比特币（BTC）飙升超过$ 90,000，但逆风继续存在，可能会进一步上涨

比特币（BTC）周二飙升了91,000美元，在投资者的乐观情绪和对美国 - 中国贸易紧张局势解冻的新希望中攀升了近5％，

Bitcoin (BTC) price surged past $91,000 on Tuesday, heating up in the U.S. afternoon as the largest cryptocurrency climbed nearly 5%. The move came amid renewed optimism among investors and fresh hopes of a thaw in U.S.-China trade tensions, but headwinds persist that could cap further upside, analytics firm CryptoQuant cautioned.

比特币（BTC）的价格在周二的91,000美元以上飙升，在美国下午加热，最大的加密货币攀升了近5％。分析公司CryptoFand警告说，此举是由于投资者对投资者的乐观情绪和新的融化期望，但逆风持续存在，可能会进一步上涨，但分析公司的逆风持续下去。

Bitcoin hit highs of $91,700 with the price action now in the U.S. afternoon as BTC rose 4.8% over the past 24 hours according to CoinDesk data. Among the biggest altcoins, ether (ETH) price rose 8% over the past 24 hours, trading above $1,700. Dogecoin (DOGE) and Sui (SUI) led the mid-tier gains, both rising more than 8.6%.

根据Coindesk的数据，过去24小时内BTC上涨了4.8％，比特币的高点为91,700美元，而现在的价格行动现在为美国下午的价格。在最大的Altcoins中，Ether（ETH）价格在过去24小时内上涨8％，超过1,700美元。 Dogecoin（Doge）和Sui（Sui）领导了中期增长，两者均上涨超过8.6％。

The S&P 500 and the tech-heavy Nasdaq recovered from yesterday's decline, finishing the session 2.5% and 2.7% higher, respectively. The U.S. Treasury Secretary Scott Bessent reportedly told investors at a closed-door JPMorgan event that the tariff standoff with China was unsustainable and would be coming to an end.

标准普尔500指数和技术繁重的纳斯达克股票从昨天的下降中恢复过来，分别完成了2.5％和2.7％的比赛。据报道，美国财政部长斯科特·贝斯特（Scott Bessent）在封闭的摩根大通活动中告诉投资者，与中国的关税对峙是不可持续的，即将结束。

Bessent said the move would come “in the very near future,” adding that the current conditions could be described as a “trade embargo.” However, he cautioned that a more comprehensive deal between the two nations could take even years to materialize.

Bessent表示，此举将“在不久的将来”，并补充说，当前条件可以描述为“贸易禁运”。但是，他警告说，两国之间的更全面的交易甚至可能需要数年的时间才能实现。

Gold, meanwhile, sharply reversed from its record price of $3,500 during the day and was down 1%.

同时，黄金与白天3500美元的创纪录价格明显相反，下降了1％。

“As capital rotates out of USD risk and into safe-haven, inflation-hedging assets, BTC and gold are proving to be key beneficiaries,” analysts at hedge fund QCP Capital said in a Telegram broadcast.

Hedge Fund QCP Capital的分析师在电报广播中说：“随着资本从美元风险中旋转到避风港，通货膨胀对冲资产，BTC和黄金被证明是关键受益人。”

They highlighted rejuvenating inflows to spot U.S.-listed BTC ETFs and the return of the so-called Coinbase price premium, suggesting demand from American institutional investors. BTC ETF booked over $381 million net inflows on Monday adding to Thursday's $107 million, according to Farside Investors data.

他们强调了恢复活力的流入，以发现美国上市的BTC ETF以及所谓的Coinbase价格溢价的回归，这表明美国机构投资者的需求。根据Farside Investors的数据，BTC ETF周一预订了超过3.81亿美元的净流入，增加了周四的1.07亿美元。

But not all signs point to a sustained breakout.

但并非所有迹象都表明持续的突破。

Despite the price jump, on-chain data points to fragility beneath the surface, CryptoQuant analysts said in a Tuesday report. Bitcoin’s apparent demand has decreased by 146,000 BTC over the past 30 days—an improvement from the sharp drop in March, but still negative. CryptoQuant’s demand momentum metric, which tracks new investor interest, has deteriorated further to its the most bearish level since October 2024, the report noted.

加密分析师在周二的报告中说，尽管价格上涨，但链上的数据表明表面脆弱性。在过去的30天中，比特币的明显需求减少了146,000 BTC，这比3月份的急剧下降有所改善，但仍然负面。该报告指出，追踪新投资者兴趣的CryptoQuant的需求势头指标已进一步恶化至2024年10月以来最持久的水平。

Market liquidity remains soft, with the report using USDT’s market cap growth as a proxy for crypto liquidity. USDT grew $2.9 billion over the past two months, below its 30-day average. Historically, BTC rallies coincided with USDT growth above $5 billion and above trend — a threshold not yet met.

该报告使用USDT的市值增长作为加密流动性的代理。在过去两个月中，USDT增长了29亿美元，低于其平均30天。从历史上看，BTC集会与USDT增长超过50亿美元及以上趋势相吻合 - 尚未达到阈值。

Adding to the caution, bitcoin is now facing a key resistance zone between $91,000 and $92,000 at around the "Trader’s On-chain Realized Price" metric, a level that has often served as resistance in bearish conditions. CryptoQuant’s on-chain bull score classified current market conditions as bearish, suggesting a pause or pullback could follow if sentiment weakens.

除了谨慎的态度外，比特币现在面临着“交易者的链上实现的价格”左右在91,000至92,000美元之间的关键阻力区，这一水平通常是在看跌条件下的阻力。隐式链的链牛评分将当前市场状况归为看跌，这表明如果情绪削弱，可能会暂停或下降。