比特幣持有超過$ 94K，而機構利益權力下一步推向了$ 10萬美元的里程碑

隨著在過去24小時內市場移動表現出驚人的一致性，比特幣BTC/USD將其位置保持在至關重要的94,000美元障礙之上。

Bitcoin (BTC/USD) is beginning Friday in a similar position to Thursday, with small market movements displaying amazing consistency over the previous 24 hours as yet another portion of price action keeps Bitcoin above the crucial $94,000 barrier.

比特幣（BTC/USD）在周五開始與週四相似的位置，在過去的24小時內，小型市場移動表現出驚人的一致性，因為價格動作的另一部分使比特幣使比特幣高於至關重要的94,000美元障礙。

At the time of writing, Bitcoin is changing hands at $94,300, down a minor 0.4% for the hour and remaining above the key levels of support that prevented prices from slipping fully into the $93,500 zone.

在撰寫本文時，比特幣以94,300美元的價格易手，小時下降了0.4％，並保持超過關鍵的支持水平，這阻止了價格完全滑入93,500美元的區域。

Despite a slight correction earlier this week following a strong run that almost pushed Bitcoin to $97,900 on May 2, the subsequent price action has shown Bitcoin’s resilience in the face of attempts to bring it lower.

儘管本週早些時候進行了稍作糾正，此前經歷了強勁的運行，幾乎將比特幣推向了5月2日的97,900美元，但隨後的價格動作表明了比特幣的彈性，面對使其降低的嘗試。

However, as market analysts highlight a number of key elements that have kept Bitcoin’s future looking bright throughout 2024 so far, it appears that there are a number of technical, on-chain and macroeconomic factors that could propel Bitcoin toward the next key resistance zone at the $100,000 mark.

但是，隨著市場分析師突出了許多關鍵要素，這些要素使比特幣的未來在2024年到目前為止保持光明，似乎有許多技術，鍊和宏觀經濟因素可以將比特幣推向100,000美元的下一個關鍵阻力區。

Strategic Institutional Purchases Underline Market Confidence

戰略機構購買強調市場信心

Even as market trends shift, major institutional players are steadfast in their pursuit of Bitcoin accumulation.

即使市場趨勢發生變化，主要的機構參與者仍然堅定地追求比特幣積累。

In a recent development, Strategy, the investment firm helmed by Michael Saylor, disclosed the acquisition of 1,895 BTC in the first quarter, as reported in its Form 13F filing on May 5. This follows a notable rise in its capital increase plan to support further Bitcoin purchases.

在最近的一項發展中，由邁克爾·賽勒（Michael Saylor）主持的投資公司在5月5日在其13F申請表格中透露了1,895 BTC的收購。這是其資本增加計劃的顯著增加，以支持進一步的比特幣購買。

Now boasting a twofold investment strategy with a capital plan of $42 billion and a total portfolio value of $84 billion, Strategy’s substantial commitments underscore the deep-seated confidence that major institutions have in the long-term value proposition of Bitcoin.

現在擁有一項雙重投資策略，其資本計劃為420億美元，總投資組合價值為840億美元，策略的實質性承諾強調了主要機構對比特幣長期價值主張的深厚信心。

Moreover, the four Bitcoin ETFs have seen impressive capital inflows, amassing a net investment of $4.5 billion over the seven-week period from April 22 to May 2.

此外，這四個比特幣ETF看到了令人印象深刻的資本流入，從4月22日至5月2日的七週期間，淨投資45億美元。

This consistent institutional demand, coupled with Bitcoin’s dominant market position, lays a strong foundation for further price increases in the period ahead.

這種一致的機構需求，再加上比特幣的主要市場地位，為未來時期的進一步價格上漲奠定了堅實的基礎。

Capital Inflows Support Sustainable Recovery

資本流入支持可持續恢復

According to on-chain research by Glassnode, the cryptocurrency market has witnessed significant financial movements in the past month, with new investments totaling $12.58 billion flowing into Bitcoin and Ethereum.

根據GlassNode的鍊鍊研究，加密貨幣市場在過去一個月中見證了重大的財務發展，新投資總計125.8億美元流向比特幣和以太坊。

Meanwhile, stablecoins have attracted another $6.19 billion during the same period, thus augmenting the total market inflows to $18.77 billion.

