比特幣價格以強勁的小時搬遷開放，攀升1.7％，達到105705美元

比特幣以強勁的小時搬遷開業，在周一早些時候交易中攀升1.7％，達到105705美元。

Bitcoin price climbed strongly on Monday, opening the week with an hourly move of 1.7%.

比特幣的價格在周一強勁上漲，每小時搬遷1.7％。

The surge brought the asset to its highest level since January’s all-time high.

自一月曆史最高水平以來，這一激增使資產達到了最高水平。

Broader markets also saw a rotation toward risk-on.

更廣泛的市場也向風險進行旋轉。

Bitcoin price rose sharply in the early hours of Monday, adding 1.7% over the course of one hour.

比特幣價格在周一凌晨急劇上漲，在一小時的時間內增加了1.7％。

The move, which unfolded between 07:00 and 08:00 (UTC), saw BTC trade from around $103,200 to just under $106,000, putting it within 4% of price discovery levels. However, it has since retraced slightly to $104,700 at press time.

此舉在07:00至08:00（UTC）之間展開，BTC的交易從103,200美元左右達到了106,000美元以下，將其置於價格發現水平的4％之內。但是，此後，它在發稿時略有回顧至104,700美元。

The rally comes as the BBC is now reporting confirmation of progress in US-China trade negotiations, with Scott Bessent declaring a 90-day pause, stating,

集會是由於英國廣播公司（BBC）現在報告了美國 - 中國貿易談判進展的確認，斯科特·貝斯特（Scott Bessent）宣布停頓90天，指出，說

“After “robust” discussions, the US and China have agreed a 90-day pause on “reciprocal” tariffs, meaning both sides will reduce their tariffs by 115%.”

“經過“強大的”討論，美國和中國同意對“倒數”關稅的90天停頓，這意味著雙方都將使關稅降低115％。”

The move also coincided with a risk-on environment in broader markets. Spot gold fell 1.4% on the session, retreating to $3,278 per ounce as optimism surrounding US-China trade talks weighed on safe-haven demand.

此舉還與更廣泛的市場中的風險環境相吻合。 Spot Gold在會議上下降了1.4％，撤退至每盎司3,278美元，因為圍繞美國 - 中國貿易談判的樂觀情緒與避風港的需求施加壓力。

Meanwhile, WTI crude futures climbed 1.5%, extending a multi-day rally. Bitcoin’s price action mirrored this macro rotation, tracking higher alongside oil and equities while decoupling from gold.

同時，WTI原油期貨攀升了1.5％，延長了多天的集會。比特幣的價格動作反映了這種宏旋轉，在與黃金脫鉤的同時，與石油和股票一起跟踪更高。

This pattern has emerged during periods of reduced risk aversion, suggesting traders are reclassifying Bitcoin as a beta-macro asset rather than a defensive hedge.

這種模式在降低風險厭惡時期已經出現，這表明交易者正在將比特幣重新分類為beta-macro資產，而不是防禦性的對沖。

Flows into Bitcoin spot exchange-traded funds also remain a key driver. According to data compiled by Farside Investors, cumulative inflows across US-listed spot Bitcoin ETFs crossed $41 billion, with $321 million of inflows on Friday.

流入比特幣現貨交換貿易資金也仍然是關鍵驅動力。根據Farside Investors彙編的數據，美國上市的現場比特幣ETF的累積流入率越過41億美元，週五的流入為3.21億美元。

The products are absorbing BTC at rates six times higher than the current mining issuance. These inflows reinforce upward price pressure, particularly during low-liquidity periods when order book depth is limited.

這些產品的吸收BTC的速度是當前發行的六倍。這些流入加劇了向上的價格壓力，尤其是在訂單簿深度有限的低流動性期間。

Price action around the $106,000 level could prove decisive, with bids stacked slightly below and limit sells beginning to populate overhead.

售價約106,000美元的價格行動可能是決定性的，投標略低於略低，限制賣出開始居住在開銷中。

The broader context reflects the improved macro sentiment. The BBC reported that China has now confirmed “suspension of tariff countermeasures,” helping calm investor concerns over tariffs and global demand.

更廣泛的背景反映了宏觀情緒的改善。英國廣播公司（BBC）報告說，中國現在已經確認了“暫停關稅對策”，這有助於投資者對關稅和全球需求的關注。

As a result, the US dollar has traded relatively flat, with yields hovering near recent lows. This environment supports risk assets and has historically favored crypto price appreciation.

結果，美元的交易相對平坦，收益率徘徊在最近的低點附近。該環境支持風險資產，並在歷史上偏愛加密貨幣價格讚賞。

The move also follows Bitcoin’s rebound above $100,000 last week, when renewed inflows and improving sentiment erased April’s tariff-driven drawdown. Traders are now watching for sustained momentum as the asset approaches previous highs.

此舉還遵循比特幣上週超過100,000美元的反彈，當時又有了恢復流入和改善的情緒，從而消除了4月關稅驅動的縮水。當資產接近以前的高點時，交易者現在正在關注持續的勢頭。

While the $105,000 level has psychological weight, it remains a technical midpoint between resistance at $106,400 and support near $102,400.

雖然$ 105,000的水平具有心理體重，但它仍然是阻力為106,400美元和支撐近102,400美元之間的技術中點。

Monday’s activity places Bitcoin back near the upper boundary of its 2025 range. Whether flows and macro conditions can support a sustained move beyond the January high will likely depend on upcoming catalysts, including Tuesday’s US CPI report and Federal Reserve commentary.

週一的活動將比特幣放回其2025年範圍的上邊界附近。流量和宏觀條件是否可以支持超出一月高的持續轉變，這可能取決於即將到來的催化劑，包括週二的美國CPI報告和美聯儲評論。

For now, Bitcoin’s return to $105,000 reaffirms its position at the forefront of risk appetite in global markets.

目前，比特幣返回到105,000美元，重申了其在全球市場風險胃口最前沿的地位。