比特币（BTC）价格预测：BTC随着机构需求激增而达到新的历史最高点

比特币最近上升的最大原因是大量资金流入了美国的现货比特币ETF。

Bitcoin price rose sharply this week, continuing last week’s breakout from the flat trading range and reaching a new high of $111,954. It had held strong around the $102,000 level last week, and its rise was driven by several factors. Technical indicators showed an ongoing upward trend, while more interest from big investors and positive regulatory news flowed through. Moreover, better overall economic conditions also supported the cryptocurrency’s rally.

比特币的价格本周急剧上涨，上周从平坦的交易系列中进行了突破，并达到了111,954美元的新高点。上周，它在102,000美元的水平上保持了强劲的态度，其上升是由几个因素驱动的。技术指标显示出持续的上升趋势，而大投资者和积极的监管新闻的更多兴趣流向了。此外，更好的整体经济状况也支持加密货币的集会。

Institutional Demand Is Key to Bitcoin’s Recent Rise

机构需求是比特币最近上升的关键

The biggest reason for Bitcoin’s recent rise is the large flow of money into US-based spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust ETF (NYSE:IBIT) has become the largest institutional Bitcoin fund in the world, now holding over 636,000 BTC.

比特币最近上升的最大原因是大量资金流入了美国的现货比特币ETF。贝莱德（Blackrock）的iShares比特币信托ETF（纽约证券交易所：IBIT）已成为世界上最大的机构比特币基金，现在拥有超过636,000的BTC。

Major financial firms like JPMorgan, Fidelity, and Charles Schwab are now including Bitcoin in their client portfolios, highlighting a shift from viewing Bitcoin as a speculative asset to using it as a strategic reserve tool.

摩根大通，富达和查尔斯·施瓦布（Charles Schwab）等主要金融公司现在在其客户投资组合中包括比特币，突出了从将比特币视为投机性资产转变为将其用作战略储备工具的转变。

In addition to this, ongoing Bitcoin purchases by Strategy and large buys by Japan-based Metaplanet are other key factors that are aiding in propelling the cryptocurrency price upwards.

除此之外，策略的持续购买和日本基于日本的大量购买的比特币是有助于推动加密货币价格向上推动的其他关键因素。

Trump’s Crypto Approach Supports Uptrend

特朗普的加密方法支持上升趋势

This year, US President Donald Trump’s “Strategic Bitcoin Reserve” decree, which recognized Bitcoin as a strategic national asset alongside gold, was well received by the market.

今年，美国总统唐纳德·特朗普（Donald Trump）的“战略比特币储备”法令将比特币视为与黄金同行的战略国家资产，受到市场的好评。

Moreover, the first “Crypto Summit” at the White House demonstrated strong political support for crypto assets.

此外，白宫的第一次“加密峰会”表现出对加密资产的强烈政治支持。

The bipartisan compromise on stablecoin regulations shows that the US is moving to establish clearer laws for the crypto sector. This measure boosts investor confidence and reduces the perceived systemic risk.

两党对Stablecoin法规的妥协表明，美国正在为加密部门制定更清晰的法律。这项措施增强了投资者的信心，并降低了感知到的全身风险。

Macro Developments Increase Risk Appetite

宏开发增加风险食欲

Positive global signals, such as Trump postponing tariffs for 90 days and the US-UK trade deal being finalized, encouraged investors to shift towards riskier assets. This development helped Bitcoin to break through the psychological barrier of $100,000 this month.

积极的全球信号，例如特朗普推迟了90天的关税，并确定了US-UK贸易协议，鼓励投资者转向风险较高的资产。这种开发有助于比特币打破本月的100,000美元的心理障碍。

As Bitcoin price rose, the total cryptocurrency market cap reached $3.5 trillion. However, it still falls short of the $3.7 trillion record from December 2024, indicating that altcoins have underperformed compared to Bitcoin.

