比特幣（BTC）市場正在密切跟踪即將舉行的政治活動

Bitfinex分析師重點介紹了唐納德·特朗普總統的100天講話是加密的潛在拐點。

President Donald Trump's 100-day address is closely being tracked by Bitcoin markets, especially amid a tightening on-chain supply and a setup that may favor a breakout, according to Bitfinex analysts.

Bitfinex分析師說，唐納德·特朗普總統的100天講話正在由比特幣市場密切追踪，尤其是在緊縮的鏈上供應和可能有利於突破的設置中。

Investors are awaiting any signals of alignment between U.S. policy and Bitcoin's future role in the economy, particularly in terms of a strategic crypto reserve, deregulatory measures to encourage capital flows into U.S. digital asset platforms, or rhetoric positioning Bitcoin as a component of America's financial infrastructure.

投資者正在等待美國政策與比特幣在經濟中的未來作用之間的一致性信號，尤其是在戰略加密儲備儲備方面，鼓勵資本流入美國數字資產平台的放鬆措施，或將比特幣定位為美國金融基礎設施的組成部分。

Even absent direct policy changes, a supportive tone could serve to legitimize Bitcoin further among both institutional and retail traders, the analysts noted.

分析師指出，即使沒有直接的政策變化，支持性語調也可以在機構和零售商人之間進一步使比特幣合法化。

"The upcoming 100-day address from President Trump is garnering outsized attention within the crypto space," they wrote in a note on Wednesday.

他們在周三的一份報告中寫道：“特朗普總統即將到來的100天講話正在加密貨幣領域引起人們的關注。”

"Even without hard policy action, a tone that reinforces institutional legitimacy or economic nationalism through crypto could further embed Bitcoin into the macro-political narrative."

“即使沒有艱難的政策行動，通過加密來增強制度合法性或經濟民族主義的語氣也可以將比特幣進一步嵌入到宏觀政治敘事中。”

This anticipation comes amid a tightening on-chain supply of Bitcoin, with exchange deposits now at multi-week lows, indicating less selling pressure and more self-custody behavior.

這一期望是在比特幣的鍊鍊供應緊縮的情況下出現的，現在的交換礦床現在處於多周低點，表明銷售壓力較小和自我抑制行為更多。

While Bitfinex clarified that this metric shouldn't be viewed in isolation for making investment decisions, it does combine with recent macro volatility and the aftermath of a $7.2 billion options expiry to suggest a setup similar to past bullish breakouts.

儘管Bitfinex澄清說，不應孤立地觀察該指標以製定投資決策，但它確實與最近的宏觀波動率相結合，以及72億美元期權到期的後果，以提出與過去的看漲障礙類似的設置。

The divergence between stable prices and decreasing exchange balances has historically been a prelude to upside moves, especially when accompanied by persistent demand from ETFs and institutions, the analysts added.

分析師補充說，穩定價格和降低的交換餘額之間的差異一直是上升行動的前奏，尤其是在伴隨ETF和機構需求持續需求時。