川普獲勝後，比特幣（BTC）繼續創造歷史並突破ATH

比特幣（BTC）繼續創造歷史。業界最重要的加密貨幣再次突破所有限制，達到新的 ATH 75,358 美元

Bitcoin (BTC) has reached a new all-time high (ATH) of $75,358, as confirmed by CoinGeko data, following the confirmation of Trum’s victory in the U.S. presidential election.

CoinGeko 數據證實，在特魯姆在美國總統大選中獲勝後，比特幣 (BTC) 已達到 75,358 美元的歷史新高 (ATH)。

The previous ATH was recorded on March 14, 2024, when Bitcoin reached $73,737.94. At the time, a little over two months had passed since the launch of Bitcoin ETFs in the United States. These financial products were highly anticipated by institutional investors, and their arrival brought a massive capital inflow into BTC and the crypto market.

上一次 ATH 記錄於 2024 年 3 月 14 日，當時比特幣達到 73,737.94 美元。當時，距離比特幣 ETF 在美國推出已經兩個多月了。這些金融產品受到了機構投資者的高度期待，它們的到來為比特幣和加密貨幣市場帶來了大量資金流入。

Another key factor in understanding the bull run was the halving, a phenomenon that occurs roughly every four years. In each halving, the reward received by BTC miners is cut in half. This leads to a decrease in the available BTC supply, and with demand skyrocketing, the conditions are set for sharp price increases.

要理解多頭市場的另一個關鍵因素是減半，這種現像大約每四年發生一次。每次減半，BTC礦工獲得的獎勵都會減少一半。這導致可用的比特幣供應量減少，而隨著需求的飆升，為價格大幅上漲創造了條件。

Although BTC ETFs began trading on January 11 of that year, Bitcoin initially experienced a steep drop, falling from around $47,000 to below $40,000. However, in early February, BTC began to rise rapidly. By February 4, its price was around $42,500. By March 4, it had reached $68,000, and after a brief and slight correction, it reached its all-time high.

儘管BTC ETF於當年1月11日開始交易，但比特幣最初經歷了大幅下跌，從47,000美元左右跌至40,000美元以下。然而，2月初，BTC開始快速上漲。截至 2 月 4 日，其價格約為 42,500 美元。到了3月4日，它已經達到68,000美元，經過短暫的小幅調整後，達到了歷史新高。

Decisive Factors

決定性因素

The new ATH is attributed to a combination of geopolitical, economic, and financial factors. Firstly, Donald Trump’s victory in the U.S. presidential election has increased the demand for Bitcoin as a safe haven asset, as the new president has shown recent support for Bitcoin and the crypto market in general.

新的ATH是地緣政治、經濟和金融因素綜合作用的結果。首先，唐納德·川普在美國總統大選中的勝利增加了對比特幣作為避險資產的需求，因為新總統最近表現出了對比特幣和整個加密貨幣市場的支持。

Moreover, open interest in Bitcoin futures and options reached record levels, surpassing $41.7 billion. There was a significant buildup in leveraged exposure from investors expecting an additional rally in BTC’s price. The accumulation of BTC call options, expiring in late December and striking at $80,000, shows a clear positioning, anticipating not only Bitcoin’s price surpassing its ATH but continuing to rise in the medium term.

此外，比特幣期貨和選擇權的未平倉合約達到創紀錄水平，超過 417 億美元。投資者預期比特幣價格將進一步上漲，槓桿曝險大幅增加。 BTC 看漲期權的累積於 12 月底到期，價格達到 80,000 美元，顯示出明確的定位，預計比特幣的價格不僅會超過其 ATH，而且會在中期繼續上漲。

How High Can Bitcoin Go?

比特幣能漲多高？

Analysts project that, following this new ATH, Bitcoin could continue its ascent, driven by institutional interest and speculation around U.S. politics. The increasing demand for options with strike prices at $80,000 strongly suggests that the market anticipates a potential rise to that level by year-end.

分析師預測，在出現新的 ATH 之後，在機構利益和圍繞美國政治的投機活動的推動下，比特幣可能會繼續上漲。對執行價格為 80,000 美元的選擇權的需求不斷增加，強烈表明市場預計到年底可能會升至該水平。

This projection is supported not only by speculative interest but also by the typical bullish seasonality of Q4 in halving years, which has historically shown positive returns with a median of 31.34%. However, the price trend will be heavily influenced by geopolitical and economic stability, factors that could introduce short-term volatility but that ultimately consolidate a positive scenario for Bitcoin in the long term.

這項預測不僅受到投機興趣的支持，還受到減半年第四季典型的看漲季節性的支持，歷史上顯示出正回報，中位數為 31.34%。然而，價格趨勢將受到地緣政治和經濟穩定性的嚴重影響，這些因素可能會帶來短期波動，但最終將鞏固比特幣的長期積極前景。