比特币（BTC）市场显示出重新活力，推向94,000美元

加密货币市场最近显示出重新发挥的活力，比特币将其推向94,000美元。

The cryptocurrency market displayed renewed vigor recently, with Bitcoin pushing towards $94,000, although the rally encountered some friction Wednesday following cautious remarks from US Treasury Secretary Scott Bessent regarding the timeline for a US-China trade deal.

加密货币市场最近表现出了新的活力，比特币朝94,000美元推向了94,000美元，尽管在美国财政部长Scott Bessent对美国 - 中国贸易交易的时间表的谨慎言论之后，周三拉力赛遇到了一些摩擦。

Despite this, strong institutional inflows and a potential divergence from traditional risk assets are fueling speculation about Bitcoin’s next major move.

尽管如此，大量的机构流入和与传统风险资产的潜在差异促使人们人们对比特币的下一个重大行动进行了猜测。

Bitcoin (BTC) rose 2.6% over 24 hours and 12.2% over seven days, reaching levels last seen in early March, trading at around $93,600.

比特币（BTC）在24小时内增长了2.6％，在7天内增长了12.2％，在3月初出现的水平达到了93,600美元左右。

As Bitcoin led the way, broader crypto strength was evident. The CoinDesk 20 index, which tracks top digital assets (excluding stablecoins, memecoins, and exchange tokens), advanced 4.2% over 24 hours.

随着比特币领导的路，更广泛的加密强度显而易见。 Coindesk 20指数在24小时内跟踪顶级数字资产（不包括Stablecoins，Memecoins和Exchange代币）4.2％。

Altcoins like Sui (SUI) saw an impressive 24% gain, while Cardano (ADA) and Chainlink (LINK) also moved up around 7%.

SUI（SUI）之类的AltCoins获得了令人印象深刻的24％增长，而Cardano（ADA）和Chainlink（Link）也增加了7％的增长。

Crypto-related equities, after a strong start, saw gains moderate throughout the day. Mining firms Bitdeer (BTDR) and Core Scientific (CORZ) pared back double-digit advances to close up roughly 4%, while Coinbase (COIN) and MicroStrategy (MSTR) finished with gains of 2.1% and 1.4%, respectively.

与加密相关的股票进行了强劲的开端后，整天的增长中等。采矿公司比特（BTDR）和核心科学（CORZ）削减了两位数的进步，大约关闭了4％，而Coinbase（Coin）和MicroStrategy（MSTR）分别以2.1％和1.4％的收入达到了增长。

The backdrop for this rally included seemingly conflicting signals on the trade front. Earlier in the week, President Donald Trump suggested tariffs on China would “come down substantially” post-deal.

这次集会的背景包括在贸易方面看似矛盾的信号。在本周早些时候，唐纳德·特朗普总统建议对中国的关税“大幅下降”后交易。

However, Secretary Bessent tempered expectations on Wednesday, stating no unilateral offer to cut tariffs had been made and predicting a full resolution would likely take “two to three years to achieve.”

但是，秘书在周三的临时脾气暴躁的期望中表示，没有提出单方面的削减关税提议，预测全面决议可能需要“两到三年才能实现”。

Decoupling debate: Bitcoin mirrors gold amid uncertainty?

脱钩辩论：不确定性的比特币反映了金色？

This persistent trade uncertainty, paradoxically, might be contributing to Bitcoin’s strength relative to traditional markets. Some analysts believe the market may be moving past the initial shock of tariff threats.

矛盾的是，这种持续的贸易不确定性可能导致比特币相对于传统市场的实力。一些分析师认为，市场可能会超越关税威胁的最初冲击。

“Markets priced in the initial tough stances and tariff threats, which kept a lid on risk appetite over the past two months,” Paul Howard, director at crypto trading firm Wincent, told CoinDesk.

加密货币贸易公司Wincent的董事保罗·霍华德（Paul Howard）告诉Coindesk：“市场以最初的艰难立场和关税威胁的价格定价，这在过去两个月中保持了风险胃口。”

“History suggests that once the opening volleys pass, more constructive developments and easing volatility typically follow,” he added, suggesting this environment could ultimately support risk assets like crypto.

