比特幣（BTC）於2025年5月以更新的動力進入，在過去30天內增長了14％以上

比特幣（BTC）於2025年5月以更新的勢頭進入，在過去30天中增長了14％，而交易僅比關鍵$ 100,000的交易量僅低6.3％。

Bitcoin (BTC) price has risen by over 14% in the past 30 days and now trades just 6.3% below the key $100,000 mark as apparent demand turns positive.

在過去的30天中，比特幣（BTC）的價格上漲了14％以上，現在，由於需求明顯的需求呈正變，現在的價格僅比關鍵$ 100,000的交易價格降低了6.3％。

However, fresh inflows, especially from U.S.-based ETFs, remain largely subdued compared to 2024 levels, suggesting that institutional conviction has yet to fully return.

但是，與2024年的水平相比，新的流入量，尤其是來自美國ETF的新鮮流入，這表明機構定罪尚未完全返回。

According to Tracy Jin, COO of MEXC, if current conditions hold, a summer rally toward $150,000 is plausible, with sentiment turning increasingly bullish.

根據MEXC的首席運營官Tracy Jin的說法，如果目前的狀況成立，夏季集會向150,000美元來說是合理的，情緒越來越看漲。

Bitcoin Apparent Demand Turns Positive, But Fresh Inflows Still Lacking

比特幣的需求顯然會呈陽性，但是新鮮流入仍然缺乏

Bitcoin's apparent demand has shown clear signs of recovery recently, increasing to 65,000 BTC over the past 30 days. This marks a sharp rebound from the trough on March 27, when apparent demand—defined as the net 30-day change in holdings across all investor cohorts—reached a deeply negative level of -311,000 BTC.

比特幣的明顯需求最近顯示出恢復的明顯跡象，在過去的30天內增加到65,000 BTC。這標誌著3月27日的低谷的急劇反彈，當時明顯的需求被定義為所有投資者同伙的淨持有量為30天，其淨值為-3.11,000 BTC。

Apparent demand reflects the aggregated balance shifts across wallets and provides insight into whether capital is entering or exiting the Bitcoin network.

明顯的需求反映了整個錢包的總體平衡變化，並提供了有關資本是進入還是退出比特幣網絡的洞察力。

While the current demand level is still well below earlier peaks in 2024, a meaningful inflection point occurred on April 24: Bitcoin's apparent demand turned positive and has remained positive for six consecutive days after nearly two months of sustained outflows.

雖然目前的需求水平仍遠低於2024年的早期峰值，但4月24日發生了一個有意義的拐點：比特幣的明顯需求轉向了積極的趨勢，並且在持續持續的流出後近兩個月後，比特幣連續六天保持正向。

Despite this improvement, broader demand momentum remains weak.

儘管有這種改善，但需求勢頭更大。

The continued lack of significant new inflows suggests that most of the recent accumulation may be driven by existing holders rather than fresh capital entering the market.

持續缺乏重大的新流入表明，最近的大部分積累可能是由現有持有人驅動的，而不是進入市場的新資本。

For Bitcoin to mount a sustainable rally, both apparent demand and demand momentum must show consistent and synchronized growth. Until that alignment occurs, the current stabilization may not support a strong or prolonged price breakout.

為了使比特幣進行可持續的集會，明顯的需求和需求勢頭都必須表現出一致和同步的增長。在對齊發生之前，目前的穩定可能無法支持強勁或延長的價格突破。

US Spot Bitcoin ETF Inflows Still Far Below 2024 Levels

美國現場比特幣ETF流入遠低於2024級

Bitcoin purchases from U.S.-based ETFs have remained largely flat since late March, fluctuating between daily net flows of -5,000 to +3,000 BTC.

自3月下旬以來，從美國的ETF購買比特幣基本上保持平坦，每日淨流量為-5,000至+3,000 BTC。

This activity level sharply contrasts with the strong inflows seen in late 2024, when daily purchases frequently exceeded 8,000 BTC and contributed to Bitcoin's initial rally toward $100,000.

該活動水平與2024年底的強勁流入形成鮮明對比，當時每日購買經常超過8,000 BTC，並促成了比特幣的最初集會至100,000美元。

So far in 2025, BTC ETFs have collectively accumulated a net total of 28,000 BTC, which is significantly less than the more than 200,000 BTC they had purchased by this point last year.

