比特币（BTC）于2025年5月以更新的动力进入，在过去30天内增长了14％以上

比特币（BTC）于2025年5月以更新的势头进入，在过去30天中增长了14％，而交易仅比关键$ 100,000的交易量仅低6.3％。

Bitcoin (BTC) price has risen by over 14% in the past 30 days and now trades just 6.3% below the key $100,000 mark as apparent demand turns positive.

在过去的30天中，比特币（BTC）的价格上涨了14％以上，现在，由于需求明显的需求呈正变，现在的价格仅比关键$ 100,000的交易价格降低了6.3％。

However, fresh inflows, especially from U.S.-based ETFs, remain largely subdued compared to 2024 levels, suggesting that institutional conviction has yet to fully return.

但是，与2024年的水平相比，新的流入量，尤其是来自美国ETF的新鲜流入，这表明机构定罪尚未完全返回。

According to Tracy Jin, COO of MEXC, if current conditions hold, a summer rally toward $150,000 is plausible, with sentiment turning increasingly bullish.

根据MEXC的首席运营官Tracy Jin的说法，如果目前的状况成立，夏季集会向150,000美元来说是合理的，情绪越来越看涨。

Bitcoin Apparent Demand Turns Positive, But Fresh Inflows Still Lacking

比特币的需求显然会呈阳性，但是新鲜流入仍然缺乏

Bitcoin's apparent demand has shown clear signs of recovery recently, increasing to 65,000 BTC over the past 30 days. This marks a sharp rebound from the trough on March 27, when apparent demand—defined as the net 30-day change in holdings across all investor cohorts—reached a deeply negative level of -311,000 BTC.

比特币的明显需求最近显示出恢复的明显迹象，在过去的30天内增加到65,000 BTC。这标志着3月27日的低谷的急剧反弹，当时明显的需求被定义为所有投资者同伙的净持有量为30天，其净值为-3.11,000 BTC。

Apparent demand reflects the aggregated balance shifts across wallets and provides insight into whether capital is entering or exiting the Bitcoin network.

明显的需求反映了整个钱包的总体平衡变化，并提供了有关资本是进入还是退出比特币网络的洞察力。

While the current demand level is still well below earlier peaks in 2024, a meaningful inflection point occurred on April 24: Bitcoin's apparent demand turned positive and has remained positive for six consecutive days after nearly two months of sustained outflows.

虽然目前的需求水平仍远低于2024年的早期峰值，但4月24日发生了一个有意义的拐点：比特币的明显需求转向了积极的趋势，并且在持续持续的流出后近两个月后，比特币连续六天保持正向。

Despite this improvement, broader demand momentum remains weak.

尽管有这种改善，但需求势头更大。

The continued lack of significant new inflows suggests that most of the recent accumulation may be driven by existing holders rather than fresh capital entering the market.

持续缺乏重大的新流入表明，最近的大部分积累可能是由现有持有人驱动的，而不是进入市场的新资本。

For Bitcoin to mount a sustainable rally, both apparent demand and demand momentum must show consistent and synchronized growth. Until that alignment occurs, the current stabilization may not support a strong or prolonged price breakout.

为了使比特币进行可持续的集会，明显的需求和需求势头都必须表现出一致和同步的增长。在对齐发生之前，目前的稳定可能无法支持强劲或延长的价格突破。

US Spot Bitcoin ETF Inflows Still Far Below 2024 Levels

美国现场比特币ETF流入远低于2024级

Bitcoin purchases from U.S.-based ETFs have remained largely flat since late March, fluctuating between daily net flows of -5,000 to +3,000 BTC.

自3月下旬以来，从美国的ETF购买比特币基本上保持平坦，每日净流量为-5,000至+3,000 BTC。

This activity level sharply contrasts with the strong inflows seen in late 2024, when daily purchases frequently exceeded 8,000 BTC and contributed to Bitcoin's initial rally toward $100,000.

该活动水平与2024年底的强劲流入形成鲜明对比，当时每日购买经常超过8,000 BTC，并促成了比特币的最初集会至100,000美元。

So far in 2025, BTC ETFs have collectively accumulated a net total of 28,000 BTC, which is significantly less than the more than 200,000 BTC they had purchased by this point last year.

