比特幣（BTC）的價格達到了新歷史最高高於$ 109,000，這是向機構採用的信號轉變

比特幣的迅速崛起繼續了本週不可阻擋的軌跡，全球最大的加密貨幣在109,400美元以上達到了新的紀錄。

Bitcoin price broke to a new all-time high of $109,400 during U.S. morning trade on Thursday, hitting the milestone rate for the first time in seven months.

比特幣價格在周四的美國早晨交易中達到了新的109,400美元的新歷史高價，這是七個月來首次達到里程碑式的速度。

The largest and oldest cryptocurrency rose to $109,486 according to the Brave New Coin Bitcoin Liquid Index, surpassing the previous record set just hours before President Trump’s inauguration on January 20.

根據勇敢的新硬幣比特幣液體指數，最大，最古老的加密貨幣上升至109,486美元，超過了先前的紀錄，就在特朗普總統1月20日就職典禮之前。

This latest milestone represents a 46% surge from its April trough induced by mounting fears over global trade war and U.S. tariffs, highlighting Bitcoin’s remarkable resilience and growing institutional acceptance.

這一最新的里程碑是由於對全球貿易戰和美國關稅的恐懼越來越多，其4月份的潮流激增了46％，這強調了比特幣的非凡韌性和日益增長的機構接受。

At the same time, the current price surge has been largely fueled by unprecedented institutional demand. Spot bitcoin exchange traded funds (ETF) gobbled up $3.6 billion in net inflows in May, signaling renewed confidence among traditional investors.

同時，目前的價格漲幅在很大程度上是由前所未有的機構需求推動的。現貨比特幣交易所交易基金（ETF）在5月吞噬了36億美元的淨流入，這表明傳統投資者之間的信心恢復了信心。

This marks a dramatic turnaround from earlier in the year when ETFs saw significant outflows, and as of May 16, cumulative inflows into U.S. spot Bitcoin ETFs pulled in more than $2.8 billion.

這標誌著年初ETF看到大量外流的戲劇性轉變，截至5月16日，進入美國比特幣ETF的累積流入超過28億美元。

The iShares Bitcoin Trust (IBIT) has been leading the charge, with BlackRock’s iShares contributed 1,250 Bitcoins to the total inflow, bringing its total Bitcoin holdings to 633,212, worth $66.28 billion.

iShares比特幣信託基金（IBIT）一直領先於這項指控，貝萊德的iShares貢獻了1,250個比特幣，使其總流入量，其總比特幣持有量達到633,212，價值662.8億美元。

The sustained institutional buying has created what analysts describe as a more durable foundation for Bitcoin’s current rally compared to previous speculative runs.

與以前的投機性運行相比，持續的機構購買創造了分析師所說的比特幣當前集會更耐用的基礎。

Bitcoin: Technical Strength and Price Targets

比特幣：技術實力和價格目標

From a technical perspective, Bitcoin’s strength is evident in its sustained upward momentum. Bitcoin hit a new all-time high of $109,458 on Binance and reached a peak of $109,678 on Bitstamp.

從技術的角度來看，比特幣的實力在其持續的向上勢頭中顯而易見。比特幣的二手幣在Binance上達到了新的109,458美元，並在BitStamp上達到了109,678美元的高峰。

This marks seven consecutive green weekly candles in a row since the price bounced from its swing low of $74,500.

這是連續七個綠色每週蠟燭，因為價格從其鞦韆低至74,500美元的價格彈起。

If Bitcoin closes the current weekly candle above $106,500 on May 25, it will mark its longest streak of consecutive green weekly closes since October 2023, highlighting the strength of the current bullish momentum.

如果比特幣在5月25日關閉了當前的每週蠟燭以上的$ 106,500，它將標誌著自2023年10月以來，它將連續綠色每週結束最長的連勝紀錄，從而突出了當前的看漲勢頭的實力。

Capitalization metrics are also reaching new heights, with Bitcoin’s market cap and realized cap also achieving new highs of $2.17 trillion and $911.5 billion, according to Glassnode data.

根據GlassNode的數據，資本化指標還達到了新的高度，比特幣的市值和CAP還達到了2.17萬億美元和9115億美元的新高點。

Several prominent analysts are calling for significantly higher prices throughout 2025:

幾位著名的分析師呼籲整個2025年的價格明顯更高：

• Ben Lilly, an analyst at the crypto hedge fund Arcaro, is targeting a price of $135,000 by the end of the year.