到目前為止，在2025年，BTC ETF共同積累了28,000個BTC的淨淨值，這顯著少於去年購買的200,000多個BTC。

This decline shows a slowdown in institutional demand, which has historically been key in driving major price movements.

這種下降顯示機構需求的放緩，這在歷史上一直是推動主要價格變動的關鍵。

There are early signs of a modest rebound, with ETF inflows beginning to tick higher recently. However, current levels remain insufficient to fuel a sustained uptrend.

早期的反彈有早期的跡象，最近ETF的流入開始更高。但是，目前的水平仍然不足以助長持續上升趨勢。

ETF activity is often viewed as a proxy for institutional conviction, and a notable increase in purchases would likely signal renewed confidence in Bitcoin's medium-term trajectory.

ETF活動通常被視為機構定罪的代理，並且購買的顯著增加可能會提高對比特幣中期軌蹟的信心。

Until those inflows return in force, the broader market may struggle to generate the momentum needed for a prolonged rally.

在這些流入恢復有效之前，更廣泛的市場可能難以產生長期集會所需的勢頭。

Bitcoin Nears $100,000 As Momentum Builds Despite Macro Pressure

儘管宏觀壓力，但比特幣接近100,000美元

Bitcoin price has gained over 14% in the past 30 days, showing strength as it trades just 6.3% below the key $100,000 mark.

在過去的30天中，比特幣的價格上漲了14％以上，表現出了強度，因為它的交易僅低6.3％，低於100,000美元。

This relative resilience comes amid broader macroeconomic volatility and policy-driven pressures, including Trump's tariff measures that have weighed on risk assets.

這種相對的韌性是由於更廣泛的宏觀經濟波動和政策驅動的壓力，包括特朗普對風險資產的關稅措施。

While the entire crypto market has felt the impact, Bitcoin appears to be detaching slightly, showing less sensitivity to these external shocks than other digital assets.

儘管整個加密貨幣市場都感受到了影響，但比特幣似乎略有脫離，對這些外部衝擊的敏感性比其他數字資產較少。

Apparent demand, which tracks the net 30-day change in BTC holdings across all investor cohorts, recently turned positive on April 24.

明顯的需求跟踪了所有投資者隊列中BTC持有的30天淨變化的需求，最近在4月24日變成了積極的態度。

This shift in on-chain behavior is significant as it signals that capital is slowly flowing back into the Bitcoin network after a period of sustained outflows, which began late last February.

鏈上行為的這種轉變非常重大，因為它表明在一段持續的流出時期，資本開始慢慢流回比特幣網絡，該持續流出開始於去年2月下旬。

However, fresh inflows remain largely subdued compared to 2024 levels, suggesting that institutional conviction has yet to fully return.

但是，與2024年級相比，新鮮流入仍然很大程度上柔和，這表明機構定罪尚未完全恢復。

According to Tracy Jin, COO of MEXC, sentiment is turning positive again as Bitcoin shows strength.

根據MEXC的首席運營官Tracy Jin的說法，由於比特幣表現出強度，情感再次變得積極。

"Beyond immediate price action, the growing institutional appetite and shrinking supply mechanisms against the macroeconomic uncertainty backdrop point to a structural shift in Bitcoin's role within the global financial market. BTC is used to hedging against inflation and the fiat-based financial model. Its liquidity, scalability, programmability, and global accessibility offer a reliable modern alternative to traditional financial instruments for many corporations,” Jin said.

“除了立即採取價格行動之外，對宏觀經濟不確定性背景的越來越多的機構食慾和供應機制不斷增長，指向比特幣在全球金融市場中作用的結構性轉變。BTC用於抵抗通貨膨脹的對沖和基於菲亞特的金融模型，其流動性，可言度和全球的綜合儀器為許多公司提供了替代性的替代品。

According to Jin, a summer rally towards $150,000 is plausible. She stressed that the $95,000 range will likely become a launch point for the brewing decisive breakout above $100,000 in the coming days.

根據金的說法，夏季集會向150,000美元是合理的。她強調，在未來幾天，耗資95,000美元的範圍可能會成為超過100,000美元的釀造決定性突破的發射點。

” Should global trade tensions stabilize further and

”全球貿易緊張局勢應該進一步穩定並