加密公牛受到比特幣（BTC）價格升至10,000美元以上

在過去的一周中，加密公牛隊受到了勇敢的勇氣

Crypto bulls were emboldened over the past week as improvements on the trade war front provided a boost to financial markets and helped Bitcoin climb back above $105,000 for the first time since late January.

在過去的一周中，加密公牛隊受到了勇敢的勇氣，因為貿易戰線的改進為金融市場提供了推動力，並幫助比特幣自1月下旬以來首次攀升至105,000美元以上。

Data provided by TradingView shows that after several failed attempts to break above $98,000, King Crypto surged past $100,000 on Thursday, and is now consolidating above the psychologically important level, with $102,000 acting as support.

TradingView提供的數據表明，在幾次失敗的嘗試中斷超過98,000美元之後，King Crypto週四飆升了100,000美元，現在正鞏固高於心理上重要的水平，102,000美元的支持。

BTC/USD 1-day chart. Source: TradingView

BTC/1天圖表。資料來源：TradingView

Multiple factors have contributed to Bitcoin's breakout rally, including heavy inflows into spot BTC ETFs and the rush to acquire by businesses, which have been the largest net buyers of Bitcoin so far this year.

多種因素促成了比特幣的突破集會，包括大量流入BTC ETF和急於被企業收購，企業是今年迄今為止比特幣最大的淨購買者。

Businesses are the largest net buyer of bitcoin so far this year, lead by @Strategy which makes up 77% of the growth. pic.twitter.com/Bbj89gyk2h

企業是今年迄今為止最大的比特幣淨購買者，由@Strategy領導，佔增長的77％。 pic.twitter.com/bbj89gyk2h

Strategy (formerly MicroStrategy) is by far the largest corporate crypto whale, accounting for 77% of all holdings, but the list of businesses accumulating BTC on their balance sheet is growing.

策略（以前是MicroStrategy）是迄今為止最大的公司加密鯨魚，佔所有股份的77％，但在資產負債表上積累BTC的企業清單正在增長。

In April, Bitwise reported that at least twelve public companies bought Bitcoin for the first time in Q1 2025. The amount of Bitcoin held on the books of publicly traded companies rose by 16% for the period, with more than 95,000 Bitcoin added to corporate portfolios. Notable newcomers to the Bitcoin market this year include video streaming platform Rumble, which made its first purchase in March, Hong Kong construction firm Ming Shing, and Hong Kong investment firm HK Asia Holdings Limited.

4月，Bitwise報導說，至少十二個上市公司在第1季度2025年首次購買了比特幣。該期間，公共交易公司賬面上持有的比特幣數量上升了16％，其中95,000多名比特幣添加到公司投資組合中。今年，比特幣市場的著名新移民包括視頻流平台Rumble，該平台於3月首次購買，香港建築公司Ming Shing和香港投資公司HK Asia Holdings Limited。

As a result of increased purchases by businesses, Bitcoin has become deflationary, according to CryptoQuant founder and CEO Ki Young Ju.

CryptoQuant創始人兼首席執行官Ki Young Ju表示，隨著企業購買的增加，比特幣已變得放置。

#Bitcoin is deflationary.@Strategy is buying BTC faster than it's mined. Their 555K BTC is illiquid with no plans to sell. MSTR's holdings alone mean a -2.23% annual deflation rate—likely higher with other stable institutional holders. pic.twitter.com.png

#bitcoin是放氣。 @策略的購買BTC速度比開采的速度快。他們的555k BTC流動不足，沒有出售的計劃。僅MSTR的持股量就意味著每年的通氣率為-2.23％ - 其他穩定的機構持有人也更高。 pic.twitter.com.png

While some analysts warn that BTC looks overheated and could see a pullback in the near term, overall, an extended rally is expected, with most predicting a peak between $125,000 and $140,000.