到目前为止，在2025年，BTC ETF共同积累了28,000个BTC的净净值，这显着少于去年购买的200,000多个BTC。

This decline shows a slowdown in institutional demand, which has historically been key in driving major price movements.

这种下降显示机构需求的放缓，这在历史上一直是推动主要价格变动的关键。

There are early signs of a modest rebound, with ETF inflows beginning to tick higher recently. However, current levels remain insufficient to fuel a sustained uptrend.

早期的反弹有早期的迹象，最近ETF的流入开始更高。但是，目前的水平仍然不足以助长持续上升趋势。

ETF activity is often viewed as a proxy for institutional conviction, and a notable increase in purchases would likely signal renewed confidence in Bitcoin's medium-term trajectory.

ETF活动通常被视为机构定罪的代理，并且购买的显着增加可能会提高对比特币中期轨迹的信心。

Until those inflows return in force, the broader market may struggle to generate the momentum needed for a prolonged rally.

在这些流入恢复有效之前，更广泛的市场可能难以产生长期集会所需的势头。

Bitcoin Nears $100,000 As Momentum Builds Despite Macro Pressure

尽管宏观压力，但比特币接近100,000美元

Bitcoin price has gained over 14% in the past 30 days, showing strength as it trades just 6.3% below the key $100,000 mark.

在过去的30天中，比特币的价格上涨了14％以上，表现出了强度，因为它的交易仅低6.3％，低于100,000美元。

This relative resilience comes amid broader macroeconomic volatility and policy-driven pressures, including Trump's tariff measures that have weighed on risk assets.

这种相对的韧性是由于更广泛的宏观经济波动和政策驱动的压力，包括特朗普对风险资产的关税措施。

While the entire crypto market has felt the impact, Bitcoin appears to be detaching slightly, showing less sensitivity to these external shocks than other digital assets.

尽管整个加密货币市场都感受到了影响，但比特币似乎略有脱离，对这些外部冲击的敏感性比其他数字资产较少。

Apparent demand, which tracks the net 30-day change in BTC holdings across all investor cohorts, recently turned positive on April 24.

明显的需求跟踪了所有投资者队列中BTC持有的30天净变化的需求，最近在4月24日变成了积极的态度。

This shift in on-chain behavior is significant as it signals that capital is slowly flowing back into the Bitcoin network after a period of sustained outflows, which began late last February.

链上行为的这种转变非常重大，因为它表明在一段持续的流出时期，资本开始慢慢流回比特币网络，该持续流出开始于去年2月下旬。

However, fresh inflows remain largely subdued compared to 2024 levels, suggesting that institutional conviction has yet to fully return.

但是，与2024年级相比，新鲜流入仍然很大程度上柔和，这表明机构定罪尚未完全恢复。

According to Tracy Jin, COO of MEXC, sentiment is turning positive again as Bitcoin shows strength.

根据MEXC的首席运营官Tracy Jin的说法，由于比特币表现出强度，情感再次变得积极。

"Beyond immediate price action, the growing institutional appetite and shrinking supply mechanisms against the macroeconomic uncertainty backdrop point to a structural shift in Bitcoin's role within the global financial market. BTC is used to hedging against inflation and the fiat-based financial model. Its liquidity, scalability, programmability, and global accessibility offer a reliable modern alternative to traditional financial instruments for many corporations,” Jin said.

“除了立即采取价格行动之外，对宏观经济不确定性背景的越来越多的机构食欲和供应机制不断增长，指向比特币在全球金融市场中作用的结构性转变。BTC用于抵抗通货膨胀的对冲和基于菲亚特的金融模型，其流动性，可言度和全球的综合仪器为许多公司提供了替代性的替代品。

According to Jin, a summer rally towards $150,000 is plausible. She stressed that the $95,000 range will likely become a launch point for the brewing decisive breakout above $100,000 in the coming days.

根据金的说法，夏季集会向150,000美元是合理的。她强调，在未来几天，耗资95,000美元的范围可能会成为超过100,000美元的酿造决定性突破的发射点。

” Should global trade tensions stabilize further and

”全球贸易紧张局势应该进一步稳定并