随着投资者信心的增长，比特币（BTC）价格飙升至100,000美元以上

比特币最近的涨幅使其价格牢固地超过了100,000美元的价格水平，这反映了正在进行的投资者信心。

Bitcoin's recent surge has kept its price firmly above the $100,000 price level, reflecting ongoing investor confidence despite broader economic uncertainty and renewed geopolitical activity.

比特币最近的涨幅使其价格牢固地超过了100,000美元的价格水平，这反映了尽管经济不确定性更广泛和重新进行地缘政治活动，但投资者的信心仍在进行。

At the time of writing, BTC is trading at $103,527, posting a 4.3% in the past 24 hours and climbing 33% over the last month. While still approximately 5% below its all-time high recorded in January, the market has displayed consistent upward momentum, with technical and on-chain signals indicating continued accumulation and interest.

在撰写本文时，BTC的交易价格为103,527美元，在过去24小时内的交易价格为4.3％，在上个月攀升了33％。虽然仍然比1月份记录的历史最高纪录约5％，但市场表现出一致的向上势头，技术和链信号表明持续积累和兴趣。

This latest rally has also been accompanied by a shift in investor sentiment, which appears to be tipping toward risk-on as headlines around trade agreements and fiscal maneuvering spur a surge in buying activity.

最新的集会还伴随着投资者情绪的转变，这似乎正朝着风险范围内倾斜，因为围绕贸易协定和财政操纵的头条新闻刺激了购买活动的激增。

According to CryptoQuant analyst Darkfost, current market patterns mirror a period last seen almost 5 years ago, marked by high volatility and conflicting economic narratives.

根据隐秘分析师Darkfost的说法，当前的市场模式反映了大约5年前的最后一个时期，标志着高波动性和相互矛盾的经济叙事。

"Central banks, like the Fed, are still trying to be cautious, but investors' sentiment is shifting toward risk-on, especially with Trump starting to pursue trade deals again and the U.S. planning to maneuver on global policy more aggressively," the analyst stated.

分析师说：“像美联储一样，中央银行仍在努力保持谨慎，但投资者的情绪正在转向风险，尤其是随着特朗普再次开始进行贸易交易，美国计划更加积极地对全球政策进行操纵。”

This sentiment-driven environment makes it challenging to rely solely on traditional metrics for forecasting price trends, as indicated by the Bitcoin Growth Rate indicator returning to bullish territory alongside BTC reclaiming the $100,000 level.

这种情感驱动的环境使仅依靠传统指标来预测价格趋势变得具有挑战性，这是由比特币增长率指标与BTC一起恢复了100,000美元水平的比特币增长率指标所表明的。

"We can notably explain this by all the headline-driven effects, like the one we saw today ('You should buy stocks now'), but also by the fact that Trump is starting to pursue trade deals with various countries, like the agreements made today with the U.K.," Darkfost added.

Darkfost补充说：“我们可以通过所有标题驱动的效果来解释这一点，例如我们今天看到的效果（'您现在应该购买股票'），但由于特朗普开始与各个国家达成贸易协定，例如今天与英国达成的协议，” Darkfost补充说。

These signals may be pushing investors into crypto assets as part of broader diversification strategies. Despite the Federal Reserve's warning for continued caution, the market seems to be faced with a fear of missing out, creating further upside volatility.

这些信号可能将投资者推向加密资产，这是更广泛的多元化策略的一部分。尽管美联储警告了继续谨慎的警告，但市场似乎面临着害怕错过的，从而造成了进一步的上升波动。

Retail Lags As Bitcoin Whales Continue to Accumulate

随着比特币鲸的继续积累，零售滞后

In a related analysis, another CryptoQuant analyst caueconomy revealed that large-scale Bitcoin holders have remained active throughout the recent price recovery. Over the last month, wallets classified as "whales" have added roughly 41,300 BTC to their balances.

在相关的分析中，另一位加密分析师的Cauececrensony表明，在最近的整个价格恢复中，大型比特币持有人一直保持活跃。在过去的一个月中，被归类为“鲸鱼”的钱包增加了大约41,300 BTC的余额。

This steady accumulation, especially from institutional investors and corporations, indicates that strategic positioning continues despite mixed macroeconomic signals.

这种稳定的积累，尤其是从机构投资者和公司那里，表明尽管宏观经济信号混合，战略定位仍在继续。

According to caueconomy, this isn't being driven by retail speculation but by institutional entities using corporate resources such as retained earnings and debt issuance.

根据Cauecomany的说法，这不是由零售投机所驱动的，而是由使用公司资源（例如保留收益和债务发行）的机构实体驱动的。

This form of capital inflow, often described as "passive" accumulation, can generate sustained demand pressure independent of market cycles. As a result, Bitcoin's recent gains may be supported by a structurally different class of buyers than in previous bull markets.

这种形式的资本流入形式通常被描述为“被动”的积累，可以产生持续的需求压力，而不是市场周期。结果，比特币最近的收益可能得到了与以前的牛市的结构不同类别的支持。