在飙升了107,000美元，达到了四个月的高点，并消耗了超过6亿美元的加密衍生品职位

在飙升至107,000美元到四个月的高点并消耗了超过6亿美元的加密衍生品职位之后，比特币迅速下降到约103,000美元。

Bitcoin quickly dropped to about $103,000 on Monday after surging past $107,000 to a four-month high and wiping out more than $600 million in crypto derivatives positions.

比特币在周一飙升了107,000美元，至4个月的高点，并消耗了超过6亿美元的加密衍生品职位后，比特币迅速降至约103,000美元。

The token hit its highest level since late January early on Monday, just short of breaking its all-time high of $109,228. Despite gyrating wildly on Monday, Bitcoin has now stabilized at around $105,000.

该令牌达到了自1月初以来的最高水平，仅仅打破了其历史最高点109,228美元。尽管周一狂奔，但比特币现在稳定在105,000美元左右。

Bitcoin's price surged over $2,500 in less than an hour during late Sunday trading, driven by algorithmic buying at critical technical levels and very low weekend liquidity. It looks like the surge set off the traditional short squeeze, which is when sellers quickly book profits or try to avoid losses.

比特币的价格在周日晚些时候的交易中不到一个小时的时间内飙升了2500美元，这是由于算法以关键的技术水平和非常低的周末流动性而驱动的。似乎激增引起了传统的短挤压，这是卖方快速预订利润或试图避免损失的时候。

Macro Shifts & Wider Adoption Into Mainstream Boost Bitcoin

宏观变化并更广泛地采用到主流的提升比特币

Thanks to rising hopes that the world's two biggest economies will be able to resolve their trade spat, Bitcoin's value has increased by nearly 11% so far this month. Several other drivers also contributed to this increase.

由于人们希望世界上两个最大的经济体能够解决其贸易争吵，因此本月到目前为止，比特币的价值增长了近11％。其他几个驾驶员也为这一增加做出了贡献。

Investors remained wary of a tariff-induced acceleration in inflation, even if last week's muted US inflation prints strengthened prospects of a Federal Reserve rate cut this year. Bitcoin and other alternative assets become more appealing when the US currency weakens due to lower inflation and the possibility of lowered interest rates.

即使上周的通货膨胀印刷加强了今年的美联储降低的前景，投资者仍然对关税引起的通货膨胀加速的加速保持警惕。当由于通货膨胀率降低以及利率降低的可能性削弱时，比特币和其他替代资产变得更具吸引力。

Investments by large institutions have also been crucial; for example, Strategy bought 13,390 BTC for $1.34 billion, demonstrating the increasing interest of corporations in Bitcoin as a serious strategic asset.

大型机构的投资也至关重要。例如，战略以13.4亿美元的价格购买了13,390 BTC，这表明公司对比特币的兴趣不断增加，这是一项严肃的战略资产。

Investors are looking for new ways to store their wealth due to macroeconomic risks, such as Moody's decision to reduce the US national credit rating.

由于宏观经济风险，投资者正在寻找存储财富的新方法，例如穆迪决定降低美国国家信用评级。

“A head-scratching metric has dominated crypto discussions this week: retail investors are net sellers of BTC in 2025, while institutions are scooping it up,” said Ira Auerbach, head of Tandem at Offchain Labs, the team behind Arbitrum.

“本周的一个抓斗指标主导了加密货币讨论：散户投资者是2025年的BTC的净卖方，而机构正在将其sc起，” OffChain Labs的Tandem负责人Ira Auerbach说，The Notum背后的团队。

“For veterans of this space, this reversal is truly odd and potentially lays the groundwork for a new era of bullish Bitcoin price action,” Auerbach added.

奥尔巴赫补充说：“对于这个空间的退伍军人来说，这种逆转确实是奇怪的，并且有可能为看涨比特币价格行动的新时代奠定了基础。”

Recent advances in Bitcoin's value have been fueled by a confluence of factors, including geopolitical changes, institutional acceptance, and the belief that it can protect against economic volatility.

比特币价值的最新进展是由多种因素汇合而推动的，包括地缘政治变化，机构接受以及它可以防止经济波动的信念。

The cryptocurrency offerings of major exchanges were also growing. Coinbase Global was the first company involved with digital assets to be included in the S&P 500 index.

