比特幣（BTC）飆升超過$ 90,000，但逆風繼續存在，可能會進一步上漲

比特幣（BTC）週二飆升了91,000美元，在投資者的樂觀情緒和對美國 - 中國貿易緊張局勢解凍的新希望中攀升了近5％，

Bitcoin (BTC) price surged past $91,000 on Tuesday, heating up in the U.S. afternoon as the largest cryptocurrency climbed nearly 5%. The move came amid renewed optimism among investors and fresh hopes of a thaw in U.S.-China trade tensions, but headwinds persist that could cap further upside, analytics firm CryptoQuant cautioned.

比特幣（BTC）的價格在周二的91,000美元以上飆升，在美國下午加熱，最大的加密貨幣攀升了近5％。分析公司CryptoFand警告說，此舉是由於投資者對投資者的樂觀情緒和新的融化期望，但逆風持續存在，可能會進一步上漲，但分析公司的逆風持續下去。

Bitcoin hit highs of $91,700 with the price action now in the U.S. afternoon as BTC rose 4.8% over the past 24 hours according to CoinDesk data. Among the biggest altcoins, ether (ETH) price rose 8% over the past 24 hours, trading above $1,700. Dogecoin (DOGE) and Sui (SUI) led the mid-tier gains, both rising more than 8.6%.

根據Coindesk的數據，過去24小時內BTC上漲了4.8％，比特幣的高點為91,700美元，而現在的價格行動現在為美國下午的價格。在最大的Altcoins中，Ether（ETH）價格在過去24小時內上漲8％，超過1,700美元。 Dogecoin（Doge）和Sui（Sui）領導了中期增長，兩者均上漲超過8.6％。

The S&P 500 and the tech-heavy Nasdaq recovered from yesterday's decline, finishing the session 2.5% and 2.7% higher, respectively. The U.S. Treasury Secretary Scott Bessent reportedly told investors at a closed-door JPMorgan event that the tariff standoff with China was unsustainable and would be coming to an end.

標準普爾500指數和技術繁重的納斯達克股票從昨天的下降中恢復過來，分別完成了2.5％和2.7％的比賽。據報導，美國財政部長斯科特·貝斯特（Scott Bessent）在封閉的摩根大通活動中告訴投資者，與中國的關稅對峙是不可持續的，即將結束。

Bessent said the move would come “in the very near future,” adding that the current conditions could be described as a “trade embargo.” However, he cautioned that a more comprehensive deal between the two nations could take even years to materialize.

Bessent表示，此舉將“在不久的將來”，並補充說，當前條件可以描述為“貿易禁運”。但是，他警告說，兩國之間的更全面的交易甚至可能需要數年的時間才能實現。

Gold, meanwhile, sharply reversed from its record price of $3,500 during the day and was down 1%.

同時，黃金與白天3500美元的創紀錄價格明顯相反，下降了1％。

“As capital rotates out of USD risk and into safe-haven, inflation-hedging assets, BTC and gold are proving to be key beneficiaries,” analysts at hedge fund QCP Capital said in a Telegram broadcast.

Hedge Fund QCP Capital的分析師在電報廣播中說：“隨著資本從美元風險中旋轉到避風港，通貨膨脹對沖資產，BTC和黃金被證明是關鍵受益人。”

They highlighted rejuvenating inflows to spot U.S.-listed BTC ETFs and the return of the so-called Coinbase price premium, suggesting demand from American institutional investors. BTC ETF booked over $381 million net inflows on Monday adding to Thursday's $107 million, according to Farside Investors data.

他們強調了恢復活力的流入，以發現美國上市的BTC ETF以及所謂的Coinbase價格溢價的回歸，這表明美國機構投資者的需求。根據Farside Investors的數據，BTC ETF週一預訂了超過3.81億美元的淨流入，增加了周四的1.07億美元。

But not all signs point to a sustained breakout.

但並非所有跡像都表明持續的突破。

Despite the price jump, on-chain data points to fragility beneath the surface, CryptoQuant analysts said in a Tuesday report. Bitcoin’s apparent demand has decreased by 146,000 BTC over the past 30 days—an improvement from the sharp drop in March, but still negative. CryptoQuant’s demand momentum metric, which tracks new investor interest, has deteriorated further to its the most bearish level since October 2024, the report noted.

加密分析師在周二的報告中說，儘管價格上漲，但鏈上的數據表明表面脆弱性。在過去的30天中，比特幣的明顯需求減少了146,000 BTC，這比3月份的急劇下降有所改善，但仍然負面。該報告指出，追踪新投資者興趣的CryptoQuant的需求勢頭指標已進一步惡化至2024年10月以來最持久的水平。

Market liquidity remains soft, with the report using USDT’s market cap growth as a proxy for crypto liquidity. USDT grew $2.9 billion over the past two months, below its 30-day average. Historically, BTC rallies coincided with USDT growth above $5 billion and above trend — a threshold not yet met.

該報告使用USDT的市值增長作為加密流動性的代理。在過去兩個月中，USDT增長了29億美元，低於其平均30天。從歷史上看，BTC集會與USDT增長超過50億美元及以上趨勢相吻合 - 尚未達到閾值。

Adding to the caution, bitcoin is now facing a key resistance zone between $91,000 and $92,000 at around the "Trader’s On-chain Realized Price" metric, a level that has often served as resistance in bearish conditions. CryptoQuant’s on-chain bull score classified current market conditions as bearish, suggesting a pause or pullback could follow if sentiment weakens.

除了謹慎的態度外，比特幣現在面臨著“交易者的鏈上實現的價格”左右在91,000至92,000美元之間的關鍵阻力區，這一水平通常是在看跌條件下的阻力。隱式鏈的鏈牛評分將當前市場狀況歸為看跌，這表明如果情緒削弱，可能會暫停或下降。