比特币（BTC）价格飙升至105,000美元以上

比特币（BTC）在2025年5月20日上涨了105,000美元以上，对其潜在天花板和力量推动其目前的集会的好奇心重新激发了好奇心。

Bitcoin’s (BTC) price surge above $105,000 on May 20 has reignited curiosity about its potential ceiling and the forces propelling its current rally.

5月20日，比特币（BTC）的价格涨幅超过105,000美元，这激发了人们对其潜在上限和力量推动其目前集会的好奇心。

As investors and analysts speculate on how high Bitcoin can climb, today’s surge, fueled by institutional inflows, bullish technical patterns, and macroeconomic tailwinds, offers clues to its trajectory.

当投资者和分析师推测比特币可以攀升的高度，今天的激增，由机构流入，看涨的技术模式和宏观经济的尾风推动，为其轨迹提供了线索。

Drawing from expert insights, on-chain data, and market trends, this article explores why Bitcoin is soaring today and what price levels it might reach in the near and long term.

从专家见解，链上数据和市场趋势中汲取灵感，本文探讨了为何比特币今天飙升，以及它在近期和长期的价格水平。

From a technical analysis perspective, two things seem important: a bullish pin bar on the BTC daily chart and a potential golden cross.

从技术分析的角度来看，两件事似乎很重要：BTC每日图表上的看涨销钉和潜在的金十字架。

Why Is Bitcoin Going Up Today?

为什么比特币今天上升？

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that 최근 급등 원인은 무엇일까요? Countless articles, posts, and reports have been written on this topic. Still, it seems that there is no single answer and several key factors are driving Bitcoin's rally. Dr. Kirill Kretov from CoinPanel provides some insight into the current market dynamics:

比特币比特币虽然有些人可能仍然想知道是什么是比特币，谁创建了比特币，或者比特币如何工作，但一件事是可以肯定的：比特币改变了世界。没有一个人可以对这种革命性的，分散的，数字资产，数字资产或大区链技术的持久性，自从佛罗里达州的官方运输中，我们就已经很长一段offersion florida carterstions of florida oferida oferida oferida offrida bttriess bt bits bt bits bt bt bt bt bt bt bt bt bt btc btc btc btc bt btc btc bt bt btc btc btc btc btc btc bt trent。 10,000个比特币在他当地的爸爸约翰·斯（Papa John's.s.有关此主题的文章，帖子和报告已有无数的文章，帖子和报告。尽管如此，似乎没有一个答案，几个关键因素正在推动比特币的集会。 Coinpanel的Kirill Kretov博士提供了对当前市场动态的一些见解：

"From an on-chain perspective, the current Bitcoin setup closely resembles the pre-bull run structure we saw in early 2021. While we are not seeing the breakout yet, the conditions for a major move are rapidly forming.”

“从链的角度来看，当前的比特币设置与我们在2021年初看到的前跑结构相似。虽然我们还没有看到突破，但重大移动的条件迅速形成。”

1. Growing Institutional Demand and ETF Inflows

1。增长的机构需求和ETF流入

Institutional interest in Bitcoin is at an all-time high, significantly boosting its price. Spot Bitcoin exchange-traded funds (ETFs) in the U.S. have seen inflows for 18 of the last 21 days, accumulating $6.9 billion in new capital over three weeks, according to Farside Investors. Additionally, CoinShares reported $557 million in inflows to Bitcoin investment products last week, reflecting growing investor confidence.

对比特币的机构兴趣处于历史最高水平，大大提高了其价格。根据Farside Investors的说法，在美国，现场比特币交易所交易的资金（ETF）在过去21天中的18天中有18个星期的流入，在三周内积累了69亿美元的新资本。此外，Coinshares上周向比特币投资产品报告了5.57亿美元的流入，这反映了投资者的信心不断增长。

Corporate adoption is also on the rise. Strategy (formerly MicroStrategy) purchased 7,390 BTC worth $765 million, while Japan’s Metaplanet added 1,004 BTC for $129 million, as announced on May 19. This institutional and corporate buying spree signals Bitcoin’s increasing role as a long-term asset, pushing its price toward new highs.

公司采用也正在上升。如5月19日宣布的那样，策略（以前是MicroStrategy）以7.65亿美元的价格购买了7,390 BTC，而日本的Metaplanet则以1.29亿美元的价格增加了1,004 BTC，这是1,004 BTC的。这种机构和公司购买的狂潮信号是比特币的长期作用，作为长期的长期作用，将其价格推向了新高高。

JUST IN: 🇯🇵 Metaplanet bought another 1,004 #Bitcoin for ¥15 billion.

就在：🇯🇵metaplanet以150亿日元的价格购买了1,004 #bitcoin。

2. High Open Interest in Futures Markets

2。对期货市场的高度兴趣

Bitcoin’s rally is further supported by unprecedented open interest (OI) in the futures market, which hit an all-time high of $72.63 billion on May 20, up 27% from $57.1 billion a month earlier, according to CoinGlass.

根据Coinglass的数据，比特币的集会得到了前所未有的开放兴趣（OI）的进一步支持，该期货市场在5月20日的历史最高点数726.3亿美元，从一个月前的571亿美元上升了27％。

Bitcoin CME futures OI also reached a 90-day high of 157,875 BTC ($16.76 billion) on May 19. This surge in leveraged positions indicates strong market expectations of continued upward momentum, similar to the 84% rally from October to December 2024, when Bitcoin hit its previous all-time high of $108,000.

比特币CME Futures OI在5月19日达到了90天的高点157,875 BTC（167.6亿美元）。杠杆位置的这种激增表明，市场对持续势头的强烈预期，类似于2024年10月至2024年10月的84％Rally Rally，当时比特币以前的预期高高达到了108,000美元。

3. Macroeconomic Tailwinds

3。宏观经济的尾风

Macroeconomic factors are also fueling Bitcoin’s rise. Increasing M2 money supply and easing U.S.-China trade tensions have bolstered bets on a new record high.

宏观经济因素也在加剧比特币的上升。增加了M2货币供应和缓解美中的贸易紧张局势，以新的纪录提高了赌注。

Bitcoin’s fixed supply and transparency make it an attractive hedge against fiat currency risks and sovereign debt fragility, especially as institutional and sovereign interest grows, according to Tracy Jin, COO of MEXC.

根据MEXC的COO Tracy Jin的说法，比特币的固定供应和透明度使其成为针对法定货币风险和主权债务脆弱性的有吸引力的对冲，尤其是随着机构和主权利息的增长。

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Another interesting perspective comes from Dr. Kirill Kretov, an expert in technical analysis and on-chain data. According to Dr. Kretov, the structure of the current Bitcoin setup closely resembles the pre-bull run formations observed in early 2021.

另一个有趣的观点来自技术分析和链上数据专家Kirill Kretov博士。根据Kretov博士的说法，当前比特币设置的结构与2021年初观察到的前的跑步构造相似。

Additionally, a bullish pin bar candle near the $105,000 support level, identified in my technical analysis, signals strong buying pressure defending this key zone. This level aligns with local highs from early May, further reinforcing its significance.

此外，在我的技术分析中确定的105,000美元支持水平附近的Bullish Pin Bar蜡烛标志着强烈的购买压力捍卫了这一关键区域。从5月初开始，该水平与当地高点保持一致，从而进一步增强其意义。

The upcoming golden cross, where the 50-day simple moving average (SMA) crosses above the 200-day SMA, also supports bullish

即将到来的金十字架（50天简单的移动平均线（SMA）超过200天SMA）也支持看涨