在利息积累和供应下降的情况下，比特币飞速上涨

在即将到来的减半预期中，随着投资者积累比特币，比特币价格飙升预示着看涨势头。机构需求和交易所供应下降表明潜在的超级周期。比特币相对于传统市场的优异表现以及即将到来的美国大选增加了看涨情绪，而技术分析表明，比特币正在形成一个上升三角形，旨在创下历史新高。

Bitcoin Poised for Bullish Surge as Accumulation Intensifies, Supply Dwindles

随着积累加剧，供应减少，比特币有望上涨

In a testament to the unwavering enthusiasm within the cryptocurrency community, Bitcoin (BTC) has exhibited a bullish resurgence, signaling a continuation of its upward trajectory. Having established a robust support level of approximately $65.5k in recent days, BTC briefly breached the $69k threshold on Thursday. While it has since stabilized around $67k during the early London session on Friday, the flagship digital asset is steadily forming a bullish pennant in anticipation of the eagerly awaited halving event later this month.

比特币（BTC）表现出看涨复苏，表明其上升轨迹仍在继续，这证明了加密货币社区的坚定热情。 BTC 最近几天建立了约 6.55 万美元的强劲支撑位，周四短暂突破了 6.9 万美元的门槛。尽管此后在周五伦敦早盘期间它已稳定在 6.7 万美元左右，但由于预计本月晚些时候将迎来期待已久的减半事件，这一旗舰数字资产正在稳步形成看涨三角旗。

This bullish outlook is bolstered by the surging demand from institutional investors, fueled by the regulatory approval of several spot Bitcoin ETFs earlier this year. Many experts are convinced that a super cycle is imminent, characterized by an extended period of exceptional growth.

今年早些时候监管机构批准了几只现货比特币 ETF，推动了机构投资者需求的激增，支撑了这种看涨前景。许多专家相信，一个超级周期即将到来，其特点是长期的超常增长。

Dwindling Bitcoin Supply on Crypto Exchanges: A Bullish Indicator

加密货币交易所的比特币供应减少：看涨指标

On-chain data analysis conducted by CryptoQuant reveals a remarkable decline in Bitcoin supply on centralized exchanges. Over the past month alone, there has been a reduction of more than 90,700 BTC. Strikingly, the supply of Bitcoin on centralized exchanges is now less than two million, despite the notable rise in leveraged trading.

CryptoQuant 进行的链上数据分析显示，中心化交易所的比特币供应量显着下降。仅过去一个月，BTC 就减少了超过 90,700 个。引人注目的是，尽管杠杆交易显着增加，但中心化交易所上的比特币供应量目前还不足 200 万个。

This divergence in Bitcoin supply on exchanges has escalated exponentially since early last year, indicating a clear advantage for the bulls. However, Glassnode has reported a notable increase in the transfer of Bitcoins from long-term holders to short-term traders on crypto exchanges. These short-term traders have added around 1.121 million BTC to their holdings, acquired from long-term investors.

自去年初以来，交易所的比特币供应差异呈指数级上升，这表明多头具有明显的优势。然而，Glassnode 报告称，在加密货币交易所，比特币从长期持有者向短期交易者的转移显着增加。这些短期交易者增加了从长期投资者手中购买的约 112.1 万比特币。

"Following a historical tightness in supply, the divergence between long and short-term holder supply has started closing," noted Glassnode analysts. "As prices rise and unrealized profits held by investors increase, it tempts long-term holders to part with their holdings."

Glassnode 分析师指出：“在供应历史性紧张之后，长期和短期持有者供应之间的差距已经开始缩小。” “随着价格上涨和投资者持有的未实现利润增加，它会诱使长期持有者放弃所持股份。”

The significant decline in Bitcoin supply on exchanges aligns with the heightened demand from institutional investors through the recently approved spot BTC ETFs. However, the daily Bitcoin outflows from Grayscale's GBTC, expected to conclude in July, have exerted a notable dampening effect on bullish sentiment.

交易所比特币供应量的大幅下降与机构投资者通过最近批准的现货 BTC ETF 的需求增加相一致。然而，预计将于 7 月结束的 Grayscale GBTC 每日比特币流出，对看涨情绪产生了显着的抑制作用。

Macroeconomic Factors Auguring Well for Bitcoin

宏观经济因素对比特币有利

In recent quarters, Bitcoin has outperformed both traditional stock indexes and precious metals, despite experiencing a temporary setback in the past few weeks. The anticipated interest rate cuts later this year have further fueled the Bitcoin bullish sentiment, as investors seek refuge from the short-term uncertainty surrounding inflation.

尽管在过去几周经历了暂时的挫折，但最近几个季度，比特币的表现仍然优于传统股指和贵金属。由于投资者寻求躲避围绕通胀的短期不确定性，预计今年晚些时候的降息进一步加剧了比特币的看涨情绪。

Additionally, the United States is gearing up for its presidential elections later this year, where the crypto-friendly sentiment of the electorate could play a pivotal role in shaping the outcome.

此外，美国正在为今年晚些时候的总统选举做准备，选民对加密货币的友好情绪可能在塑造结果方面发挥关键作用。

Midterm Price Expectations: A New All-Time High on the Horizon

中期价格预期：历史新高即将到来

From a technical standpoint, Bitcoin is poised to reach a new all-time high in the near term. According to several analysts, the flagship coin has been forming an ascending triangle on the weekly time frame, following Thursday's bullish rebound.

从技术角度来看，比特币有望在短期内创下历史新高。几位分析师表示，继周四的看涨反弹之后，旗舰代币在每周时间框架内一直形成上升三角形。

"Bitcoin has formed an ascending triangle on top of weekly support," tweeted Jelle (@CryptoJelleNL), a respected crypto analyst. "Break out, and we're looking at a target of $82,000."

一位受人尊敬的加密货币分析师 Jelle (@CryptoJelleNL) 在推特上写道：“比特币在每周支撑位之上形成了一个上升三角形。” “突破后，我们的目标是 82,000 美元。”

However, Bitcoin's dominance has been signaling a short-term reversal, having encountered significant resistance around 54 percent. Consequently, the altcoin industry could witness a fresh rally before the anticipated parabolic bull run of Bitcoin takes hold.

然而，比特币的主导地位已经发出短期逆转的信号，在 54% 左右遇到了重大阻力。因此，在比特币预期的抛物线牛市形成之前，山寨币行业可能会见证新的反弹。