比特币火箭到$ 110,730-下一站是月光吗？

周三，领先的加密资产比特币在另一个价格障碍上拱起，每枚硬币达到110,730美元。

Bitcoin price rose to a new high of $110,730 on Wednesday evening, continuing its recent rally from the lows seen earlier in the year.

比特币价格在周三晚上上涨至110,730美元的新高点，从今年早些时候看到的低点开始了其最近的集会。

At 8:58 p.m. ET, the leading crypto asset was trading at a slightly lower level of $109,990. It had earlier reached the peak of $110,730 at 7:15 p.m. ET, as per Bitstamp data.

美国东部时间晚上8:58，领先的加密资产的交易价格略低于109,990美元。根据BitStamp数据，它早些时候已在美国东部时间7:15的峰值达到了110,730美元的峰值。

The digital currency has soared 47.82% since bottoming out at $74,434 on April 6, marking an increase of over $35,000.

自从4月6日触底下降的74,434美元以来，数字货币已飙升了47.82％，标志增加了35,000美元以上。

The rally in bitcoin can be attributed to persistent and organic buying pressure in the spot market, leading to the recent price surge, according to analysts at Bitfinex.

根据Bitfinex的分析师的说法，比特币中的集会归因于现货市场上的持续和有机购买压力，导致了最近的价格上涨。

“This move has initially been a squeeze—since we moved up on short liquidations and the first break can be reversed on lower timeframes. However when we refer to our rally from 75k until now, it’s driven by clean spot demand, ETF inflows, and a macro backdrop that continues to favour risk-on assets,” the analysts explained.

“这一举动最初是挤压的 - 因为我们在短时间清算中移动了，并且可以在较低的时间范围内逆转。但是，当我们从75K到现在提到的集会时，它是由清洁的景点需求，ETF流入和宏观背景所驱动的，它继续有利于风险的资产，”分析师解释说。

They further noted, “the recent geopolitical de-escalation (Russia–Ukraine), dovish undertones from global central banks, and softening inflation prints have all created an ideal environment for bitcoin to act as a macro momentum asset.”

他们进一步指出：“最近的地缘政治降级（俄罗斯 - 乌克兰），来自全球中央银行的肮脏的底色以及通货膨胀印花的柔和印刷品都为比特币创造了一个理想的环境，使比特币充当宏观动量资产。”

As bitcoin’s price hits new highs, it is also integrating deeper into mainstream finance, with several structural shifts supporting the rally. Among these are the participation of institutions in exchange-traded funds (ETFs) and the recalibration of the macroeconomic landscape.

随着比特币的价格达到新的高点，它也将更深层次地融入主流金融，几个结构上的转变支持了集会。其中包括机构参与交换贸易资金（ETF）和宏观经济景观的重新校准。

The rally’s foundation in spot demand—as opposed to leveraged speculation—suggests enduring confidence, even though vulnerabilities remain. As global liquidity conditions evolve, bitcoin’s dual identity as a risk asset and inflation hedge will be tested, balancing speculative fervor with its nascent role in diversified portfolios.

与杠杆猜测相反，集会的基础在现货需求中，即使仍然存在脆弱性，也能忍受信心。随着全球流动性状况的发展，将测试比特币作为风险资产和通货膨胀对冲的双重身份，从而平衡投机性的热情与其在多元化投资组合中的敏锐作用。

“From here, the next zones to watch are $114K–$118K (minor liquidity walls) and then $123K–$125K, where large options open interest is building,” the Bitfinex analysts stated in their note on Wednesday.

Bitfinex分析师在周三的报道中说：“从这里开始，观看的下一个区域为$ 114K- $ 118K（次要流动性墙），然后是123k $ 125k，在这里建立了很大的选择。”

“As long as ETF flows hold and macro doesn’t deliver a shock, this rally has room to extend. Pullbacks should be seen as entry opportunities—not signs of reversal.”

“只要ETF流量保持和宏没有震惊，这次集会就可以扩展空间。回落应被视为入境机会，而不是逆转的迹象。”