比特幣（BTC）價格預測：BTC隨著機構需求激增而達到新的歷史最高點

比特幣最近上升的最大原因是大量資金流入了美國的現貨比特幣ETF。

Bitcoin price rose sharply this week, continuing last week’s breakout from the flat trading range and reaching a new high of $111,954. It had held strong around the $102,000 level last week, and its rise was driven by several factors. Technical indicators showed an ongoing upward trend, while more interest from big investors and positive regulatory news flowed through. Moreover, better overall economic conditions also supported the cryptocurrency’s rally.

比特幣的價格本週急劇上漲，上週從平坦的交易系列中進行了突破，並達到了111,954美元的新高點。上週，它在102,000美元的水平上保持了強勁的態度，其上升是由幾個因素驅動的。技術指標顯示出持續的上升趨勢，而大投資者和積極的監管新聞的更多興趣流向了。此外，更好的整體經濟狀況也支持加密貨幣的集會。

Institutional Demand Is Key to Bitcoin’s Recent Rise

機構需求是比特幣最近上升的關鍵

The biggest reason for Bitcoin’s recent rise is the large flow of money into US-based spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust ETF (NYSE:IBIT) has become the largest institutional Bitcoin fund in the world, now holding over 636,000 BTC.

比特幣最近上升的最大原因是大量資金流入了美國的現貨比特幣ETF。貝萊德（Blackrock）的iShares比特幣信託ETF（紐約證券交易所：IBIT）已成為世界上最大的機構比特幣基金，現在擁有超過636,000的BTC。

Major financial firms like JPMorgan, Fidelity, and Charles Schwab are now including Bitcoin in their client portfolios, highlighting a shift from viewing Bitcoin as a speculative asset to using it as a strategic reserve tool.

摩根大通，富達和查爾斯·施瓦布（Charles Schwab）等主要金融公司現在在其客戶投資組合中包括比特幣，突出了從將比特幣視為投機性資產轉變為將其用作戰略儲備工具的轉變。

In addition to this, ongoing Bitcoin purchases by Strategy and large buys by Japan-based Metaplanet are other key factors that are aiding in propelling the cryptocurrency price upwards.

除此之外，策略的持續購買和日本基於日本的大量購買的比特幣是有助於推動加密貨幣價格向上推動的其他關鍵因素。

Trump’s Crypto Approach Supports Uptrend

特朗普的加密方法支持上升趨勢

This year, US President Donald Trump’s “Strategic Bitcoin Reserve” decree, which recognized Bitcoin as a strategic national asset alongside gold, was well received by the market.

今年，美國總統唐納德·特朗普（Donald Trump）的“戰略比特幣儲備”法令將比特幣視為與黃金同行的戰略國家資產，受到市場的好評。

Moreover, the first “Crypto Summit” at the White House demonstrated strong political support for crypto assets.

此外，白宮的第一次“加密峰會”表現出對加密資產的強烈政治支持。

The bipartisan compromise on stablecoin regulations shows that the US is moving to establish clearer laws for the crypto sector. This measure boosts investor confidence and reduces the perceived systemic risk.

兩黨對Stablecoin法規的妥協表明，美國正在為加密部門製定更清晰的法律。這項措施增強了投資者的信心，並降低了感知到的全身風險。

Macro Developments Increase Risk Appetite

宏開發增加風險食慾

Positive global signals, such as Trump postponing tariffs for 90 days and the US-UK trade deal being finalized, encouraged investors to shift towards riskier assets. This development helped Bitcoin to break through the psychological barrier of $100,000 this month.

積極的全球信號，例如特朗普推遲了90天的關稅，並確定了US-UK貿易協議，鼓勵投資者轉向風險較高的資產。這種開發有助於比特幣打破本月的100,000美元的心理障礙。

As Bitcoin price rose, the total cryptocurrency market cap reached $3.5 trillion. However, it still falls short of the $3.7 trillion record from December 2024, indicating that altcoins have underperformed compared to Bitcoin.

