增強的全球貿易條件增強了加密貨幣，使以太價格飛漲

關於美國 - 中國貿易協議和美國國際協定協議的討論使美國總統唐納德·特朗普的混亂貿易議程的情感變為增強全球貿易條件，從而在上週促進了加密貨幣。

Despite a strong start to the year for crypto, it has been a volatile few months for digital assets.

儘管加密本年度的開端很強，但對於數字資產來說，這已經是動蕩的幾個月。

Following a volatile few months for digital assets, arising from a turbulent macroeconomic backdrop, crypto is now displaying signs of recovery.

在動蕩的宏觀經濟背景引起的數字資產幾個月的動蕩之後，加密貨幣現在正在顯示恢復的跡象。

After U.S. President Donald Trump's muddled trade agenda set the tone for a bleak outlook on global trade, the latest developments have pivoted to highlight the improvements in external economic conditions.

在美國總統唐納德·特朗普（Donald Trump）的混亂貿易議程為全球貿易的黯淡前景定下了基調之後，最新的事態發展促進了強調外部經濟狀況的改善。

This shift in narrative has had a positive impact on risk-appetite and, subsequently, boosted cryptos.

敘事的這種轉變對風險蘋果岩產生了積極的影響，隨後，加密蛋白會提高加密貨幣。

Ether, the second-largest cryptocurrency, saw its biggest weekly gain in 2021 as trade deal hopes and a network upgrade boosted the token.

第二大加密貨幣Ether在2021年的每週收益最大，因為貿易協議希望和網絡升級增強了令牌。

The second-largest cryptocurrency surged 14% on Friday to reach $2,490, marking a nearly 33% weekly gain. The last time the token saw anything close to this magnitude was in 2021, during the pandemic's crypto bubble.

週五，第二大加密貨幣飆升了14％，達到2,490美元，標誌著每週近33％。在大流行的加密泡沫期間，代幣上次看到了接近這一範圍的任何東西。

Speculative excesses and low interest rates fueled the surge back then.

當時的投機性過高和低利率助長了激增。

Bitcoin wasn't far behind as the OG token rose 0.8% to $104,336, which was driven by better-than-expected confidence in the digital asset market after the U.S. and U.K. announced a new trade agreement.

比特幣並沒有落後，因為OG代幣上漲了0.8％，至104,336美元，這是在美國和英國宣布新的貿易協定後對數字資產市場的信心高於預期的。

After a period of rising tariffs from President Trump’s administration rattled risk markets, the U.S. has moved to forge trade deals with the U.K., and now China, suggesting a broader improvement in international economic relations.

在特朗普總統政府的關稅一段時間加劇了風險市場之後，美國已開始與英國和現在的中國達成貿易協定，這表明國際經濟關係有了更大的改善。

The renewed interest in Ether can be linked to investors' growing attention on Ethereum's ongoing technological advancements.

對以太的新興趣可能與投資者對以太坊持續的技術進步的關注有關。

The recent activation of the Pectra upgrade on the network is widely viewed as a crucial step in improving cryptocurrency's commercial infrastructure.

pectra在網絡上的升級最近激活被廣泛認為是改善加密貨幣的商業基礎設施的關鍵步驟。

These changes are essential for maintaining competitiveness against rapidly developing alternatives like Solana.

這些變化對於保持競爭力與諸如Solana之類的替代方案的競爭力至關重要。

They aim to enhance network efficiency, enable more sophisticated wallet functionalities, and decrease transaction costs.

它們旨在提高網絡效率，實現更複雜的錢包功能並降低交易成本。

However, even with the latest rally, Ether is still around 50% below its peak in November 2021, highlighting its lagging performance compared to Bitcoin and other leading digital assets.

但是，即使在最新的集會上，Ether仍然比2021年11月的峰值低約50％，與比特幣和其他領先的數字資產相比，其滯後性能。

As Bitcoin approached the $100,000 milestone on Thursday, investors liquidated cryptocurrency futures and perpetual contracts at an extraordinary pace.

