比特幣價格攀升至 93,000 美元以上，創下歷史新高

11 月 13 日星期三，比特幣價格大幅上漲，突破 90,000 美元大關，並創下新紀錄，因為這種數位貨幣受益於不斷增長的需求。

Bitcoin prices soared on Wednesday, blowing past the $90,000 level and setting a new record as the digital currency benefited from rising demand.

比特幣價格週三飆升，突破 9 萬美元大關，並創下新紀錄，因為這種數位貨幣受益於不斷增長的需求。

The world’s most prominent cryptocurrency, which had a total market value of roughly $1.8 trillion at the time of this writing, reached roughly $93,500 that day, Coinbase figures from TradingView show.

TradingView 的 Coinbase 數據顯示，在撰寫本文時，全球最著名的加密貨幣總市值約為 1.8 兆美元，當天價格達到約 93,500 美元。

Several analysts pointed to evidence of greater demand from global investors for the digital asset to explain the latest appreciation.

一些分析師指出，有證據顯示全球投資者對數位資產的需求更大，這可以解釋最新的升值情況。

Julio Moreno, head of research for CryptoQuant, highlighted how the amount of bitcoin held by so-called whales, which in this particular case hold between 1,000 and Pardavimas,000 units of the cryptocurrency, has been rising sharply as of late.

CryptoQuant 研究主管 Julio Moreno 強調，所謂的鯨魚持有的比特幣數量（在本例中為 1,000 到 Pardavimas,000 單位的加密貨幣）最近一直在急劇上升。

He shared the chart below to illustrate this trend:

他分享了下面的圖表來說明這個趨勢：

Total bitcoin held by whales (between 1k and 10k bitcoin)

鯨魚持有的比特幣總量（1,000 到 10,000 比特幣）

“This is interesting, it shows the 30-day growth in holdings of Whale addresses (excluding exchanges and mining pools) accelerating again,” Moreno stated via Telegram.

「這很有趣，它表明 Whale 地址（不包括交易所和礦池）的 30 天持有量增長再次加速，」莫雷諾透過 Telegram 表示。

“This can be interpreted as growing Bitcoin demand from large holders,” he said.

「這可以解釋為大持有者對比特幣的需求不斷增長，」他說。

Marc P. Bernegger, cofounder of crypto fund of funds AltAlpha Digital, also chimed in, stating via email that “Now retail investors are coming back in a massive way and this is the driver of this phase of the bull run.”

AltAlpha Digital 加密基金聯合創始人 Marc P. Bernegger 也插話道，他透過電子郵件表示，“現在散戶投資者正在大規模回歸，這是這一階段牛市的驅動力。”

“A good indicator is the ranking of trading apps like Counbase in app stores,” he noted.

「一個很好的指標是像 Counbase 這樣的交易應用程式在應用程式商店中的排名，」他指出。

Olivier Mammet, head of US OTC trading at Gemini, also offered his perspective on the matter.

Gemini 美國場外交易主管 Olivier Mammet 也表達了他對此事的看法。

“After failing to break above the $90,000 level multiple times yesterday, the market finally managed to move higher, making a new all-time high at around $93,000,” he stated through emailed comments.

他在電子郵件評論中表示：“在昨天多次未能突破 90,000 美元的水平後，市場終於成功走高，創下了 93,000 美元左右的歷史新高。”

“We can assume that the market got the extra support it needed after a new day of strong inflows into ETFs (+$812 million for November 12th),” Mammet said. “It should also be noted that the trading activity over the past couple of days has been fairly orderly, with few massive liquidations or swings of volatility.”

Mammet 表示：“我們可以假設，在新一天 ETF 資金強勁流入（11 月 12 日增加 8.12 億美元）之後，市場獲得了所需的額外支撐。” “還應該指出的是，過去幾天的交易活動相當有序，很少有大規模清算或波動。”

The expert offered additional nuance on the digital currency markets.

