比特币（BTC）的价格刚刚又超过了符号$ 100,000

比特币刚刚再次跨越了100000美元的象征意义，重新激发了投资者的乐观情绪。分析师现在指出了一个新的历史高度高于$ 110000

Bitcoin has just crossed the symbolic $100,000 mark again, reigniting investor optimism. Analysts are now eyeing a new all-time high above $110,000 by the end of May. But what factors are driving this renewed confidence?

比特币刚刚再次跨越了象征性的100,000美元大关，使投资者乐观。到5月底，分析师现在正在关注新的历史最高高于110,000美元的高度。但是，哪些因素正在推动这种新的信心？

The probability of Bitcoin exceeding $110,000 in May is increasing.

5月的比特币超过110,000美元的可能性正在增加。

Bitcoin crossed the $100,000 mark earlier in May, sparking speculation of a continued rise.

比特币在5月初越过了100,000美元的成绩，引发了人们对持续上升的猜测。

According to Bitcoin Suisse, a renowned crypto custody services provider, Bitcoin’s strength lies in its unique ability to thrive in diametrically opposed economic contexts since Donald Trump’s victory.

苏伊斯比特币苏伊斯（Bitcoin Suisse）表示，比特币的实力在于自从唐纳德·特朗普（Donald Trump）胜利以来，比特币的实力在于其独特的能力在截然反对的经济环境中蓬勃发展。

The data from their “Industry Rollup” report highlights Bitcoin’s impressive Sharpe ratio (1.72). This financial indicator measures the risk-adjusted returns of an asset.

他们的“行业汇总”报告中的数据突出了比特币令人印象深刻的夏普比（1.72）。该财务指标衡量了资产的风险调整后收益。

The higher this ratio, the more the investment is considered performing. In 2025, only gold surpasses Bitcoin on this criterion, demonstrating its growing maturity as an asset class.

该比率越高，投资的执行越多。在2025年，只有黄金在此标准上超过比特币，表明其作为资产类别的成熟度越来越大。

Dominic Weibei, research director at Bitcoin Suisse, perfectly summarizes this versatility:

瑞士比特币的研究总监Dominic Weibei完美地总结了这种多功能性：

Bitcoin has established itself as a true Swiss Army knife. Whether stocks rise or bonds collapse, BTC trades according to its own fundamentals, offering a win-win profile unmatched by traditional assets.

比特币已将自己确立为真正的瑞士军刀。无论是股票上涨还是债券崩溃，BTC都会根据其自己的基本面进行交易，提供传统资产无与伦比的双赢概况。

Unprecedented Institutional Demand

空前的机构需求

On May 7th, a significant turning point occurred: the cumulative 90-day volume delta of spot Bitcoin takers became predominantly buyer-side for the first time since March 2024. This indicator, which measures the net difference between buy and sell volumes, confirms sustained buying pressure.

5月7日，发生了一个重大的转折点：自2024年3月以来，现货比特币的累积90天三角洲的累计数量主要成为买方。该指标衡量了买入和销售量之间的净差异，确认了持续的购买压力。

This buying momentum is largely fueled by a massive influx of institutional capital. Spot Bitcoin ETFs have recorded over $4.5 billion in inflows since early April, creating considerable buying pressure in a market where supply remains limited.

这种购买势头在很大程度上是由大量机构资本涌入的。自4月初以来，现货比特币ETF的流入量超过45亿美元，在供应量仍然有限的市场中造成了巨大的购买压力。

Meanwhile, Fidelity Digital Assets, in its Q2 2025 “Signals” report, anticipates that Bitcoin is entering a new “acceleration phase.” According to Zack Wainwright, analyst at Fidelity, this phase is historically characterized by “high volatility and high profits.”

同时，Fidelity Digital Assets在其第二季度的“信号”报告中预计比特币将进入新的“加速阶段”。富达分析师扎克·温赖特（Zack Wainwright）表示，这一阶段在历史上以“高波动性和高利润”为特征。

All in all, the combination of this growing institutional demand with Bitcoin’s versatility as a dual-purpose investment (hedge against inflation and growth asset) creates the ideal conditions to propel the BTC price beyond $110,000 as soon as this May.

总而言之，这一不断增长的机构需求与比特币作为双重用途投资（抵抗通货膨胀和增长资产的对冲）的多功能性的结合创造了理想的条件，可在5月在今年五月最快推动BTC价格超过110,000美元。