比特幣（BTC）顯示出意外的力量，因為全球市場來自美國關稅不確定性

隨著全球市場的關稅不確定性，比特幣表現出意外的實力。

As global markets are reeling from the U.S. tariff uncertainty, Bitcoin (BTC) has shown unexpected strength. The recent tariff drama began when Donald Trump announced a 10% base import tax on April 2, only to backtrack a few days later. This policy flip-flop sent shockwaves through traditional financial markets, causing stocks and bonds to swing unpredictably. However, in stark contrast, Bitcoin remained relatively calm, capturing the attention of institutional investors and traders.

隨著全球市場因美國關稅不確定性而引起，比特幣（BTC）表現出意外的實力。最近的關稅戲劇始於唐納德·特朗普（Donald Trump）於4月2日宣布10％的基本進口稅，直到幾天后回溯。這項政策觸發器通過傳統的金融市場造成衝擊波，導致股票和債券不可預測。但是，與之形成鮮明對比的是，比特幣保持相對平靜，引起了機構投資者和商人的關注。

Crypto Markets Unmoved While Wall Street Wobbles

加密市場不為所動，而華爾街搖擺不定

While stocks plunged and bonds tumbled, the crypto space didn’t flinch. According to Greg Cipolaro from NYDIG, crypto markets have handled the recent turmoil far better than traditional assets.

當股票跌落並債券倒塌時，加密貨幣空間並沒有退縮。根據NYDIG的Greg Cipolaro的說法，加密貨幣市場的處理方式遠勝於傳統資產。

In a note released on April 11, Cipolaro highlighted that Bitcoin’s volatility stayed “relatively stable” despite a 22.5% drop from January highs. He noted that liquidations in crypto were significantly lower than during past major events, indicating more maturity in the market.

在4月11日發布的一份票據中，Cipolaro強調了比特幣的波動性保持“相對穩定”，儘管從一月份的高點下降了22.5％。他指出，加密貨幣的清算大大低於過去的重大事件，表明市場上的成熟度更高。

Tether (USDT), the largest stablecoin, briefly dipped below $1 but didn’t spiral, further adding to the perception of crypto resilience. Cipolaro emphasized that risk-focused investment funds, such as risk parity funds, are beginning to look seriously at Bitcoin. These funds could potentially help reduce volatility in the long run, creating a cycle of increased institutional adoption and growing stability.

Tether（USDT）是最大的Stablecoin，短暫下跌低於1美元，但沒有螺旋式，進一步增加了對加密富0彈性的看法。 Cipolaro強調，以風險為中心的投資基金（例如風險平價基金）開始認真對待比特幣。從長遠來看，這些資金可能有助於減少波動，從而創造出增加機構採用和穩定性增長的循環。

Traders Eye $100K BTC With Bullish Bets

貿易商眼睛$ 10萬美元的BTC帶有看漲的賭注

One of the biggest signs of bullish sentiment is emerging in the crypto derivatives market. On Deribit, a leading crypto options platform, traders have shown a growing appetite for a dramatic Bitcoin rally.

看漲情緒的最大跡象之一是在加密衍生品市場中出現。在領先的加密選擇平台Deribit上，交易者對戲劇性比特幣集會的胃口不斷增長。

The $100K call option—meaning traders are betting Bitcoin will reach that price—has seen open interest soar to $1.2 billion, making it the most popular option on the platform, according to data from Amberdata.

根據Amberdata的數據，這筆10萬美元的呼叫選項（責任交易者都在投注比特幣將達到這一價格 - 已將開放興趣飆升至12億美元，這使其成為該平台上最受歡迎的選擇。

Deribit reported that last week’s market chaos pushed many traders to abandon bearish puts in favor of bullish calls. Puts in the $75K–$78K range were sold off, while calls between $85K and $100K were picked up aggressively. This movement helped normalize the options skew, a metric that had previously reflected bearish sentiment.

DeRibit報導說，上週的市場混亂使許多交易者放棄看跌的投票，以支持看漲的電話。售價為75k至78K $ 78K的價格被售出，而$ 85,000至10萬美元之間的電話被積極地撿起。這一運動有助於使選項偏斜歸一化，這是以前反映看跌情感的指標。

Analysts Split: Safe Haven or Warning Signs?

分析師分裂：避風港或警告信號？

The debate over Bitcoin’s next move remains active. Cipolaro and others see growing confidence in Bitcoin’s value as an asset detached from sovereign risk. This perception could be fueling the calm behavior during market panic.

關於比特幣的下一步行動的辯論仍然活躍。 Cipolaro和其他人認為對比特幣價值的信心越來越有信心，因為資產與主權風險分離。這種看法可能會助長市場恐慌期間的平靜行為。

However, not all analysts are convinced. Ruslan Lienkha, Chief of Markets at YouHodler, pointed out that technical indicators show a potential “death cross” forming—a bearish signal that could indicate more downside risk if macroeconomic conditions don’t improve.

但是，並非所有分析師都相信。 YouHodler市場負責人Ruslan Lienkha指出，技術指標表現出潛在的“死亡十字架”形成 - 如果宏觀經濟狀況無法改善，則可能表明可能會表明更多的下行風險。

Lienkha advises caution, suggesting that Bitcoin’s calm could be temporary if broader economic indicators deteriorate further.

Lienkha建議謹慎行事，表明如果更廣泛的經濟指標進一步惡化，比特幣的平靜可能是暫時的。