比特幣與標準普爾 500 指數脫鉤，顯示出新牛市的早期跡象

比特幣 [BTC] 顯示出與股票脫鉤的早期跡象，漲幅領先標準普爾 500 指數。

Bitcoin [BTC] began 2025 with a surprising decoupling from equities, outpacing the S&P 500. At press time, BTC was valued at $100,839, showcasing a 1.39% gain over the past 24 hours and a 7.16% rise in the last seven days.

比特幣[BTC] 進入2025 年，令人驚訝地與股票脫鉤，跑贏了標準普爾500 指數。 。

This shift marked a significant divergence, as crypto markets typically followed a highly correlated trajectory to stock markets. However, 2025 began with BTC exhibiting signs of independence from macroeconomic factors.

這種轉變標誌著顯著的分歧，因為加密貨幣市場通常遵循與股票市場高度相關的軌跡。然而，2025 年伊始，BTC 就展現了獨立於宏觀經濟因素的跡象。

A closer look at the markets revealed that Bitcoin outperformed the S&P 500. While BTC posted a 3.7% gain in a single day, the S&P 500 recorded a modest 0.4% increase, signaling divergence.

仔細觀察市場就會發現，比特幣的表現優於標準普爾 500 指數。

“For most of the past three years, cryptocurrency has been perceived as a ‘high-leveraged tech stock,’ but current data suggests that BTC may break away from stock market fluctuations,” noted Santiment on X (formerly Twitter).

「在過去三年的大部分時間裡，加密貨幣一直被視為『高槓桿科技股』，但當前數據表明 BTC 可能會擺脫股市波動的影響，」X（前 Twitter）上的 Santiment 指出。

Interestingly, crypto markets have experienced their strongest bull runs when they had a low correlation with equities. If Bitcoin can sustain its momentum and operate independently of macroeconomic factors, it could pave the way for new all-time highs in 2025.

有趣的是，當加密貨幣市場與股票的相關性較低時，它們就經歷了最強勁的牛市。如果比特幣能夠保持其勢頭並獨立於宏觀經濟因素運行，它可能會為 2025 年新的歷史高點鋪平道路。

A visual representation of the Bitcoin Support Resistance levels. Resistance levels are depicted as walls of varying heights, indicating the amount of BTC held at each price point.

比特幣支撐阻力位的直觀表示。阻力位被描述為不同高度的牆，表示在每個價格點持有的 BTC 數量。

This analysis showed strong support for BTC above a critical zone ranging from $95,400 to $98,400, where 1.77 million addresses purchased 1.53 million BTC. This cluster of buyers represented a strong demand zone that could prevent significant price declines.

該分析顯示，BTC 在 95,400 美元至 98,400 美元的關鍵區域上方受到強勁支撐，其中 177 萬個地址購買了 153 萬個 BTC。這群買家代表了一個強勁的需求區，可以防止價格大幅下跌。

On the upside, BTC faced minimal resistance, with only 107,000 BTC held by 102,168 addresses between $104,700 and $105,770. If BTC breaks through this light resistance zone, analysts expected further upward movement, as selling pressure remained limited at higher levels.

從好的方面來看，BTC 面臨的阻力很小，102,168 個地址僅持有 107,000 個 BTC，價格在 104,700 美元至 105,770 美元之間。如果比特幣突破這一小阻力區域，分析師預計將進一步上漲，因為較高水平的拋售壓力仍然有限。

This positive ratio reflected strong market sentiment, as most holders were confident in Bitcoin’s trajectory.

這一正比率反映了強勁的市場情緒，因為大多數持有者對比特幣的發展軌跡充滿信心。

Data from Coinglass showed an increase in Bitcoin Futures Open Interest, now at $64.96 billion, up 2.20% daily. Open Interest(OI) has been steadily climbing since mid-2024, aligning with Bitcoin’s price rally and reflecting heightened speculative activity.

Coinglass 的數據顯示，比特幣期貨未平倉合約增加，目前達到 649.6 億美元，每日上漲 2.20%。自 2024 年中期以來，未平倉合約 (OI) 一直在穩步攀升，與比特幣價格上漲一致，反映出投機活動加劇。

Additionally, trading volume surged by 49.82% to $86.96 billion, and options volume jumped 76.78% to $3.54 billion, indicating growing trader engagement.

此外，交易量猛增 49.82% 至 869.6 億美元，選擇權交易量猛增 76.78% 至 35.4 億美元，顯示交易者參與度不斷提高。

However, rising OI and leveraged positions can increase the risk of volatility. The BTC Total Liquidations Chart recorded $17.87 million in long liquidations and $2.95 million in short liquidations in the past session.

然而，持倉量和槓桿部位的上升可能會增加波動風險。 BTC總清算圖表在過去一個交易日記錄了多頭清算1787萬美元，空頭清算295萬美元。

This imbalance suggests that overleveraged longs were wiped out during minor price corrections.

這種不平衡表明，過度槓桿化的多頭在價格小幅調整期間被消除。

With a strong support base and minimal resistance ahead, analysts believe Bitcoin is well-positioned to test new all-time highs if it continues to decouple from traditional markets

分析師認為，憑藉強大的支撐基礎和未來的最小阻力，如果比特幣繼續與傳統市場脫鉤，它就有能力測試新的歷史高點