比特幣的每週最高收盤價為106,516美元

比特幣在2025年5月18日達到了有史以來最高的每週最高收盤價，比1月以來的109,358美元的歷史高點僅比其歷史最高少3％。

Bitcoin reached its highest-ever weekly close on May 18 at $106,516, sitting just 3% below its all-time high of $109,358 from January.

比特幣在5月18日達到了有史以來最高的每週收盤價，售價為106,516美元，比1月起的109,358美元的歷史最高點僅比其歷史最高少3％。

This marks Bitcoin’s sixth straight week of gains as institutional investments continue to pour into U.S. bitcoin ETFs and macroeconomic uncertainty drives new interest in the digital currency.

這標誌著比特幣連續第六週的收益，因為機構投資繼續投入美國比特幣ETF和宏觀經濟不確定性引起了對數字貨幣的新興趣。

Major financial companies invested more than $608 million into U.S. spot bitcoin ETFs last week alone, according to data from Bitwise Asset Management. In the first half of May, total investments exceeded $2.8 billion, and ETF assets now exceed $122 billion.

根據Bitwise Asset Management的數據，主要金融公司僅上周向美國現貨比特幣ETF投資了超過6.68億美元。在5月上半年，總投資超過28億美元，而ETF資產現在超過1,220億美元。

Bitcoin’s close above $106,000 is a rare event in its history. According to on-chain researcher Dan, Bitcoin has closed above $106,439 only once before—making up just 0.02% of its trading history. Prices have exceeded $100,000 on only 40 days.

比特幣在106,000美元以上的收盤價是其歷史上罕見的事件。根據鍊鍊研究員Dan的說法，比特幣僅在106,439美元以上收盤一次，僅佔其交易歷史的0.02％。僅40天的價格超過了100,000美元。

Bitcoin's price action might be following a pattern similar to November 2024, where the cryptocurrency experienced a rally of about $30,000 over three weekly periods. So far this month, Bitcoin has climbed roughly $12,000, moving from $94,000 to over $106,000 before settling around $105,400.

比特幣的價格行動可能遵循類似於2024年11月的模式，在該模式中，加密貨幣在每週三個期間經歷了約30,000美元的集會。本月到目前為止，比特幣已經攀升了約12,000美元，從94,000美元轉移到106,000美元以上，然後定居於105,400美元左右。

Bitcoin price action. Source: TradingView

比特幣價格動作。資料來源：TradingView

The supply-demand imbalance is driving prices higher, according to Matt Hougan, Chief Investment Officer at Bitwise. Miners will produce only about 165,000 new bitcoins in 2025, but companies and ETFs have already bought more than that amount.

BITWISE首席投資官Matt Hougan表示，供需不平衡的價格提高了價格。礦工將在2025年只生產約165,000個新的比特幣，但公司和ETF的購買金額超過了這一數額。

“BTC is now traded as the newest macro asset in 150 years, it’ll continue to absorb capital until it reaches equilibrium at the 8% growth rate with 3% economic growth and 5% money supply expansion,” wrote analyst Willy Woo on social media.

“ BTC現在被交易為150年來最新的宏觀資產，它將繼續吸收資本，直到它以8％的增長率達到平衡，經濟增長3％和5％的貨幣供應量擴展。”社交媒體上的分析師Willy Woo在社交媒體上寫道。

According to Woo, Bitcoin’s yearly growth rate might stabilize around 8% in the next 15 to 20 years. “Until then enjoy the ride because almost no publicly investable product can match BTC performance long term even as BTC’s CAGR continues to erode.”

根據Woo的數據，比特幣的年增長率可能在未來15至20年內穩定在8％左右。 “在此之前，享受這次旅行，因為即使BTC的複合年增長率繼續侵蝕，幾乎沒有任何公共投資產品可以長期與BTC的性能相匹配。”

The rally comes amid mixed economic signals. A temporary 90-day tariff reduction between the U.S. and China has helped somewhat, but high taxes remain on electric vehicles, computer chips, and consumer electronics.

在經濟信號混合的情況下，集會出現。美國和中國之間的臨時90天關稅有所幫助，但在電動汽車，計算機芯片和消費電子產品上仍然有高稅收。

The credit rating agency Moody’s recently downgraded the U.S. government from AAA to AA1, citing concerns over growing government debt and wider budget deficits.

信用評級機構穆迪（Moody）最近將美國政府從AAA降至AA1，理由是擔心政府債務不斷增長和更廣泛的預算赤字。

With inflation worries still in the minds of investors, many seem to be turning to Bitcoin as a possible hedge against rising prices.

由於投資者的腦海仍然令人擔憂，許多人似乎正在將比特幣視為價格上漲的可能性。

Bitcoin’s next major resistance level is breaking through its January peak of $109,358. However, analyst Bluntz has spotted a bearish divergence on the daily chart which could slow Bitcoin’s rise. This happens when price makes a higher high but technical indicators show weakening momentum, suggesting buying pressure might be fading despite the price rally.

比特幣的下一個主要阻力水平將突破其1月的峰值109,358美元。但是，分析師Bluntz在每日圖表上發現了看跌差異，這可能會減慢比特幣的上升。當價格提高較高但技術指標表現出較弱的動力時，這種情況就會發生，這表明儘管價格集會，購買壓力可能會逐漸消失。

Whether Bitcoin will keep climbing to new highs or face resistance at this point remains to be seen. For now, institutional investments and macroeconomic uncertainty are the main forces driving the market as more people start using cryptocurrency.

在這一點上，比特幣是否會繼續攀升到新的高點或面部阻力還有待觀察。目前，隨著越來越多的人開始使用加密貨幣，機構投資和宏觀經濟不確定性是推動市場的主要力量。