一月结束的比特币价格在102,400美元以上的收盘价较高，这将是有史以来最高的每月关闭，这证明牛市的速度持续了很快。

超过30亿美元的比特币短期职位易受损害，超过$ 107,000，创造了一种“清算磁铁”，可以将BTC价格发送到新的高点。

An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, and also saw the highest weekly close since 2017.

超过102,400美元以上的月末比特币价格将确定有史以来最高的收盘价，并且每周都在2017年以来最高的收盘价。

If the cryptocurrency manages to rally further to $107,000 then it would liquidate over $3 billion in short positions, which could act as a “liquidation magnet” to send BTC price to new highs.

如果加密货币设法进一步涨至107,000美元，那么它将清算超过30亿美元的短职位，这可以用作“清算磁铁”，以将BTC价格发送到新高点。

Bitcoin (BTC) is 11 days out from potentially setting its highest monthly candle close in history.

比特币（BTC）距离潜在地设置其历史上最高的每月蜡烛距离为11天。

After notching up a record weekly close of $106,407 on May 18, BTC could yet secure a new monthly high by closing above $102,400 this month.

5月18日，在每周收盘价为106,407美元之后，BTC可以通过本月收盘超过102,400美元来确保新的每月高点。

This would be the highest monthly close since December 2017, when Bitcoin last traded above $91,000, highlighting the rapid pace of the bull market.

这将是自2017年12月以来的每月最高收盘时，当时比特币上次交易超过91,000美元，突出了牛市的快速速度。

Bitcoin is also approaching price discovery

比特币也正在接近价格发现

With respect to its current market trend, Bitcoin is inches away from a ‘price discovery’ period, as noted by crypto trader Jelle.

就其当前市场趋势而言，比特币距离“价格发现”时期只有几英寸的距离，正如加密货币交易员杰尔（Jelle）所指出的那样。

Price discovery in this context refers to the process where buyers and sellers interact at an undefined or non-traded range to determine the market price of an

在这种情况下，价格发现是指买卖双方在未定义或非交易范围内进行交互的过程，以确定

A break above Bitcoin's all-time high of $110,000 would initiate a price discovery phase, driving BTC into an uncharted trading range with successive higher highs until market participants establish a new equilibrium between supply and demand.

超过比特币的历史最高高价110,000美元的突破将启动价格发现阶段，将BTC带入未知的交易范围，连续更高的高点，直到市场参与者在供应和需求之间建立了新的平衡。

Cointelegraph reported that Bitcoin is close to confirming a “golden cross” on its daily chart, which has historically preceded 45% to 60% price rallies. Such a move coincides with the probability of BTC hitting new highs this month.

Cointelegraph报道说，比特币接近确认其每日图表上的“金十字”，历史上一直在45％至60％的价格集会之前。这样的举动恰逢本月BTC击中新高点的可能性。

A monthly close near $110,000 would mark a 15% to 17% gain for Bitcoin in May, its strongest May performance since 2019. This would significantly surpass the historical average monthly return of 8% for the month.

每月收盘价接近110,000美元将标志着5月的比特币获得15％至17％的收益，这是自2019年以来的5月表现。这将大大超过本月的历史平均每月8％。

Bitcoin would vaporize ‘shorts’ above $107,000

比特币会使$ 107,000的“短裤”蒸发

Bitcoin researcher Axel Adler Jr. has noted a key technical pattern in Bitcoin's current bull cycle, presenting three recent instances of “compression”—a period of tightening price ranges—measured by rolling maximum/minimum over 180 days.

比特币研究人员Axel Adler Jr.注意到比特币当前的牛周期中的关键技术模式，其中三个最近的“压缩”实例（价格较高的价格范围范围）在180天内滚动最大/最小值。

The chart indicates that this compression often signals an impending breakout, with historical precedent set by the 2017 rally when Bitcoin surged to $20,000 from $1,000.

该图表表明，这种压缩通常标志着即将发生的突破，并在2017年拉力赛设定的历史先例中，比特币从1,000美元的价格飙升至20,000美元。

Using Bollinger Bands alongside the price range suggests that volatility is building within the current cycle. The third compression phase in 2025 mirrors the 2017 cycle, where the Bitcoin halving events and supply shocks fueled retail FOMO, driving major price rallies.

在价格范围内，使用布林乐队表明，​​波动率正在当前周期内建立。 2025年的第三个压缩阶段反映了2017年周期，在该周期中，比特币减半的事件和供应冲击激发了零售FOMO，推动了主要价格集会。

From the vantage point of Bitcoin liquidation, over $3 billion in short leveraged positions are at risk of being liquidated if BTC price moves to $110,000 from $105,000. In contrast, it would take a drop to $94,612 to trigger a similar amount in long liquidations. This skew suggests a higher probability of the price pushing upward to chase liquidity on the sell-side rather than dropping lower.

从比特币清算的有利位置，如果BTC价格从105,000美元起，则有超过30亿美元的短杠杆头寸有被清算的风险。相比之下，在长期清算中触发类似数量将需要降至94,612美元。这偏斜表明，价格上涨以追求卖方的流动性的可能性更高，而不是下降。

Technical analyst Gert van Lagen noted a similar outlook, stating,

技术分析师Gert Van Lagen指出了类似的前景，指出，

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投资建议或建议。每个投资和交易举动都涉及风险，读者在做出决定时应进行自己的研究。