一月結束的比特幣價格在102,400美元以上的收盤價較高，這將是有史以來最高的每月關閉，這證明牛市的速度持續了很快。

超過30億美元的比特幣短期職位易受損害，超過$ 107,000，創造了一種“清算磁鐵”，可以將BTC價格發送到新的高點。

An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, and also saw the highest weekly close since 2017.

超過102,400美元以上的月末比特幣價格將確定有史以來最高的收盤價，並且每週都在2017年以來最高的收盤價。

If the cryptocurrency manages to rally further to $107,000 then it would liquidate over $3 billion in short positions, which could act as a “liquidation magnet” to send BTC price to new highs.

如果加密貨幣設法進一步漲至107,000美元，那麼它將清算超過30億美元的短職位，這可以用作“清算磁鐵”，以將BTC價格發送到新高點。

Bitcoin (BTC) is 11 days out from potentially setting its highest monthly candle close in history.

比特幣（BTC）距離潛在地設置其歷史上最高的每月蠟燭距離為11天。

After notching up a record weekly close of $106,407 on May 18, BTC could yet secure a new monthly high by closing above $102,400 this month.

5月18日，在每週收盤價為106,407美元之後，BTC可以通過本月收盤超過102,400美元來確保新的每月高點。

This would be the highest monthly close since December 2017, when Bitcoin last traded above $91,000, highlighting the rapid pace of the bull market.

這將是自2017年12月以來的每月最高收盤時，當時比特幣上次交易超過91,000美元，突出了牛市的快速速度。

Bitcoin is also approaching price discovery

比特幣也正在接近價格發現

With respect to its current market trend, Bitcoin is inches away from a ‘price discovery’ period, as noted by crypto trader Jelle.

就其當前市場趨勢而言，比特幣距離“價格發現”時期只有幾英寸的距離，正如加密貨幣交易員傑爾（Jelle）所指出的那樣。

Price discovery in this context refers to the process where buyers and sellers interact at an undefined or non-traded range to determine the market price of an

在這種情況下，價格發現是指買賣雙方在未定義或非交易範圍內進行交互的過程，以確定

A break above Bitcoin's all-time high of $110,000 would initiate a price discovery phase, driving BTC into an uncharted trading range with successive higher highs until market participants establish a new equilibrium between supply and demand.

超過比特幣的歷史最高高價110,000美元的突破將啟動價格發現階段，將BTC帶入未知的交易範圍，連續更高的高點，直到市場參與者在供應和需求之間建立了新的平衡。

Cointelegraph reported that Bitcoin is close to confirming a “golden cross” on its daily chart, which has historically preceded 45% to 60% price rallies. Such a move coincides with the probability of BTC hitting new highs this month.

Cointelegraph報導說，比特幣接近確認其每日圖表上的“金十字”，歷史上一直在45％至60％的價格集會之前。這樣的舉動恰逢本月BTC擊中新高點的可能性。

A monthly close near $110,000 would mark a 15% to 17% gain for Bitcoin in May, its strongest May performance since 2019. This would significantly surpass the historical average monthly return of 8% for the month.

每月收盤價接近110,000美元將標誌著5月的比特幣獲得15％至17％的收益，這是自2019年以來的5月表現。這將大大超過本月的歷史平均每月8％。

Bitcoin would vaporize ‘shorts’ above $107,000

比特幣會使$ 107,000的“短褲”蒸發

Bitcoin researcher Axel Adler Jr. has noted a key technical pattern in Bitcoin's current bull cycle, presenting three recent instances of “compression”—a period of tightening price ranges—measured by rolling maximum/minimum over 180 days.

比特幣研究人員Axel Adler Jr.注意到比特幣當前的牛週期中的關鍵技術模式，其中三個最近的“壓縮”實例（價格較高的價格範圍範圍）在180天內滾動最大/最小值。

The chart indicates that this compression often signals an impending breakout, with historical precedent set by the 2017 rally when Bitcoin surged to $20,000 from $1,000.

該圖表表明，這種壓縮通常標誌著即將發生的突破，並在2017年拉力賽設定的歷史先例中，比特幣從1,000美元的價格飆升至20,000美元。

Using Bollinger Bands alongside the price range suggests that volatility is building within the current cycle. The third compression phase in 2025 mirrors the 2017 cycle, where the Bitcoin halving events and supply shocks fueled retail FOMO, driving major price rallies.

在價格範圍內，使用布林樂隊表明，​​波動率正在當前週期內建立。 2025年的第三個壓縮階段反映了2017年周期，在該週期中，比特幣減半的事件和供應衝擊激發了零售FOMO，推動了主要價格集會。

From the vantage point of Bitcoin liquidation, over $3 billion in short leveraged positions are at risk of being liquidated if BTC price moves to $110,000 from $105,000. In contrast, it would take a drop to $94,612 to trigger a similar amount in long liquidations. This skew suggests a higher probability of the price pushing upward to chase liquidity on the sell-side rather than dropping lower.

從比特幣清算的有利位置，如果BTC價格從105,000美元起，則有超過30億美元的短槓桿頭寸有被清算的風險。相比之下，在長期清算中觸發類似數量將需要降至94,612美元。這偏斜表明，價格上漲以追求賣方的流動性的可能性更高，而不是下降。

Technical analyst Gert van Lagen noted a similar outlook, stating,

技術分析師Gert Van Lagen指出了類似的前景，指出，

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每個投資和交易舉動都涉及風險，讀者在做出決定時應進行自己的研究。