同時，Stablecoins在同一時期又吸引了61.9億美元，從而將總市場流入增至187.7億美元。

These substantial capital transfers have coincided with the recovery of Bitcoin prices, implying that the present surge has genuine fundamental underpinnings.

這些大量的資本轉移與比特幣價格的回收相吻合，這意味著目前的激增具有真正的基本基礎。

Furthermore, following Bitcoin’s all-time high, analysts at Glassnode observe that exchange flow to network activity ratios have decreased by 1.5x, suggesting that the current growth phase is unfolding more naturally compared to past cycles.

此外，隨著比特幣歷史悠久的高度，玻璃節的分析師觀察到，交換與網絡活動比的流量減少了1.5倍，這表明與過去的周期相比，當前的生長階段的展開更加自然。

As Bitcoin continues to recover from the bear market that began in November 2021, on-chain indicators are displaying a favorable shift.

隨著比特幣繼續從2021年11月開始的熊市中恢復，鏈上的指標表現出了有利的轉變。

According to data from Glassnode, the Market Value to Realized Value (MVRV) Ratio, typically a main support zone during consolidation periods, has returned to its long-term average of 1.74.

根據GlassNode的數據，合併期間的主要支持區的市場價值（MVRV）比率（MVRV）比率恢復了1.74的長期平均值。

This cooling of unrealized gains, especially as the Network Value to Transactions (NVT) ratio remains neutral at 0.5 with Bitcoin priced at $94,400, could set the stage for future expansion.

未實現的收益的冷卻，尤其是因為交易（NVT）比率的網絡價值保持中性為0.5，比特幣的價格為94,400美元，這可能為將來的擴張奠定了基礎。

Bitcoin’s Dominance Surges Amid Altcoin Proliferation

在山寨幣增殖中，比特幣的主導地位激增

At the beginning of May, Bitcoin’s market share reached 70%, marking the highest it has been since January 2021.

5月初，比特幣的市場份額達到了70％，這是自2021年1月以來最高的。

Despite numerous publicized token launches, including seven new projects entering the top 50 cryptocurrencies over the past month (SUI, Toncoin (TON), PI, Official Trump (Trump), Bittensor (TAO), Ethena (ENA), and Celestia (TIA)), this achievement stands out.

儘管有許多宣傳的令牌發布，其中包括七個新項目在過去一個月中進入前50個加密貨幣（Sui，Toncoin（Toncoin（Ton），PI），PI，官方特朗普（Trump），Bittensor（Tao），Ethena（Ena），Ethena（Ena）和Celestia（TIA）），這一成就不在了。

With new altcoins typically attracting interest due to their relative cheapness, the strong market posture of Bitcoin renders riskier rival cryptocurrencies less appealing to new market players, ultimately slowing their ability to gain widespread adoption.

由於新山寨幣的相對廉價性通常會引起興趣，因此比特幣的強烈市場姿勢使風險更高的競爭對手加密貨幣對新市場參與者的吸引力較小，最終減慢了他們獲得廣泛採用的能力。

Furthermore, the futures market is also indicating increasing institutional interest in Bitcoin, with total open interest rising to 669,090 BTC, marking a 21% increase since March 5.

此外，期貨市場還表明，比特幣的機構權益增加，總開放息息升至669,090 BTC，自3月5日以來增長了21％。

Among the major futures exchanges, the Chicago Mercantile Exchange (CME) stands out with approximately $13.5 billion in open interest, showcasing the substantial involvement of conventional financial institutions.

在主要期貨交易所中，芝加哥商業交易所（CME）以大約135億美元的開放利益脫穎而出，展示了常規金融機構的實質性參與。

Bitcoin Price Prediction: Gold Correlation Points to Potential $155K-$250K Target

比特幣價格預測：黃金相關點可能為$ 155K- $ 250K目標

The historical relationship between Bitcoin and gold offers a fascinating framework for price predictions. If past trends hold, Bitcoin might enjoy major increases as gold keeps marching toward $5,000 per ounce.

比特幣與黃金之間的歷史關係為價格預測提供了一個有趣的框架。如果過去的趨勢持續下去，則比特幣可能會大大增加，因為黃金會持續到每盎司5,000美元。

During past contemporaneous rallies, Bitcoin has outpaced gold by factors of 6

在過去的同時集會中，比特幣的黃金超過了6個。