比特幣的看漲奔跑：需求激增，更正不太可能嗎？

比特幣要進行更正嗎？專家們衡量需求的飆升，消失的供應以及持續上升勢頭的潛力。

Bitcoin's been on a wild ride, hitting new all-time highs, and everyone's wondering: is a correction coming? Or is this just the beginning? Let's dive into what the experts are saying about Bitcoin's demand, supply, and whether a prolonged price drop is really on the cards.

比特幣一直在瘋狂地騎行，達到了新的歷史最高點，每個人都想知道：更正是嗎？還是這只是開始？讓我們深入了解專家對比特幣的需求，供應以及延長價格下跌的看法。

Demand Outstripping Supply: A Recipe for Continued Growth?

超越供應的需求：持續增長的秘訣？

The buzz is that demand for Bitcoin is skyrocketing while the available supply is dwindling. 21Shares crypto research strategist Matt Mena points out that the amount of Bitcoin on crypto exchanges and OTC desks is at an all-time low. Meanwhile, those shiny new US-listed Bitcoin ETFs? They've already gobbled up multiples of the BTC that'll be mined this year. And let's not forget the corporate treasury buyers quietly adding to their stashes.

嗡嗡聲是，對比特幣的需求正在飆升，而可用供應量正在減少。 21 Shares加密研究策略師Matt Mena指出，加密交易所和OTC桌子上的比特幣數量處於歷史最低水平。同時，那些閃亮的新美國比特幣ETF？他們已經吞噬了今年將要開采的BTC的倍數。而且，不要忘記公司財政買家悄悄地增加他們的藏匿處。

We're talking about Bitcoin hitting $122,884, with new buyers jumping in and scooping up coins faster than miners can produce them. Seems like a classic case of supply and demand, right?

我們正在談論的是比特幣達到122,884美元，新買家跳進去，挖出硬幣的速度比礦工可以生產的快。似乎是供需的經典案例，對嗎？

Defying Historical Trends: Bitcoin's Summer Surge

違抗歷史趨勢：比特幣的夏季激增

Historically, the third quarter hasn't been kind to Bitcoin, averaging a measly 6.32% return since 2013. But this year? Bitcoin's laughing in the face of tradition, setting new all-time highs during what's usually the slow season. As Mena puts it, Bitcoin is setting new all-time highs during the most illiquid, seasonally weak part of the year.

從歷史上看，第三季度對比特幣並不友善，自2013年以來平均收益率達到6.32％。但是今年？比特幣面對傳統的笑聲，在通常的緩慢季節中創造了新的歷史最高點。正如梅納（Mena）所說，比特幣在一年中最不流動的，季節性較弱的一部分中設定了新的歷史最高點。

Potential Speed Bumps: Macro Risks on the Horizon

潛在的速度顛簸：宏觀風險即將到來

Now, before you go all-in, it's worth keeping an eye on a couple of potential risks. Mena cautions that a reversal isn't entirely out of the question. If Trump's proposed tariffs are harsher than expected, or if the Fed hints that rate cuts are further off, we could see a broad repricing of risk assets, including Bitcoin.

現在，在您全力以赴之前，值得關註一些潛在的風險。 MENA警告說，逆轉並不是完全不可能的。如果特朗普提議的關稅比預期的要嚴格，或者美聯儲暗示削減稅率的情況較遠，那麼我們可以看到包括比特幣在內的風險資產的廣泛重新定位。

The Big Picture: Bullish Long-Term Trends

大局：看漲長期趨勢

Despite these potential hiccups, the overall outlook for Bitcoin remains positive. Long-term trend analysis suggests that Bitcoin is moving within a large ascending channel, signaling a bullish trajectory. This aligns with the view that a prolonged correction is unlikely.

儘管有這些潛在的打ic，但比特幣的總體前景仍然是積極的。長期趨勢分析表明，比特幣正在大型上升通道內移動，這表明了看漲的軌跡。這與長時間更正的觀點一致。

The Rise of Innovative Crypto Products

創新加密產品的興起

The market is also seeing cool new financial products like Bitcoin Yield ETPs, which automatically convert yields into Bitcoin. These innovations make it easier for investors to increase their Bitcoin holdings without needing extra capital.

市場還看到了酷炫的新金融產品，例如比特幣產量ETP，它們會自動將收益率轉換為比特幣。這些創新使投資者更容易增加其比特幣持有量，而無需額外的資金。

Institutional Interest: A Stable Foundation

機構利益：穩定的基礎

Let's not forget the big boys. Institutional investors are increasingly recognizing Bitcoin's potential as a store of value and a hedge against inflation. This institutional interest is likely to provide a more stable foundation for the market, reducing the likelihood of a prolonged correction.

讓我們不要忘記大男孩。機構投資者越來越多地認識到比特幣作為價值存儲和對沖通貨膨脹的潛力。這種機構利益可能為市場提供了更穩定的基礎，從而減少了延長糾正的可能性。

Final Thoughts: To the Moon?

最終想法：月球？

So, what's the verdict? While no one can predict the future, the consensus seems to be that a prolonged correction for Bitcoin is increasingly unlikely. With demand surging, supply dwindling, and institutional interest growing, the outlook remains positive. Of course, there are always risks, but for now, it looks like Bitcoin's bullish run might just continue. Keep an eye on those macro factors, and remember to do your own research. But hey, who knows? Maybe we'll all be sipping Mai Tais on the moon sooner than we think!

那麼，判決是什麼？儘管沒有人能預測未來，但共識似乎是，對比特幣的延長糾正越來越不可能。隨著需求激增，供應減少以及機構興趣的增長，前景仍然是積極的。當然，總會有風險，但是就目前而言，看起來比特幣的看漲奔跑可能會繼續下去。密切關注這些宏觀因素，並記住自己的研究。但是，誰知道？也許我們所有人都比我們想像的要早就在月球上imp飲！