隨著比特幣在周四接近100,000美元的里程碑時，投資者以非凡的速度清算了加密貨幣期貨和永久合同。

Data from Coinglass reveals that the short position liquidation reached $836 million on Wednesday, the highest level observed since at least November 10.

Coinglass的數據表明，至少11月10日以來，較短的清算週三達到了8.36億美元，這是最高水平。

On the last day, unwinding negative positions against Ether generated $290 million.

在最後一天，對以太的負面立場產生了2.9億美元。

As short sellers usually move quickly to buy back and close out their positions, these liquidations can significantly drive up prices.

由於賣空者通常會迅速移動以回購併關閉其頭寸，因此這些清算可以大大提高價格。

Deribit, the main cryptocurrency options exchange, shows that the majority of Bitcoin option trades are hedges.

主要的加密貨幣選項交換deribit表明，大多數比特幣期權交易是對沖。

The second-highest open interest is in puts expiring on May 30 with a strike price of $65,000, while the highest is associated with calls at $100,000 on the same expiration date.

開放式第二高的利息是在5月30日到期，打擊價格為65,000美元，而最高的電話在同一到期日期為100,000美元的電話相關。

There is a clear sense of optimism across different contract maturities.

在不同的合同期間有明顯的樂觀感。

With Polymarket bets on Bitcoin’s chances of $105,000 already being deployed, the crypto betting site is likely to show further upside soon (this level was breached earlier today, although it has since retreated slightly).

由於Polymarket在比特幣已經部署了105,000美元的機會的機會上下注，加密博彩網站可能很快就會出現進一步的上升空間（該水平今天早些時候洩露了，儘管此水平已稍微撤退了）。

Matthew Hougan, chief investment officer at Bitwise Asset Management, predicted in a recent blog post and interview that Bitcoin will reach above $200,000 this year, among many other cryptocurrencies set to hit new all-time highs.

Bitwise Asset Management的首席投資官Matthew Hougan在最近的博客文章和採訪中預測，比特幣今年將達到200,000美元以上，其中許多其他將達到新歷史高峰的加密貨幣。

Arthur Hayes, chief information officer at Maelstrom, and Geoff Kendrick, a senior expert at Standard Chartered, are among those forecasting that Bitcoin will reach $200,000 by year-end.

Maelstrom首席信息官Arthur Hayes和Standard Chartered的高級專家Geoff Kendrick是預測比特幣將按年底達到20萬美元的人之一。

The latest increase in sentiment highlights a significant shift after Bitcoin experienced a substantial decline to $74,500 just a few weeks ago.

最新的情感增長重點是，幾週前比特幣經歷了大幅下降至74,500美元之後，情況發生了重大轉變。

Technical indicators are now flashing a buy signal.

技術指標現在正在閃爍購買信號。

While oscillators indicate a sell signal, moving averages overwhelmingly suggest a strong buy.

儘管振盪器表明賣出信號，但以壓倒性的方式移動平均表明是強勁的買入。

Among the oscillator indicators, the Relative Strength Index (14), Commodity Channel Index (20), Momentum (10), Stochastic RSI Fast (3, 3, 14, 14), and Williams Percent Range (14) signaled a sell.

在振盪器指標中，相對強度指數（14），商品通道指數（20），動量（10），隨機RSI快速（3、3、3、14、14）和Williams百分比範圍（14）表示賣出。

However, the MACD Level (12, 26) and Ultimate Oscillator (7, 14, 28) pointed toward a buy. The remaining indicators showed a neutral reading.

但是，MACD級別（12、26）和最終振盪器（7、14、28）指向買入。其餘指標顯示中性讀數。

Within the moving average indicators, nearly all signaled a buy.

在移動平均指標中，幾乎全部都表示購買。

The Hull Moving Average (9) indicated a sell signal, while the Ichimoku Base Line (9, 26, 52, 26) suggested a neutral reading.

船體移動平均值（9）表示賣出信號，而Ichimoku基線（9、26、52、26）提出中性讀數。