美国CPI数据显示通货膨胀正在冷却后，比特币（BTC）价格保持稳定

在2025年4月的美国消费者价格指数（CPI）发行后，比特币（BTC）在很大程度上保持稳定，该指数低于预期。

U.S. Consumer Price Index (CPI) for April 2025 rose 0.2% month-over-month (m/m), slowing from the previous period and coming in below economists’ expectations, according to the Bureau of Labor Statistics on Wednesday.

根据劳工统计局周三的数据，美国消费者价格指数（CPI）2025年4月上升了0.2％的月份（m/m），比上一时期放慢速度，并在经济学家的期望下降低了。

The report showed that CPI fell 0.1% in March. Economists had forecast a 0.3% increase in April CPI.

该报告显示，3月份CPI下降了0.1％。经济学家预测4月CPI增长了0.3％。

The report showed that year-over-year (y/y) CPI rose 2.3%, the slowest annual increase since February 2021. Economists had expected a 1.4% y/y increase in April CPI, following a 1.5% rise in the previous period.

该报告显示，自2021年2月以来，CPI同比增长了2.3％，这是每年最慢的增长。经济学家预计，在上一时期增长1.5％之后，4月CPI的Y/y每年增长1.4％。

Core CPI, which excludes volatile food and energy prices, rose 0.2% m/m, compared to 0.1% in March and below economists’ predictions of 0.3%. This was also in line with expectations, following a 0.1% rise in the previous period.

不包括波动性食品和能源价格的Core CPI上涨了0.2％m/m，而3月份为0.1％，低于经济学家的预测为0.3％。这也符合预期，此前阶段增长了0.1％。

On a y/y basis, Core CPI remained at 2.8%, aligning with economists’ estimates and following a 2.7% increase in the previous month.

在AY/Y的基础上，Core CPI保持在2.8％的状态，与经济学家的估计保持一致，并且上个月增长了2.7％。

A lower-than-expected reading on inflation could support the Federal Reserve’s cautious “wait and watch” stance on cutting interest rates, which reached 5.0% in March 2025.

关于通货膨胀的预期，对降低利率的谨慎的“等待”立场可以支持降低通货膨胀的态度，该立场在2025年3月达到5.0％。

Despite the positive macro backdrop, Bitcoin (BTC) showed minimal reaction. At the time of writing, BTC is trading in the low $100,000 range – approximately 5.1% below its all-time high (ATH) of $108,786 set in January 2025.

尽管宏观背景为正，但比特币（BTC）显示出最小的反应。在撰写本文时，BTC的交易价格低至100,000美元，比2025年1月1月的售价低约5.1％，为108,786美元。

However, technical analysts remain optimistic. Noted crypto analyst Titan of Crypto shared the following chart indicating a potential move to new all-time highs, driven by a strengthening weekly Relative Strength Index (RSI).

但是，技术分析师仍然乐观。 Crypto的Crypto分析师Titan分析了以下图表，表明在每周相对强度指数（RSI）增强的驱动下，潜在转移到了新的历史高位。

Moreover, crypto analyst Jelle commented on BTC’s resilience around the $102,000 level, suggesting this may act as a strong support zone. “Not much is left to hold BTC back now,” the analyst stated, indicating confidence in a continued rally.

此外，加密分析师Jelle对BTC的弹性发表了评论，该弹性在102,000美元的水平上，表明这可能是一个强大的支持区。这位分析师说：“现在还不到BTC恢复。”表明对持续集会的信心。

BTC Exchange Reserves Depleting, Investors Accumulating

BTC交流储量耗尽，投资者积累

On-chain data also supports a bullish outlook. Crypto influencer Davinci Jeremie highlighted in a recent X post that Bitcoin reserves on centralized exchanges have dropped significantly and are now around 2.4 million BTC – a level that could contribute to a looming supply shock.

链上数据还支持看涨的前景。加密影响者Davinci Jeremie在最近的X帖子中强调，比特币在集中式交易所的保留下降了大幅下降，现在约为240万BTC，这一水平可能有助于迫在眉睫的供应冲击。

Lower BTC reserves on crypto exchanges are likely to bolster the supply shock narrative for the flagship cryptocurrency, which may lead to parabolic price action. Data also shows that large investors are accumulating BTC.

BTC较低的加密交易所储备可能会加强旗舰加密货币的供应冲击叙事，这可能会导致抛物线价格行动。数据还表明，大型投资者正在积累BTC。

In a separate X post, crypto analyst Bitcoin Munger shared the following chart which shows that BTC sharks – wallets holding 100 to 1,000 BTC – have been accumulating BTC at a rapid pace. Currently, these entities hold more than 3.55 BTC collectively.

在单独的X帖子中，加密分析师比特币Munger分享了以下图表，该图表表明，BTC鲨鱼（持有100至1,000 BTC的钱包）已经快速积累了BTC。目前，这些实体共同持有超过3.55 BTC。

However, recent data shows that open interest has not risen in tandem with the rise in BTC price, which may be a cause for concern.

但是，最近的数据表明，开放兴趣并没有随着BTC价格上涨而同时增加，这可能是引起人们关注的原因。

At press time, BTC is trading at $103,311, up a modest 0.1% over the past 24 hours.

发稿时，BTC的交易价格为103,311美元，在过去的24小时内增长了0.1％。