比特幣（BTC）的價格提高了，上週上漲了9.01％，交易價格為103,276美元

比特幣再次提高，僅在一周內上漲了9.01％，現在以103,276美元的價格交易。現在，它僅比其一月峰值僅5.45％。

Bitcoin (BTC) is continuing its climb, adding 9.01% over the past week to reach $103,276 by 07:37 ET (11:37 GMT). From January’s peak, the cryptocurrency is now just 5.45% away.

比特幣（BTC）正在繼續攀登，在過去一周中增加了9.01％，達到103,276美元，到07:37 ET（GMT 11:37）。從一月份的高峰起，現在的加密貨幣僅為5.45％。

Over the past month, the cryptocurrency has climbed more than 21%, suggesting that fresh confidence is building in both digital and traditional financial domains.

在過去的一個月中，加密貨幣攀升了21％以上，這表明在數字和傳統金融領域都建立了新的信心。

One event that may have fueled this optimism occurred on May 12, when over 3,000 BTC, valued at roughly $312 million at current prices, was pulled from Binance (NASDAQ:BNB).

5月12日，可能激發了這種樂觀的一個事件，當時以當前價格為3,000多個BTC，價值約3.12億美元，從Binance（NASDAQ：BNB）中撤出。

As Amr Taha, an analyst at CryptoQuant, pointed out, this is one of the largest single-day Bitcoin outflows from the exchange in recent months.

正如CryptoQuant的分析師Amr Taha指出的那樣，這是最近幾個月交易所最大的單日比特幣流出之一。

This withdrawal coincided with the United States and China announcing a new tariff agreement. The development helped to boost the U.S. stock market, where the S&P 500 rose over 3%.

這次撤回恰逢美國和中國宣布新的關稅協議。該開發項目有助於提高美國股票市場，標準普爾500指數上漲了3％以上。

Investors across different markets responded by adjusting their positions in tandem with the shifting economic sentiment.

各個市場的投資者通過調整其與經濟不斷變化的情緒協同的地位來做出回應。

A Close Look At The Numbers

仔細觀察數字

The timing of this large Bitcoin movement suggests more than mere coincidence.

這種大型比特幣運動的時機不僅僅是巧合。

Taha’s research indicates that Binance’s BTC holdings have been steadily decreasing—from 595,000 BTC in late February to 541,400 BTC by mid-May. This consistent reduction in reserves could be interpreted as more holders choosing to move their assets.

塔哈（Taha）的研究表明，Binance的BTC持有量一直在穩步下降 - 從2月下旬的595,000 BTC到541,400 BTC，到了541,400 BTC。儲備金的這種一致減少可以解釋為更多的持有人選擇移動其資產。

They are transferring their coins off exchanges, possibly into private wallets or cold storage.

他們將硬幣從交換中轉移到私人錢包或冷藏庫中。

These types of shifts usually suggest that people don’t plan to sell their coins any time soon. When investors pull their Bitcoin off trading platforms, it’s usually seen as a sign that they want to hold for longer periods.

這些類型的轉變通常表明人們不打算盡快出售其硬幣。當投資者將比特幣從交易平台上撤出時，通常被視為他們想持有更長時期的標誌。

This also reduces the available supply on the market, which can help to reduce short-term selling pressure and support further price gains.

這也減少了市場上的可用供應，這可以幫助減少短期銷售壓力並支持進一步的價格上漲。

Amr added that this recent outflow may reflect investors reacting to macroeconomic changes. Improved trade relations between the U.S. and China seemed to lift overall investor morale, and Bitcoin benefited from that momentum.

AMR補充說，最近的流出可能反映了投資者對宏觀經濟變化的反應。美國和中國之間的貿易關係改善似乎提高了整體投資者的士氣，比特幣受益於這種勢頭。

Bitcoin Fear & Greed Index

比特幣恐懼和貪婪指數

Despite the rising price, the Bitcoin Fear & Greed Index now stands at 70—still shy of the “extreme greed” range.

儘管價格上漲，但比特幣的恐懼和貪婪指數現在仍處於70處，但仍遠遠超過“極端貪婪”範圍。

This indicator, devised by Alternative, measures market emotion using volatility, volume, and other variables. At present, the reading indicates that investors are certainly greedy, but not to an excessive degree.

通過替代性設計的該指標可以使用波動率，數量和其他變量來衡量市場情感。目前，閱讀表明投資者肯定是貪婪的，但程度不高。

Earlier this month, when Bitcoin stalled after its recent gains, market sentiment was more neutral. However, as the rally resumes, confidence is returning—but not to the point of frenzy.

本月初，當比特幣最近收穫後停滯時，市場情緒更為中立。但是，隨著拉力賽的恢復，信心正在恢復，但沒有狂熱。

According to past trends, remaining in the territory just outside of extreme greed may actually be a good sign for Bitcoin’s price, suggesting that more growth could still be on the horizon.

根據過去的趨勢，在極端貪婪之外的領土上，實際上可能是比特幣價格的好兆頭，這表明可能仍會出現更多的增長。

In essence, the combined impact of a major international agreement, a sharp market rebound, and a large-scale Bitcoin transfer away from Binance is shaping investor outlook. The figures suggest something more substantial than short-term enthusiasm.

從本質上講，一項重大國際協議，急劇的市場反彈和大規模比特幣轉移的綜合影響正在塑造投資者的前景。這些數字暗示了比短期熱情更為重要的東西。

With cold storage increasing and emotions remaining balanced, many believe that the cryptocurrency’s rally might not be over yet.

隨著冷藏的增加和情緒保持平衡，許多人認為加密貨幣的集會可能還沒有結束。