儘管一些分析師警告說，BTC看起來過熱，並且可能會在短期內看到回調，但總體而言，預計將進行延長的集會，大多數人預計高峰在125,000美元至140,000美元之間。

Ethereum Rebound Hints at Approaching Altseason

以太坊反彈提示即將接近Altseason

It wasn’t just Bitcoin that enjoyed a bullish run-up over the past week, as altcoins, including Ethereum (ETH), exploded higher, with Ether recording a 44.5% gain.

在過去一周中，比特幣不僅享受了看漲的起作用，而且包括以太坊（ETH）在內的山寨幣爆炸了，以太幣的收益增長了44.5％。

ETH/USD 1-day chart. Source: TradingView

ETH/1天圖表。資料來源：TradingView

The spike higher followed the successful launch of Ethereum's Pectra upgrade on its mainnet, which improved the storage of layer-2 scaling data, validator user experience, and smart account wallet user experience features.

峰值更高，隨後以太坊的Pectra升級成功啟動了其主網，該升級升級了2層縮放數據，驗證器用戶體驗和智能帳戶錢包用戶體驗功能的存儲。

As a result of Ether's performance, the token broke the long-running downtrend on the ETH/BTC chart, a development many analysts had been anticipating for some time.

由於Ether的性能，代幣打破了ETH/BTC圖表上長期運行的下降趨勢，許多分析師已經期待了一段時間。

ETH/BTC 1-day chart. Source: TradingView

ETH/BTC 1天圖表。資料來源：TradingView

At the time of writing, Ether trades at $2,650, with many analysts speculating that a run toward $10,000 will happen in the coming months.

在撰寫本文時，以太交易價格為2,650美元，許多分析師猜測將在未來幾個月內朝10,000美元運行。

While Bitcoin's 7% rally over the past week was impressive, altcoins in the top 50 vastly outperformed the top dog, stoking hopes that an altseason – defined as periods when 75% of the top 50 altcoins outperform Bitcoin over a rolling 90-day time frame – is on the horizon.

儘管過去一周比特幣的7％集會令人印象深刻，但前50名中的山寨幣勝過頂級狗，但希望的是，在前50名替代幣中有75％以比90天的時間範圍優於比特幣中的75％的altseason（定義為時期）。

Strong bearish divergence on the weekly timeframe indicating that the #Bitcoin dominance has peaked. The end of the bear market for #Altcoins. pic.twitter.com/rxLR

在每週的時間範圍內強烈的看跌差異表明#bitcoin的主導地位已達到頂峰。 #altcoins熊市的終結。 pic.twitter.com/rxlr

According to the Altcoin Season Index, the recent market surge signals a potential shift away from Bitcoin dominance, and altcoins may soon begin to outperform.

根據Altcoin季節指數，最近的市場激增標誌著從比特幣優勢統治的可能轉變，而Altcoins可能很快開始跑贏大盤。

Altcoin season index. Source: Blockchain Center

Altcoin季節指數。資料來源：區塊鏈中心

Another sign of the growing appeal of altcoins is Tether (USDt) dominance, which has dropped to its lowest level since early February, at 4.53% on May 13.

替補幣越來越上吸引力的另一個跡像是Tether（USDT）優勢，自2月初以來，它已下降到最低水平，在5月13日下降到4.53％。

With both Bitcoin and Tether dominance falling while the total crypto market cap rises, it suggests that traders are starting to allocate towards alts ahead of the anticipated rally, which some say will be the most impressive altseason to date.

隨著比特幣和繫繩的統治地位下降，而總加密貨幣市值則上升，這表明交易者開始在預期的集會之前分配給Alts，有人說這將是迄今為止最令人印象深刻的Altseason。

The biggest #ALTSEASON ever is about to start pic.twitter.com/vI30nmw1v9

有史以來最大的#altseason即將開始pic.twitter.com/vi30nmw1v9

Only time will tell how it all shakes out in the end, but if the performance over the past week is any indication, the second half of 2025 could be exciting for crypto holders.

只有時間才能說明一切最終如何發揮作用，但是如果過去一周的表現有任何跡象，那麼2025年下半年對於加密貨幣持有人來說可能會令人興奮。