随着比特币价格上涨，加密货币市值达到3.5万亿美元。但是，从2024年12月起，它仍未达到37万亿美元的记录，这表明与比特币相比，AltCoins的表现不佳。

On-Chain Data Shows Profit Selling Levels

链上数据显示了销售水平

CryptoQuant data reveals that 4,435 BTC moved to Binance after yesterday’s record high, suggesting that short-term traders might be preparing to sell their profits.

加密数据显示，在昨天的创纪录高度之后，有4,435 BTC转向了Binance，这表明短期交易者可能正在准备出售其利润。

Despite this, the 30-day net flow to crypto exchanges remains negative, indicating that long-term investors are holding onto their investments.

尽管如此，加密交易所的30天净流量仍然为负，表明长期投资者正在持有投资。

Other on-chain indicators, such as the realized cap ratio and dormancy, show some selling pressure. However, the intensity is weaker than last year’s profit-taking activities, which supports the view that the upward trend could continue.

其他链上指标（例如已实现的上限比和休眠）显示出一些销售压力。但是，强度比去年的获利活动弱，这支持了向上趋势可能继续的观点。

Record Open Positions in Futures and Options

记录期货和期权的开放位置

CoinGlass data shows that open positions in the Bitcoin futures market have topped $80 billion, reaching record levels. This finding suggests that many investors are expecting prices to keep rising.

Coinglass数据显示，比特币期货市场中的公开头寸超过800亿美元，达到了创纪录的水平。这一发现表明，许多投资者期望价格继续上涨。

However, high leverage could trigger sudden liquidations if a correction occurs, potentially making price drops steeper.

但是，如果发生校正，高杠杆可能会触发突然的清算，这可能会使价格下降更加陡峭。

In the options market, Deribit reports over $5 billion in open positions between $110,000 and $130,000. The put/call ratio for about $2.76 billion of contracts expiring today is above 1, signaling that short-term selling pressure is increasing.

在期权市场中，Deribit报告的公开头寸超过50亿美元在110,000美元至130,000美元之间。今天到期的合同约为27.6亿美元的期权/呼叫比率高于1，这表明短期销售压力正在增加。

Bitcoin’s Technical Outlook

比特币的技术前景

Bitcoin paused briefly between $102,000 and $106,000 last week during its steady climb. At the start of the new week, it tested the $106,000 resistance, bounced off the $102,000 support level, and surged higher with strong buying from that zone.

上周，比特币在稳定的攀登期间短暂停留在102,000美元至106,000美元之间。在新一周开始时，它测试了106,000美元的电阻，从102,000美元的支持水平中弹起，并通过从该区域进行大量购买而飙升更高。

The upward trend continued throughout the week but slowed near the $111,000 mark. Still, technical signals suggest more gains ahead. The next target range on the daily chart lies between $114,600 and $125,400, with $114,000 expected to be a key resistance level soon.

整个星期的上升趋势继续持续，但在111,000美元的大关接近速度。尽管如此，技术信号仍暗示了更多的收益。每日图表上的下一个目标范围在114,600美元至125,400美元之间，预计将很快成为关键阻力水平。

Support Levels and Possible Pullbacks

支持级别和可能的回调

After easing during last week’s brief consolidation, the Stochastic RSI has turned upward again, reinforcing the uptrend with technical support. The short- and medium-term exponential moving averages (EMAs) have remained positive since the trend reversal in April.

在上周短暂的合并中放松后，随机RSI再次向上转动，并通过技术支持加强了上升趋势。自4月份趋势逆转以来，短期和中期指数式移动平均（EMA）一直保持积极。

There isn’t strong resistance up to the $114,000 level, although profit-taking might trigger a pullback, increasing the chance of a trend backtest. In this case, the 8-day EMA around $108,000 could provide support for short-term dips. If the decline extends to $106,000, a short-term correction lasting

尽管获利可能会引起回调，但增加了趋势回归测试的机会，但没有强大的抵抗力达到114,000美元的水平。在这种情况下，为期8天的EMA约108,000美元可以为短期下降提供支持。如果下降延长至106,000美元，则短期更正持续