比特幣（BTC）價格上漲至110k $ 110k

隨著比特幣越過111,000美元的成績，通過其首席分析師瑞安·李（Ryan Lee）達到了111,825美元的新歷史最高高價。

Bitcoin (BTC) continued its impressive rally, briefly touching $111,825 early on May 23 as analysts from Bitget Research offered insights into the factors driving the cryptocurrency’s recent surge in value.

比特幣（BTC）繼續其令人印象深刻的集會，並於5月23日早些時候短暫觸及111,825美元，因為Bitget Research的分析師提供了對推動加密貨幣最近價值激增的因素的見解。

As the cryptocurrency crossed the $111,000 mark, reaching a new all-time high at $111,825, Bitget Research, through its chief analyst Ryan Lee, offers critical insights into the drivers behind the surge and what might lie ahead. Lee pinpoints rising demand from spot Bitcoin exchange-traded funds and a tightening supply following the recent halving as primary catalysts.

隨著加密貨幣越過了111,000美元的成績，通過其首席分析師瑞安·李（Ryan Lee）的首席分析師瑞安·李（Ryan Lee）達到了111,825美元的新歷史最高點，對激增的驅動因素和可能的情況提供了重要的見解。 Lee指出了現貨比特幣交易所貿易資金的需求不斷上升，並且在最近減半後作為主要催化劑而收緊了供應。

The macroeconomic backdrop is also pivotal. Expectations of interest rate cuts by the Federal Reserve and ongoing inflation have increased the appeal of Bitcoin as a hedge against currency debasement. “Many investors are watching for a move to $113,000 by June 2025,” said Lee.

宏觀經濟背景也是關鍵的。美聯儲和持續通貨膨脹率降低利率的期望增加了比特幣的吸引力，作為抵抗貨幣貶值的對沖。李說：“許多投資者正在關注到2025年6月的搬遷至113,000美元。”

The chief analyst further explained that the launch of spot Bitcoin ETFs has brought sustained inflows of institutional money into the cryptocurrency market. Since their inception, these ETFs have consistently seen an influx of funds from investors seeking a regulated avenue for exposure to Bitcoin.

首席分析師進一步解釋說，現貨比特幣ETF的推出已將機構資金持續流入到加密貨幣市場中。自成立以來，這些ETF一直從尋求受監管的比特幣途徑的投資者大量資金湧入。

Highlighting the magnitude of institutional interest, Lee pointed out that the total inflow into Bitcoin ETF has surpassed $43.7 billion. U.S. Bitcoin ETFs record inflows of over $600 million in the last 24 hours.

李強調了機構興趣的幅度，指出，進入比特幣ETF的總流入超過了437億美元。在過去的24小時內，美國比特幣ETF的創紀錄流入超過6億美元。

However, despite its current strength, Lee noted that Bitcoin’s price remains vulnerable. He mentioned that a stronger U.S. dollar, renewed geopolitical tensions, or negative regulatory developments could stall or reverse gains.

但是，儘管目前的實力，李指出，比特幣的價格仍然很容易受到傷害。他提到，更強大的美元，更新的地緣政治緊張局勢或負面的監管發展可能會停滯或逆轉收益。

Lee also mentioned that Bitcoin’s history of sharp corrections following rapid rallies has left some market participants cautious. The rapid rise in the cryptocurrency’s price over the past few months, especially after the recent halving event, has raised concerns about a potential setback.

李還提到，在快速集會之後，比特幣對銳利校正的歷史使一些市場參與者謹慎。在過去的幾個月中，加密貨幣價格的迅速上漲，尤其是在最近的減半事件之後，人們對潛在的挫折引起了人們的擔憂。

Moreover, regulatory developments will also be crucial. The advancement of the GENIUS Act in the U.S., which is designed to provide clear regulatory guidelines for cryptocurrency, could influence investor confidence and institutional participation in the months ahead.

此外，監管發展也將是至關重要的。 《天才法》在美國的發展，旨在為加密貨幣提供明確的監管準則，可能會影響投資者的信心和未來幾個月的機構參與。

As Bitcoin continues to move at the apex of the crypto market, its price movements are being followed closely by both market participants and industry experts.

隨著比特幣繼續在加密貨幣市場的頂點移動，市場參與者和行業專家都緊隨其後的價格變動。