隨著機構購買激增的面對市場過熱的擔憂，比特幣接近歷史最高

比特幣BTC/USD上漲了1.7％，超過了103,000美元，由於機構積累和改善宏觀經濟條件，比特幣BTC/USD牢固地高於其最低點。

Bitcoin (BTC) price clocked in on Monday with a 1.7% rise to no less than $103,000 as institutional purchasing activity continued to build.

隨著機構採購活動的繼續建立，比特幣（BTC）的價格在周一上漲了1.7％，至不少於103,000美元。

Pointing to a new all-time high around $110,000, several analysts saw no immediate threat to the bull market despite concerns over market overheating.

儘管擔心市場過熱，但幾位分析師指出了新的歷史最高高點，但有幾位分析師對牛市沒有立即威脅。

Bitcoin surpasses $100K again as institutional buying ramps up

隨著機構購買坡道的增加，比特幣再次超過$ 10萬美元

Beginning the week on a high note, Bitcoin nonetheless slipped somewhat from Friday’s levels, remaining well above its lowest point for 2024.

從一周開始的一周開始，比特幣從周五的水平上有所下滑，遠高於其2024年的最低點。

Despite a new high from the CBOE Volatility Index (VIX), which dropped to its 30-year average of 20 following a US-China trade deal bringing a 90-day tariff truce earlier this year, bullish trends appeared to be continuing.

儘管CBOE波動率指數（VIX）的新最高點，但在美國 - 中國貿易協議帶來了今年早些時候的90天關稅休戰之後，其平均20年的平均水平為20年，但看漲趨勢似乎仍在繼續。

From a top of 60 earlier this year, the VIX had dropped to 20, while US inflation also continued to cool; April’s Consumer Price Index, the lowest since February 2021, came in at 2.3% year over year.

從今年早些時候的60個頂級開始，VIX降至20，而美國的通貨膨脹也繼續冷卻。四月的消費者價格指數是2021年2月以來最低的，佔地2.3％。

According to Bitcoin network economist Timothy Peterson, these elements, in turn, pointed to a “risk-on” environment that could drive Bitcoin to $135,000 within 100 days, based on his model which he claimed had a 95% historical accuracy.

根據比特幣網絡經濟學家蒂莫西·彼得森（Timothy Peterson）的說法，這些要素又指出了“風險啟用”環境，它可能在100天內將比特幣在100天內提高到135,000美元，這是他的模型，他聲稱這具有95％的歷史準確性。

"We're about 100 days out from the last all-time highs in March 2024, and my model for predicting major price swings in Bitcoin has a 95% success rate over the last 18 years, " Peterson wrote in part of a blog post on Monday.

彼得森在周一的博客帖子的一部分中寫道：“我們從2024年3月的最後一個歷史新高的高點開始了大約100天，而我預測比特幣的主要價格波動的模型在過去18年中的成功率為95％。”

"My model predicts that, given the current trends in macroeconomic indicators like the VIX and inflation, Bitcoin is likely to continue rallying to new highs within the next 100 days. I expect to see price levels in the $135,000 range."

“我的模型預測，鑑於當前的宏觀經濟指標（如VIX和通貨膨脹）的當前趨勢，比特幣可能會在接下來的100天內繼續升至新的高點。我希望價格水平在135,000美元之間。”

At the same time, though, the Fear & Greed Index grew to 53.3% on Monday, still out of extreme euphoric ranges.

不過，與此同時，週一的恐懼和貪婪指數仍增加到53.3％，但仍然出於極端的欣喜。

The Bitcoin Bull Score Index, meanwhile, shot up massively from 20 to 80, and will hit its greatest level in 2025.

同時，比特幣公牛得分指數從20點大幅上升到80，並將在2025年達到其最大水平。

"We're seeing a strong institutional interest in cryptocurrencies, particularly Bitcoin, which is evident in recent investments by major companies and venture capitalists," Dragosch said.

Dragosch說：“我們看到了對加密貨幣的強烈興趣，尤其是比特幣，這在主要公司和風險投資家最近的投資中很明顯。”

"This influx of capital is putting upward pressure on prices and fueling the bull market in cryptocurrencies."

“這種資本的湧入正對價格施加了上升壓力，並以加密貨幣的價格助長了牛市。”

Treasury companies and 'this cycle's bubble'

財政公司和“這個週期的泡沫”

The subject of companies buying up Bitcoin to add to their treasuries continued to be a point of contention among market participants.

購買比特幣以增加國庫的公司的主題繼續是市場參與者之間的爭執。

Some called the trend, which is seeing an increasing number of firms take on large BTC holdings, “this cycle’s bubble.”

有人稱這種趨勢是越來越多的公司承擔了大型BTC持有的“這個週期的泡沫”。

"These companies are generating shares out of nothing to buy Bitcoin. They have no revenue, no earnings, and minimal underlying value other than their BTC exposure," market analyst Ben Armstrong stated.

市場分析師本·阿姆斯特朗（Ben Armstrong）說：“這些公司沒有購買比特幣的股份。除了其BTC敞口以外，它們沒有收入，沒有收益和最低的基本價值。”

"It's an interesting cycle we're seeing play out."

“這是我們看到的有趣的周期。”

Leading the way was Strategy (formerly MicroStrategy), which had an overall holding of 568,840 BTC. Afterwards came MARA Holdings with 48,237 BTC and Twenty One Capital with 36,312 BTC.

領先的是策略（以前是微型策略），總體持有568,840 BTC。此後，瑪拉（Mara Holdings）以48,237 BTC和二十一位資本為36,312 BTC。

However, several other companies were engaging in Bitcoin accumulation tactics, ranging from metaverse project Metaplanet and medical technology firm Semler Scientific to KULR Technology, which specializes in thermal management solutions for critical electronic devices.

但是，其他幾家公司正在從事比特幣的積累策略，從元項目Metaplanet和醫療技術公司Semler Scientific到Kulr Technology，該技術專門從事關鍵電子設備的熱管理解決方案。

In some cases, the companies were trading at valuations that were hugely inflated compared to their business fundamentals, which ultimately posed a concern for investors focused on standard investment criteria.

在某些情況下，與其業務基本面相比，這些公司正在以估值的交易，最終對專注於標準投資標準的投資者引起了人們的關注。