BTC的平静在混乱中没有氟

尽管宏观经济的波纹在全球市场中回荡，但长期债券的收益率一直在稳步上升，这引起了投资者的进一步焦虑。

Macroeconomic ripples continue to reverberate through global markets, and as investors grow increasingly anxious, Long-dated bond yields have been steadily climbing.

宏观经济的波纹继续在全球市场中回荡，随着投资者的越来越焦虑，长期债券的收益率一直在稳步攀升。

However, as U.S. Treasuries fall out of favor amid ballooning yields and mounting debt obligations, bitcoin’s (BTC) impartial nature and fluid convertibility are positioning it as a compelling counterweight. At least, that’s the view shared by Tracy Jin, COO of the crypto exchange MEXC.

但是，随着美国国库在激烈的收益率和债务债务债务的延长义务中失利，比特币（BTC）的公正性质和流体可转换性将其定位为引人注目的配重。至少，这就是加密交易所MEXC的首席运营官Tracy Jin的观点。

As the price of bitcoin hovers within a narrow band and trades sideways, it follows a rebound from the weekend’s low, which saw the cryptocurrency slip below the crucial $106,000 support level.

随着比特币的价格徘徊在狭窄的乐队中，侧面交易，随着周末低点的反弹，加密货币滑移至关重要的106,000美元支持水平。

Over the past four hours, BTC has encountered resistance at the upper band of its immediate trading range, currently set at $109,160, and has encountered support at the lower band, which is trading at $110,461.

在过去的四个小时中，BTC在其即时交易范围的上部带有阻力，目前定为109,160美元，并在下部乐队遇到了支持，该乐队的交易价格为110,461美元。

BTC Price Chart 4 Hour (Bitstamp)

BTC价格图4小时（BITSTAMP）

Bitcoin’s price is predicted to potentially increase, however, it could also face downward pressure depending on macroeconomic factors. If corporate finance and institutional momentum persist, bitcoin is expected to break the $109,500 and $111,000-$112,000 resistance range in the coming weeks and head towards the $140,000 range towards the end of summer.

预计比特币的价格可能会上涨，但是，根据宏观经济因素，它也可能面对向下压力。如果公司融资和机构势头持续存在，则预计比特币将在未来几周内打破109,500美元和111,000美元至112,000美元的阻力范围，并在夏季结束时达到140,000美元的范围。

Conversely, if the macroeconomic situation affects corporate demand, BTC might retest the support around $106,000-$107,000, and a breakdown will send BTC toward the major support zone at $100,000 and potentially further down toward $94,000. Bitcoin is yet to show any sign of overheating, and the bullish structure remains intact until a break below $94,000.

相反，如果宏观经济状况会影响企业需求，BTC可能会重新测试$ 106,000- $ 107,000的支持，而细分将使BTC以100,000美元的价格将BTC送往主要支持区，并可能进一步下降到94,000美元。比特币尚未显示出任何过热的迹象，而看涨的结构保持完整，直到休息至94,000美元以下。

BTC Price Chart 1 Week (Bitstamp)

BTC价格图1周（BITSTAMP）

“The sharp pivot by many corporations integrating BTC into their long-term investment strategies is fundamentally reshaping bitcoin’s market dynamics. What was once a retail-driven market and highly cyclical asset has become a cornerstone in institutional finance. This investor behaviour dynamics highlights that most institutions are less focused on short-term market volatility and have eyes on bitcoin’s potential asymmetric upside and long-term value proposition.”

“许多公司将BTC整合到他们的长期投资策略中的尖锐枢纽从根本上重塑了比特币的市场动态。曾经是零售驱动的市场和高度周期性的资产已成为机构融资的基石。这一投资者行为的动态强调了大多数机构在短期市场上的质量越来越多，而不是长期的比特库恩，而不是比特库恩的范围。

The current momentum is driven by structured capital inflow and corporate positioning, with institutions building strategies around bitcoin.

当前的势头是由结构化资本流入和公司定位驱动的，机构围绕比特币制定了策略。

At the same time, traditional finance (TradFi) finds itself engulfed in a haze of uncertainty. Equities have been sliding, while yields on U.S. Treasuries-and bonds across global markets-have been climbing at a brisk clip.

同时，传统金融（Tradfi）发现自己陷入了不确定性的阴霾中。股票一直在滑行，而全球市场的美国国库和债券的收益率很高，这是一个轻快的剪辑。

“Importantly, this is not a flight from risk — it’s a flight from the old model of risk. Bond yields in the U.S. and Japan are surging, sovereign debt burdens are flashing red, and even the last remaining AAA credit badge is gone. For decades, Treasurys were the safe haven during turbulent times. Today, capital is running from them. Japanese institutions are rethinking their exposure to U.S. bonds, while American investors are watching political tensions creep into Fed policy decisions.”

“重要的是，这不是从风险中飞行的飞行，而是从旧的风险模式中飞行。债券收益率正在飙升，主权债务负担在红色闪烁，甚至最后剩下的AAA信用徽章也消失了。几十年来，美国财政部在动荡的时期一直是避风港。美联储政策决定。”

In contrast, crypto — and particularly bitcoin — remains neutral, transparent, and increasingly liquid. That neutrality is fast becoming its most valuable asset.

相反，加密货币，尤其是比特币 - 保持中性，透明且越来越流动。这种中立正在迅速成为其最有价值的资产。