击中新ATH后，比特币（BTC）价格可能会跌至100,000美元

5月21日，比特币（BTC）扩大了盘中收益，以在美国的Coinbase Exchange上建立了111,903美元的新ATH。近四个月后，这次录制高点吸引了6.071亿美元的现货比特币

On May 21, Bitcoin (BTC) extended intraday gains to set up a new ATH of $111,903 on the US-based Coinbase exchange. After nearly four months, this push to record highs attracted $607.1 million in spot Bitcoin ETF inflows in the United States. Despite this bullish occasion, investors and traders must be cautious of a potential BTC price crash to $100,000. Here are four reasons why.

5月21日，比特币（BTC）扩大了盘中收益，以在美国的Coinbase Exchange上建立了111,903美元的新ATH。在将近四个月的时间里，这一努力在美国吸引了6.071亿美元的现货比特币ETF流入。尽管有一个看涨的时刻，投资者和交易员必须对潜在的BTC价格崩溃至100,000美元持谨慎态度。这是为什么四个原因。

Here’s Why Bitcoin (BTC) Price May Crash to $100,000

这就是为什么比特币（BTC）价格可能崩溃至100,000美元

Although the BTC trading above the $110,000 all-time high is bullish, investors must exercise caution as multiple warning signals are flashing, hinting at a short-term correction.

尽管BTC交易超过了110,000美元的历史最高高价，但投资者必须谨慎行事，因为多个警告信号正在闪烁，这暗示了短期更正。

Apart from the above reasons, BTC price action over the past few weeks is reminiscent of a range-bound fractal that hints at a correction to the range low. In Bitcoin’s case, analyst RektProof is looking for a Bitcoin (BTC) price crash to $100,000.

除上述原因外，过去几周的BTC价格行动让人联想到一个范围内的分形，该分形暗示了对低范围的校正。就比特币而言，Rektproof的分析师正在寻找比特币（BTC）的价格崩溃，至100,000美元。

In a separate Telegram post, RektProof noted, “Finding it difficult to long some of these Alts as BTC trends up.” Due to the rising Bitcoin dominance and continued ascent in BTC price, the analyst notes that he might be “forced to sit out and stay flat UNTIL we form a new mid term range.” He highlights $100,000 as a key point of interest, where the trader could take action.

Rektproof在另一篇电报帖子中指出：“发现随着BTC趋势的增加很难长时间。”由于比特币的统治地位和BTC价格的上升持续上升，分析师指出，他可能“被迫坐下来保持平稳，直到我们形成新的中期范围”。他强调了100,000美元作为关键点，交易者可以采取行动。

With this bearish Bitcoin price prediction, let’s explore four key reasons why a correction to $100,000 is more than likely as BTC hits a new ATH.

通过这种看跌的比特币价格预测，让我们探索校正100,000美元的四个关键原因，因为BTC击中了新的ATH。

Bitcoin “Muted” Implied Volatility Hints Uncertainty

比特币“静音”隐含波动率提示不确定性

Volmex’s 30-day Bitcoin Implied Volatility Index (BVIV) ranges around 49.73, a 10-month low, while BTC price is setting higher highs. This divergence shows that the investors aren’t sure of a sustained BTC price breakout above $110,000.

Volmex的30天比特币隐含波动率指数（BVIV）的范围约为49.73，低10个月，而BTC价格则设定了更高的高点。这种分歧表明，投资者不确定BTC价格突破超过110,000美元。

CME’s OI & Annualized Basis for BTC Remains Flat

CME的OI和BTC年度基础保持平坦

Bitcoin Open Interest on the CME remains below January 2025 lows, showing a lack of interest from sophisticated investors. BTC’s CME annualized basis, the ratio of spot price and futures price, further illustrates this lack of interest.

比特币对CME的开放兴趣仍然低于2025年1月的低点，表明先进的投资者缺乏兴趣。 BTC的CME年化基础是现货价格和期货价格的比率，进一步说明了这种缺乏兴趣。

These indicators highlight how this BTC price rally is driven mainly by a few institutions accumulating BTC for their treasury purposes.

这些指标强调了该BTC价格集会是如何主要由一些用于国库目的的机构累积的机构驱动的。

Blockchain Data shows Potential Top formation After Bitcoin Price ATH

区块链数据显示了比特币价格之后的潜在最高构造

Between May 2 and 22, the number of new addresses and daily active addresses interacting with the Bitcoin blockchain decreased. However, Bitcoin price is setting higher highs during the same period, showing a non-conformity between investor interest and the recent rally. This bearish divergence shows that investors aren’t interested in BTC at current price levels.

在5月2日至22日之间，与比特币区块链相互作用的新地址和每日活动地址的数量减少。但是，比特币价格在同一时期设定了更高的高价，显示投资者的利益与最近的集会之间的不合格。这种看跌的差异表明，投资者对当前价格水平的BTC不感兴趣。

Unrealized Profits In Danger Zone, Signal Reversal Likely

危险区域中未实现的利润，信号逆转可能

Santiment’s 30-day MVRV ratio tracks the average profit/loss of investors that purchased Bitcoin (BTC) over the past month. Currently, this index ranges just above 10%, which shows that investors who bought BTC in the past month are at an average profit of 10%. Typically, when the MVRV ratio enters the 10% to 15% range, Bitcoin price triggers a reversal due to profit-taking.

Santiment的30天MVRV比率跟踪了过去一个月购买比特币（BTC）的投资者的平均利润/损失。目前，该指数范围略高于10％，这表明在过去一个月购买BTC的投资者平均利润为10％。通常，当MVRV比率进入10％至15％的范围时，比特币价格由于获利而触发了逆转。

Since the MVRV ratio is in this danger zone, the chances of reversal due to profit-taking are high, which is another reason why Bitcoin price could crash lower.

由于MVRV比率处于此危险区域，因此由于获利而导致的逆转机会很高，这是比特币价格可能崩溃的另一个原因。