比特币再次超过了100,000美元的大关

比特币再次超过了100,000美元的大关，引发了投资者和分析师的乐观情绪，他们现在预见到加密货币

Bitcoin (BTC) price surged past the $100,000 mark once again, sparking optimism among investors and analysts who now foresee the cryptocurrency reaching new all-time highs above $110,000 in May 2025.

比特币（BTC）的价格再次超过了100,000美元的成绩，这引发了投资者和分析师的乐观情绪，他们现在预计加密货币在2025年5月的新历史高处超过110,000美元以上。

This bullish sentiment is fueled by a combination of strong institutional demand, favorable macroeconomic conditions, and Bitcoin’s robust performance across varying market environments.

强劲的机构需求，良好的宏观经济状况以及比特币在不同市场环境中的稳健表现的结合，推动了这种看涨的情绪。

As such, here are some of the key factors that could propel Bitcoin to new highs of over $110,000 in May 2025.

因此，这是2025年5月的一些关键因素，可以将比特币推向新高110,000美元以上。

Bitcoin ETF Inflows and Market Dynamics

比特币ETF流入和市场动态

Institutions have shown an interest in Bitcoin with over $4.5 billion in inflows into spot Bitcoin ETFs since April 1.

自4月1日以来，机构已经对比特币产生了兴趣，其中超过45亿美元的投入到现货比特币ETF中。

This demand is also visible in the 90-day spot taker cumulative volume delta (CVD), which went buyer-dominant for the first time since March 2024. This signals that institutions and retail investors are showing an interest in purchasing Bitcoin.

自2024年3月以来，该需求也可以在90天Taker累积数量达美（CVD）中看到，该量为自2024年3月以来首次以买方为主。

With demand outpacing supply, the stage is set for a potential supply squeeze that could propel Bitcoin’s price to levels exceeding $110,000 in the near term.

随着需求超越供应的供应，该阶段的设定为潜在的供应压缩，在短期内将比特币的价格推向超过110,000美元的水平。

Moreover, a new U.S.-U.K. trade agreement has eased previous economic uncertainties, leading to a broader rally in risk assets, including cryptocurrencies.

此外，一项新的US-UK贸易协定缓解了以前的经济不确定性，导致风险资产（包括加密货币）的更广泛集会。

Bitcoin’s price climbed to $101,329.97 on May 8, marking a 4.7% daily gain and a recovery from its April low of $74,000.

5月8日，比特币的价格上涨至101,329.97美元，标志着4.7％的收益，其4月份低点为74,000美元。

Bitcoin’s Resilience and Risk-Adjusted Returns

比特币的弹性和风险调整后的回报

Bitcoin has shown the ability to perform well in both risk-on and risk-off environments, indicating its maturity as an asset class.

比特币表现出在风险和风险环境中表现出色的能力，表明其成熟为资产类别。

According to Bitcoin Suisse, Bitcoin boasts a Sharpe ratio of 1.72, second only to gold, highlighting its superior risk-adjusted returns. This resilience makes Bitcoin an attractive option for investors seeking both growth and a hedge against macroeconomic uncertainties.

根据瑞士比特币的说法，比特币的夏普比率为1.72，仅次于黄金，强调了其卓越的风险调整后收益。这种弹性使比特币成为寻求增长和对冲宏观经济不确定性的对冲的投资者的吸引力。

“In this environment, Bitcoin has emerged as the Swiss army knife asset,” said Dominic Weibei, head of research at Bitcoin Suisse.

“在这种环境下，比特币已成为瑞士军刀资产，”瑞士比特币研究负责人多米尼克·韦贝（Dominic Weibei）说。

“Whether equities rally or bonds crumble, BTC trades on its supply-demand fundamentals, delivering a win-win profile that traditional assets simply can’t offer.”

“无论股票集会还是债券崩溃，BTC都以其供求基本面进行交易，提供了传统资产无法提供的双赢资料。”

BTC Technical Outlook and Future Projections

BTC技术前景和未来的预测

Technical analysts are keeping an eye on key resistance and support levels. Tyler Richey, co-editor at the Sevens Report, identifies resistance bands at $106,500 and $101,500.

技术分析师正在关注关键阻力和支持水平。 Sevens Report的共同编辑Tyler Richey确定电阻带为106,500美元和101,500美元。

A sustained move above these levels could position Bitcoin to test its all-time high of $109,225. Conversely, a drop below the support level of $93,780 may lead to a pullback toward $80,000.

超过这些水平的持续移动可能会使比特币测试其历史最高售价109,225美元。相反，低于93,780美元的支撑级别的下降可能会导致回调至80,000美元。

Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin is more likely to reach $110,000 before experiencing any significant correction below $76,500.

BITMEX的联合创始人Arthur Hayes预测，比特币更有可能达到110,000美元，然后再进行76,500美元以下的任何重大更正。

He attributes this potential rally to easing monetary policies and increasing global liquidity, which are expected to bolster risk assets like Bitcoin.

他将这种潜力归因于宽松的货币政策和增加全球流动性，这有望加强像比特币这样的风险资产。

As Bitcoin navigates new highs and technical levels, the macroeconomic landscape and institutional demand will continue to shape the cryptocurrency’s trajectory in the coming months.

随着比特币在新的高潮和技术水平上航行时，宏观经济的格局和机构需求将在未来几个月内继续塑造加密货币的轨迹。