QCP Capital说

根据Crypto贸易公司QCP Capital的新市场评论，比特币（BTC）越来越巩固其作为对政治动荡和货币不确定性的对冲的声誉。

Crypto trading firm QCP Capital observed that Bitcoin (BTC) is increasingly serving as a hedge against political instability and monetary uncertainty, according to the firm’s latest market commentary.

该公司最新的市场评论显示，加密货币公司QCP Capital观察到，比特币（BTC）越来越多地成为对政治动荡和货币不确定性的对冲。

As investors grow more concerned about global affairs, they are turning to alternative assets, and the world’s leading cryptocurrency appears to be a rising favorite.

随着投资者越来越关注全球事务，他们正在转向替代资产，而全球领先的加密货币似乎是不断上升的最爱。

To highlight the shift in investor activity, QCP Capital noted that on Wednesday alone, traders purchased over 500 BTC call options expiring May 30, 2025, with a strike price of $104,000. Additionally, more than 800 call options expiring June 27, 2025, at a $135,000 strike price were bought.

为了强调投资者活动的转变，QCP Capital指出，仅在周三，交易者购买了500多个BTC电话期权，该期权于2025年5月30日到期，打击价格为104,000美元。此外，20025年6月27日到期的800多个电话期权以135,000美元的罢工价格被购买。

This concentrated buying activity at higher strike prices indicates substantial bullish bets, suggesting that investors see potential for Bitcoin to continue rallying toward those levels.

这种集中的购买活动以较高的打击价格表明了大量的看涨赌注，这表明投资者认为比特币继续朝着这些水平倾斜的潜力。

The current rally appears “fundamentally healthier” compared to previous cycles, which were largely driven by crypto traders and saw massive leveraged숏 positions get liquidated during times of market stress.

与以前的周期相比，目前的集会似乎“从根本上健康”，这在很大程度上是由加密货币交易者驱动的，并且在市场压力时期看到了巨大的杠杆率。

However, the present rally is being fueled by macroeconomic concerns, leading to a different dynamic.

但是，目前的集会是由于宏观经济问题的推动，导致了不同的动态。

Investors are responding to global political tensions, unpredictable central bank policies, and overall market volatility, which has implications for risk appetite.

投资者正在应对全球政治紧张局势，不可预测的中央银行政策和整体市场波动，这对风险偏好产生了影响。

As the U.S. faces a high-stakes election year and several tariffs are set to expire, there is an air of uncertainty hanging over the world’s largest economy.

随着美国面临高风险选举年，将有几项关税到期，因此世界上最大的经济体存在不确定性的气氛。

This has led to a shift in favor of Bitcoin, which is often seen as an asset that thrives on uncertainty and tends to move in the opposite direction to the U.S. dollar.

这导致了对比特币的转变，比特币通常被视为在不确定性上蓬勃发展的资产，并且往往朝着与美元相反的方向移动。

In other developments, Bitcoin recently pulled back into positive territory for 2025, with BTC/USD now trading around $94,000.

在其他开发项目中，比特币最近在2025年撤回了积极的领域，而BTC/USD现在的交易约为94,000美元。

The crypto slid as far as $83,000 on Wednesday amid薄 weak U.S. macroeconomic data and a lack of significant cryptocurrency news.

在美国宏观经济数据较弱和缺乏重大加密货币新闻的情况下，加密货币在周三下跌了83,000美元。

But, afterward, BTC pulled back up, largely fueled by robust ETF (exchange-traded fund) inflows into crypto products.

但是，此后，BTC撤回了后退，在很大程度上是由强大的ETF（交换基金）流入加密产品的。

Those funds saw a record $1.42 billion in outflows over the past week, according to digital asset management firm Strategy.

根据数字资产管理公司的战略，这些资金在过去一周中创下了创纪录的14.2亿美元流出。

The firm’s latest report also noted that the majority of those outflows were channeled into Bitcoin.

该公司的最新报告还指出，大多数流出被引入比特币。

Meanwhile, the world’s leading cryptocurrency was also seen to be closely tracking the price movements of gold, which is a traditional safe-haven asset that tends to do well during times of economic uncertainty or geopolitical instability.

同时，世界领先的加密货币也被认为是跟踪黄金的价格变动，这是一种传统的避行资产，在经济不确定性或地缘政治不稳定时期往往会做得很好。