比特幣（BTC）價格動作不是完全自然的，可能表示人工抑制：Samson Mow

JAN3首席執行官和著名比特幣開發商Samson Mow在最近在香港共識的小組討論中表達了對比特幣的擔憂

Samson Mow, the CEO of Jan3 and a prominent Bitcoin developer, has expressed concerns over the coin’s current price behavior, suggesting it appears ‘manufactured’ and possibly subject to artificial suppression.

JAN3首席執行官，著名的比特幣開發商Samson Mow對硬幣當前的價格行為表示擔憂，表明它看起來是“製造”的，可能會受到人工抑制。

This outlook comes amidst Bitcoin’s price being held below the $100,000 mark, which has left many crypto investors with waning bullish momentum.

這種前景是在比特幣的價格低於100,000美元的價格中，這使許多加密貨幣投資者保持了看漲的勢頭。

However, institutional interest in Bitcoin has been at an all-time high this cycle, with record-breaking inflows into Spot Bitcoin ETFs and even direct purchases from the El Salvador government. There have also been rumors of plans being put in place to create a Bitcoin reserve in the US, which is normally supposed to keep the BTC price moving upward due to anticipation.

但是，對比特幣的機構興趣一直處於這個週期的歷史上，創紀錄的流入進入了比特幣ETF，甚至直接從薩爾瓦多政府購買。也有謠言有計劃在美國製定比特幣儲備的計劃，通常應該將BTC的價格保持上升。

Despite this wave of institutional accumulation, Bitcoin’s price action has defied bullish expectations.

儘管有一波機構積累，但比特幣的價格行動卻違反了看漲的期望。

Over the past three months, BTC has been locked in a relatively narrow trading range, struggling to break through the psychological barrier at $100,000. The majority of this period has seen the asset fluctuating below this level, frustrating bulls who anticipated a sustained breakout. A brief surge to an all-time high of $108,786 occurred on January 20 after U.S. President Donald Trump’s inauguration, but the price quickly reverted to its previous range.

在過去的三個月中，BTC被鎖定在相對狹窄的交易範圍內，努力以100,000美元的價格突破心理障礙。這一時期的大多數人使資產波動在此層面以下，這使人們感到沮喪的公牛預計會持續突破。在美國總統唐納德·特朗普就職典禮後，1月20日發生了短暫的漲幅，達到108,786美元，但價格迅速恢復了以前的範圍。

Now, Mow has pointed out what many in the crypto community have begun to suspect: that this persistent sideways movement, despite sustained institutional buying, may indicate that prices are being artificially suppressed.

現在，MOW指出了加密貨幣社區中許多人開始懷疑的東西：儘管機構購買了持續的機構購買，但這種持續的側向運動可能表明價格正在人為地鎮壓。

“You’ve got retail buyers who are dollar-cost averaging and buying, and because the price is set at the margin, so that means somebody has to be selling,” Mow said at a recent panel discussion at Consensus Hong Kong 2025.

莫夫在20025年香港共識的一次小組討論中說：“您有零售買家的平均成本和購買，並且由於價格設定為利潤率，因此這意味著有人必須出售。”

“So who is selling their Bitcoin at $90,000 when everybody else wants to buy more? You can figure it out yourself.”

“那麼，當其他人都想購買更多時，誰以90,000美元的價格出售他們的比特幣呢？你可以自己弄清楚。”

The bitcoin maximalist went on to express optimism over the institutional buying pressure, which he believes will eventually lead to a massive crypto bull rally that could send BTC to $2 million per coin.

比特幣的最大主義者繼續對機構購買壓力表示樂觀，他認為這最終將導致大規模的加密公牛集會，這可能會使BTC每枚硬幣達到200萬美元。

Samson Mow is a strong advocate for Bitcoin and has frequently spoken out on its behalf. In 2023, he famously stated that institutions are still not fully involved in crypto, despite the launch of Spot Bitcoin ETFs, which he believes will drive bitcoin to $1 million.

Samson Mow是比特幣的強有力的擁護者，並且經常代表它說。在2023年，他著名地說，儘管發射了比特幣ETF，但機構仍未完全參與加密貨幣，他認為這將使比特幣達到100萬美元。

Now, Mow seems to have revised his target even higher, suggesting that BTC could surge as high as $2 million per BTC. This prediction was made on social media platform X, which came as a response to another post that highlighted the entry of major institutional players like Goldman Sachs buying BTC through the Spot Bitcoin ETFs.

現在，MOW似乎已經修改了更高的目標，這表明BTC每BTC的漲幅高達200萬美元。該預測是在社交媒體平台X上做出的，該預測是對另一篇文章的回應，該帖子強調了像高盛（Goldman Sachs）這樣的主要機構參與者的進入，該帖子通過現貨比特幣ETF購買了BTC。

At the time of writing, BTC is trading at $96,950, up by 1.7% in the past 24 hours.

在撰寫本文時，BTC的交易價格為96,950美元，在過去24小時內增長1.7％。