比特幣（BTC）價格上漲14.08％，2025年4月

根據最新的Bitfinex報告，比特幣的價格在2025年4月上漲了14.08％。收益超過比特幣的歷史月平均每月13％

Bitcoin’s price soared by 14.08% in April 2025, according to the latest Bitfinex report. The gain exceeded Bitcoin’s historical monthly average of 13% and the median return of 7.3%, as the report, published on May 6, highlighted.

根據最新的Bitfinex報告，比特幣的價格在2025年4月飆升了14.08％。這種收益超過了比特幣的歷史平均每月13％，而在5月6日發布的報告中，該報告的中位回報率為7.3％。

Early April brought price pressure. A U.S. tariff announcement from President Donald Trump pushed Bitcoin’s price down to $74,501. The coin later recovered 32%, reaching $97,900 by the end of the month. Bitfinex linked the rebound to inflation concerns and a weakening U.S. dollar.

4月初帶來了價格壓力。總統唐納德·特朗普（Donald Trump）的美國關稅宣布將比特幣的價格降至74,501美元。硬幣後來恢復了32％，到本月底達到了97,900美元。 Bitfinex將反彈與通貨膨脹問題聯繫起來，並減弱美元。

The report stated that the Bitcoin bull run may not be over. However, it noted that the market trend depends on macroeconomic stability. April’s strong finish showed resilience, especially after the early decline.

該報告指出，比特幣牛的運行可能還沒有結束。但是，它指出，市場趨勢取決於宏觀經濟穩定性。四月的強勁表現表現出彈性，尤其是在早期下降之後。

Bitcoin Miners Hold Reserves, Supporting Bull Cycle Data

比特幣礦工持有儲備金，支持牛週期數據

The Bitfinex report highlighted that Bitcoin miners continued to hold their reserves despite the price increase. Miner holdings rose from 1.808 million BTC in December 2024 to 1.809 million BTC by May 5.

Bitfinex報告強調，儘管價格上漲，比特幣礦工仍繼續持有儲備。礦工控股公司從2024年12月的1808萬BTC上升到5月5日到180.9萬BTC。

Miners typically sell Bitcoin to cover costs. Instead, they kept holding, which the report linked to expectations of future price strength. The report also cited the Puell Multiple, which remained under 2. This metric compares current miner revenue to historical levels. The current reading shows that the market has not yet reached a typical cycle top.

礦工通常出售比特幣以支付成本。相反，他們一直保持著，該報告與對未來價格實力的期望有關。該報告還引用了PUELL多倍數，該倍數仍低於2。該指標將當前的礦工收入與歷史水平進行了比較。當前的閱讀表明，市場尚未達到典型的周期頂部。

The report stated:

報告指出：

“The fact that they are still holding into this recent 32 percent recovery from the April lows supports the idea that, despite recent volatility and macro uncertainty, we may not have seen the final leg of the current bull cycle.”

“事實上，他們仍在四月低點中恢復最近的32％的恢復，這支持了這樣的觀念：儘管最近的波動性和宏觀不確定性，但我們可能還沒有看到當前牛週期的最後一站。”

The miner behavior and low Puell Multiple add to signs that the Bitcoin bull run could extend, but the Bitfinex report did not give a price prediction.

礦工的行為和低puell多重多重增加了比特幣公牛運行可能會擴展的跡象，但是Bitfinex報告沒有給出價格預測。

Bitfinex: Bitcoin $95,000 Level Remains Crucial for Trend Shift

Bitfinex：比特幣$ 95,000的水平對於趨勢轉移仍然至關重要

The Bitfinex report identified $95,000 as a key level for Bitcoin’s price. This level was the lower edge of a range seen between November 2024 and February 2025. The report noted that Bitcoin is now consolidating around this point.

Bitfinex報告將$ 95,000確定為比特幣價格的關鍵水平。該水平是2024年11月至2025年2月之間出現的範圍的下邊緣。該報告指出，比特幣現在正在整合這一點。

A clear move above $95,000 may shift the trend upward. If Bitcoin fails to hold this level, the price may fall back to previous support zones. The report said,

超過$ 95,000的明顯舉動可能會向上轉移趨勢。如果比特幣無法保持此水平，價格可能會返回以前的支持區。報告說，

“The $95,000 level—currently under consolidation—is a critical pivot point.”

“ $ 95,000的水平 - 雖然正在合併，這是一個關鍵的樞軸點。”

The next few days may show whether Bitcoin can reclaim this level as support or continue consolidating below it.

接下來的幾天可能會表明比特幣是否可以在其下方收回該水平作為支持或繼續合併。

Bitfinex: Short-Term Holder Cost Basis Near Bitcoin’s Current Price

Bitfinex：短期持有人的成本基礎接近比特幣的當前價格

The Bitfinex report also reviewed Bitcoin’s position relative to its short-term holder (STH) cost basis. This metric shows the average acquisition price of BTC bought by recent investors. As of May 6, this value stood at $93,340.

Bitfinex報告還審查了比特幣相對於其短期持有人（STH）成本基礎的地位。該度量標準顯示了最近投資者購買的BTC的平均收購價格。截至5月6日，此價值為93,340美元。

Bitcoin’s price at press time was $94,236, slightly above the STH cost basis. According to the report, this level historically acts as a dividing line between bullish and bearish phases.

發稿時比特幣的價格為94,236美元，略高於STH成本。根據該報告，該水平歷史上是看漲階段和看跌階段之間的分界線。

If Bitcoin stays above the short-term holder cost basis, it could support the ongoing market strength. A fall below may suggest a shift in short-term sentiment. However, the report focused on current technical levels without offering forecasts.

如果比特幣保持在短期持有人的成本基礎上，則可以支持持續的市場實力。下降可能表明短期情緒發生了變化。但是，該報告的重點是當前的技術水平，而沒有提供預測。