美國CPI數據顯示通貨膨脹正在冷卻後，比特幣（BTC）價格保持穩定

在2025年4月的美國消費者價格指數（CPI）發行後，比特幣（BTC）在很大程度上保持穩定，該指數低於預期。

U.S. Consumer Price Index (CPI) for April 2025 rose 0.2% month-over-month (m/m), slowing from the previous period and coming in below economists’ expectations, according to the Bureau of Labor Statistics on Wednesday.

根據勞工統計局週三的數據，美國消費者價格指數（CPI）2025年4月上升了0.2％的月份（m/m），比上一時期放慢速度，並在經濟學家的期望下降低了。

The report showed that CPI fell 0.1% in March. Economists had forecast a 0.3% increase in April CPI.

該報告顯示，3月份CPI下降了0.1％。經濟學家預測4月CPI增長了0.3％。

The report showed that year-over-year (y/y) CPI rose 2.3%, the slowest annual increase since February 2021. Economists had expected a 1.4% y/y increase in April CPI, following a 1.5% rise in the previous period.

該報告顯示，自2021年2月以來，CPI同比增長了2.3％，這是每年最慢的增長。經濟學家預計，在上一時期增長1.5％之後，4月CPI的Y/y每年增長1.4％。

Core CPI, which excludes volatile food and energy prices, rose 0.2% m/m, compared to 0.1% in March and below economists’ predictions of 0.3%. This was also in line with expectations, following a 0.1% rise in the previous period.

不包括波動性食品和能源價格的Core CPI上漲了0.2％m/m，而3月份為0.1％，低於經濟學家的預測為0.3％。這也符合預期，此前階段增長了0.1％。

On a y/y basis, Core CPI remained at 2.8%, aligning with economists’ estimates and following a 2.7% increase in the previous month.

在AY/Y的基礎上，Core CPI保持在2.8％的狀態，與經濟學家的估計保持一致，並且上個月增長了2.7％。

A lower-than-expected reading on inflation could support the Federal Reserve’s cautious “wait and watch” stance on cutting interest rates, which reached 5.0% in March 2025.

關於通貨膨脹的預期，對降低利率的謹慎的“等待”立場可以支持降低通貨膨脹的態度，該立場在2025年3月達到5.0％。

Despite the positive macro backdrop, Bitcoin (BTC) showed minimal reaction. At the time of writing, BTC is trading in the low $100,000 range – approximately 5.1% below its all-time high (ATH) of $108,786 set in January 2025.

儘管宏觀背景為正，但比特幣（BTC）顯示出最小的反應。在撰寫本文時，BTC的交易價格低至100,000美元，比2025年1月1月的售價低約5.1％，為108,786美元。

However, technical analysts remain optimistic. Noted crypto analyst Titan of Crypto shared the following chart indicating a potential move to new all-time highs, driven by a strengthening weekly Relative Strength Index (RSI).

但是，技術分析師仍然樂觀。 Crypto的Crypto分析師Titan分析了以下圖表，表明在每週相對強度指數（RSI）增強的驅動下，潛在轉移到了新的歷史高位。

Moreover, crypto analyst Jelle commented on BTC’s resilience around the $102,000 level, suggesting this may act as a strong support zone. “Not much is left to hold BTC back now,” the analyst stated, indicating confidence in a continued rally.

此外，加密分析師Jelle對BTC的彈性發表了評論，該彈性在102,000美元的水平上，表明這可能是一個強大的支持區。這位分析師說：“現在還不到BTC恢復。”表明對持續集會的信心。

BTC Exchange Reserves Depleting, Investors Accumulating

BTC交流儲量耗盡，投資者積累

On-chain data also supports a bullish outlook. Crypto influencer Davinci Jeremie highlighted in a recent X post that Bitcoin reserves on centralized exchanges have dropped significantly and are now around 2.4 million BTC – a level that could contribute to a looming supply shock.

鏈上數據還支持看漲的前景。加密影響者Davinci Jeremie在最近的X帖子中強調，比特幣在集中式交易所的保留下降了大幅下降，現在約為240萬BTC，這一水平可能有助於迫在眉睫的供應衝擊。

Lower BTC reserves on crypto exchanges are likely to bolster the supply shock narrative for the flagship cryptocurrency, which may lead to parabolic price action. Data also shows that large investors are accumulating BTC.

BTC較低的加密交易所儲備可能會加強旗艦加密貨幣的供應衝擊敘事，這可能會導致拋物線價格行動。數據還表明，大型投資者正在積累BTC。

In a separate X post, crypto analyst Bitcoin Munger shared the following chart which shows that BTC sharks – wallets holding 100 to 1,000 BTC – have been accumulating BTC at a rapid pace. Currently, these entities hold more than 3.55 BTC collectively.

在單獨的X帖子中，加密分析師比特幣Munger分享了以下圖表，該圖表表明，BTC鯊魚（持有100至1,000 BTC的錢包）已經快速積累了BTC。目前，這些實體共同持有超過3.55 BTC。

However, recent data shows that open interest has not risen in tandem with the rise in BTC price, which may be a cause for concern.

但是，最近的數據表明，開放興趣並沒有隨著BTC價格上漲而同時增加，這可能是引起人們關注的原因。

At press time, BTC is trading at $103,311, up a modest 0.1% over the past 24 hours.

發稿時，BTC的交易價格為103,311美元，在過去的24小時內增長了0.1％。