主要交易所的加密货币产品也在增长。 Coinbase Global是第一家与数字资产有关的公司，该公司已包含在标准普尔500指数中。

On Friday, the Nasdaq saw the debut of Mike Novogratz's Galaxy Digital, concluding a significant week for the public markets in the cryptocurrency sector. Retail brokerage eToro has also made its public debut.

周五，纳斯达克（Nasdaq）在迈克·诺沃格茨（Mike Novogratz）的Galaxy Digital首次亮相，为加密货币领域的公共市场结束了一个重要的一周。零售经纪人Etoro也在公开亮相。

On Monday, Bitcoin ETFs experienced a surge in activity, absorbing $667 million in inflows, marking its largest daily inflow figure in weeks. Ethereum ETFs also saw positive movement, with $14 million in inflows.

周一，比特币ETF经历了活动的激增，吸收了6.67亿美元的流入，标志着其数周内最大的每日流入数字。以太坊ETF也看到了积极的运动，流入了1400万美元。

“We view the recent strength in the price of ether as being driven more by organic demand than institutional flows—a potential sign of rising retail activity and decoupling performance between bitcoin and altcoins,” BRN analyst Valentin Fournier stated in a note.

BRN分析师Valentin Fournier在一份注释中说：“我们认为，最近的Ether价格的优势比机构流动更多地是由有机需求驱动的，这是零售活动不断上涨和比特币与替代币之间的潜在迹象。”

Elsewhere

别处

Singapore's Bitcoin Candidate Jeremy Tan on Disrupting Politics & Finance

新加坡的比特币候选人杰里米·谭（Jeremy Tan）破坏政治与金融

This week we have a special guest, Jeremy Tan, the independent candidate for Mountbatten SMC who garnered a surprising 36% of the vote in Singapore's general election by centering his campaign on, among other things, Bitcoin adoption. Jeremy discusses his motivations for bringing Bitcoin into the political arena, highlighting the need for Singapore to consider it as a hedge against US dollar instability, and addresses the Monetary Authority of Singapore's (MAS) cautious stance on crypto, suggesting a disconnect between the official narrative and behind-the-scenes activity.

本周，我们有一个特别的嘉宾杰里米·谭（Jeremy Tan），他是蒙巴顿SMC的独立候选人，他在新加坡的大选中获得了惊人的36％的选票，将其竞选活动以比特币的采用为中心。杰里米（Jeremy）讨论了他将比特币带入政治舞台的动机，强调了新加坡需要将其视为对美元不稳定的树篱，并解决了新加坡（MAS）对加密货币的谨慎立场，暗示了官方叙述和背后的活动之间的脱节。

Blockcast is hosted by Head of APAC at Ledger, Takatoshi Shibayama. Previous episodes of Blockcast can be found here, with guests like Alex Ryvkin (Rho), Hassan Ahmed (Coinbase), Sota Watanabe (Startale), Nic Young (Oh), Jacob Phillips (Lombard), Chris Yu (SignalPlus), Kathy Zhu (Mezo), Jess Zeng (Mantle), Samar Sen (Talos), Jason Choi (Tangent), Lasanka Perera (Independent Reserve), Mark Rydon (Aethir), Luca Prosperi (M^0), Charles Hoskinson (Cardano), and Yat Siu (Animoca Brands) on recent shows.

Blockcast由Apac的主管在高田shibayama的Ledger主持。以前的封播集可以在此处找到，例如Alex Ryvkin（Rho），Hassan Ahmed（Coinbase），Sota Watanabe（Startale）（Startale），Nic Young（OH），Jacob Phillips（Lombard）（Lombard），Chris Yu（Chris Yu（signalPlus），Kathy Zhu（Mezo），Jesh Zeng（Mezo），Jase Zeng（Mezo）（Meze），Jase Zenle（Merjes），Samar，Samar，Samar，Samar，Samar） （切线），拉桑卡·佩雷拉（Lasanka Perera）（独立储备），马克·瑞登（Mark Rydon），卢卡·普罗斯普（Luca Prosperi）（M^0），查尔斯·霍斯金森（Charles Hoskinson（Cardano）和Yat Siu（Animoca Brands）在最近的节目中。