比特币（BTC）的价格提高了，上周上涨了9.01％，交易价格为103,276美元

比特币再次提高，仅在一周内上涨了9.01％，现在以103,276美元的价格交易。现在，它仅比其一月峰值仅5.45％。

Bitcoin (BTC) is continuing its climb, adding 9.01% over the past week to reach $103,276 by 07:37 ET (11:37 GMT). From January’s peak, the cryptocurrency is now just 5.45% away.

比特币（BTC）正在继续攀登，在过去一周中增加了9.01％，达到103,276美元，到07:37 ET（GMT 11:37）。从一月份的高峰起，现在的加密货币仅为5.45％。

Over the past month, the cryptocurrency has climbed more than 21%, suggesting that fresh confidence is building in both digital and traditional financial domains.

在过去的一个月中，加密货币攀升了21％以上，这表明在数字和传统金融领域都建立了新的信心。

One event that may have fueled this optimism occurred on May 12, when over 3,000 BTC, valued at roughly $312 million at current prices, was pulled from Binance (NASDAQ:BNB).

5月12日，可能激发了这种乐观的一个事件，当时以当前价格为3,000多个BTC，价值约3.12亿美元，从Binance（NASDAQ：BNB）中撤出。

As Amr Taha, an analyst at CryptoQuant, pointed out, this is one of the largest single-day Bitcoin outflows from the exchange in recent months.

正如CryptoQuant的分析师Amr Taha指出的那样，这是最近几个月交易所最大的单日比特币流出之一。

This withdrawal coincided with the United States and China announcing a new tariff agreement. The development helped to boost the U.S. stock market, where the S&P 500 rose over 3%.

这次撤回恰逢美国和中国宣布新的关税协议。该开发项目有助于提高美国股票市场，标准普尔500指数上涨了3％以上。

Investors across different markets responded by adjusting their positions in tandem with the shifting economic sentiment.

各个市场的投资者通过调整其与经济不断变化的情绪协同的地位来做出回应。

A Close Look At The Numbers

仔细观察数字

The timing of this large Bitcoin movement suggests more than mere coincidence.

这种大型比特币运动的时机不仅仅是巧合。

Taha’s research indicates that Binance’s BTC holdings have been steadily decreasing—from 595,000 BTC in late February to 541,400 BTC by mid-May. This consistent reduction in reserves could be interpreted as more holders choosing to move their assets.

塔哈（Taha）的研究表明，Binance的BTC持有量一直在稳步下降 - 从2月下旬的595,000 BTC到541,400 BTC，到了541,400 BTC。储备金的这种一致减少可以解释为更多的持有人选择移动其资产。

They are transferring their coins off exchanges, possibly into private wallets or cold storage.

他们将硬币从交换中转移到私人钱包或冷藏库中。

These types of shifts usually suggest that people don’t plan to sell their coins any time soon. When investors pull their Bitcoin off trading platforms, it’s usually seen as a sign that they want to hold for longer periods.

这些类型的转变通常表明人们不打算尽快出售其硬币。当投资者将比特币从交易平台上撤出时，通常被视为他们想持有更长时期的标志。

This also reduces the available supply on the market, which can help to reduce short-term selling pressure and support further price gains.

这也减少了市场上的可用供应，这可以帮助减少短期销售压力并支持进一步的价格上涨。

Amr added that this recent outflow may reflect investors reacting to macroeconomic changes. Improved trade relations between the U.S. and China seemed to lift overall investor morale, and Bitcoin benefited from that momentum.

AMR补充说，最近的流出可能反映了投资者对宏观经济变化的反应。美国和中国之间的贸易关系改善似乎提高了整体投资者的士气，比特币受益于这种势头。

Bitcoin Fear & Greed Index

比特币恐惧和贪婪指数

Despite the rising price, the Bitcoin Fear & Greed Index now stands at 70—still shy of the “extreme greed” range.

尽管价格上涨，但比特币的恐惧和贪婪指数现在仍处于70处，但仍远远超过“极端贪婪”范围。

This indicator, devised by Alternative, measures market emotion using volatility, volume, and other variables. At present, the reading indicates that investors are certainly greedy, but not to an excessive degree.

通过替代性设计的该指标可以使用波动率，数量和其他变量来衡量市场情感。目前，阅读表明投资者肯定是贪婪的，但程度不高。

Earlier this month, when Bitcoin stalled after its recent gains, market sentiment was more neutral. However, as the rally resumes, confidence is returning—but not to the point of frenzy.

本月初，当比特币最近收获后停滞时，市场情绪更为中立。但是，随着拉力赛的恢复，信心正在恢复，但没有狂热。

According to past trends, remaining in the territory just outside of extreme greed may actually be a good sign for Bitcoin’s price, suggesting that more growth could still be on the horizon.

根据过去的趋势，在极端贪婪之外的领土上，实际上可能是比特币价格的好兆头，这表明可能仍会出现更多的增长。

In essence, the combined impact of a major international agreement, a sharp market rebound, and a large-scale Bitcoin transfer away from Binance is shaping investor outlook. The figures suggest something more substantial than short-term enthusiasm.

从本质上讲，一项重大国际协议，急剧的市场反弹和大规模比特币转移的综合影响正在塑造投资者的前景。这些数字暗示了比短期热情更为重要的东西。

With cold storage increasing and emotions remaining balanced, many believe that the cryptocurrency’s rally might not be over yet.

随着冷藏的增加和情绪保持平衡，许多人认为加密货币的集会可能还没有结束。