比特币（BTC）价格上涨14.08％，2025年4月

根据最新的Bitfinex报告，比特币的价格在2025年4月上涨了14.08％。收益超过比特币的历史月平均每月13％

Bitcoin’s price soared by 14.08% in April 2025, according to the latest Bitfinex report. The gain exceeded Bitcoin’s historical monthly average of 13% and the median return of 7.3%, as the report, published on May 6, highlighted.

根据最新的Bitfinex报告，比特币的价格在2025年4月飙升了14.08％。这种收益超过了比特币的历史平均每月13％，而在5月6日发布的报告中，该报告的中位回报率为7.3％。

Early April brought price pressure. A U.S. tariff announcement from President Donald Trump pushed Bitcoin’s price down to $74,501. The coin later recovered 32%, reaching $97,900 by the end of the month. Bitfinex linked the rebound to inflation concerns and a weakening U.S. dollar.

4月初带来了价格压力。总统唐纳德·特朗普（Donald Trump）的美国关税宣布将比特币的价格降至74,501美元。硬币后来恢复了32％，到本月底达到了97,900美元。 Bitfinex将反弹与通货膨胀问题联系起来，并减弱美元。

The report stated that the Bitcoin bull run may not be over. However, it noted that the market trend depends on macroeconomic stability. April’s strong finish showed resilience, especially after the early decline.

该报告指出，比特币牛的运行可能还没有结束。但是，它指出，市场趋势取决于宏观经济稳定性。四月的强劲表现表现出弹性，尤其是在早期下降之后。

Bitcoin Miners Hold Reserves, Supporting Bull Cycle Data

比特币矿工持有储备金，支持牛周期数据

The Bitfinex report highlighted that Bitcoin miners continued to hold their reserves despite the price increase. Miner holdings rose from 1.808 million BTC in December 2024 to 1.809 million BTC by May 5.

Bitfinex报告强调，尽管价格上涨，比特币矿工仍继续持有储备。矿工控股公司从2024年12月的1808万BTC上升到5月5日到180.9万BTC。

Miners typically sell Bitcoin to cover costs. Instead, they kept holding, which the report linked to expectations of future price strength. The report also cited the Puell Multiple, which remained under 2. This metric compares current miner revenue to historical levels. The current reading shows that the market has not yet reached a typical cycle top.

矿工通常出售比特币以支付成本。相反，他们一直保持着，该报告与对未来价格实力的期望有关。该报告还引用了PUELL多倍数，该倍数仍低于2。该指标将当前的矿工收入与历史水平进行了比较。当前的阅读表明，市场尚未达到典型的周期顶部。

The report stated:

报告指出：

“The fact that they are still holding into this recent 32 percent recovery from the April lows supports the idea that, despite recent volatility and macro uncertainty, we may not have seen the final leg of the current bull cycle.”

“事实上，他们仍在四月低点中恢复最近的32％的恢复，这支持了这样的观念：尽管最近的波动性和宏观不确定性，但我们可能还没有看到当前牛周期的最后一站。”

The miner behavior and low Puell Multiple add to signs that the Bitcoin bull run could extend, but the Bitfinex report did not give a price prediction.

矿工的行为和低puell多重多重增加了比特币公牛运行可能会扩展的迹象，但是Bitfinex报告没有给出价格预测。

Bitfinex: Bitcoin $95,000 Level Remains Crucial for Trend Shift

Bitfinex：比特币$ 95,000的水平对于趋势转移仍然至关重要

The Bitfinex report identified $95,000 as a key level for Bitcoin’s price. This level was the lower edge of a range seen between November 2024 and February 2025. The report noted that Bitcoin is now consolidating around this point.

Bitfinex报告将$ 95,000确定为比特币价格的关键水平。该水平是2024年11月至2025年2月之间出现的范围的下边缘。该报告指出，比特币现在正在整合这一点。

A clear move above $95,000 may shift the trend upward. If Bitcoin fails to hold this level, the price may fall back to previous support zones. The report said,

超过$ 95,000的明显举动可能会向上转移趋势。如果比特币无法保持此水平，价格可能会返回以前的支持区。报告说，

“The $95,000 level—currently under consolidation—is a critical pivot point.”

“ $ 95,000的水平 - 虽然正在合并，这是一个关键的枢轴点。”

The next few days may show whether Bitcoin can reclaim this level as support or continue consolidating below it.

接下来的几天可能会表明比特币是否可以在其下方收回该水平作为支持或继续合并。

Bitfinex: Short-Term Holder Cost Basis Near Bitcoin’s Current Price

Bitfinex：短期持有人的成本基础接近比特币的当前价格

The Bitfinex report also reviewed Bitcoin’s position relative to its short-term holder (STH) cost basis. This metric shows the average acquisition price of BTC bought by recent investors. As of May 6, this value stood at $93,340.

Bitfinex报告还审查了比特币相对于其短期持有人（STH）成本基础的地位。该度量标准显示了最近投资者购买的BTC的平均收购价格。截至5月6日，此价值为93,340美元。

Bitcoin’s price at press time was $94,236, slightly above the STH cost basis. According to the report, this level historically acts as a dividing line between bullish and bearish phases.

发稿时比特币的价格为94,236美元，略高于STH成本。根据该报告，该水平历史上是看涨阶段和看跌阶段之间的分界线。

If Bitcoin stays above the short-term holder cost basis, it could support the ongoing market strength. A fall below may suggest a shift in short-term sentiment. However, the report focused on current technical levels without offering forecasts.

如果比特币保持在短期持有人的成本基础上，则可以支持持续的市场实力。下降可能表明短期情绪发生了变化。但是，该报告的重点是当前的技术水平，而没有提供预测。