比特幣（BTC）價格飆升至105,000美元以上

比特幣（BTC）在2025年5月20日上漲了105,000美元以上，對其潛在天花板和力量推動其目前的集會的好奇心重新激發了好奇心。

Bitcoin’s (BTC) price surge above $105,000 on May 20 has reignited curiosity about its potential ceiling and the forces propelling its current rally.

5月20日，比特幣（BTC）的價格漲幅超過105,000美元，這激發了人們對其潛在上限和力量推動其目前集會的好奇心。

As investors and analysts speculate on how high Bitcoin can climb, today’s surge, fueled by institutional inflows, bullish technical patterns, and macroeconomic tailwinds, offers clues to its trajectory.

當投資者和分析師推測比特幣可以攀升的高度，今天的激增，由機構流入，看漲的技術模式和宏觀經濟的尾風推動，為其軌跡提供了線索。

Drawing from expert insights, on-chain data, and market trends, this article explores why Bitcoin is soaring today and what price levels it might reach in the near and long term.

從專家見解，鏈上數據和市場趨勢中汲取靈感，本文探討了為何比特幣今天飆升，以及它在近期和長期的價格水平。

From a technical analysis perspective, two things seem important: a bullish pin bar on the BTC daily chart and a potential golden cross.

從技術分析的角度來看，兩件事似乎很重要：BTC每日圖表上的看漲銷釘和潛在的金十字架。

Why Is Bitcoin Going Up Today?

為什麼比特幣今天上升？

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that 최근 급등 원인은 무엇일까요? Countless articles, posts, and reports have been written on this topic. Still, it seems that there is no single answer and several key factors are driving Bitcoin's rally. Dr. Kirill Kretov from CoinPanel provides some insight into the current market dynamics:

比特幣比特幣雖然有些人可能仍然想知道是什麼是比特幣，誰創建了比特幣，或者比特幣如何工作，但一件事是可以肯定的：比特幣改變了世界。沒有一個人可以對這種革命性的，分散的，數字資產，數字資產或大區鏈技術的持久性，自從佛羅里達州的官方運輸中，我們就已經很長一段offersion florida carterstions of florida oferida oferida oferida offrida bttriess bt bits bt bits bt bt bt bt bt bt bt bt bt btc btc btc btc bt btc btc bt bt btc btc btc btc btc btc bt trent。 10,000個比特幣在他當地的爸爸約翰·斯（Papa John's.s.有關此主題的文章，帖子和報告已有無數的文章，帖子和報告。儘管如此，似乎沒有一個答案，幾個關鍵因素正在推動比特幣的集會。 Coinpanel的Kirill Kretov博士提供了對當前市場動態的一些見解：

"From an on-chain perspective, the current Bitcoin setup closely resembles the pre-bull run structure we saw in early 2021. While we are not seeing the breakout yet, the conditions for a major move are rapidly forming.”

“從鏈的角度來看，當前的比特幣設置與我們在2021年初看到的前跑結構相似。雖然我們還沒有看到突破，但重大移動的條件迅速形成。”

1. Growing Institutional Demand and ETF Inflows

1。增長的機構需求和ETF流入

Institutional interest in Bitcoin is at an all-time high, significantly boosting its price. Spot Bitcoin exchange-traded funds (ETFs) in the U.S. have seen inflows for 18 of the last 21 days, accumulating $6.9 billion in new capital over three weeks, according to Farside Investors. Additionally, CoinShares reported $557 million in inflows to Bitcoin investment products last week, reflecting growing investor confidence.

對比特幣的機構興趣處於歷史最高水平，大大提高了其價格。根據Farside Investors的說法，在美國，現場比特幣交易所交易的資金（ETF）在過去21天中的18天中有18個星期的流入，在三週內積累了69億美元的新資本。此外，Coinshares上周向比特幣投資產品報告了5.57億美元的流入，這反映了投資者的信心不斷增長。

Corporate adoption is also on the rise. Strategy (formerly MicroStrategy) purchased 7,390 BTC worth $765 million, while Japan’s Metaplanet added 1,004 BTC for $129 million, as announced on May 19. This institutional and corporate buying spree signals Bitcoin’s increasing role as a long-term asset, pushing its price toward new highs.

