特朗普获胜后，比特币（BTC）继续创造历史并突破ATH

比特币（BTC）继续创造历史。业界最重要的加密货币再次突破所有限制，达到新的 ATH 75,358 美元

Bitcoin (BTC) has reached a new all-time high (ATH) of $75,358, as confirmed by CoinGeko data, following the confirmation of Trum’s victory in the U.S. presidential election.

CoinGeko 数据证实，在特鲁姆在美国总统大选中获胜后，比特币 (BTC) 已达到 75,358 美元的历史新高 (ATH)。

The previous ATH was recorded on March 14, 2024, when Bitcoin reached $73,737.94. At the time, a little over two months had passed since the launch of Bitcoin ETFs in the United States. These financial products were highly anticipated by institutional investors, and their arrival brought a massive capital inflow into BTC and the crypto market.

上一次 ATH 记录于 2024 年 3 月 14 日，当时比特币达到 73,737.94 美元。当时，距离比特币 ETF 在美国推出已经过去了两个多月。这些金融产品受到了机构投资者的高度期待，它们的到来给比特币和加密货币市场带来了大量资金流入。

Another key factor in understanding the bull run was the halving, a phenomenon that occurs roughly every four years. In each halving, the reward received by BTC miners is cut in half. This leads to a decrease in the available BTC supply, and with demand skyrocketing, the conditions are set for sharp price increases.

理解牛市的另一个关键因素是减半，这种现象大约每四年发生一次。每次减半，BTC矿工获得的奖励都会减少一半。这导致可用的比特币供应量减少，而随着需求的飙升，为价格大幅上涨创造了条件。

Although BTC ETFs began trading on January 11 of that year, Bitcoin initially experienced a steep drop, falling from around $47,000 to below $40,000. However, in early February, BTC began to rise rapidly. By February 4, its price was around $42,500. By March 4, it had reached $68,000, and after a brief and slight correction, it reached its all-time high.

尽管BTC ETF于当年1月11日开始交易，但比特币最初经历了大幅下跌，从47,000美元左右跌至40,000美元以下。然而，2月初，BTC开始快速上涨。截至 2 月 4 日，其价格约为 42,500 美元。到3月4日，它已经达到了68,000美元，经过短暂的小幅调整后，达到了历史新高。

Decisive Factors

决定性因素

The new ATH is attributed to a combination of geopolitical, economic, and financial factors. Firstly, Donald Trump’s victory in the U.S. presidential election has increased the demand for Bitcoin as a safe haven asset, as the new president has shown recent support for Bitcoin and the crypto market in general.

新的ATH是地缘政治、经济和金融因素综合作用的结果。首先，唐纳德·特朗普在美国总统大选中的胜利增加了对比特币作为避险资产的需求，因为新总统最近表现出了对比特币和整个加密货币市场的支持。

Moreover, open interest in Bitcoin futures and options reached record levels, surpassing $41.7 billion. There was a significant buildup in leveraged exposure from investors expecting an additional rally in BTC’s price. The accumulation of BTC call options, expiring in late December and striking at $80,000, shows a clear positioning, anticipating not only Bitcoin’s price surpassing its ATH but continuing to rise in the medium term.

此外，比特币期货和期权的未平仓合约达到创纪录水平，超过 417 亿美元。投资者预计比特币价格将进一步上涨，杠杆敞口大幅增加。 BTC 看涨期权的积累于 12 月底到期，价格达到 80,000 美元，显示出明确的定位，预计比特币的价格不仅会超过其 ATH，而且会在中期继续上涨。

How High Can Bitcoin Go?

比特币能涨到多高？

Analysts project that, following this new ATH, Bitcoin could continue its ascent, driven by institutional interest and speculation around U.S. politics. The increasing demand for options with strike prices at $80,000 strongly suggests that the market anticipates a potential rise to that level by year-end.

分析师预测，在出现新的 ATH 之后，在机构利益和围绕美国政治的投机活动的推动下，比特币可能会继续上涨。对执行价格为 80,000 美元的期权的需求不断增加，强烈表明市场预计到年底可能会升至该水平。

This projection is supported not only by speculative interest but also by the typical bullish seasonality of Q4 in halving years, which has historically shown positive returns with a median of 31.34%. However, the price trend will be heavily influenced by geopolitical and economic stability, factors that could introduce short-term volatility but that ultimately consolidate a positive scenario for Bitcoin in the long term.

这一预测不仅受到投机兴趣的支持，还受到减半年第四季度典型的看涨季节性的支持，历史上显示出正回报，中位数为 31.34%。然而，价格趋势将受到地缘政治和经济稳定性的严重影响，这些因素可能会带来短期波动，但最终会巩固比特币的长期积极前景。