•加密對沖基金Arcaro的分析師Ben Lilly的目標是到今年年底的價格為13.5萬美元。

• Alphractal CEO João Wedson sees potential for Bitcoin to reach $300,000 in 2025.

•Alphractal首席執行官JoãoWedson認為比特幣在2025年達到300,000美元。

• Standard Chartered bank is also projecting a year-end price of $110,000 for Bitcoin.

•標準特許銀行還預計比特幣的年終價格為110,000美元。

At the same time, the crypto community’s price targets for Bitcoin remain remarkably bullish.

同時，加密貨幣社區的比特幣價格目標仍然非常看漲。

Corporate treasury adoption continues to provide fundamental support for Bitcoin’s price. A slew of bitcoin-focused treasury companies, including Michael Saylor’s MicroStrategy and newly-launched firm Twenty One Capital added to the buying spree, helping lift BTC to a new record.

公司財政部採用繼續為比特幣價格提供基本支持。包括邁克爾·塞勒（Michael Saylor）的微型保險箱和新推出的公司二十一家資本在內，包括邁克爾·賽勒（Michael Saylor）的一系列以比特幣為重點的財政部公司增加了購買，這有助於將BTC提升為新的記錄。

This corporate treasury trend represents a structural shift in how businesses view Bitcoin as a legitimate treasury asset, providing additional buying pressure beyond traditional retail and institutional investors.

這一公司財政趨勢代表了企業如何將比特幣視為合法財政資產的結構性轉變，從傳統零售和機構投資者中提供了額外的購買壓力。

Positive regulatory shifts in the U.S. have further supported the market, lending legitimacy of digital assets as an asset class for investors. Additionally, the U.S. Senate this week advanced a bill to regulate stablecoins while several states and sovereign nations are moving forward with legislation to create bitcoin reserves.

美國的積極監管轉變進一步支持了市場，將數字資產作為投資者的資產類別的合法性。此外，美國參議院本週提出了一項法案，以規範穩定股，而幾個州和主權國家正在通過立法前進以創建比特幣儲備。

The technical breakout has been accompanied by significant forced buying from short liquidations. Bitcoin on Binance recorded its largest short liquidation yet over the past 24 hours.

技術突破伴隨著大量的強制性購買。 Binance上的比特幣記錄了過去24小時內最大的短清算。

Shifting sentiment saw short traders losing $66.3 million within this period as Bitcoin jumped from $103,195 to $105,535.

不斷變化的情緒使短貿易商在此期間損失了6630萬美元，因為比特幣從103,195美元躍升至105,535美元。

Short liquidation tends to open the door for further market rallies, as it indicates likely new capital inflow into the market, fueling momentum, according to market analysis.

根據市場分析，短暫的清算傾向於為進一步的市場集會打開大門，因為這表明可能會進入市場的新資本流入，從而助長了勢頭。

Potential Headwinds on the Horizon

潛在的逆風在地平線上

Despite the bullish momentum, some analysts are warning of potential selling pressure ahead.

儘管有看漲的動力，但一些分析師仍警告未來的潛在銷售壓力。

Market data suggests investors may be moving their Bitcoin because new market data suggests it is overbought, with Bitcoin crossing the 70-line mark on the chart, meaning its current market price is far higher than its intrinsic value.

市場數據表明，投資者可能正在移動其比特幣，因為新的市場數據表明它的購買力過高，比特幣在圖表上越過70線標記，這意味著其當前市場價格遠高於其內在價值。

Additionally, Alphractal CEO João Wedson recommended caution and patience for investors, noting that BTC heatmaps reveal price movement toward high-leverage zones, suggesting market makers may target overconfident traders for liquidations.

此外，Alphractal首席執行官JoãoWedson建議對投資者謹慎和耐心，並指出BTC Heatmaps揭示了向高槓桿區域的價格轉移，這表明做市商可能會針對過度自信的交易員進行清算。

What sets this rally apart from previous Bitcoin surges is its apparent institutional foundation.

這次集會與以前的比特幣浪潮不同的是其明顯的機構基礎。

Analysts suggested that the current rally is more sustainable than previous ones, citing favorable financial conditions, stablecoin flows and

分析師認為，目前的集會比以前的集會更可持續，理由是有利的財務狀況，Stablecoin流動和