比特幣（BTC）的價格剛剛又超過了符號$ 100,000

比特幣剛剛再次跨越了100000美元的象徵意義，重新激發了投資者的樂觀情緒。分析師現在指出了一個新的歷史高度高於$ 110000

Bitcoin has just crossed the symbolic $100,000 mark again, reigniting investor optimism. Analysts are now eyeing a new all-time high above $110,000 by the end of May. But what factors are driving this renewed confidence?

比特幣剛剛再次跨越了象徵性的100,000美元大關，使投資者樂觀。到5月底，分析師現在正在關注新的歷史最高高於110,000美元的高度。但是，哪些因素正在推動這種新的信心？

The probability of Bitcoin exceeding $110,000 in May is increasing.

5月的比特幣超過110,000美元的可能性正在增加。

Bitcoin crossed the $100,000 mark earlier in May, sparking speculation of a continued rise.

比特幣在5月初越過了100,000美元的成績，引發了人們對持續上升的猜測。

According to Bitcoin Suisse, a renowned crypto custody services provider, Bitcoin’s strength lies in its unique ability to thrive in diametrically opposed economic contexts since Donald Trump’s victory.

蘇伊斯比特幣蘇伊斯（Bitcoin Suisse）表示，比特幣的實力在於自從唐納德·特朗普（Donald Trump）勝利以來，比特幣的實力在於其獨特的能力在截然反對的經濟環境中蓬勃發展。

The data from their “Industry Rollup” report highlights Bitcoin’s impressive Sharpe ratio (1.72). This financial indicator measures the risk-adjusted returns of an asset.

他們的“行業匯總”報告中的數據突出了比特幣令人印象深刻的夏普比（1.72）。該財務指標衡量了資產的風險調整後收益。

The higher this ratio, the more the investment is considered performing. In 2025, only gold surpasses Bitcoin on this criterion, demonstrating its growing maturity as an asset class.

該比率越高，投資的執行越多。在2025年，只有黃金在此標准上超過比特幣，表明其作為資產類別的成熟度越來越大。

Dominic Weibei, research director at Bitcoin Suisse, perfectly summarizes this versatility:

瑞士比特幣的研究總監Dominic Weibei完美地總結了這種多功能性：

Bitcoin has established itself as a true Swiss Army knife. Whether stocks rise or bonds collapse, BTC trades according to its own fundamentals, offering a win-win profile unmatched by traditional assets.

比特幣已將自己確立為真正的瑞士軍刀。無論是股票上漲還是債券崩潰，BTC都會根據其自己的基本面進行交易，提供傳統資產無與倫比的雙贏概況。

Unprecedented Institutional Demand

空前的機構需求

On May 7th, a significant turning point occurred: the cumulative 90-day volume delta of spot Bitcoin takers became predominantly buyer-side for the first time since March 2024. This indicator, which measures the net difference between buy and sell volumes, confirms sustained buying pressure.

5月7日，發生了一個重大的轉折點：自2024年3月以來，現貨比特幣的累積90天三角洲的累計數量主要成為買方。該指標衡量了買入和銷售量之間的淨差異，確認了持續的購買壓力。

This buying momentum is largely fueled by a massive influx of institutional capital. Spot Bitcoin ETFs have recorded over $4.5 billion in inflows since early April, creating considerable buying pressure in a market where supply remains limited.

這種購買勢頭在很大程度上是由大量機構資本湧入的。自4月初以來，現貨比特幣ETF的流入量超過45億美元，在供應量仍然有限的市場中造成了巨大的購買壓力。

Meanwhile, Fidelity Digital Assets, in its Q2 2025 “Signals” report, anticipates that Bitcoin is entering a new “acceleration phase.” According to Zack Wainwright, analyst at Fidelity, this phase is historically characterized by “high volatility and high profits.”

同時，Fidelity Digital Assets在其第二季度的“信號”報告中預計比特幣將進入新的“加速階段”。富達分析師扎克·溫賴特（Zack Wainwright）表示，這一階段在歷史上以“高波動性和高利潤”為特徵。

All in all, the combination of this growing institutional demand with Bitcoin’s versatility as a dual-purpose investment (hedge against inflation and growth asset) creates the ideal conditions to propel the BTC price beyond $110,000 as soon as this May.

總而言之，這一不斷增長的機構需求與比特幣作為雙重用途投資（抵抗通貨膨脹和增長資產的對沖）的多功能性的結合創造了理想的條件，可在5月在今年五月最快推動BTC價格超過110,000美元。