比特幣（BTC）飆升至$ 93,000

比特幣（BTC）目前的交易價格低於90,00美元，在過去24小時內的高額增長率超過5.5％。這個尖銳的尖峰

Bitcoin (BTC) is currently trading just under the $93,000 mark, posting a significant gain of over 5.5% in the past 24 hours. This sharp spike pushes Bitcoin BTC/USD to its highest levels in 45 days, solidifying its role as a safe-haven asset amid turbulent macroeconomic conditions.

比特幣（BTC）目前的交易價格不到93,000美元，在過去的24小時內，比特幣的交易量超過5.5％。這種尖銳的尖峰使比特幣BTC/USD在45天內將其最高水平提高到最高水平，從而在湍流的宏觀經濟條件下鞏固了其作為避風港資產的作用。

The cryptocurrency market is known for its volatility, and Bitcoin has experienced a mixed year so far. After a strong start to 2024, which saw Bitcoin rise above $80,000 for the first time since January, the cryptocurrency encountered resistance around the $88,000 level.

加密貨幣市場以其波動性而聞名，到目前為止，比特幣經歷了不同的一年。在2024年開始強勁的開局之後，自1月以來，比特幣首次上漲了80,000美元，加密貨幣遇到了88,000美元的抵抗。

However, recent macroeconomic trends have shifted the balance in favor of Bitcoin. With US stock markets showing signs of a bear market and the US dollar weakening, investors are seeking alternative assets to hedge their risk.

但是，最近的宏觀經濟趨勢已經改變了平衡，而有利於比特幣。隨著美國股票市場顯示出熊市的跡象和美元削弱的跡象，投資者正在尋求替代資產來對沖其風險。

This institutional investment pattern provides some of the most convincing evidence for Bitcoin’s enhanced position. On April 21, these funds achieved their highest single-day net inflows since January, with about $380 million pouring into US spot Bitcoin ETFs.

這種機構投資模式為比特幣提高地位提供了一些最令人信服的證據。 4月21日，這些基金獲得了自1月以來的最高單日淨流入，約有3.8億美元湧入美國現貨比特幣ETF。

ETFs experience 33 days of net outflows against only 21 days of inflows since February, hence this turnaround follows a protracted period of outflows.

自2月以來，ETF經歷了33天的淨流出，而僅21天的流入，因此，這種轉變遵循了曠日持久的流出期。

Significant corporate buyers are also returning to the market. At an average price of around $84,785 per coin, Michael Saylor’s MicroStrategy just acquired an extra 6,556 BTC for roughly $555.8 million, increasing their total holdings to an amazing 538,200 BTC, valued almost $48.4 billion at current pricing. On the same day, Metaplanet based on Japan also deposited 330 BTC to its treasury.

重要的公司買家也重返市場。邁克爾·塞勒（Michael Saylor）的微觀票據平均每枚硬幣的平均價格約為84,785美元，剛剛以約5.558億美元的價格收購了6,556 BTC的額外價格，將其總持有量增加到了令人驚嘆的538,200 BTC，其價值將近484億美元，價值近484億美元。同一天，基於日本的Metaplanet還將330 BTC存入其財政部。

At 0.16%, the Coinbase Bitcoin Premium Index—which gauges the price differential between Coinbase Pro—mostly utilized by US institutions—and Binance—with a larger retail base—has gone positive, therefore attesting to institutional buying demand.

Coinbase Bitcoin Premium指數佔0.16％（衡量了Coinbase Pro之間的價格差異）（主要是由美國機構使用的主要是零售基地），其零售基礎是積極的，因此證明了機構購買需求。

The rise in Bitcoin price corresponds with gold attaining fresh all-time highs above $3,500, a reflection of mounting investor worries on economic stability. Participating elements consist of:

比特幣價格上漲與超過3,500美元以上的黃金達到新鮮的高價相對應，這反映了不斷增加的投資者對經濟穩定的擔憂。參與元素包括：

BTC/USD Technical Analysis Shows Bullish Reversal

BTC/USD技術分析顯示看漲

Following months of downward pressure following January’s all-time high of $109,346, Bitcoin has at last registered its first higher high of 2024. At $88,500, the breakout above past barrier marks the possible end of the multi-month downturn ruling the market.