隨著比特幣價格上漲，加密貨幣市值達到3.5萬億美元。但是，從2024年12月起，它仍未達到37萬億美元的記錄，這表明與比特幣相比，AltCoins的表現不佳。

On-Chain Data Shows Profit Selling Levels

鏈上數據顯示了銷售水平

CryptoQuant data reveals that 4,435 BTC moved to Binance after yesterday’s record high, suggesting that short-term traders might be preparing to sell their profits.

加密數據顯示，在昨天的創紀錄高度之後，有4,435 BTC轉向了Binance，這表明短期交易者可能正在準備出售其利潤。

Despite this, the 30-day net flow to crypto exchanges remains negative, indicating that long-term investors are holding onto their investments.

儘管如此，加密交易所的30天淨流量仍然為負，表明長期投資者正在持有投資。

Other on-chain indicators, such as the realized cap ratio and dormancy, show some selling pressure. However, the intensity is weaker than last year’s profit-taking activities, which supports the view that the upward trend could continue.

其他鏈上指標（例如已實現的上限比和休眠）顯示出一些銷售壓力。但是，強度比去年的獲利活動弱，這支持了向上趨勢可能繼續的觀點。

Record Open Positions in Futures and Options

記錄期貨和期權的開放位置

CoinGlass data shows that open positions in the Bitcoin futures market have topped $80 billion, reaching record levels. This finding suggests that many investors are expecting prices to keep rising.

Coinglass數據顯示，比特幣期貨市場中的公開頭寸超過800億美元，達到了創紀錄的水平。這一發現表明，許多投資者期望價格繼續上漲。

However, high leverage could trigger sudden liquidations if a correction occurs, potentially making price drops steeper.

但是，如果發生校正，高槓桿可能會觸發突然的清算，這可能會使價格下降更加陡峭。

In the options market, Deribit reports over $5 billion in open positions between $110,000 and $130,000. The put/call ratio for about $2.76 billion of contracts expiring today is above 1, signaling that short-term selling pressure is increasing.

在期權市場中，Deribit報告的公開頭寸超過50億美元在110,000美元至130,000美元之間。今天到期的合同約為27.6億美元的期權/呼叫比率高於1，這表明短期銷售壓力正在增加。

Bitcoin’s Technical Outlook

比特幣的技術前景

Bitcoin paused briefly between $102,000 and $106,000 last week during its steady climb. At the start of the new week, it tested the $106,000 resistance, bounced off the $102,000 support level, and surged higher with strong buying from that zone.

上週，比特幣在穩定的攀登期間短暫停留在102,000美元至106,000美元之間。在新一周開始時，它測試了106,000美元的電阻，從102,000美元的支持水平中彈起，並通過從該區域進行大量購買而飆升更高。

The upward trend continued throughout the week but slowed near the $111,000 mark. Still, technical signals suggest more gains ahead. The next target range on the daily chart lies between $114,600 and $125,400, with $114,000 expected to be a key resistance level soon.

整個星期的上升趨勢繼續持續，但在111,000美元的大關接近速度。儘管如此，技術信號仍暗示了更多的收益。每日圖表上的下一個目標範圍在114,600美元至125,400美元之間，預計將很快成為關鍵阻力水平。

Support Levels and Possible Pullbacks

支持級別和可能的回調

After easing during last week’s brief consolidation, the Stochastic RSI has turned upward again, reinforcing the uptrend with technical support. The short- and medium-term exponential moving averages (EMAs) have remained positive since the trend reversal in April.

在上週短暫的合併中放鬆後，隨機RSI再次向上轉動，並通過技術支持加強了上升趨勢。自4月份趨勢逆轉以來，短期和中期指數式移動平均（EMA）一直保持積極。

There isn’t strong resistance up to the $114,000 level, although profit-taking might trigger a pullback, increasing the chance of a trend backtest. In this case, the 8-day EMA around $108,000 could provide support for short-term dips. If the decline extends to $106,000, a short-term correction lasting

儘管獲利可能會引起回調，但增加了趨勢回歸測試的機會，但沒有強大的抵抗力達到114,000美元的水平。在這種情況下，為期8天的EMA約108,000美元可以為短期下降提供支持。如果下降延長至106,000美元，則短期更正持續