比特幣價格可能達到 10 萬美元的四個原因：CryptoQuant

CryptoQuant 在其最新的每週報告中透露，比特幣是全球市值最大的加密貨幣，儘管近期呈現正面勢頭，但其估值尚未被高估。

Bitcoin price has been on a tear over the past week, printing successive all-time highs in less than five days. While Donald Trump’s success at the United States elections might have kickstarted the recent rally, the growth of the premier cryptocurrency — and the general crypto market — seems to have developed a life of its own.

過去一周，比特幣價格一路飆升，在不到五天內連續創下歷史新高。儘管唐納德·川普在美國大選中的成功可能引發了最近的反彈，但主要加密貨幣以及整個加密市場的成長似乎已經發展出了自己的生命力。

The market has been left wondering where the next market top is, with some pundits and commentators believing that the BTC price rally has come to an end. However, a prominent on-chain analytics firm has come forward to say that the Bitcoin price still has room for some upside movement.

市場一直想知道下一個市場頂部在哪裡，一些專家和評論員認為 BTC 價格上漲已經結束。然而，一家著名的鏈上分析公司出面表示，比特幣價格仍有上漲空間。

Four Reasons Why $100,000 Is Possible For Bitcoin Price: CryptoQuant

比特幣價格可能達到 10 萬美元的四個原因：CryptoQuant

In its latest weekly report, CryptoQuant revealed that Bitcoin, the world’s largest cryptocurrency by market capitalization, is yet to be overvalued despite its recent positive momentum. According to the blockchain platform, the market leader could soon reach the highly-coveted price level of $100,000.

CryptoQuant 在其最新的每週報告中透露，比特幣是全球市值最大的加密貨幣，儘管近期勢頭強勁，但其估值尚未被高估。根據區塊鏈平台的說法，市場領導者可能很快就會達到令人垂涎的 10 萬美元的價格水平。

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Crucially, CryptoQuant noted that Bitcoin is not yet overvalued at the current price levels, as the MVRV metric is still outside the overvalued region. This ultimately means that the bullish price action is not yet overheated, and the Bitcoin price could still make a play for higher prices.

至關重要的是，CryptoQuant 指出，以當前的價格水平，比特幣尚未被高估，因為 MVRV 指標仍處於高估區域之外。這最終意味著看漲的價格走勢尚未過熱，比特幣價格仍可能走高。

Moreover, the Trader On-chain Realized max band is pointing to $100,000 as the next target for the Bitcoin price. According to CryptoQuant, the last time the max band reached its current level was in March 2024 when the premier cryptocurrency surpassed the $70,000 level for the first time.

此外，交易者鏈上已實現最大區間指出 100,000 美元是比特幣價格的下一個目標。據 CryptoQuant 稱，上一次最高區間達到當前水平是在 2024 年 3 月，當時主要的加密貨幣首次突破 70,000 美元的水平。

Another on-chain observation that supports the continuous Bitcoin price rally is the demand growth. CryptoQuant highlighted that investor demand in the United States has returned since the presidential election, with Coinbase Premium remaining positive in the past few days.

支持比特幣價格持續上漲的另一個鏈上觀察是需求成長。 CryptoQuant 強調，自總統大選以來，美國的投資者需求已經回升，過去幾天 Coinbase Premium 仍然保持樂觀。

Finally, crypto market liquidity has continued to increase over the past few weeks, as stablecoins make their onto exchanges. For context, more than $3.2 billion in USDT has flowed into exchanges since the US election, signaling the potential of a sustained Bitcoin price rally.

最後，隨著穩定幣進入交易所，加密市場的流動性在過去幾週持續增加。就背景而言，自美國大選以來，超過 32 億美元的 USDT 已流入交易所，這表明比特幣價格有持續上漲的潛力。

Tread With Caution

謹慎行事

Some selling action could follow the recent price rally, however. While some Bitcoin miners have started offloading their assets for profit, the blockchain firm also noted that the Bitcoin selling seen so far is still minor but could quickly increase.

不過，近期價格上漲後可能會出現一些拋售行動。雖然一些比特幣礦商已經開始拋售資產以獲取利潤，但該區塊鏈公司也指出，到目前為止，比特幣的拋售規模仍然很小，但可能會迅速增加。

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