新数据表明，比特币（BTC）价格可能会延长其集会。

尽管比特币（BTC）在过去一个月中飙升了20％以上 - 部分是由于围绕美国 - 中国关税战争的全球紧张局势 - 有些

Although Bitcoin (BTC) has surged more than 20% over the past month – partly due to easing global tensions surrounding a potential US-China tariff war – some investors are beginning to question whether the bulk of the upside is already priced in. However, fresh data suggests that the rally may be far from finished.Bitcoin Bulls Still In ControlAccording to a recent CryptoQuant Quicktake post by cryptocurrency investor Crypto Dan, Bitcoin remains firmly in an uptrend despite the notable price increase over the last month. The analyst credited the “realized price” as a critical indicator for assessing the market’s direction.Crypto Dan shared the following chart comparing BTC’s market price to its realized price – a metric that represents the average price at which all coins in circulation were last transacted. Historically, whenever the realized price begins to decline, Bitcoin often sees a sharp correction – shown by the red arrows on the chart.However, the current scenario looks notably different. As highlighted in the yellow circle on the chart, the realized price continues to rise alongside BTC’s market price. This upward trend suggests that the broader cryptocurrency market is still in bullish territory.Crypto Dan explained that one of the reasons behind the price surge is the increasing number of market participants who are willing to buy BTC at a higher price. The analyst added:In particular, institutions like Strategy and others are purchasing large amounts of bitcoin through vehicles like spot exchange traded-funds (ETFs), causing an influx of capital that continues to drive the realized price higher.Indeed, institutional adoption of BTC has grown significantly in recent years. On-chain data shows that whales – wallets holding substantial BTC amounts – have ramped up their holdings in response to growing institutional demand.Adding to this momentum is a resurgence in spot bitcoin exchange-traded funds (ETFs) inflows. For the week ending May 9, these ETFs saw total net inflows of $334.58 million.Technical Indicators Favor Extended RallyIn addition to the bullish realized price trend, several other metrics suggest BTC may be on track to test or even surpass its previous all-time high (ATH). For example, the Binance Taker Buy-Sell Ratio remains elevated, signaling strong buying pressure.Moreover, Bitcoin’s funding rate on Binance has stayed positive throughout the recent uptrend – an indication that traders remain confident in further price appreciation. That said, investors should be cautious of overly aggressive long positions, as overheated funding rates can lead to abrupt corrections.Similarly, renowned crypto analyst Mr. Wall Street recently projected that BTC could climb as high as $200,000 before the

尽管过去一个月比特币（BTC）飙升了20％以上 - 部分是由于缓解了围绕美国 - 中国关税战争的全球紧张局势 - 一些投资者开始质疑大部分上升的问题是否已经质量。但是，新的数据是否已经归属。尽管比特币在上个月的价格显着上涨，但比特币仍处于上升趋势。分析师将“实现价格”视为评估市场方向的关键指标。CryptoDan分享了以下图表，将BTC的市场价格与已实现的价格进行了比较 - 这是一个指标，代表了所有流通中最后交易的平均价格。从历史上看，每当实现的价格开始下降时，比特币经常看到急剧的校正 - 图表上的红色箭头显示。正如图表上的黄色圆圈所强调的那样，实现的价格继续随BTC的市场价格上涨。这种向上的趋势表明，更广泛的加密货币市场仍在看涨的领域。CryptoDan解释说，价格上涨的原因之一是愿意以更高价格购买BTC的市场参与者数量越来越多。分析师补充说：尤其是，诸如战略和其他机构之类的机构正在通过现场交易所交易基金（ETF）等车辆购买大量比特币，导致资本涌入，而近年来，BTC的机构采用率不断提高。链上的数据表明，捕鲸的钱包（持有大量BTC数量的钱包）已响应不断增长的机构需求而增加了其持有量。对这种势头的兴起是现货比特币交换基金（ETFS）流入的势头。在5月9日截至一周的一周中，这些ETF的总净流入总额为3.3458亿美元。技术指标有利于延长的拉利林（Rallyin）对看涨的价格趋势，其他几个指标表明BTC可能正在测试甚至超过其以前的历史高（ATH）。例如，Binance Taker买卖比率保持升高，这表明了强烈的购买压力。此外，比特币对binance的融资率在最近的上升趋势中一直保持积极态度 - 这表明交易者对进一步的价格升值仍然有信心。也就是说，投资者应该对过分积极进取的长期职位谨慎，因为过热的资金率可能会导致突然的纠正。