公司採用也正在上升。如5月19日宣布的那樣，策略（以前是MicroStrategy）以7.65億美元的價格購買了7,390 BTC，而日本的Metaplanet則以1.29億美元的價格增加了1,004 BTC，這是1,004 BTC的。這種機構和公司購買的狂潮信號是比特幣的長期作用，作為長期的長期作用，將其價格推向了新高高。

JUST IN: 🇯🇵 Metaplanet bought another 1,004 #Bitcoin for ¥15 billion.

就在：🇯🇵metaplanet以150億日元的價格購買了1,004 #bitcoin。

2. High Open Interest in Futures Markets

2。對期貨市場的高度興趣

Bitcoin’s rally is further supported by unprecedented open interest (OI) in the futures market, which hit an all-time high of $72.63 billion on May 20, up 27% from $57.1 billion a month earlier, according to CoinGlass.

根據Coinglass的數據，比特幣的集會得到了前所未有的開放興趣（OI）的進一步支持，該期貨市場在5月20日的歷史最高點數726.3億美元，從一個月前的571億美元上升了27％。

Bitcoin CME futures OI also reached a 90-day high of 157,875 BTC ($16.76 billion) on May 19. This surge in leveraged positions indicates strong market expectations of continued upward momentum, similar to the 84% rally from October to December 2024, when Bitcoin hit its previous all-time high of $108,000.

比特幣CME Futures OI在5月19日達到了90天的高點157,875 BTC（167.6億美元）。槓杆位置的這種激增表明，市場對持續勢頭的強烈預期，類似於2024年10月至2024年10月的84％Rally Rally，當時比特幣以前的預期高高達到了108,000美元。

3. Macroeconomic Tailwinds

3。宏觀經濟的尾風

Macroeconomic factors are also fueling Bitcoin’s rise. Increasing M2 money supply and easing U.S.-China trade tensions have bolstered bets on a new record high.

宏觀經濟因素也在加劇比特幣的上升。增加了M2貨幣供應和緩解美中的貿易緊張局勢，以新的紀錄提高了賭注。

Bitcoin’s fixed supply and transparency make it an attractive hedge against fiat currency risks and sovereign debt fragility, especially as institutional and sovereign interest grows, according to Tracy Jin, COO of MEXC.

根據MEXC的COO Tracy Jin的說法，比特幣的固定供應和透明度使其成為針對法定貨幣風險和主權債務脆弱性的有吸引力的對沖，尤其是隨著機構和主權利息的增長。

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Another interesting perspective comes from Dr. Kirill Kretov, an expert in technical analysis and on-chain data. According to Dr. Kretov, the structure of the current Bitcoin setup closely resembles the pre-bull run formations observed in early 2021.

另一個有趣的觀點來自技術分析和鏈上數據專家Kirill Kretov博士。根據Kretov博士的說法，當前比特幣設置的結構與2021年初觀察到的前的跑步構造相似。

Additionally, a bullish pin bar candle near the $105,000 support level, identified in my technical analysis, signals strong buying pressure defending this key zone. This level aligns with local highs from early May, further reinforcing its significance.

此外，在我的技術分析中確定的105,000美元支持水平附近的Bullish Pin Bar蠟燭標誌著強烈的購買壓力捍衛了這一關鍵區域。從5月初開始，該水平與當地高點保持一致，從而進一步增強其意義。

The upcoming golden cross, where the 50-day simple moving average (SMA) crosses above the 200-day SMA, also supports bullish

即將到來的金十字架（50天簡單的移動平均線（SMA）超過200天SMA）也支持看漲