比特币（BTC）显示出意外的力量，因为全球市场来自美国关税不确定性

随着全球市场的关税不确定性，比特币表现出意外的实力。

As global markets are reeling from the U.S. tariff uncertainty, Bitcoin (BTC) has shown unexpected strength. The recent tariff drama began when Donald Trump announced a 10% base import tax on April 2, only to backtrack a few days later. This policy flip-flop sent shockwaves through traditional financial markets, causing stocks and bonds to swing unpredictably. However, in stark contrast, Bitcoin remained relatively calm, capturing the attention of institutional investors and traders.

随着全球市场因美国关税不确定性而引起，比特币（BTC）表现出意外的实力。最近的关税戏剧始于唐纳德·特朗普（Donald Trump）于4月2日宣布10％的基本进口税，直到几天后回溯。这项政策触发器通过传统的金融市场造成冲击波，导致股票和债券不可预测。但是，与之形成鲜明对比的是，比特币保持相对平静，引起了机构投资者和商人的关注。

Crypto Markets Unmoved While Wall Street Wobbles

加密市场不为所动，而华尔街摇摆不定

While stocks plunged and bonds tumbled, the crypto space didn’t flinch. According to Greg Cipolaro from NYDIG, crypto markets have handled the recent turmoil far better than traditional assets.

当股票跌落并债券倒塌时，加密货币空间并没有退缩。根据NYDIG的Greg Cipolaro的说法，加密货币市场的处理方式远胜于传统资产。

In a note released on April 11, Cipolaro highlighted that Bitcoin’s volatility stayed “relatively stable” despite a 22.5% drop from January highs. He noted that liquidations in crypto were significantly lower than during past major events, indicating more maturity in the market.

在4月11日发布的一份票据中，Cipolaro强调了比特币的波动性保持“相对稳定”，尽管从一月份的高点下降了22.5％。他指出，加密货币的清算大大低于过去的重大事件，表明市场上的成熟度更高。

Tether (USDT), the largest stablecoin, briefly dipped below $1 but didn’t spiral, further adding to the perception of crypto resilience. Cipolaro emphasized that risk-focused investment funds, such as risk parity funds, are beginning to look seriously at Bitcoin. These funds could potentially help reduce volatility in the long run, creating a cycle of increased institutional adoption and growing stability.

Tether（USDT）是最大的Stablecoin，短暂下跌低于1美元，但没有螺旋式，进一步增加了对加密富0弹性的看法。 Cipolaro强调，以风险为中心的投资基金（例如风险平价基金）开始认真对待比特币。从长远来看，这些资金可能有助于减少波动，从而创造出增加机构采用和稳定性增长的循环。

Traders Eye $100K BTC With Bullish Bets

贸易商眼睛$ 10万美元的BTC带有看涨的赌注

One of the biggest signs of bullish sentiment is emerging in the crypto derivatives market. On Deribit, a leading crypto options platform, traders have shown a growing appetite for a dramatic Bitcoin rally.

看涨情绪的最大迹象之一是在加密衍生品市场中出现。在领先的加密选择平台Deribit上，交易者对戏剧性比特币集会的胃口不断增长。

The $100K call option—meaning traders are betting Bitcoin will reach that price—has seen open interest soar to $1.2 billion, making it the most popular option on the platform, according to data from Amberdata.

根据Amberdata的数据，这笔10万美元的呼叫选项（责任交易者都在投注比特币将达到这一价格 - 已将开放兴趣飙升至12亿美元，这使其成为该平台上最受欢迎的选择。

Deribit reported that last week’s market chaos pushed many traders to abandon bearish puts in favor of bullish calls. Puts in the $75K–$78K range were sold off, while calls between $85K and $100K were picked up aggressively. This movement helped normalize the options skew, a metric that had previously reflected bearish sentiment.

DeRibit报道说，上周的市场混乱使许多交易者放弃看跌的投票，以支持看涨的电话。售价为75k至78K $ 78K的价格被售出，而$ 85,000至10万美元之间的电话被积极地捡起。这一运动有助于使选项偏斜归一化，这是以前反映看跌情感的指标。

Analysts Split: Safe Haven or Warning Signs?

分析师分裂：避风港或警告信号？

The debate over Bitcoin’s next move remains active. Cipolaro and others see growing confidence in Bitcoin’s value as an asset detached from sovereign risk. This perception could be fueling the calm behavior during market panic.

关于比特币的下一步行动的辩论仍然活跃。 Cipolaro和其他人认为对比特币价值的信心越来越有信心，因为资产与主权风险分离。这种看法可能会助长市场恐慌期间的平静行为。

However, not all analysts are convinced. Ruslan Lienkha, Chief of Markets at YouHodler, pointed out that technical indicators show a potential “death cross” forming—a bearish signal that could indicate more downside risk if macroeconomic conditions don’t improve.

但是，并非所有分析师都相信。 YouHodler市场负责人Ruslan Lienkha指出，技术指标表现出潜在的“死亡十字架”形成 - 如果宏观经济状况无法改善，则可能表明可能会表明更多的下行风险。

Lienkha advises caution, suggesting that Bitcoin’s calm could be temporary if broader economic indicators deteriorate further.

Lienkha建议谨慎行事，表明如果更广泛的经济指标进一步恶化，比特币的平静可能是暂时的。