在现货需求和特朗普贸易的推动下，比特币集会至$ 100K看起来可持续

根据K33 Research的一份新报告，比特币最近的涨幅超过100,000美元，这是与以前的集会相比的重大，更健康的突破。

According to K33 Research, Bitcoin’s recent breakout past the $100,000 mark appears healthier than previous rallies, with no signs of overheating in the derivatives market and overall investor sentiment remaining cautious.

根据K33 Research的研究，比特币最近出现的100,000美元大关的突破似乎比以前的集会更健康，没有衍生品市场过热的迹象，总体投资者情绪仍然谨慎。

This suggests that the cryptocurrency could have a stronger foundation for continuing its ascent in the coming months.

这表明加密货币可能在未来几个月内继续其上升的基础。

In its latest report, K33 noted that BTC's latest climb—a 9% increase last week—is being driven by robust spot market demand and balanced positioning rather than leveraged speculation. Daily spot trading volume jumped 51% week-over-week, averaging $3.9 billion, a strong indicator of genuine market interest. However, K33 noted that market depth remains thinner than during previous all-time highs.

K33在其最新报告中指出，BTC的最新攀登（上周增长了9％）是由强劲的现货市场需求和平衡的定位而不是杠杆猜测的。每日现货交易量增加了51％的周，平均为39亿美元，这是真正市场兴趣的强烈指标。但是，K33指出，市场深度仍然比以前的历史高潮更薄。

"The market feels less exuberant than usual, despite having gをめじへ焼売へcoded past $100,000, which could be explained by the fact that the move happened slowly, allowing participants to digest it gradually," K33 stated.

K33说：“尽管Gをめじへ焼売へ编码超过100,000美元，但市场感觉不及平常，这可以通过缓慢发生的事实来解释，这使参与者能够逐渐消化它。”

The report noted that May, typically a weak month due to tax season sluggishness and a lack of bullish catalysts, might defy expectations this year. "This summer could reward those who hold rather than sell in May," the report stated, hinting at potential upside ahead.

该报告指出，由于税收季节的迟钝和缺乏看涨的催化剂，可能会违背今年的期望。报告说：“今年夏天可以奖励那些在五月份持有而不是卖出的人。”

One key driver behind the rally, according to K33, is the so-called "Trump Trade." The firm points to Donald Trump's pro-crypto rhetoric and policy positions as a tailwind for market confidence. With expectations rising that a Trump administration could ease regulatory pressure on the crypto industry, K33 suggests that political developments are playing a central role in Bitcoin's renewed momentum.

根据K33的说法，集会背后的一个主要驱动力是所谓的“特朗普贸易”。该公司指出，唐纳德·特朗普（Donald Trump）的亲克赖特（Crypto）言论和政策立场是市场信心的逆风。随着期望特朗普政府可以减轻加密货币行业的监管压力，K33表明政治发展在比特币的新势头中起着核心作用。

"The thinking goes that if Trump wins the election and Appoints pro-crypto officials, this could lead to less regulatory scrutiny on the crypto industry," the report concludes.

该报告总结说：“想法是，如果特朗普赢得选举并任命亲克赖特托官员，这可能会导致对加密货币行业的监管审查。”

Altogether, the combination of strong spot demand, calm derivatives activity, and supportive political backdrop could set the stage for Bitcoin to explore new all-time highs in the coming months.

总的来说，强大的点需求，平静的衍生品活动和支持性的政治背景的结合可能为比特币探索未来几个月的新历史高潮的舞台。