宏观张力和机构支持燃料比特币的反弹

比特币的复兴高于$ 95K，在全球不确定的宏观经济环境中。关税战争，地缘政治紧张局势的上升以及通货膨胀的忧虑使人们对老式金融市场产生了恐惧和不稳定的影响。

Since Donald Trump became president, Bitcoin (BTC) has had a series of ups and downs, with the price falling more than 28% from the all-time high of $106K to around $75K.

自唐纳德·特朗普（Donald Trump）成为总统以来，比特币（BTC）的起伏不已，价格从历史最高售价106,000美元到7.5万美元左右下降了28％以上。

However, it has now rebounded quite remarkably, and some folks (like this author) who are Bitcoin bulls and believe in the digital asset’s potential are hopeful and even somewhat confident about the big breakout to $94K and beyond. This was an unexpected breakout event for the digital asset, and it’s happening at a time when the world is more divided and in synergy than ever.

但是，现在它已经反弹了，有些人（如作者）是比特币公牛，并且相信数字资产的潜力充满希望，甚至对大型突破到9.4K及以后的大爆发充满信心。对于数字资产来说，这是一个意想不到的突破事件，并且在世界比以往任何时候都更加分裂和协同作用的时候发生。

As for the level of greed being measured across social media, this is the highest spike yet, and it’s largely driven by retail traders’ optimism. The last time we saw greed reach this level of intensity was back in December 2024, when Bitcoin’s price dropped from the highs.

至于在社交媒体之间衡量的贪婪水平，这是迄今为止最高的尖峰，并且在很大程度上是由零售商人乐观的驱动。我们上次看到贪婪达到了这种强度水平，回到了2024年12月，当时比特币的价格从高点下降。

Rising Macro Tensions and Institutional Support Fuel Bitcoin’s Rebound

宏观张力和机构支持燃料比特币的反弹

Bitcoin’s resurgence above $95K comes amid a globally uncertain macroeconomic environment. Tariffs, geopolitical tensions, and inflation worries have induced fear and instability in old-school financial markets. This atmosphere has often been very good for Bitcoin, presumed by many to be a “safe-haven” asset during times of unease. Gold has long held that same mantle, but Bitcoin is now clearly in the conversation. And if things keep going the way they have been, the conversation might get a lot louder.

在全球不确定的宏观经济环境中，比特币的复兴超过$ 95K。关税，地缘政治紧张局势和通货膨胀的忧虑引起了老式金融市场的恐惧和不稳定。这种气氛通常对比特币非常有利，在不安时，许多人推测许多人是“避风港”的资产。黄金长期以来一直保持着同样的地幔，但比特币现在显然在谈话中。而且，如果事情一直以来，对话可能会越来越大。

It is not only the state of the macroeconomy that has brought Bitcoin back. The recovery has, in large part, been driven by a huge uptick in institutional interest in the cryptocurrency. Heavyweights such as BlackRock have continued to shove force into Bitcoin and the crypto space writ large. Their recent participation in the recovery, along with the much-wanted movement toward institutional adoption of Bitcoin ETFs, has added a level of street cred and stability to the market that had been largely absent.

宏观经济的状态不仅使比特币恢复了。在很大程度上，复苏是由于加密货币的机构利益的巨大提升所驱动的。诸如贝莱德（Blackrock）之类的重量级人物继续将力推入比特币，而加密货币空间则大。他们最近参与了恢复，以及对比特币ETF机构采用的备受瞩目的运动，为市场上增加了一定程度的街头信誉和稳定性，这在很大程度上没有。

U.S. spot Bitcoin ETFs attracted an enormous $380 million in net inflows for the week ending April 25, 2025, marking the highest weekly net inflows since the week before Trump’s inauguration in mid-January. This trend is signaling something very positive for Bitcoin. It suggests that the interest in Bitcoin as a legitimate financial asset is going mainstream, especially among the kinds of large institutional players who presumably also have a lot of influence over retail investor sentiment.

