比特币（BTC）火箭超过$ 90K，在机构流和宏观风风的推动下，目标为20万美元

策略师剖析比特币集会背后的事情 - 售价200k $ 200k btc是新政权中的真正目标

A top strategist is signaling a paradigm shift as bitcoin (BTC) rockets past $94K, fueled by institutional flows and macro tailwinds, with $200K now a credible near-term target.

一位顶级策略师正在向范式转变，因为比特币（BTC）火箭超过了$ 94,000，这是由机构流和宏大风风开动的，现在有200k美元的近期目标。

Crypto Research Strategist at 21Shares Matt Mena attributed the price surge to “a confluence of macro and structural catalysts.” A softer diplomatic stance from President Donald Trump toward China and renewed clarity over U.S. Federal Reserve Chair Jerome Powell’s tenure are reconfiguring investor strategies.

21shares Matt Mena的加密研究策略师将价格振幅归因于“宏观和结构催化剂的汇合”。唐纳德·特朗普（Donald Trump）总统对中国的外交立场和对美国美联储董事长杰罗姆·鲍威尔（Jerome Powell）任期的明确性的柔和外交立场正在重新配置投资者策略。

These developments, combined with a weakening dollar, are creating a more favorable environment for risk assets. However, bitcoin is distinguishing itself from the pack as more than a speculative instrument.

这些发展与美元疲软相结合，为风险资产创造了更有利的环境。但是，比特币将自己与包装的区别不仅仅是投机仪器。

“This rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime,” he remarked in a recent analysis.

他在最近的一项分析中说：“这次集会不是零售驱动的炒作，它的机构资本定位比许多人认为是新的货币和政治制度。”

That shift is evident not just in sentiment, but in how bitcoin is behaving relative to traditional markets. Mena added that bitcoin’s 7-day correlation to the S&P 500 and Nasdaq has gone negative, highlighting that the asset is no longer being treated as a tech proxy.

这种转变不仅在情感上，而且是比特币相对于传统市场的表现。 MENA补充说，比特币与标准普尔500指数的7天相关性和纳斯达克的相关性已经消极，这强调了该资产不再被视为技术代理。

Instead, it’s gaining traction as “a hybrid macro asset—part digital gold, part growth equity—roughly 80% gold and 20% tech.”

取而代之的是，它正在成为“混合宏观资产（部分数字黄金，部分增长权益），这一数量高达80％的黄金和20％的技术。”

Capital flows have followed suit, with bitcoin and ethereum ETFs bringing in over $1.3 billion in just two days. Meanwhile, more than $500 million in crypto short positions were liquidated as traders scrambled to adjust.

资本流也伴随着，比特币和以太坊ETF在短短两天内带来了超过13亿美元。同时，随着交易员争先恐后的调整，超过5亿美元的加密货币短额被清算了。

“Short term, the next resistance sits around $95K, which could act as a brief pause point given the pace of this rally. Beyond that, the key psychological level remains $100K,” cautioned Mena.

梅纳警告说：“短期，下一个抵抗力量的价格约为9.5万美元，鉴于这次集会的步伐，这可能是一个短暂的停顿。除此之外，关键的心理水平仍然是$ 10万美元。”

The broader landscape continues to build the case for bitcoin’s momentum, he noted, and the total crypto market cap has once again crossed the $3 trillion mark, matching highs not seen since the 2020–2021 cycle.

他指出，更广阔的景观继续为比特币的势头建立了案例，而加密市政上限的总景观再次超过了3万亿美元的大关，与自2020- 2021年周期以来未见的高高相匹配。

Economic indicators such as the approaching 4% yield on 10-year Treasury notes and expectations for three to four interest rate cuts by year’s end are reinforcing bullish sentiment. Mena predicted the potential for further upside:

经济指标，如10年期债券的收益率和期望为3至4年的期望在年底之前降低了4％的收益率，这加剧了看涨的情绪。 MENA预测了进一步上涨的潜力：

“Bitcoin could potentially double by the end of the year, following global liquidity dynamics as it has in past cycles and reaching a high of $200K.”

“在全球流动性动态上，比特币可能会在今年年底之前加倍，就像过去的周期一样，达到200万美元。”

Investors are increasingly looking beyond volatility, Mena concluded, and more are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets.

MENA得出结论，投资者越来越多地寻找波动性，不仅是投机性的资产，而且是在传统市场不确定性上升的情况下飞往安全的飞行。