他补充说：“历史表明，一旦开放量瓦尔利斯通过，通常会更具建设性的发展和放松的波动性。”

The narrative of Bitcoin acting as “digital gold” – a hedge against macroeconomic uncertainty and potential currency debasement – appears to be gaining traction.

比特币充当“数字黄金”的叙述 - 对宏观经济不确定性和潜在的货币贬值的对冲 - 似乎正在引起关注。

Institutional conviction: ETF flows surge past $1 billion this week

机构定罪：ETF流量激增本周超过10亿美元

Underscoring the renewed interest, particularly from larger players, has been the significant turnaround in flows for US-listed spot Bitcoin ETFs.

强调了新的兴趣，尤其是来自较大球员的兴趣，一直是美国上市比特币ETF的重要转变。

According to SoSoValue data, these funds have attracted nearly $1.3 billion in net inflows over the past four days, marking their strongest daily inflow on Tuesday since mid-January.

根据Sosovalue数据，这些资金在过去四天中吸引了近13亿美元的净流入，这标志着自1月中旬以来周二的每日流入最强。

“This [crypto] rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime,” asserted Matt Mena, crypto research strategist at digital asset manager 21Shares.

数字资产经理21Shares的加密研究策略师Matt Mena表示：“这种[加密]集会不是零售驱动的炒作，它的机构资本定位比许多人认为是新的货币和政治制度。”

“More investors are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets.”

“越来越多的投资者不仅将其作为投机性资产，而且是在传统市场不确定性上升的情况下飞往安全的。”

Gold pauses, bitcoin poised? Historical patterns eyed

暂停金，比特币准备好了吗？历史模式注视着

Adding another layer to the bullish case is the recent performance of traditional gold.

在看涨案件中增加了另一层是传统黄金的最新表现。

After a remarkable run that saw it surge 35% over four months to breach $3,500 per ounce, gold prices pulled back Wednesday, down roughly 2.5%.

经过四个月的出色表现，它在四个月内激增了35％，违反了每盎司3,500美元的违反，金价在周三撤回，下降了约2.5％。

Some analysts interpret this stalling action in gold, following its massive rally, as potentially bullish for Bitcoin.

一些分析师在大规模集会之后将这种停滞的行动解释为对比特币的看涨。

Charles Edwards, founder of Capriole Investments, highlighted this dynamic. Posting a chart on X (formerly Twitter), he noted that historically, Bitcoin’s major upward moves have often followed significant gold rallies, albeit with a lag of a few months.

Capriole Investments的创始人查尔斯·爱德华兹（Charles Edwards）强调了这种动态。他在X（以前称为Twitter）上发布了图表，他指出，从历史上看，比特币的主要向上动作经常跟随大量的金色集会，尽管滞后了几个月。

“Bitcoin is showing significant strength,” Edwards stated.

爱德华兹说：“比特币表现出明显的力量。”

“We have decoupled from risk assets and the market is now starting to front-run the fact that bitcoin is digital gold. If risk assets were to decay further from here, BTC is the ultimate QE hedge.”

“我们已经脱离了风险资产，现在市场开始迈出了比特币是数字黄金的事实。如果风险资产从这里进一步衰减，BTC是终极的量化宽松对冲。”

Eyes on $95K: resistance looms despite bullish momentum

$ 95K的眼睛：尽管看涨势头

Despite the strong price action and positive indicators, technical hurdles remain.

尽管价格有很强的行动和积极的指标，但仍有技术障碍。

Matt Mena from 21Shares cautioned that Bitcoin faces near-term resistance at the critical $95,000 level. He suggested a potential pullback could occur from this zone.

来自21shares的Matt Mena警告说，比特币面对近期抵抗的$ 95,000水平。他建议可能从该区域发生潜在的回调。

Successfully clearing $95,000 is seen by many traders as key to unlocking further significant upside potential.

许多交易者将成功清算95,000美元视为释放进一步的重大上升潜力的关键。

The combination of renewed institutional demand, the “digital gold” narrative gaining traction as traditional gold stalls, and supportive historical patterns suggests Bitcoin may be gearing up for its next major leg higher, with the $95,000 level serving as the immediate gateway.

更新的机构需求，“数字黄金”的叙述作为传统的黄金摊位获得了吸引力，以及支持性的历史模式表明，比特币可能正在为下一个主要的腿部较高而准备，而95,000美元的水平将作为即时的门户。