美国现货比特币ETF吸引了截至2025年4月25日的一周的近3.8亿美元净流入，这是自特朗普在1月中旬就职典礼前一周以来每周最高的净流入。这种趋势是表明比特币非常积极的东西。它表明，对比特币作为合法金融资产的兴趣正在成为主流，尤其是在大概对零售投资者情绪也很大影响的大型机构参与者中。

By the end of April 25, U.S. spot Bitcoin ETFs had seen six days of net inflows, while spot Ethereum ETFs saw a total net inflow of $104 million, and there were no net outflows across all nine ETFs.

到4月25日底，美国现货比特币ETF已经看到了六天的净流入，而现货以太坊ETF的总净流入量为1.04亿美元，并且所有9个ETF的净流出都没有。

The Crowd’s Growing Optimism and Rising Greed

人群的乐观和贪婪日益增加

When Bitcoin soared over the $95,000 mark, there was a marked increase in the overall optimism of the crypto community. While the price of Bitcoin never dipped below $88,000 from November 20 to December 31, 2024, the sentiment surrounding crypto in general had many people thinking that any chance of a near-term price recovery was DOA (dead on arrival). On Christmas Day, Bitcoin’s price was at $91,550. Then it climbed to $95,000 on April 24.

当比特币飙升超过95,000美元时，加密社区的整体乐观态度显着增加。从11月20日至2024年12月31日，比特币的价格从未降到88,000美元以下，但围绕加密货币的情绪总体上有很多人认为任何接近价格恢复的机会都是DOA（抵达时死亡）。在圣诞节那天，比特币的价格为91,550美元。然后在4月24日攀升至95,000美元。

Despite the growing optimism about the market, some analysts have raised concerns that this could simply be a sign of an incipient top, with excessive greed and hubris fueling the latest rally. For the Bitcoin price to keep going up, we need to see a sufficient base of retail investors buying into the leading cryptocurrency.

尽管对市场的乐观越来越乐观，但一些分析师引起了人们的担忧，即这可能只是初期顶级的迹象，过度贪婪和傲慢助长了最新的集会。为了使比特币的价格不断上涨，我们需要看到足够的散户投资者购买的基础。

If too many traders try to take profits, it creates an opportunity for the institutional investors and whales who have been buying up the lower dips in Bitcoin to push the price up even further.

如果太多的交易者试图获利，它将为已经购买比特币较低倾销的机构投资者和鲸鱼创造机会，以进一步提高价格。

The crowd’s sentiment is crucial in deciding whether Bitcoin can carry on with its present momentum or must soon retrace its steps. If the market gets too greedy and retail traders rush to take profits, we may see a temporary pullback in Bitcoin’s price. On the other hand, if the market remains patient and controlled greed is the order of the day, we could see Bitcoin push further into the uncharted territory of prices it has not seen before. In either case, sentiment is of the utmost importance.

人群的情绪对于决定比特币是否可以以目前的势头继续或必须很快追溯其步骤至关重要。如果市场变得太贪婪，零售商人急于获利，我们可能会看到比特币价格的暂时回调。另一方面，如果市场保持耐心并且受控的贪婪是一天的顺序，我们可以看到比特币进一步推向了以前从未见过的价格的未知领域。无论哪种情况，情感都是最重要的。

Bitcoin’s Future Outlook: Will $100K Be Within Reach?

比特币的未来前景：$ 100K可以触及吗？

With Bitcoin approaching $95K, the question on many investors’ minds is whether the cryptocurrency can keep up its current trajectory and finally break through the $100K barrier. The road to $100K may not be without its bumps, but the combination of strong institutional support, an increasingly worrisome macroeconomic picture, and a steadily rising tide of retail and institutional investors gives Bitcoin a solid foundation to continue its upward

随着比特币接近95,000美元，许多投资者的想法是加密货币是否可以保持其当前的轨迹并最终突破10万美元的障碍。达到10万美元的道路可能不会没有颠簸，但是强大的机构支持，越来越令人担忧的宏观经济形象以及零售和机构投资者稳步上升的潮流的结合，为比特币提供了坚实的基础，以继续其上升