比特幣的上升收集了新的動力

比特幣的上昇在星期二聚集了新的勢頭，收取了94,000美元的收入，並將收益延長至26％

Bitcoin’s price rose sharply on Tuesday, breaking above the $94,000 mark and extending the gains since April 9 to 26%. The rally was sparked by three interlocking forces: geopolitics, strategic balance-sheet demand, and resurgent exchange-traded-fund flows.

比特幣的價格在星期二急劇上漲，從4月9日以來的收益超過了94,000美元，並延長了收益。這次集會是由三個互鎖力量激發的：地緣政治，戰略平衡表需求和復興的交易所交易基金流量。

Why Is Bitcoin Up Today?

為什麼比特幣今天起床？

The first spark came from Washington, where US President Donald Trump signaled a partial détente in his long-running tariff dispute with Beijing. Speaking at the White House, Trump declared that duties on Chinese imports “will come down substantially, but it won’t be zero,” and insisted he would “be very nice to China” so long as both sides reach a deal.

第一個火花來自華盛頓，美國總統唐納德·特朗普（Donald Trump）在他與北京的長期關稅糾紛中表示了部分détente。特朗普在白宮發表講話時宣布，中國進口的職責“將大大降低，但不會為零”，並堅持認為，只要雙方達成協議，他就會“對中國非常好”。

Macro economist Alex Krüger distilled the president’s remarks in a widely circulated X post, noting that Trump had “just ticked most de-escalation / bullish boxes.” Among the verbatim phrases Krüger highlighted were: “Tariff on China will not be as high as 145%,” “It’ll come down substantially,” and, when asked whether he would “play hardball,” the president’s succinct “No.”

宏觀經濟學家亞歷山大·克魯格（Alexkrüger）在廣泛流傳的X帖子中提煉了總統的言論，並指出特朗普“只是勾勒出大多數降級 /看漲盒子”。克魯格（Krüger）強調的逐字短語中有：“中國的關稅不會高達145％，”“它將大幅下降”，當被問及他是否會“打硬球”時，總統的簡潔“否。”

Equity indices responded immediately, but Bitcoin’s move was more dramatic, underscoring the market’s sensitivity to macro uncertainty—and to any sign that the Federal Reserve’s path could tilt more dovish should trade frictions ebb.

股權指數立即做出了反應，但比特幣的舉動更加戲劇化，強調了市場對宏觀不確定性的敏感性，並且對於美聯儲的道路可能會傾向於貿易摩擦的任何跡象表明，任何跡象表明。

While geopolitics set the tone, a second catalyst arrived from Wall Street: the prospect of a multibillion-dollar balance-sheet bid for Bitcoin spearheaded by the next generation of the Lutnick family. According to the Financial Times, Brandon Lutnick—the newly installed chair of Cantor Fitzgerald and son of Commerce Secretary Howard Lutnick—is forming “Cantor Equity Partners” in concert with SoftBank, Tether, and Bitfinex.

儘管地緣政治定為基調，但第二次催化劑從華爾街到達：盧特尼克一家人率領比特幣的數十億美元的平衡表競標的前景。根據《金融時報》的報導，布蘭登·盧特尼克（Brandon Lutnick）是康托爾·菲茨杰拉德（Cantor Fitzgerald）的新任主席，也是商務秘書霍華德·盧特尼克（Howard Lutnick）的兒子，正在與軟銀，繩索和比特·菲恩（Bitfinex）共同組成“ Cantor Equity Partners”。

The consortium plans to seed a new entity, 21 Capital, with approximately $3 billion in Bitcoin. Tether intends to contribute $1.5 billion worth of the asset, SoftBank about $900 million, and Bitfinex roughly $600 million, the report said, adding that the numbers could still change before a formal announcement expected in the coming weeks.

該財團計劃播種一個新實體21資本，比特幣約30億美元。該報告稱，Tether打算捐款15億美元的資產，軟銀約9億美元，而Bitfinex約6億美元，並補充說，在未來幾週預計的正式公告之前，這些數字仍可能發生變化。

On X, Texas Bitcoin Foundation board member Tuur Demeester summarized the implications.

在X上，德克薩斯州比特幣基金會董事會成員圖爾·德米斯特（Tuur Demeester）總結了這些含義。

This announcement could explain why bitcoin is up 12% in the past week.

該公告可以解釋為什麼比特幣在過去一周中增長12％。

The third leg of support arrived from the US spot Bitcoin ETF market, where inflows swung decisively back into positive territory. Data compiled across issuers shows aggregate net inflows of $911.2 million on Tuesday—the most forceful daily total since January 17, when pre-inauguration optimism around Trump’s “crypto president” rhetoric produced $975.6 million.

第三階段的支持來自美國現貨比特幣ETF市場，那裡的流入果斷地回到了積極的領域。整個發行人彙編的數據顯示，週二的總淨流入量為9.112億美元，這是自1月17日以來最有力的每日總數，當時就會上市前對特朗普的“加密貨幣總統”言論的樂觀態度產生了9.756億美元。

Fidelity’s FBTC absorbed $253.8 million, Ark Invest’s ARKB attracted $267.1 million, and BlackRock’s market-leading IBIT added $192.1 million, while the smaller Grayscale Bitcoin Trust (GBTC) reversed weeks of redemptions with a $65.1 million intake.

Fidelity的FBTC吸收了2.538億美元，ARK Invest的ARKB吸引了2.671億美元，而BlackRock的市場領先的IBIT則增加了1.921億美元，而較小的灰度比特幣信託（GBTC）則以6510萬美元的招生逆轉了幾週的危險。

The turnaround began Monday, when the cohort drew $381 million—ending a multi-week stretch dominated by outflows—and gathered pace as Bitcoin cleared the $90,000 threshold. The two-day, $1.29 billion surge signals a material revival of institutional appetite.

轉機開始於週一，當時該隊列的3.81億美元（以流出為主導的多周延伸），隨著比特幣清除了90,000美元的門檻。為期兩天的，12.9億美元的湧現，標誌著機構食慾的重大復興。

At press time, BTC traded at $94,212.

發稿時，BTC的交易價格為94,212美元。