隨著投資者信心的增長，比特幣（BTC）價格飆升至100,000美元以上

比特幣最近的漲幅使其價格牢固地超過了100,000美元的價格水平，這反映了正在進行的投資者信心。

Bitcoin's recent surge has kept its price firmly above the $100,000 price level, reflecting ongoing investor confidence despite broader economic uncertainty and renewed geopolitical activity.

比特幣最近的漲幅使其價格牢固地超過了100,000美元的價格水平，這反映了儘管經濟不確定性更廣泛和重新進行地緣政治活動，但投資者的信心仍在進行。

At the time of writing, BTC is trading at $103,527, posting a 4.3% in the past 24 hours and climbing 33% over the last month. While still approximately 5% below its all-time high recorded in January, the market has displayed consistent upward momentum, with technical and on-chain signals indicating continued accumulation and interest.

在撰寫本文時，BTC的交易價格為103,527美元，在過去24小時內的交易價格為4.3％，在上個月攀升了33％。雖然仍然比1月份記錄的歷史最高紀錄約5％，但市場表現出一致的向上勢頭，技術和鏈信號表明持續積累和興趣。

This latest rally has also been accompanied by a shift in investor sentiment, which appears to be tipping toward risk-on as headlines around trade agreements and fiscal maneuvering spur a surge in buying activity.

最新的集會還伴隨著投資者情緒的轉變，這似乎正朝著風險範圍內傾斜，因為圍繞貿易協定和財政操縱的頭條新聞刺激了購買活動的激增。

According to CryptoQuant analyst Darkfost, current market patterns mirror a period last seen almost 5 years ago, marked by high volatility and conflicting economic narratives.

根據隱秘分析師Darkfost的說法，當前的市場模式反映了大約5年前的最後一個時期，標誌著高波動性和相互矛盾的經濟敘事。

"Central banks, like the Fed, are still trying to be cautious, but investors' sentiment is shifting toward risk-on, especially with Trump starting to pursue trade deals again and the U.S. planning to maneuver on global policy more aggressively," the analyst stated.

分析師說：“像美聯儲一樣，中央銀行仍在努力保持謹慎，但投資者的情緒正在轉向風險，尤其是隨著特朗普再次開始進行貿易交易，美國計劃更加積極地對全球政策進行操縱。”

This sentiment-driven environment makes it challenging to rely solely on traditional metrics for forecasting price trends, as indicated by the Bitcoin Growth Rate indicator returning to bullish territory alongside BTC reclaiming the $100,000 level.

這種情感驅動的環境使僅依靠傳統指標來預測價格趨勢變得具有挑戰性，這是由比特幣增長率指標與BTC一起恢復了100,000美元水平的比特幣增長率指標所表明的。

"We can notably explain this by all the headline-driven effects, like the one we saw today ('You should buy stocks now'), but also by the fact that Trump is starting to pursue trade deals with various countries, like the agreements made today with the U.K.," Darkfost added.

Darkfost補充說：“我們可以通過所有標題驅動的效果來解釋這一點，例如我們今天看到的效果（'您現在應該購買股票'），但由於特朗普開始與各個國家達成貿易協定，例如今天與英國達成的協議，” Darkfost補充說。

These signals may be pushing investors into crypto assets as part of broader diversification strategies. Despite the Federal Reserve's warning for continued caution, the market seems to be faced with a fear of missing out, creating further upside volatility.

這些信號可能將投資者推向加密資產，這是更廣泛的多元化策略的一部分。儘管美聯儲警告了繼續謹慎的警告，但市場似乎面臨著害怕錯過的，從而造成了進一步的上升波動。

Retail Lags As Bitcoin Whales Continue to Accumulate

隨著比特幣鯨的繼續積累，零售滯後

In a related analysis, another CryptoQuant analyst caueconomy revealed that large-scale Bitcoin holders have remained active throughout the recent price recovery. Over the last month, wallets classified as "whales" have added roughly 41,300 BTC to their balances.

在相關的分析中，另一位加密分析師的Cauececrensony表明，在最近的整個價格恢復中，大型比特幣持有人一直保持活躍。在過去的一個月中，被歸類為“鯨魚”的錢包增加了大約41,300 BTC的餘額。

This steady accumulation, especially from institutional investors and corporations, indicates that strategic positioning continues despite mixed macroeconomic signals.

這種穩定的積累，尤其是從機構投資者和公司那裡，表明儘管宏觀經濟信號混合，戰略定位仍在繼續。

According to caueconomy, this isn't being driven by retail speculation but by institutional entities using corporate resources such as retained earnings and debt issuance.

根據Cauecomany的說法，這不是由零售投機所驅動的，而是由使用公司資源（例如保留收益和債務發行）的機構實體驅動的。

This form of capital inflow, often described as "passive" accumulation, can generate sustained demand pressure independent of market cycles. As a result, Bitcoin's recent gains may be supported by a structurally different class of buyers than in previous bull markets.

這種形式的資本流入形式通常被描述為“被動”的積累，可以產生持續的需求壓力，而不是市場週期。結果，比特幣最近的收益可能得到了與以前的牛市的結構不同類別的支持。