比特幣，以太坊，價格：導航加密當前的潮流

分析比特幣，以太坊價格和市場見解的最新趨勢。在這篇全面的博客文章中獲取最新的加密新聞和分析。

Bitcoin and Ethereum continue to be the bellwethers of the crypto market. Recent activity shows a mix of optimism and caution as investors navigate a landscape shaped by macroeconomic factors and technical indicators. Let's dive into the key trends and insights.

比特幣和以太坊繼續成為加密貨幣市場的支持者。最近的活動表明，隨著投資者在宏觀經濟因素和技術指標形狀的景觀中導航，樂觀和謹慎。讓我們深入了解關鍵趨勢和見解。

Bitcoin's Bumpy Ride: Q2 Highs and Q3 Expectations

比特幣的顛簸之旅：Q2高點和第三季度期望

Bitcoin (BTC) ended Q2 2025 on a high note, recording its best quarterly returns since Q2 2020, driven by expectations of Federal Reserve rate cuts and an expanding M2 money supply. It even touched an all-time high of over $111,900 in May! However, the path forward isn't without its bumps. Historically, Q3 has been a weaker period for Bitcoin, and potential trade war escalations could introduce volatility.

比特幣（BTC）以高音結束了第二季度2025年第2季度，記錄了自2020年代第2季度以來的最佳季度收益，這是對美聯儲削減稅率和M2貨幣供應不斷擴大的期望。 5月，它甚至觸及了歷史最高的111,900美元！但是，前進的道路並非沒有顛簸。從歷史上看，第三季度對於比特幣來說是一個較弱的時期，潛在的貿易戰爭升級可能引起波動。

Ethereum's Potential Surge

以太坊的潛在激增

Ethereum (ETH) is also showing signs of potential recovery. Crypto analyst Bluntz suggests that ETH/BTC has likely bottomed out after completing a similar ABC correction to Bitcoin. Currently, ETH/BTC is trading around $2,451, signaling a potential upswing.

以太坊（ETH）也顯示出潛在恢復的跡象。加密分析師Bluntz認為，完成與比特幣類似的ABC校正後，ETH/BTC可能已經觸底了。目前，ETH/BTC的交易約為2,451美元，這表明潛在的上升。

Options Expiry and Market Volatility

期權到期和市場波動

A significant factor influencing near-term price action is the expiration of options contracts. On June 27th, a whopping $15 billion worth of Bitcoin options and $2.29 billion worth of Ethereum options expired on the Deribit exchange. The maximum pain points were at $102,000 for BTC and $2,200 for ETH. This event injected volatility into the market as investors adjusted their positions.

影響近期價格行動的重要因素是期權合約的到期。 6月27日，在Deribit Exchange中，價值高達150億美元的比特幣期權和價值22.9億美元的以太坊期權。 BTC的最大疼痛點為$ 102,000，ETH的最大疼痛點為2,200美元。隨著投資者調整職位，該活動將波動率注入了市場。

Macroeconomic Forces at Play

宏觀經濟作用

Several macroeconomic factors are poised to influence Bitcoin's trajectory in Q3 2025:

有幾個宏觀經濟因素有望影響比特幣的軌跡2025年：

• Federal Reserve Rate Cuts: Expectations for rate cuts are high, potentially boosting crypto markets.
• Rising M2 Money Supply: Increased liquidity could drive demand for assets like Bitcoin.
• US Debt: Rising US debt positions BTC as an attractive hedge.
• Trade War Threat: The expiration of Trump's tariff freeze could trigger volatility.

Analyst Perspectives: Bullish vs. Cautious

分析師的觀點：看漲與謹慎

Market watchers have differing opinions on Bitcoin's potential performance in the coming months. Some analysts, like Ether Wizz, point to increasing spot volume and suggest a new all-time high is just weeks away. Others, like Benjamin Cowen, predict a potential low around August or September, cautioning against Q3 weakness.

市場觀察者對在未來幾個月中比特幣的潛在表現有不同的看法。一些分析師，例如Ether Wizz，指出了斑點量的增加，並暗示新的歷史高位僅幾週。其他人，例如本傑明·科恩（Benjamin Cowen），預測八月或九月左右的潛在較低，警告第三季度弱點。

Final Thoughts

最後的想法

The crypto market is like a rollercoaster, isn't it? Full of ups and downs, twists and turns. While the future is always uncertain, staying informed and understanding the interplay of technical indicators and macroeconomic forces can help you navigate the ride. So buckle up, do your research, and remember: don't bet the farm on memecoins (unless you're feeling particularly wild)!

加密市場就像過山車一樣，不是嗎？充滿了跌宕起伏，曲折。儘管未來總是不確定的，但請保持知情並了解技術指標和宏觀經濟力量的相互作用可以幫助您駕駛這次旅行。因此，搭扣，進行研究，並記住：不要在Memecoins上打賭農場（除非您特別瘋狂）！