在利息累積和供應下降的情況下，比特幣飛速上漲

在即將到來的減半預期中，隨著投資者累積比特幣，比特幣價格飆升預示著看漲勢頭。機構需求和交易所供應下降表明潛在的超級週期。比特幣相對於傳統市場的優異表現以及即將到來的美國大選增加了看漲情緒，而技術分析表明，比特幣正在形成一個上升三角形，旨在創下歷史新高。

Bitcoin Poised for Bullish Surge as Accumulation Intensifies, Supply Dwindles

隨著累積加劇，供應減少，比特幣有望上漲

In a testament to the unwavering enthusiasm within the cryptocurrency community, Bitcoin (BTC) has exhibited a bullish resurgence, signaling a continuation of its upward trajectory. Having established a robust support level of approximately $65.5k in recent days, BTC briefly breached the $69k threshold on Thursday. While it has since stabilized around $67k during the early London session on Friday, the flagship digital asset is steadily forming a bullish pennant in anticipation of the eagerly awaited halving event later this month.

比特幣（BTC）表現出看漲復甦，表明其上升軌跡仍在繼續，這證明了加密貨幣社群的堅定熱情。 BTC 最近幾天建立了約 6.55 萬美元的強勁支撐位，週四短暫突破了 6.9 萬美元的門檻。儘管此後在周五倫敦早盤期間它已穩定在 6.7 萬美元左右，但由於預計本月晚些時候將迎來期待已久的減半事件，這一旗艦數位資產正在穩步形成看漲三角旗。

This bullish outlook is bolstered by the surging demand from institutional investors, fueled by the regulatory approval of several spot Bitcoin ETFs earlier this year. Many experts are convinced that a super cycle is imminent, characterized by an extended period of exceptional growth.

今年稍早監管機構批准了幾隻現貨比特幣 ETF，推動了機構投資者需求的激增，支撐了這種看漲前景。許多專家相信，一個超級週期即將到來，其特徵是長期的超常成長。

Dwindling Bitcoin Supply on Crypto Exchanges: A Bullish Indicator

加密貨幣交易所的比特幣供應減少：看漲指標

On-chain data analysis conducted by CryptoQuant reveals a remarkable decline in Bitcoin supply on centralized exchanges. Over the past month alone, there has been a reduction of more than 90,700 BTC. Strikingly, the supply of Bitcoin on centralized exchanges is now less than two million, despite the notable rise in leveraged trading.

CryptoQuant 進行的鏈上數據分析顯示，中心化交易所的比特幣供應量顯著下降。光是過去一個月，BTC 就減少了超過 90,700 個。引人注目的是，儘管槓桿交易顯著增加，但中心化交易所上的比特幣供應量目前仍不到 200 萬個。

This divergence in Bitcoin supply on exchanges has escalated exponentially since early last year, indicating a clear advantage for the bulls. However, Glassnode has reported a notable increase in the transfer of Bitcoins from long-term holders to short-term traders on crypto exchanges. These short-term traders have added around 1.121 million BTC to their holdings, acquired from long-term investors.

自去年初以來，交易所的比特幣供應差異呈指數級上升，這表明多頭具有明顯的優勢。然而，Glassnode 報告稱，在加密貨幣交易所，比特幣從長期持有者向短期交易者的轉移顯著增加。這些短期交易者增加了從長期投資者購買的約 112.1 萬比特幣。

"Following a historical tightness in supply, the divergence between long and short-term holder supply has started closing," noted Glassnode analysts. "As prices rise and unrealized profits held by investors increase, it tempts long-term holders to part with their holdings."

Glassnode 分析師指出：“在供應歷史性緊張之後，長期和短期持有者供應之間的差距已經開始縮小。” “隨著價格上漲和投資者持有的未實現利潤增加，它會誘使長期持有者放棄所持股份。”

The significant decline in Bitcoin supply on exchanges aligns with the heightened demand from institutional investors through the recently approved spot BTC ETFs. However, the daily Bitcoin outflows from Grayscale's GBTC, expected to conclude in July, have exerted a notable dampening effect on bullish sentiment.

交易所比特幣供應量的大幅下降與機構投資者透過最近批准的現貨 BTC ETF 的需求增加一致。然而，預計將於 7​​ 月結束的 Grayscale GBTC 每日比特幣流出，對看漲情緒產生了顯著的抑製作用。

Macroeconomic Factors Auguring Well for Bitcoin

宏觀經濟因素對比特幣有利

In recent quarters, Bitcoin has outperformed both traditional stock indexes and precious metals, despite experiencing a temporary setback in the past few weeks. The anticipated interest rate cuts later this year have further fueled the Bitcoin bullish sentiment, as investors seek refuge from the short-term uncertainty surrounding inflation.

儘管在過去幾週經歷了暫時的挫折，但最近幾個季度，比特幣的表現仍然優於傳統股指和貴金屬。由於投資者尋求躲避圍繞通膨的短期不確定性，預計今年稍後的降息進一步加劇了比特幣的看漲情緒。

Additionally, the United States is gearing up for its presidential elections later this year, where the crypto-friendly sentiment of the electorate could play a pivotal role in shaping the outcome.

此外，美國正在為今年稍後的總統選舉做準備，選民對加密貨幣的友善情緒可能在塑造結果方面發揮關鍵作用。

Midterm Price Expectations: A New All-Time High on the Horizon

中期價格預期：歷史新高即將到來

From a technical standpoint, Bitcoin is poised to reach a new all-time high in the near term. According to several analysts, the flagship coin has been forming an ascending triangle on the weekly time frame, following Thursday's bullish rebound.

從技術角度來看，比特幣預計在短期內創下歷史新高。幾位分析師表示，繼週四的看漲反彈之後，旗艦代幣在每週時間範圍內一直形成上升三角形。

"Bitcoin has formed an ascending triangle on top of weekly support," tweeted Jelle (@CryptoJelleNL), a respected crypto analyst. "Break out, and we're looking at a target of $82,000."

一位受人尊敬的加密貨幣分析師 Jelle (@CryptoJelleNL) 在推特上寫道：“比特幣在每週支撐位之上形成了一個上升三角形。” “突破後，我們的目標是 82,000 美元。”

However, Bitcoin's dominance has been signaling a short-term reversal, having encountered significant resistance around 54 percent. Consequently, the altcoin industry could witness a fresh rally before the anticipated parabolic bull run of Bitcoin takes hold.

然而，比特幣的主導地位已經發出短期逆轉的訊號，在 54% 左右遇到了重大阻力。因此，在比特幣預期的拋物線牛市形成之前，山寨幣產業可能會見證新的反彈。