比特幣BTC/USD可能會再次調情，這不是2024年11月的Déjàvu

比特幣BTC/USD可能會再次調情，這不是2024年11月的Déjàvu。當時BTC的激增被情感和猜測渦輪增壓。

Bitcoin BTC/USD may be flirting with all-time highs again, but this is not déjà vu from November 2024. Back then, BTC's surge was turbocharged by sentiment and speculation. Today, the rally is being built on sturdier ground.

比特幣BTC/USD可能會再次調情，但這不是2024年11月的Déjàvu。那時，BTC的激增被情感和猜測渦輪增壓。如今，集會是在更堅固的地面上建造的。

And don't think Ethereum ETH/USD is being left behind. The crypto company went up 40% in a week. Ounce pour ounce, that's a considerable rally.

而且不要以為以太坊/美元被拋在後面。這家加密公司一周內增長了40％。盎司倒盎司，這是一個相當大的集會。

While the price action is certainly bullish for both tokens, what's driving their momentum today may be structurally different.

雖然價格動作對兩個代幣都肯定是看好的，但今天驅動他們的勢頭的原因可能在結構上有所不同。

Bitcoin: Slower Climb, Stronger Foundation?

比特幣：攀登較慢，較強的基礎？

Bitcoin has surged from roughly $94,000 in early May to over $106,000 – a 13% move.

比特幣在5月初的大約94,000美元飆升至106,000美元以上，轉移了13％。

While that's impressive, it's not on the scale of November 2024, when BTC spiked nearly 37% in a single month.

雖然這令人印象深刻，但它並不是2024年11月的規模，當時BTC在一個月內飆升了近37％。

Many of the driving forces appear to be the same – rapid price increases and strong institutional interest. But according to James Toledano, chief operating officer at Unity Wallet, today's rally is supported by more than just sentiment.

許多驅動力似乎是相同的 - 快速價格上漲和強烈的機構利益。但是，根據Unity Wallet首席運營官詹姆斯·托萊達諾（James Toledano）的說法，今天的集會不僅得到了情感。

"This ascent is fueled by the cooling tariffs, which has helped ease market chaos, increased ETF inflows, and recent corporate acquisitions like Metaplanet's purchase of 1,004 BTC."

“這一上升是由冷卻關稅推動的，這有助於緩解市場混亂，增加ETF流入以及最近的公司收購，例如Metaplanet購買了1,004 BTC。”

Compared to last year's sentiment-driven rally, Toledano sees today's uptrend as underpinned by tangible institutional adoption and policy support, suggesting it may be more sustainable.

與去年以情感為驅動的集會相比，托萊達諾認為今天的上升趨勢是有形的機構採用和政策支持的基礎，這表明它可能更可持續。

Ethereum Up 40% In A Week

以太坊一周內增加40％

On the other hand, Ethereum's recent 40% surge was catalyzed by a successful network upgrade and improving global macro conditions. But Dom Harz, co-founder of BOB, believes it reflects more profound changes.

另一方面，以太坊最近的40％激增被成功的網絡升級和改善全球宏觀條件所催化。但是鮑勃（Bob）的聯合創始人唐·哈茲（Dom Harz）認為，它反映了更深刻的變化。

"The recent rally in Ethereum's price isn't just about short-term positioning, but rather is a reflection of a deeper shift in the market's understanding of what the future of blockchain infrastructure will look like."

“最近在以太坊價格上的集會不僅僅是短期定位，而是反映出市場對區塊鏈基礎設施未來的更深入的理解。”

According to Harz, the conversation is shifting from siloed chains to hybrid models that leverage the best of both worlds: security and liquidity on Bitcoin's side, and battle-tested dApps with proven UX on Ethereum's side.

根據哈茲的說法，對話正在從孤立的連鎖店轉變為利用兩全其美的混合模型：在比特幣方面的安全性和流動性，並在以太坊方面進行了經過證實的UX進行戰鬥測試的DAPP。

"Ultimately, security remains the core requirement for financial infrastructure. As such, Bitcoin will become the foundation for the next generation of DeFi."

“最終，安全仍然是金融基礎設施的核心要求。因此，比特幣將成為下一代Defi的基礎。”

In Harz's view, Ethereum's future depends on alignment, not competition.

哈茲認為，以太坊的未來取決於對齊，而不是競爭。

"This isn't about allegiance. It's about alignment."

“這與忠誠無關。這是關於一致性的。”

As both Bitcoin and Ethereum continue their ascent, their convergence through institutional adoption and hybrid infrastructure could define the next phase of crypto – and smart money is betting on that.

隨著比特幣和以太坊都繼續上升，他們通過機構採用和混合基礎設施的融合可以定義下一階段的加密貨幣 - 聰明的錢在押注。