在1月有史以來高點109,346美元之後的下降壓力下，比特幣終於登記了其2024年的首個高點。 $ 88,500，超過障礙的突破標誌著多個月下降的終點統治市場。

Rising above $91,000 on April 22, Bitcoin clearly broke out from its technical downtrend pattern and reached a 45-day high according to chart study. Rekt Capital, a crypto analyst, claims that “the multi-month downturn is ended. And technical uptrends arise when a technical downturn is broken.”

根據圖表研究，比特幣在4月22日上漲了91,000美元以上，比特幣顯然從其技術下降趨勢模式中爆發出來，並達到了45天的高度。加密分析師Rekt Capital聲稱“多個月的衰退結束了。

BTC Futures Market Shows Growing Optimism

BTC期貨市場顯示出越來越樂觀

The market for derivatives of Bitcoin is displaying really positive signals. Based on CoinGlass data, open interest in Bitcoin futures shot up 17% to a two-month high of $68.3 billion. The market is in contango, in which case futures prices exceed spot prices, suggesting traders expect increasing prices.

比特幣衍生品的市場顯示出真正的積極信號。基於Coinglass數據，對比特幣期貨的開放興趣上漲了17％，達到了683億美元的兩個月高點。市場位於Contango，在這種情況下，期貨價格超過現貨價格，這表明交易者預計價格上漲。

Still within the neutral range of 5–10% normal for balanced markets, the Bitcoin futures annualized premium is 6%. This points to cautious optimism instead of too high expectations, therefore perhaps giving opportunity for more upward before overheated issues develop.

比特幣期貨年度溢價仍然在平衡市場的中性範圍內正常5-10％。這表明了謹慎的樂觀情緒，而不是過高的期望，因此可能在過熱的問題發展之前為更多向上提供了機會。

Bitcoin Price Prediction: $200,000 by 2025?

比特幣價格預測：到2025年$ 200,000？

Research studies from Standard Chartered and Intellectia AI indicate that institutional demand might drive Bitcoin’s price as high as $200,000 per coin in 2025 – more than tripling its present value. This estimate relies on ongoing ETF inflows and institutional adoption free from significant legislative restrictions or geopolitical disturbances.

來自標準特許和Infcestionia AI的研究表明，機構需求可能會使比特幣的價格高達2025年的每枚硬幣200,000美元，這超過了其現值三倍。該估計依賴於正在進行的ETF流入和製度採用，而沒有重大立法限製或地緣政治騷擾。

With the Market Value to Realized Value (MVRV) ratio trying to recover the important level of 2, on-chain measures suggest a positive view. Historically, notable price swings have occurred from Bitcoin keeping an MVRV ratio of 2 over long stretches. If Bitcoin keeps this level for the next six weeks, DYOR crypto creator Hitesh Malviya advises it might gain “70% to 80%.

由於試圖恢復2個重要水平的市場價值（MVRV）的市場價值（MVRV）比率，鏈措施表明了積極的觀點。從歷史上看，比特幣在長時間的MVRV比率保持2次。如果比特幣在接下來的六週內保持這一水平，Dyor Crypto的創建者Hitesh Malviya建議它可能會增長70％至80％。

Based on the MVRV Z-Score breaking below a long-standing uptrend support line, some analysts contend that January’s peak of $109,000 may already mark the top of this cycle. However, recent price action and institutional buying point to still great bullish potential should Bitcoin maintain its momentum into May.

一些分析師認為，基於MVRV Z分數在長期的上升趨勢支持線以下打破，一月的峰值109,000美元可能已經標誌著這一周期的頂部。但是，最近的價格行動和機構購買點仍然具有巨大的看漲潛力，應該將比特幣保持到五月的勢頭。