CryptoQuant：2025 年比特幣 (BTC) 的目標價格範圍可能在 145,000 美元至 249,000 美元之間

根據 CryptoQuant 最新的每週報告，2025 年比特幣 (BTC) 的目標價範圍可能在 145,000 美元至 249,000 美元之間。

Bitcoin (BTC) price could reach “at least” $145,000 in 2025, thanks to fresh capital inflows and favorable crypto regulations, according to the latest weekly report by CryptoQuant.

根據 CryptoQuant 最新的每週報告，由於新的資本流入和有利的加密貨幣法規，比特幣 (BTC) 的價格到 2025 年可能「至少」達到 145,000 美元。

The report highlights that Bitcoin’s realized market capitalization, which represents the total USD value of each BTC at the last point it moved on-chain, has a more-than-proportional effect on the digital asset’s market value and price.

該報告強調，比特幣的已實現市值（代表每個比特幣在鏈上最後一點的美元總價值）對數位資產的市場價值和價格具有超比例的影響。

If the market follows historical patterns, then the $520 billion in fresh capital inflows to BTC could become a reality. This fresh capital injection could push BTC price to anywhere between $145,000 to $249,000, since the expansion in BTC’s realized capitalization has a more-than-proportional effect on the digital asset’s market value and price.

如果市場遵循歷史模式，那麼 5,200 億美元的新資本流入 BTC 可能會成為現實。此次新的資本注入可能會將 BTC 價格推至 145,000 美元至 249,000 美元之間，因為 BTC 已實現資本的擴張對數位資產的市場價值和價格產生超比例影響。

The report adds that institutional investors, particularly addresses holding between 100 and 1,000 BTC, are contributing the most to the market’s capital inflows. These addresses largely represent institutional-grade custodial services and exchange-traded funds (ETFs).

該報告補充說，機構投資者，特別是持有 100 至 1,000 BTC 的機構投資者，對市場資本流入的貢獻最大。這些地址主要代表機構級託管服務和交易所交易基金（ETF）。

Notably, institutional participants increased their Bitcoin holdings by $127 billion in 2024, reflecting robust confidence in the cryptocurrency’s long-term potential. Additionally, the final year of Bitcoin’s four-year cycle is often associated with significant price surges for the asset.

值得注意的是，機構參與者在 2024 年將比特幣持有量增加了 1,270 億美元，反映出對加密貨幣長期潛力的堅定信心。此外，比特幣四年周期的最後一年通常與該資產的價格大幅上漲有關。

All Eyes On US Federal Reserve

所有人的目光都集中在聯準會

While many crypto analysts and market commentators maintain an optimistic outlook for Bitcoin in 2025, some express caution regarding the potential impact of the US Federal Reserve’s (Fed) delayed interest rate cuts amid inflation concerns and subdued retail investor participation.

儘管許多加密貨幣分析師和市場評論員對 2025 年比特幣的前景保持樂觀，但一些人對聯準會 (Fed) 因通膨擔憂和散戶參與度低而推遲降息的潛在影響表示謹慎。

For instance, a recent report by 10x Research noted that delayed interest rate cuts by the Fed could dampen BTC’s bullish momentum. Further, data from CME FedWatch indicates a 97.3% probability that the Fed will leave the rates untouched during the Federal Open Market Committee meeting later this month.

例如，10x Research 最近的一份報告指出，聯準會推遲降息可能會抑制 BTC 的看漲勢頭。此外，CME FedWatch 的數據顯示，聯準會在本月稍後的聯邦公開市場委員會會議上維持利率不變的可能性為 97.3%。

That said, asset manager Sygnum posits that BTC is likely to face demand shocks as more institutional investors embrace the emerging asset. At press time, BTC trades at $99,309, up 2.9% in the past 24 hours.

儘管如此，資產管理公司 Sygnum 認為，隨著越來越多的機構投資者接受這種新興資產，比特幣可能會面臨需求衝擊。截至發稿，BTC 交易價格為 99,309 美元，過去 24 小時上漲 2.9%。