比特币（BTC）恢复了看涨的势头，并显示了另一个突破的迹象

尽管最近有回调，但加密分析师指出了几种主要的逆风，这些逆风可能会将BTC远远超出去年年底的108,077美元高度。

Bitcoin (BTC) has regained bullish momentum and is showing signs of another breakout — potentially reaching a new all-time high as early as this month.

比特币（BTC）恢复了看涨的势头，并显示出另一个突破的迹象 - 在本月最早可能会达到新的历史最高水平。

Despite recent pullbacks, crypto analysts are pointing to several major tailwinds that could push BTC well beyond its previous $108,077 high set late last year.

尽管最近有回调，但加密分析师指出了几种主要的逆风，这些逆风可能会将BTC远远超出去年年底的108,077美元高度。

Here are the top three reasons fueling optimism in the Bitcoin market:

这是助长比特币市场乐观的三大原因：

1. ETF Inflows Are Surging Again

1。ETF流入再次激增

After a temporary slowdown in April, U.S. spot Bitcoin exchange-traded funds (ETFs) are seeing renewed inflows.

在四月份暂时放缓之后，美国现货比特币交易所交易基金（ETF）看到了新的流入。

According to market data, these regulated investment products — which allow institutional and retail investors to gain exposure to BTC without holding the asset directly — are once again driving up demand.

根据市场数据，这些受监管的投资产品（允许机构和散户投资者可以直接持有资产的情况下接触BTC）再次提高了需求。

This return of large-scale buying pressure is a key signal that Bitcoin’s next leg up may already be underway.

大规模购买压力的回归是一个关键信号，表明比特币的下一条腿可能已经在进行。

2. BTC Supply on Exchanges Continues to Shrink

2。交流中的BTC供应继续收缩

One of the strongest on-chain signals for a bullish breakout is the continued decline in Bitcoin held on centralized exchanges.

对看涨突破的最强链信号之一是集中式交流的比特币持续下降。

Data from analytics firm Santiment shows that BTC supply on exchanges has dropped to its lowest level since December 2021 — a clear indication that holders are opting to store Bitcoin in self-custody wallets rather than sell.

分析公司的数据表明，自2021年12月以来，交易所中的BTC供应已下降到其最低水平，这清楚地表明持有人选择将比特币存储在自我客户的钱包中而不是销售中。

This shift suggests that investors expect higher prices ahead — and are positioning accordingly.

这一转变表明，投资者期望提出更高的价格 - 并在相应地定位。

3. Social Sentiment and On-Chain Activity Are Rising

3。社会情绪和链上活动正在上升

Bitcoin’s social volume — a metric tracking the frequency of mentions across major crypto-related channels — has started to spike again. That coincides with higher transaction volumes and greater on-chain activity, both of which often precede major price moves.

比特币的社交量 - 一种指标，跟踪与加密相关的主要渠道中提及的频率 - 再次开始飙升。这与较高的交易量和更大的链上活动相吻合，这两个活动通常都在主要价格转移之前。

As crowd sentiment improves and activity rises, Bitcoin appears well-positioned to re-enter price discovery territory.

随着人群情绪的提高和活动的上升，比特币似乎有很好的位置，以重新进入价格发现领域。

Outlook: BTC Eyes a New All-Time High in May 2025

前景：BTC眼睛在2025年5月有史以来新的高潮

With ETF inflows accelerating, exchange reserves falling, and social signals turning bullish, Bitcoin is setting up for a potential rally.

随着ETF流入的加速，交换储量下降以及社会信号变成看涨，比特币正在为潜在的集会设置。

While short-term volatility remains likely, these combined fundamentals make a compelling case that BTC could surge to new highs — possibly before the end of the month.

尽管短期波动率仍然可能存在，但这些合并的基本面使BTC可能在本月底之前迅速升至新的高点。