比特幣（BTC）火箭超過$ 90K，在機構流和宏觀風風的推動下，目標為20萬美元

策略師剖析比特幣集會背後的事情 - 售價200k $ 200k btc是新政權中的真正目標

A top strategist is signaling a paradigm shift as bitcoin (BTC) rockets past $94K, fueled by institutional flows and macro tailwinds, with $200K now a credible near-term target.

一位頂級策略師正在向范式轉變，因為比特幣（BTC）火箭超過了$ 94,000，這是由機構流和宏大風風開動的，現在有200k美元的近期目標。

Crypto Research Strategist at 21Shares Matt Mena attributed the price surge to “a confluence of macro and structural catalysts.” A softer diplomatic stance from President Donald Trump toward China and renewed clarity over U.S. Federal Reserve Chair Jerome Powell’s tenure are reconfiguring investor strategies.

21shares Matt Mena的加密研究策略師將價格振幅歸因於“宏觀和結構催化劑的匯合”。唐納德·特朗普（Donald Trump）總統對中國的外交立場和對美國美聯儲董事長杰羅姆·鮑威爾（Jerome Powell）任期的明確性的柔和外交立場正在重新配置投資者策略。

These developments, combined with a weakening dollar, are creating a more favorable environment for risk assets. However, bitcoin is distinguishing itself from the pack as more than a speculative instrument.

這些發展與美元疲軟相結合，為風險資產創造了更有利的環境。但是，比特幣將自己與包裝的區別不僅僅是投機儀器。

“This rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime,” he remarked in a recent analysis.

他在最近的一項分析中說：“這次集會不是零售驅動的炒作，它的機構資本定位比許多人認為是新的貨幣和政治制度。”

That shift is evident not just in sentiment, but in how bitcoin is behaving relative to traditional markets. Mena added that bitcoin’s 7-day correlation to the S&P 500 and Nasdaq has gone negative, highlighting that the asset is no longer being treated as a tech proxy.

這種轉變不僅在情感上，而且是比特幣相對於傳統市場的表現。 MENA補充說，比特幣與標準普爾500指數的7天相關性和納斯達克的相關性已經消極，這強調了該資產不再被視為技術代理。

Instead, it’s gaining traction as “a hybrid macro asset—part digital gold, part growth equity—roughly 80% gold and 20% tech.”

取而代之的是，它正在成為“混合宏觀資產（部分數字黃金，部分增長權益），這一數量高達80％的黃金和20％的技術。”

Capital flows have followed suit, with bitcoin and ethereum ETFs bringing in over $1.3 billion in just two days. Meanwhile, more than $500 million in crypto short positions were liquidated as traders scrambled to adjust.

資本流也伴隨著，比特幣和以太坊ETF在短短兩天內帶來了超過13億美元。同時，隨著交易員爭先恐後的調整，超過5億美元的加密貨幣短額被清算了。

“Short term, the next resistance sits around $95K, which could act as a brief pause point given the pace of this rally. Beyond that, the key psychological level remains $100K,” cautioned Mena.

梅納警告說：“短期，下一個抵抗力量的價格約為9.5萬美元，鑑於這次集會的步伐，這可能是一個短暫的停頓。除此之外，關鍵的心理水平仍然是$ 10萬美元。”

The broader landscape continues to build the case for bitcoin’s momentum, he noted, and the total crypto market cap has once again crossed the $3 trillion mark, matching highs not seen since the 2020–2021 cycle.

他指出，更廣闊的景觀繼續為比特幣的勢頭建立了案例，而加密市政上限的總景觀再次超過了3萬億美元的大關，與自2020- 2021年周期以來未見的高高相匹配。

Economic indicators such as the approaching 4% yield on 10-year Treasury notes and expectations for three to four interest rate cuts by year’s end are reinforcing bullish sentiment. Mena predicted the potential for further upside:

經濟指標，如10年期債券的收益率和期望為3至4年的期望在年底之前降低了4％的收益率，這加劇了看漲的情緒。 MENA預測了進一步上漲的潛力：

“Bitcoin could potentially double by the end of the year, following global liquidity dynamics as it has in past cycles and reaching a high of $200K.”

“在全球流動性動態上，比特幣可能會在今年年底之前加倍，就像過去的周期一樣，達到200萬美元。”

Investors are increasingly looking beyond volatility, Mena concluded, and more are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets.

MENA得出結論，投資者越來越多地尋找波動性，不僅是投機性的資產，而且是在傳統市場不確定性上升的情況下飛往安全的飛行。