這位專家對數位貨幣市場提出了更多的細微差別。

“To understand what drove the latest gains, we can look closely at funding levels and the futures basis, which shows that they remain in healthy territory around 12%. This is low given how strong a bull market we are experiencing,” he noted.

「為了了解推動最新漲幅的因素，我們可以仔細觀察融資水準和期貨基差，結果顯示它們仍處於 12% 左右的健康區域。考慮到我們正在經歷的牛市有多強勁，這個數字很低，」他指出。

“Finally, by looking at market maker’s positioning on options, we have seen lots of buyers with high strike call options pre-election ($80,000, $90,000, $100,000, and even $150,000), suggesting they are very bullish. As such, it is fair to assume that a few market makers have been caught off-guard and therefore are forced to pay more to cover their exposure, contributing to the buying pressure and growth.”

「最後，透過觀察做市商對選擇權的定位，我們發現許多買家在選舉前擁有高行使價買權（80,000 美元、90,000 美元、100,000 美元，甚至 150,000 美元），這表明他們非常看漲。因此，可以合理地假設一些做市商措手不及，因此被迫支付更多費用來彌補其風險敞口，從而加劇了購買壓力和增長。

George Kailas, CEO of Prospero.ai, also spoke to the situation, outlining a short list of causal factors that drove bitcoin’s latest gains.

Prospero.ai 執行長 George Kailas 也談到了這一情況，概述了推動比特幣最新上漲的一系列因素。

For starters, he mentioned “A very real expectation of increased demand driving up prices” via a Google Doc he shared containing his input.

首先，他透過他分享的包含他的意見的Google文件提到了「需求增加推高價格的非常真實的預期」。

“Trump has said he would make BTC a reserve currency,” Kailas noted.

Kailas 指出：“川普表示他會讓 BTC 成為儲備貨幣。”

“That kind of government demand for a security could not only drive up price and perceived value but it could also spur other governments to make similar moves as to not be perceived as being behind the times. If other countries started to follow suit that could have exponential effects on an already Bullish move.”

「政府對證券的這種需求不僅會推高價格和感知價值，而且還可能刺激其他政府採取類似舉措，以免被視為落後於時代。如果其他國家開始效仿，可能會對本已看漲的走勢產生指數級影響。

Further, he emphasized that “Trump Coin saw a big boost after he won the election. Having exposure to this market himself makes people draw the line that the regulatory market will get more friendly towards Cryptocurrencies.”

此外，他強調，「川普幣在他贏得大選後出現了巨大的增長。親自接觸這個市場讓人們劃清界限，監管市場將對加密貨幣變得更加友好。

“He said at the Nashville conference he would fire Gary Gensler twice to raucous cheers,” “Thus giving more hope to a friendlier regulatory environment which would also be prince accretive because clarity on the laws around Crypto (where there isn’t much currently) would attract more talent and dollars to the space,” Kailas noted.

「他在納許維爾會議上表示，他將在喧鬧的歡呼聲中兩次解僱加里·詹斯勒（Gary Gensler），」「這給更友好的監管環境帶來了更多希望，這也將是王子的增值，因為圍繞加密貨幣的法律的明確性（目前還沒有太多）將吸引更多人才和資金進入該領域，」凱拉斯指出。

Finally, he stated that “These currencies can move at breakneck paces up (and down) even without tangible reasons to be optimistic like the ones laid out above. With it the frenzy of Social Sentiment raises the perceived value and creates a momentum that it might be hard to break even if BTC goes beyond what could be considered fair value for these events.”

最後，他表示，「即使沒有像上面列出的那樣有明確的樂觀理由，這些貨幣也可能以驚人的速度上漲（和下跌）。隨之而來的是，社會情緒的狂熱提高了感知價值，並創造了一種勢頭，即使 BTC 超出了這些事件的合理價值，也可能很難打破。

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and SOL.

揭露：我擁有一些比特幣、比特幣現金、萊特幣、以太幣、EOS 和 SOL。