CryptoQuant：2025 年比特币 (BTC) 的目标价格范围可能在 145,000 美元至 249,000 美元之间

根据 CryptoQuant 最新的每周报告，2025 年比特币 (BTC) 的目标价格范围可能在 145,000 美元至 249,000 美元之间。

Bitcoin (BTC) price could reach “at least” $145,000 in 2025, thanks to fresh capital inflows and favorable crypto regulations, according to the latest weekly report by CryptoQuant.

根据 CryptoQuant 最新的每周报告，由于新的资本流入和有利的加密货币法规，比特币 (BTC) 的价格到 2025 年可能“至少”达到 145,000 美元。

The report highlights that Bitcoin’s realized market capitalization, which represents the total USD value of each BTC at the last point it moved on-chain, has a more-than-proportional effect on the digital asset’s market value and price.

该报告强调，比特币的已实现市值（代表每个比特币在链上最后一点的美元总价值）对数字资产的市场价值和价格具有超比例的影响。

If the market follows historical patterns, then the $520 billion in fresh capital inflows to BTC could become a reality. This fresh capital injection could push BTC price to anywhere between $145,000 to $249,000, since the expansion in BTC’s realized capitalization has a more-than-proportional effect on the digital asset’s market value and price.

如果市场遵循历史模式，那么 5200 亿美元的新资本流入 BTC 可能成为现实。此次新的资本注入可能会将 BTC 价格推至 145,000 美元至 249,000 美元之间，因为 BTC 已实现资本的扩张对数字资产的市场价值和价格产生超比例影响。

The report adds that institutional investors, particularly addresses holding between 100 and 1,000 BTC, are contributing the most to the market’s capital inflows. These addresses largely represent institutional-grade custodial services and exchange-traded funds (ETFs).

该报告补充说，机构投资者，特别是持有 100 至 1,000 BTC 的机构投资者，对市场资本流入的贡献最大。这些地址主要代表机构级托管服务和交易所交易基金（ETF）。

Notably, institutional participants increased their Bitcoin holdings by $127 billion in 2024, reflecting robust confidence in the cryptocurrency’s long-term potential. Additionally, the final year of Bitcoin’s four-year cycle is often associated with significant price surges for the asset.

值得注意的是，机构参与者在 2024 年将比特币持有量增加了 1270 亿美元，反映出对加密货币长期潜力的坚定信心。此外，比特币四年周期的最后一年通常与该资产的价格大幅上涨有关。

All Eyes On US Federal Reserve

所有人的目光都集中在美联储

While many crypto analysts and market commentators maintain an optimistic outlook for Bitcoin in 2025, some express caution regarding the potential impact of the US Federal Reserve’s (Fed) delayed interest rate cuts amid inflation concerns and subdued retail investor participation.

尽管许多加密货币分析师和市场评论员对 2025 年比特币的前景保持乐观，但一些人对美联储 (Fed) 由于通胀担忧和散户投资者参与度低而推迟降息的潜在影响表示谨慎。

For instance, a recent report by 10x Research noted that delayed interest rate cuts by the Fed could dampen BTC’s bullish momentum. Further, data from CME FedWatch indicates a 97.3% probability that the Fed will leave the rates untouched during the Federal Open Market Committee meeting later this month.

例如，10x Research 最近的一份报告指出，美联储推迟降息可能会抑制 BTC 的看涨势头。此外，CME FedWatch 的数据显示，美联储在本月晚些时候的联邦公开市场委员会会议上维持利率不变的可能性为 97.3%。

That said, asset manager Sygnum posits that BTC is likely to face demand shocks as more institutional investors embrace the emerging asset. At press time, BTC trades at $99,309, up 2.9% in the past 24 hours.

尽管如此，资产管理公司 Sygnum 认为，随着越来越多的机构投资者接受这种新兴资产，比特币可能会面临需求冲击。截至发稿，BTC 交易价格为 99,309 美元，过去 24 小时上涨 2.9%。