypto world, understanding the market dynamics and potential risks is key. So buckle up, keep an eye on those charts, and remember – it’s always a wild ride in the world of Bitcoin!

比特幣的未來看起來很光明，但要保持知情和謹慎至關重要。無論您是經驗豐富的投資者，還是只是將腳趾浸入加密貨幣世界，了解市場動態和潛在風險都是關鍵。因此，搭扣，關注這些圖表，並記住 - 在比特幣世界中，這總是一個瘋狂的旅程！