比特币价格以强劲的小时搬迁开放，攀升1.7％，达到105705美元

比特币以强劲的小时搬迁开业，在周一早些时候交易中攀升1.7％，达到105705美元。

Bitcoin price climbed strongly on Monday, opening the week with an hourly move of 1.7%.

比特币的价格在周一强劲上涨，每小时搬迁1.7％。

The surge brought the asset to its highest level since January’s all-time high.

自一月历史最高水平以来，这一激增使资产达到了最高水平。

Broader markets also saw a rotation toward risk-on.

更广泛的市场也向风险进行旋转。

Bitcoin price rose sharply in the early hours of Monday, adding 1.7% over the course of one hour.

比特币价格在周一凌晨急剧上涨，在一小时的时间内增加了1.7％。

The move, which unfolded between 07:00 and 08:00 (UTC), saw BTC trade from around $103,200 to just under $106,000, putting it within 4% of price discovery levels. However, it has since retraced slightly to $104,700 at press time.

此举在07:00至08:00（UTC）之间展开，BTC的交易从103,200美元左右达到了106,000美元以下，将其置于价格发现水平的4％之内。但是，此后，它在发稿时略有回顾至104,700美元。

The rally comes as the BBC is now reporting confirmation of progress in US-China trade negotiations, with Scott Bessent declaring a 90-day pause, stating,

集会是由于英国广播公司（BBC）现在报告了美国 - 中国贸易谈判进展的确认，斯科特·贝斯特（Scott Bessent）宣布停顿90天，指出，说

“After “robust” discussions, the US and China have agreed a 90-day pause on “reciprocal” tariffs, meaning both sides will reduce their tariffs by 115%.”

“经过“强大的”讨论，美国和中国同意对“倒数”关税的90天停顿，这意味着双方都将使关税降低115％。”

The move also coincided with a risk-on environment in broader markets. Spot gold fell 1.4% on the session, retreating to $3,278 per ounce as optimism surrounding US-China trade talks weighed on safe-haven demand.

此举还与更广泛的市场中的风险环境相吻合。 Spot Gold在会议上下降了1.4％，撤退至每盎司3,278美元，因为围绕美国 - 中国贸易谈判的乐观情绪与避风港的需求施加压力。

Meanwhile, WTI crude futures climbed 1.5%, extending a multi-day rally. Bitcoin’s price action mirrored this macro rotation, tracking higher alongside oil and equities while decoupling from gold.

同时，WTI原油期货攀升了1.5％，延长了多天的集会。比特币的价格动作反映了这种宏旋转，在与黄金脱钩的同时，与石油和股票一起跟踪更高。

This pattern has emerged during periods of reduced risk aversion, suggesting traders are reclassifying Bitcoin as a beta-macro asset rather than a defensive hedge.

这种模式在降低风险厌恶时期已经出现，这表明交易者正在将比特币重新分类为beta-macro资产，而不是防御性的对冲。

Flows into Bitcoin spot exchange-traded funds also remain a key driver. According to data compiled by Farside Investors, cumulative inflows across US-listed spot Bitcoin ETFs crossed $41 billion, with $321 million of inflows on Friday.

流入比特币现货交换贸易资金也仍然是关键驱动力。根据Farside Investors汇编的数据，美国上市的现场比特币ETF的累积流入率越过41亿美元，周五的流入为3.21亿美元。

The products are absorbing BTC at rates six times higher than the current mining issuance. These inflows reinforce upward price pressure, particularly during low-liquidity periods when order book depth is limited.

这些产品的吸收BTC的速度是当前发行的六倍。这些流入加剧了向上的价格压力，尤其是在订单簿深度有限的低流动性期间。

Price action around the $106,000 level could prove decisive, with bids stacked slightly below and limit sells beginning to populate overhead.

售价约106,000美元的价格行动可能是决定性的，投标略低于略低，限制卖出开始居住在开销中。

The broader context reflects the improved macro sentiment. The BBC reported that China has now confirmed “suspension of tariff countermeasures,” helping calm investor concerns over tariffs and global demand.

更广泛的背景反映了宏观情绪的改善。英国广播公司（BBC）报告说，中国现在已经确认了“暂停关税对策”，这有助于投资者对关税和全球需求的关注。

As a result, the US dollar has traded relatively flat, with yields hovering near recent lows. This environment supports risk assets and has historically favored crypto price appreciation.

结果，美元的交易相对平坦，收益率徘徊在最近的低点附近。该环境支持风险资产，并在历史上偏爱加密货币价格赞赏。

The move also follows Bitcoin’s rebound above $100,000 last week, when renewed inflows and improving sentiment erased April’s tariff-driven drawdown. Traders are now watching for sustained momentum as the asset approaches previous highs.

此举还遵循比特币上周超过100,000美元的反弹，当时又有了恢复流入和改善的情绪，从而消除了4月关税驱动的缩水。当资产接近以前的高点时，交易者现在正在关注持续的势头。

While the $105,000 level has psychological weight, it remains a technical midpoint between resistance at $106,400 and support near $102,400.

虽然$ 105,000的水平具有心理体重，但它仍然是阻力为106,400美元和支撑近102,400美元之间的技术中点。

Monday’s activity places Bitcoin back near the upper boundary of its 2025 range. Whether flows and macro conditions can support a sustained move beyond the January high will likely depend on upcoming catalysts, including Tuesday’s US CPI report and Federal Reserve commentary.

周一的活动将比特币放回其2025年范围的上边界附近。流量和宏观条件是否可以支持超出一月高的持续转变，这可能取决于即将到来的催化剂，包括周二的美国CPI报告和美联储评论。

For now, Bitcoin’s return to $105,000 reaffirms its position at the forefront of risk appetite in global markets.

目前，比特币返回到105,000美元，重申了其在全球市场风险胃口最前沿的地位。