比特币的上升收集了新的动力

比特币的上升在星期二聚集了新的势头，收取了94,000美元的收入，并将收益延长至26％

Bitcoin’s price rose sharply on Tuesday, breaking above the $94,000 mark and extending the gains since April 9 to 26%. The rally was sparked by three interlocking forces: geopolitics, strategic balance-sheet demand, and resurgent exchange-traded-fund flows.

比特币的价格在星期二急剧上涨，从4月9日以来的收益超过了94,000美元，并延长了收益。这次集会是由三个互锁力量激发的：地缘政治，战略平衡表需求和复兴的交易所交易基金流量。

Why Is Bitcoin Up Today?

为什么比特币今天起床？

The first spark came from Washington, where US President Donald Trump signaled a partial détente in his long-running tariff dispute with Beijing. Speaking at the White House, Trump declared that duties on Chinese imports “will come down substantially, but it won’t be zero,” and insisted he would “be very nice to China” so long as both sides reach a deal.

第一个火花来自华盛顿，美国总统唐纳德·特朗普（Donald Trump）在他与北京的长期关税纠纷中表示了部分détente。特朗普在白宫发表讲话时宣布，中国进口的职责“将大大降低，但不会为零”，并坚持认为，只要双方达成协议，他就会“对中国非常好”。

Macro economist Alex Krüger distilled the president’s remarks in a widely circulated X post, noting that Trump had “just ticked most de-escalation / bullish boxes.” Among the verbatim phrases Krüger highlighted were: “Tariff on China will not be as high as 145%,” “It’ll come down substantially,” and, when asked whether he would “play hardball,” the president’s succinct “No.”

宏观经济学家亚历山大·克鲁格（Alexkrüger）在广泛流传的X帖子中提炼了总统的言论，并指出特朗普“只是勾勒出大多数降级 /看涨盒子”。克鲁格（Krüger）强调的逐字短语中有：“中国的关税不会高达145％，”“它将大幅下降”，当被问及他是否会“打硬球”时，总统的简洁“否。”

Equity indices responded immediately, but Bitcoin’s move was more dramatic, underscoring the market’s sensitivity to macro uncertainty—and to any sign that the Federal Reserve’s path could tilt more dovish should trade frictions ebb.

股权指数立即做出了反应，但比特币的举动更加戏剧化，强调了市场对宏观不确定性的敏感性，并且对于美联储的道路可能会倾向于贸易摩擦的任何迹象表明，任何迹象表明。

While geopolitics set the tone, a second catalyst arrived from Wall Street: the prospect of a multibillion-dollar balance-sheet bid for Bitcoin spearheaded by the next generation of the Lutnick family. According to the Financial Times, Brandon Lutnick—the newly installed chair of Cantor Fitzgerald and son of Commerce Secretary Howard Lutnick—is forming “Cantor Equity Partners” in concert with SoftBank, Tether, and Bitfinex.

尽管地缘政治定为基调，但第二次催化剂从华尔街到达：卢特尼克一家人率领比特币的数十亿美元的平衡表竞标的前景。根据《金融时报》的报道，布兰登·卢特尼克（Brandon Lutnick）是康托尔·菲茨杰拉德（Cantor Fitzgerald）的新任主席，也是商务秘书霍华德·卢特尼克（Howard Lutnick）的儿子，正在与软银，绳索和比特·菲恩（Bitfinex）共同组成“ Cantor Equity Partners”。

The consortium plans to seed a new entity, 21 Capital, with approximately $3 billion in Bitcoin. Tether intends to contribute $1.5 billion worth of the asset, SoftBank about $900 million, and Bitfinex roughly $600 million, the report said, adding that the numbers could still change before a formal announcement expected in the coming weeks.

该财团计划播种一个新实体21资本，比特币约30亿美元。该报告称，Tether打算捐款15亿美元的资产，软银约9亿美元，而Bitfinex约6亿美元，并补充说，在未来几周预计的正式公告之前，这些数字仍可能发生变化。

On X, Texas Bitcoin Foundation board member Tuur Demeester summarized the implications.

在X上，德克萨斯州比特币基金会董事会成员图尔·德米斯特（Tuur Demeester）总结了这些含义。

This announcement could explain why bitcoin is up 12% in the past week.

该公告可以解释为什么比特币在过去一周中增长12％。

The third leg of support arrived from the US spot Bitcoin ETF market, where inflows swung decisively back into positive territory. Data compiled across issuers shows aggregate net inflows of $911.2 million on Tuesday—the most forceful daily total since January 17, when pre-inauguration optimism around Trump’s “crypto president” rhetoric produced $975.6 million.

第三阶段的支持来自美国现货比特币ETF市场，那里的流入果断地回到了积极的领域。整个发行人汇编的数据显示，周二的总净流入量为9.112亿美元，这是自1月17日以来最有力的每日总数，当时就会上市前对特朗普的“加密货币总统”言论的乐观态度产生了9.756亿美元。

Fidelity’s FBTC absorbed $253.8 million, Ark Invest’s ARKB attracted $267.1 million, and BlackRock’s market-leading IBIT added $192.1 million, while the smaller Grayscale Bitcoin Trust (GBTC) reversed weeks of redemptions with a $65.1 million intake.

Fidelity的FBTC吸收了2.538亿美元，ARK Invest的ARKB吸引了2.671亿美元，而BlackRock的市场领先的IBIT则增加了1.921亿美元，而较小的灰度比特币信托（GBTC）则以6510万美元的招生逆转了几周的危险。

The turnaround began Monday, when the cohort drew $381 million—ending a multi-week stretch dominated by outflows—and gathered pace as Bitcoin cleared the $90,000 threshold. The two-day, $1.29 billion surge signals a material revival of institutional appetite.

转机开始于周一，当时该队列的3.81亿美元（以流出为主导的多周延伸），随着比特币清除了90,000美元的门槛。为期两天的，12.9亿美元的涌现，标志着机构食欲的重大复兴。

At press time, BTC traded at $94,212.

发稿时，BTC的交易价格为94,212美元。