儘管最近遇到了挫折和重大拋售，使比特幣達到了三個月的低點

儘管最近的挫折和重大的拋售使比特幣達到了三個月的低點，但標準特許在BTC市場的預測上保持了強烈的看漲地位。

Standard Chartered remains bullish on Bitcoin despite recent setbacks and a significant selloff that brought BTC to a three-month low.

儘管最近的挫折和重大的拋售使BTC達到了三個月的低點，但標準特許仍然對比特幣看漲。

According to the bank’s digital assets research head, Geoffrey Kendrick, Bitcoin could reach $500,000 by the end of Donald Trump’s presidency. Additionally, BTC price might hit $200K by the end of 2025.

根據銀行數字資產研究負責人杰弗裡·肯德里克（Geoffrey Kendrick）的說法，到唐納德·特朗普（Donald Trump）總統任期結束時，比特幣可能達到500,000美元。此外，到2025年底，BTC價格可能達到200萬美元。

Bitcoin Still Bullish Despite Hitting New Low

比特幣仍然看好新低

As President Donald Trump’s administration brings high volatility for risk assets in its first month, it could ultimately benefit Bitcoin.

由於唐納德·特朗普（Donald Trump）總統在第一個月為風險資產帶來了高波動性，因此最終可能會使比特幣受益。

At least that’s the prediction from Standard Chartered, which sees the price of BTC reaching $200,000 by this year. By the time President Trump’s second term comes to an end, the cryptocurrency could surge to $500,000.

至少這是《標準憲章》的預測，這是今年BTC的價格達到了200,000美元。到特朗普總統的第二任期結束時，加密貨幣可能會增加到50萬美元。

This surge will be driven by increased institutional adoption and the possibilities of clearer regulations, according to Kendrick, who spoke in an interview with CNBC.

肯德里克（Kendrick）在接受CNBC採訪時發表講話的肯德里克（Kendrick）表示，這一激增將由機構採用和更清晰的法規的可能性驅動。

The crypto ecosystem would benefit from the involvement of traditional financial institutions like Standard Chartered, BlackRock, and others who manage ETFs, as their participation is crucial, he remarked.

他說，加密生態系統將受益於傳統金融機構（如標準特許，貝萊德和其他管理ETF的人）的參與，因為他們的參與至關重要。

As the industry grows more institutionalized, it should become safer and likely attract fewer negative headlines, such as the recent $1.5 billion hack at the cryptocurrency exchange Bybit last week.

隨著行業越來越大的製度化，它應該變得更安全，可能會吸引更少的負面標題，例如最近在加密貨幣交易所近期在上週在加密貨幣交易所的15億美元黑客攻擊。

He also noted that the rising adoption of cryptocurrencies by institutions, along with some regulatory clarity in the U.S., is expected to gradually reduce market volatility over time.

他還指出，機構對加密貨幣的採用不斷上升，以及美國的某些監管清晰度，預計隨著時間的推移將逐漸降低市場波動。

Earlier this week, Bitcoin dropped to a three-month low, falling below $90,000 amidst declines in global equity markets, as per CoinGecko data.

本週早些時候，根據Coingecko數據，在全球股票市場中，比特幣跌至3個月以下，低於90,000美元。

On Thursday, the Bitcoin price made it to a trading value of $82,256, marking a roughly 20% decrease from its January peak.

週四，比特幣價格達到了82,256美元的交易價值，比1月份的峰值下降了約20％。

Kendrick noted that crypto market has broadly declined due to uncertainties surrounding tariffs and the resolution of significant conflicts like those in Russia-Ukraine and Israel-Gaza.

肯德里克（Kendrick）指出，由於圍繞關稅的不確定性以及像俄羅斯 - 烏克蘭和以色列 - 加沙之類的嚴重衝突的解決方案，加密貨幣市場已經大大下降。

Bitcoin’s Outlook Remains Strong Despite Correction

儘管進行了糾正，但比特幣的前景仍然很強

Bitcoin recently dipped below $82,000, hitting a three-month low in response to broader market declines.

比特幣最近下跌低於82,000美元，響應更廣泛的市場下降而達到了三個月的低點。

The market uncertainty is evident in Bitcoin’s Short-Term Holder Spent Output Profit Ratio (STH-SOPR), which hovers near the critical 1.0 breakeven level. Breaking above this threshold historically signals bullish momentum, while failure could trigger another wave of selling, according to a report from Glassnode.

在比特幣的短期持有人支出利潤率（STH-SOPR）中，市場不確定性很明顯，該產品懸停在關鍵的1.0盈虧平衡水平上。根據GlassNode的一份報告，在歷史上突破了這個閾值，這表明了看漲的動力，而失敗可能會引發另一波銷售浪潮。

The STH-SOPR ratio, ranging from 0.98 to 1.04, closely followed Bitcoin’s price movements. Recently, it indicated that short-term holders are uncertain, affecting whether Bitcoin reaches new highs or faces further declines.

STH-SOPR比率從0.98到1.04，緊隨比特幣的價格變動。最近，這表明短期持有人不確定，影響比特幣是否達到新的高點或面孔進一步下降。

However, Julien Bittel, a Global Macro Investor, described Bitcoin’s recent price drop as a “normal occurrence in bull markets,” particularly after the substantial price surge that followed the US presidential election.

但是，全球宏觀投資者朱利安·比特爾（Julien Bittel）將比特幣最近的價格下跌視為“牛市的正常情況”，尤其是在美國總統大選之後的巨額價格上漲之後。

With Bitcoin trading at a lower price, it presents an attractive opportunity for whales and institutions to buy more during this dip. As buying interest increases, the price of BTC could experience a robust recovery, potentially initiating another bull run in the upcoming weeks.

隨著比特幣以較低的價格交易，它為鯨魚和機構提供了一個有吸引力的機會，可以在此下降期間購買更多。隨著購買利息的增加，BTC的價格可能會經歷強勁的恢復，可能在接下來的幾週內發起另一次公牛。