機構買盤推動比特幣飆升至 9.8 萬美元以上，但分析師警告未來可能會出現波動

在經歷了一周的負價格活動之後，比特幣 (BTC) 在平安夜發生了驚人的轉變，躍升至 98,000 美元以上，標誌著明顯的捲土重來。

After a week of downturn, Bitcoin (BTC) made a spectacular comeback on Christmas Eve, surging past the $98,000 mark in a stunning development.

經過一周的低迷後，比特幣 (BTC) 在聖誕節前夕強勢回歸，以驚人的速度突破 98,000 美元大關。

The world's leading digital asset encountered another day of price increase on Friday, as BTC/USD gained over 3% in a day. The surge was largely driven by strong spot buying pressure and institutional accumulation.

全球領先的數位資產週五又迎來了價格上漲，BTC/美元單日漲幅超過 3%。飆升主要是由強勁的現貨購買壓力和機構積累所推動的。

Japanese investment company Metaplanet Inc. further exhibited the institutional interest in the asset class, with a recent purchase of 619.7 Bitcoin for nearly $58.9 million.

日本投資公司 Metaplanet Inc. 進一步展現了機構對該資產類別的興趣，最近以近 5,890 萬美元購買了 619.7 比特幣。

The latest surge saw BTC/USD reach local highs of $98,020 on Bitstamp, triggering around $40 million in short liquidations over 24 hours. Trading data showed significant order book volume from large spot buyers, indicating strong institutional demand despite the recent market volatility.

最近一次飆升，BTC/美元在 Bitstamp 上觸及 98,020 美元的局部高點，在 24 小時內引發了約 4000 萬美元的空頭清算。交易數據顯示，儘管近期市場波動，但大型現貨買家的訂單量依然強勁，顯示機構需求強勁。

The recovery comes as key players continue their aggressive accumulation strategy. Leading corporate Bitcoin holder MicroStrategy unveiled plans to expand its bold “21/21 Plan” with a new shareholder resolution.

隨著關鍵參與者繼續採取激進的累積策略，經濟復甦到來。領先的比特幣持有企業 MicroStrategy 公佈了通過一項新的股東決議擴大其大膽的「21/21 計畫」的計畫。

The company aims to substantially increase its authorized share count, potentially enabling billions of dollars in additional Bitcoin purchases. Currently, MicroStrategy holds about 444,260 BTC, acquired at an average price of $62,257 per coin.

該公司的目標是大幅增加其授權股票數量，從而有可能額外購買數十億美元的比特幣。目前，MicroStrategy 持有約 444,260 BTC，平均價格為每枚 62,257 美元。

Technical analysts, however, remained skeptical about the sustainability of the rally. To confirm a positive trend reversal, Bitcoin needs to reclaim lost support levels, according to popular analyst Rekt Capital.

然而，技術分析師仍對漲勢的可持續性持懷疑態度。著名分析師 Rekt Capital 表示，為了確認積極的趨勢逆轉，比特幣需要奪回失去的支撐位。

The price action of the bitcoin has been particularly volatile following the Federal Reserve's recent hawkish statements on interest rates.

在聯準會最近對利率發表強硬聲明後，比特幣的價格走勢尤其波動。

On-chain data also painted a potentially alarming picture. The average Bitcoin transaction size over the past two days exceeded $306,100 — the highest in nearly two years, suggesting increased selling pressure from whale investors. This metric, combined with the current market structure, hinted at further downside risk.

鏈上數據也描繪了一幅可能令人擔憂的畫面。過去兩天的平均比特幣交易規模超過 306,100 美元，為近兩年來的最高水平，顯示鯨魚投資者的拋售壓力加大。這項指標與當前的市場結構相結合，暗示存在進一步的下行風險。

Technical analysis points to immediate support for Bitcoin at $90,500; should present levels fail to hold, the next major level is at $88,000. On the upside, resistance lies at $99,426 and could move to $108,353 if positive momentum resumes.

技術分析指出，比特幣立即支撐在 90,500 美元；如果目前的水平未能守住，下一個主要水準將是 88,000 美元。上檔方面，阻力位為 99,426 美元，如果積極勢頭恢復，阻力位可能會升至 108,353 美元。

Market observers remained divided on Bitcoin's short-term outlook. While institutional buying provided a fundamental support, the combination of macro factors and whale selling activity could introduce further volatility as we approach the end of the year.

市場觀察家對比特幣的短期前景仍有分歧。雖然機構買盤提供了基本面支撐，但隨著年底的臨近，宏觀因素和鯨魚拋售活動的結合可能會帶來進一步的波動。