如果比特币要重写历史记录怎么办？

尽管股票市场在自由秋季中暴跌，而黄金在上一张光芒之后停了下来，但第一个加密货币自豪地占据了高位。

Stock markets may be plummeting in a dramatic free fall, and gold took a pause after its last stellar performance, but the first cryptocurrency is holding its head high. It's no longer clinging to the wheel of its elders; it's galloping ahead in a phenomenon that some already describe as the great decoupling. A new era where Bitcoin is not following anyone, not even gold. And in the distance, like a star in the sky of financial imagination: $100,000. Analyst fantasy? Leap of faith? Or simply the logical continuation of a scenario already written ...

股票市场可能会在戏剧性的自由跌倒中暴跌，黄金在上一次出色的表现后停了下来，但第一次加密货币的头部高高。它不再紧贴长老的轮子。在某些人已经将其描述为伟大的脱钩的现象中，它正在奔腾。一个新时代，比特币没有跟随任何人，甚至没有黄金。在远处，就像财务想象的天空中的一颗星星：100,000美元。分析师幻想？信仰飞跃？或仅仅是已经编写的场景的逻辑延续...

Decoupling in progress: Bitcoin detaches from classic benchmarks

正在进行的解耦：比特币与经典基准分离

The scenario could have looked like a remake of 2020: a shocking announcement from the White House, panic in the markets, massive sell-off of risky assets. And yet ... Bitcoin held strong.

这种情况似乎看起来像是2020年的翻拍：白宫的令人震惊的宣布，市场上的恐慌，大量销售了风险的资产。然而……比特币保持强大。

While American stock markets were down 10.65% and gold, despite a historic peak of $3,167, fell by 4.8%, BTC rose by 4.5%, once again crossing the mark of $84,700.

尽管美国股票市场下跌了10.65％和黄金，尽管历史上的高峰为3,167美元，但下降了4.8％，但BTC上升了4.5％，再次超过84,700美元。

On X, James Seyffart is astonished:

在X上，詹姆斯·塞夫特（James Seyffart）感到惊讶：

I am really a bit shocked by Bitcoin's resilience. I never envisaged it holding above $80,000 in such a massive sell-off of risky assets ... Even gold is in negative territory?

我真的对比特币的弹性感到有些震惊。我从来没有设想过它在如此巨大的风险资产中卖出80,000美元以上……甚至黄金都在负面的领土上？

The same sentiment is shared by Crypto Rover, who exclaims:

加密罗佛（Crypto Rover）共享了同样的观点，他大声疾呼：

American stocks are crashing. Gold is crashing. Bitcoin is rising. An incredible force!

美国股票正在崩溃。黄金正在崩溃。比特币正在上升。令人难以置信的力量！

This is where enters an old couple from the financial world: gold and Bitcoin. The famous "gold leads, Bitcoin follows," a theory that has returned like an obsessive refrain among analysts.

这是进入金融界的一对老夫妇的地方：黄金和比特币。著名的“黄金铅，比特币遵循”，这种理论像分析师之间的痴迷一样回来了。

What if history were to repeat itself? In 2019 already, gold rose by 15% ... before the Bitcoin price exploded by +170%.

如果历史要重复该怎么办？在2019年，黄金已经上升了15％...在比特币价格爆发 +170％之前。

This time, some, like MacroScope, see in a return to 100K "a strong signal that a new long-term movement is underway." A passing of the torch. A rite of passage.

这次，有些人，例如宏观镜，请参见回到100k的“强烈信号，表明正在进行新的长期运动正在进行中”。火炬传递。通过仪式。

The $100,000 in sight — between graphic hopes and macro threats

售价100,000美元 - 图形希望与宏观威胁之间

The mythical barrier of $100,000 is no longer just a shiny number that dazzles in the dreams of maximalists. It's a milestone, a signal. For some, crossing it would mark the beginning of a new long-term cycle, a cycle where Bitcoin definitively emancipates itself from its status as an alternative asset to become ... an obvious choice.

100,000美元的神话障碍不再只是一个闪亮的数字，它在最大化主义者的梦想中眼花azz乱。这是一个里程碑，一个信号。对于某些人来说，越过它将标志着一个新的长期周期的开始，一个周期，比特币明确地从其作为替代资产的地位中解放出来，成为一个明显的选择。

But beware of the sirens. The BTC/XAU ratio, which measures Bitcoin's strength against gold, shows a bearish fractal, identical to the one that preceded a massive drop in 2021. If the scenario repeats itself, a correction towards $65,000, even $20,000, is not excluded. Yes, even in this golden dream, the ground can shift beneath our feet.

但是要当心警报器。测量比特币对黄金的强度的BTC/XAU比率显示出看跌的分形，与2021年大量下降之前的分形相同。如果这种情况重复出现，则不排除在65,000美元（甚至20,000美元）上的校正，甚至不排除。是的，即使在这个黄金梦中，地面也可以在我们的脚下移动。

And as if that weren't enough, the economic horizon remains turbulent: the Fed curbs enthusiasm, pushes back hopes for rate cuts, while Donald Trump raises the threat of a global trade war.

好像这还不够，经济视野仍然是动荡的：美联储的热情遏制了人们对削减税率的希望，而唐纳德·特朗普（Donald Trump）则引起了全球贸易战的威胁。

So, dream or reality, is this threshold of $100,000? One thing is certain: Bitcoin is in the process of inventing its own grammar. It writes its score against the clock. And while indexes stumble, precious metals hesitate, it carves its path towards the unknown, altitude, audacity. For Arthur Hayes, this rising tension orchestrated by Trump could well become the very essence of a new bull market: "the tariffs will propel gold and Bitcoin to new highs." The best may still be to come.

那么，梦或现实，这个门槛是100,000美元吗？可以肯定的是：比特币正在发明自己的语法。它在时钟上写得分。尽管索引偶然发现，但贵金属却犹豫了，但它却刻画了通往未知，高度，大胆的道路。对于亚瑟·海斯（Arthur Hayes）来说，特朗普策划的这种不断上升的紧张局势很可能成为一个新的牛市的本质：“关税将推动黄金和比特币的新高点。”最好的可能仍然是来。