随着机构购买激增的面对市场过热的担忧，比特币接近历史最高

比特币BTC/USD上涨了1.7％，超过了103,000美元，由于机构积累和改善宏观经济条件，比特币BTC/USD牢固地高于其最低点。

Bitcoin (BTC) price clocked in on Monday with a 1.7% rise to no less than $103,000 as institutional purchasing activity continued to build.

随着机构采购活动的继续建立，比特币（BTC）的价格在周一上涨了1.7％，至不少于103,000美元。

Pointing to a new all-time high around $110,000, several analysts saw no immediate threat to the bull market despite concerns over market overheating.

尽管担心市场过热，但几位分析师指出了新的历史最高高点，但有几位分析师对牛市没有立即威胁。

Bitcoin surpasses $100K again as institutional buying ramps up

随着机构购买坡道的增加，比特币再次超过$ 10万美元

Beginning the week on a high note, Bitcoin nonetheless slipped somewhat from Friday’s levels, remaining well above its lowest point for 2024.

从一周开始的一周开始，比特币从周五的水平上有所下滑，远高于其2024年的最低点。

Despite a new high from the CBOE Volatility Index (VIX), which dropped to its 30-year average of 20 following a US-China trade deal bringing a 90-day tariff truce earlier this year, bullish trends appeared to be continuing.

尽管CBOE波动率指数（VIX）的新最高点，但在美国 - 中国贸易协议带来了今年早些时候的90天关税休战之后，其平均20年的平均水平为20年，但看涨趋势似乎仍在继续。

From a top of 60 earlier this year, the VIX had dropped to 20, while US inflation also continued to cool; April’s Consumer Price Index, the lowest since February 2021, came in at 2.3% year over year.

从今年早些时候的60个顶级开始，VIX降至20，而美国的通货膨胀也继续冷却。四月的消费者价格指数是2021年2月以来最低的，占地2.3％。

According to Bitcoin network economist Timothy Peterson, these elements, in turn, pointed to a “risk-on” environment that could drive Bitcoin to $135,000 within 100 days, based on his model which he claimed had a 95% historical accuracy.

根据比特币网络经济学家蒂莫西·彼得森（Timothy Peterson）的说法，这些要素又指出了“风险启用”环境，它可能在100天内将比特币在100天内提高到135,000美元，这是他的模型，他声称这具有95％的历史准确性。

"We're about 100 days out from the last all-time highs in March 2024, and my model for predicting major price swings in Bitcoin has a 95% success rate over the last 18 years, " Peterson wrote in part of a blog post on Monday.

彼得森在周一的博客帖子的一部分中写道：“我们从2024年3月的最后一个历史新高的高点开始了大约100天，而我预测比特币的主要价格波动的模型在过去18年中的成功率为95％。”

"My model predicts that, given the current trends in macroeconomic indicators like the VIX and inflation, Bitcoin is likely to continue rallying to new highs within the next 100 days. I expect to see price levels in the $135,000 range."

“我的模型预测，鉴于当前的宏观经济指标（如VIX和通货膨胀）的当前趋势，比特币可能会在接下来的100天内继续升至新的高点。我希望价格水平在135,000美元之间。”

At the same time, though, the Fear & Greed Index grew to 53.3% on Monday, still out of extreme euphoric ranges.

不过，与此同时，周一的恐惧和贪婪指数仍增加到53.3％，但仍然出于极端的欣喜。

The Bitcoin Bull Score Index, meanwhile, shot up massively from 20 to 80, and will hit its greatest level in 2025.

同时，比特币公牛得分指数从20点大幅上升到80，并将在2025年达到其最大水平。

"We're seeing a strong institutional interest in cryptocurrencies, particularly Bitcoin, which is evident in recent investments by major companies and venture capitalists," Dragosch said.

Dragosch说：“我们看到了对加密货币的强烈兴趣，尤其是比特币，这在主要公司和风险投资家最近的投资中很明显。”

"This influx of capital is putting upward pressure on prices and fueling the bull market in cryptocurrencies."

“这种资本的涌入正对价格施加了上升压力，并以加密货币的价格助长了牛市。”

Treasury companies and 'this cycle's bubble'

财政公司和“这个周期的泡沫”

The subject of companies buying up Bitcoin to add to their treasuries continued to be a point of contention among market participants.

购买比特币以增加国库的公司的主题继续是市场参与者之间的争执。

Some called the trend, which is seeing an increasing number of firms take on large BTC holdings, “this cycle’s bubble.”

有人称这种趋势是越来越多的公司承担了大型BTC持有的“这个周期的泡沫”。

"These companies are generating shares out of nothing to buy Bitcoin. They have no revenue, no earnings, and minimal underlying value other than their BTC exposure," market analyst Ben Armstrong stated.

市场分析师本·阿姆斯特朗（Ben Armstrong）说：“这些公司没有购买比特币的股份。除了其BTC敞口以外，它们没有收入，没有收益和最低的基本价值。”

"It's an interesting cycle we're seeing play out."

“这是我们看到的有趣的周期。”

Leading the way was Strategy (formerly MicroStrategy), which had an overall holding of 568,840 BTC. Afterwards came MARA Holdings with 48,237 BTC and Twenty One Capital with 36,312 BTC.

领先的是策略（以前是微型策略），总体持有568,840 BTC。此后，玛拉（Mara Holdings）以48,237 BTC和二十一位资本为36,312 BTC。

However, several other companies were engaging in Bitcoin accumulation tactics, ranging from metaverse project Metaplanet and medical technology firm Semler Scientific to KULR Technology, which specializes in thermal management solutions for critical electronic devices.

但是，其他几家公司正在从事比特币的积累策略，从元项目Metaplanet和医疗技术公司Semler Scientific到Kulr Technology，该技术专门从事关键电子设备的热管理解决方案。

In some cases, the companies were trading at valuations that were hugely inflated compared to their business fundamentals, which ultimately posed a concern for investors focused on standard investment criteria.

在某些情况下，与其业务基本面相比，这些公司正在以估值的交易，最终对专注于标准投资标准的投资者引起了人们的关注。