比特幣再次超過了100,000美元的大關

比特幣再次超過了100,000美元的大關，引發了投資者和分析師的樂觀情緒，他們現在預見到加密貨幣

Bitcoin (BTC) price surged past the $100,000 mark once again, sparking optimism among investors and analysts who now foresee the cryptocurrency reaching new all-time highs above $110,000 in May 2025.

比特幣（BTC）的價格再次超過了100,000美元的成績，這引發了投資者和分析師的樂觀情緒，他們現在預計加密貨幣在2025年5月的新歷史高處超過110,000美元以上。

This bullish sentiment is fueled by a combination of strong institutional demand, favorable macroeconomic conditions, and Bitcoin’s robust performance across varying market environments.

強勁的機構需求，良好的宏觀經濟狀況以及比特幣在不同市場環境中的穩健表現的結合，推動了這種看漲的情緒。

As such, here are some of the key factors that could propel Bitcoin to new highs of over $110,000 in May 2025.

因此，這是2025年5月的一些關鍵因素，可以將比特幣推向新高110,000美元以上。

Bitcoin ETF Inflows and Market Dynamics

比特幣ETF流入和市場動態

Institutions have shown an interest in Bitcoin with over $4.5 billion in inflows into spot Bitcoin ETFs since April 1.

自4月1日以來，機構已經對比特幣產生了興趣，其中超過45億美元的投入到現貨比特幣ETF中。

This demand is also visible in the 90-day spot taker cumulative volume delta (CVD), which went buyer-dominant for the first time since March 2024. This signals that institutions and retail investors are showing an interest in purchasing Bitcoin.

自2024年3月以來，該需求也可以在90天Taker累積數量達美（CVD）中看到，該量為自2024年3月以來首次以買方為主。

With demand outpacing supply, the stage is set for a potential supply squeeze that could propel Bitcoin’s price to levels exceeding $110,000 in the near term.

隨著需求超越供應的供應，該階段的設定為潛在的供應壓縮，在短期內將比特幣的價格推向超過110,000美元的水平。

Moreover, a new U.S.-U.K. trade agreement has eased previous economic uncertainties, leading to a broader rally in risk assets, including cryptocurrencies.

此外，一項新的US-UK貿易協定緩解了以前的經濟不確定性，導致風險資產（包括加密貨幣）的更廣泛集會。

Bitcoin’s price climbed to $101,329.97 on May 8, marking a 4.7% daily gain and a recovery from its April low of $74,000.

5月8日，比特幣的價格上漲至101,329.97美元，標誌著4.7％的收益，其4月份低點為74,000美元。

Bitcoin’s Resilience and Risk-Adjusted Returns

比特幣的彈性和風險調整後的回報

Bitcoin has shown the ability to perform well in both risk-on and risk-off environments, indicating its maturity as an asset class.

比特幣表現出在風險和風險環境中表現出色的能力，表明其成熟為資產類別。

According to Bitcoin Suisse, Bitcoin boasts a Sharpe ratio of 1.72, second only to gold, highlighting its superior risk-adjusted returns. This resilience makes Bitcoin an attractive option for investors seeking both growth and a hedge against macroeconomic uncertainties.

根據瑞士比特幣的說法，比特幣的夏普比率為1.72，僅次於黃金，強調了其卓越的風險調整後收益。這種彈性使比特幣成為尋求增長和對沖宏觀經濟不確定性的對沖的投資者的吸引力。

“In this environment, Bitcoin has emerged as the Swiss army knife asset,” said Dominic Weibei, head of research at Bitcoin Suisse.

“在這種環境下，比特幣已成為瑞士軍刀資產，”瑞士比特幣研究負責人多米尼克·韋貝（Dominic Weibei）說。

“Whether equities rally or bonds crumble, BTC trades on its supply-demand fundamentals, delivering a win-win profile that traditional assets simply can’t offer.”

“無論股票集會還是債券崩潰，BTC都以其供求基本面進行交易，提供了傳統資產無法提供的雙贏資料。”

BTC Technical Outlook and Future Projections

BTC技術前景和未來的預測

Technical analysts are keeping an eye on key resistance and support levels. Tyler Richey, co-editor at the Sevens Report, identifies resistance bands at $106,500 and $101,500.

技術分析師正在關注關鍵阻力和支持水平。 Sevens Report的共同編輯Tyler Richey確定電阻帶為106,500美元和101,500美元。

A sustained move above these levels could position Bitcoin to test its all-time high of $109,225. Conversely, a drop below the support level of $93,780 may lead to a pullback toward $80,000.

超過這些水平的持續移動可能會使比特幣測試其歷史最高售價109,225美元。相反，低於93,780美元的支撐級別的下降可能會導致回調至80,000美元。

Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin is more likely to reach $110,000 before experiencing any significant correction below $76,500.

BITMEX的聯合創始人Arthur Hayes預測，比特幣更有可能達到110,000美元，然後再進行76,500美元以下的任何重大更正。

He attributes this potential rally to easing monetary policies and increasing global liquidity, which are expected to bolster risk assets like Bitcoin.

他將這種潛力歸因於寬鬆的貨幣政策和增加全球流動性，這有望加強像比特幣這樣的風險資產。

As Bitcoin navigates new highs and technical levels, the macroeconomic landscape and institutional demand will continue to shape the cryptocurrency’s trajectory in the coming months.

隨著比特幣在新的高潮和技術水平上航行時，宏觀經濟的格局和機構需求將在未來幾個月內繼續塑造加密貨幣的軌跡。