比特币（BTC）正在进入一段波动性，因为宏观效果与短期集会保持一致，达到111,000美元

宏观因素，包括潜在的美国 - 中国贸易协议和比预期的通货膨胀数字，以支持另一个比特币（BTC）盟友。

Macro factors are aligning for another Bitcoin (BTC) rally, in the short-term, to $111,000, as Jag Kooner, Head of Derivatives at Bitfinex, has shared.

宏因素在短期内将另一个比特币（BTC）拉力赛保持一致，达到111,000美元，因为Bitfinex的衍生产品负责人Jag Kooner共享。

A potential agreement between the U.S. and China could help reduce uncertainty and boost market sentiment, according to Kooner. However, he believes that the optimism may already be priced in, meaning the immediate impact on markets could be minimal.

库纳说，美国和中国之间的潜在协议可以帮助减少不确定性并促进市场情绪。但是，他认为乐观情绪可能已经被定价，这意味着对市场的直接影响可能很小。

Instead, the most likely near-term effect is increased volatility. The same applies to the latest inflation reading, which went up just 0.1% on a monthly basis. Together, these developments suggest that Bitcoin may be setting up for significant price action in the near future, Jag Kooner said.

相反，最可能的近期效应是增加的波动性。最新通货膨胀率也适用，每月仅上涨0.1％。 Jag Kooner说，这些发展共同表明，比特币可能会在不久的将来为重大的价格行动设置。

“Core CPI up 0.1% m/m firms up rate cut bets, compresses real yields, and creates a vacuum above $111K for bitcoin. That move would likely be spot-driven, with ETF demand accelerating as the macro regime shifts toward easing,” Jag Kooner, Bitfinex.

“核心CPI上涨0.1％m/m的公司提高速度降低赌注，压缩实际收益率，并为比特币产生了超过111k美元的真空吸引力。这一举动很可能是聚焦的，随着ETF需求的加速，随着宏观政权向轻松降低，ETF的需求加速了，” Jag Kooner，Bitfinex。

Bitcoin to reach $111K: Bitfinex analyst

比特币达到$ 111K：Bitfinex分析师

Lower inflation could increase the likelihood that the Federal Reserve will cut interest rates, potentially giving Bitcoin a boost. According to Jag Kooner, this theme could dominate crypto market sentiment over the next two weeks, possibly pushing Bitcoin toward $111,000, close to its all-time high.

通货膨胀率降低可能会增加美联储降低利率的可能性，从而有可能增强比特币。根据Jag Kooner的说法，这个主题可能在接下来的两周内主导加密市场的情感，这可能会将比特币转移到111,000美元，接近其历史最高水平。

“BTC’s tight correlation with the S&P 500 (30D r ~0.63) reveals its current role as a liquidity barometer rather than a volatility hedge. This correlation makes BTC highly sensitive to SPX range-bound conditions, and until the index breaks out, BTC’s upside remains constrained,” Jag Kooner, Bitfinex.

“ BTC与标准普尔500指数（30d R〜0.63）的紧密相关性揭示了其目前作为流动性晴雨表而不是波动性对冲的作用。这种相关性使BTC对SPX范围内的条件高度敏感，并且在Index爆发之前，BTC的外交一直受到约束，” Jag Kooner，Bitfinex。

However, Bitcoin’s upside remains tied to stock market performance. The strong correlation with equities means that any breakout may depend on the S&P 500 moving out of its current range. If that happens, both Bitcoin and altcoins could move sharply higher, offering gains for crypto holders.

但是，比特币的上升空间仍然与股票市场业绩联系在一起。与股票的牢固相关性意味着任何突破都可能取决于标准普尔500指数从其当前范围移出。如果发生这种情况，比特币和山寨币都可以急剧上升，从而为加密货币持有人带来收益。