随着比特币重获动力，牛市创下历史新高

随着比特币创下历史新高，多头再次获得动力。加密货币飙升至先前的高点预示着潜在的上涨趋势，市场密切关注比特币是否恢复强劲并达到新的高度。分析师正在密切关注 CME 缺口，这表明比特币未来轨迹的前景乐观。

Will Bulls Charge Higher as Bitcoin Approaches All-Time Highs?

随着比特币接近历史高点，多头会收取更高的费用吗？

Bitcoin (BTC) is poised to end March within striking distance of its previous all-time highs. After a tumultuous week marked by sharp declines, the cryptocurrency is exhibiting renewed vigor. Can bulls regain momentum and drive prices to new heights?

比特币（BTC）有望在三月底触及之前的历史高点。在经历了急剧下跌的动荡一周之后，加密货币正在展现出新的活力。多头能否重获动力并将价格推至新高？

CME Gap Points to Upside Potential

CME 缺口指向上涨潜力

Over the weekend, Bitcoin bulls notched a significant victory. BTC/USD closed the week just shy of $67,200, erasing the majority of recent losses. Analyst Mark Cullen has identified a gap in CME futures that could indicate a further upside move.

周末，比特币多头取得了重大胜利。 BTC/美元本周收盘略低于 67,200 美元，抹去了近期的大部分跌幅。分析师马克·卡伦（Mark Cullen）发现芝商所期货存在缺口，这可能预示着进一步的上涨。

However, traders remain cautious. Technical indicators, such as the Relative Strength Index (RSI), suggest that Bitcoin may be overbought. A close above $69,100 would be necessary for bulls to regain the upper hand.

不过，贸易商仍保持谨慎态度。相对强弱指数（RSI）等技术指标表明比特币可能已超买。收盘价必须高于 69,100 美元，多头才能重新占据上风。

ETF Hopes Resurface

ETF希望重新浮现

The performance of spot Bitcoin exchange-traded funds (ETFs) in the United States has been closely watched. After experiencing five consecutive days of net negative flows, commentators hope for a return to positive inflows.

美国现货比特币交易所交易基金（ETF）的表现一直受到密切关注。在经历了连续五天的净负流入之后，评论人士希望能够恢复正流入。

Quinn Thompson, head of capital markets at Maple Finance, believes that new buyers are entering the market despite outflows from Grayscale Bitcoin Trust (GBTC). Thomas Fahrer, CEO of Apollo, has linked the recent price resilience to cooling GBTC outflows.

Maple Finance 资本市场主管 Quinn Thompson 认为，尽管灰度比特币信托（GBTC）资金流出，但新买家正在进入市场。 Apollo 首席执行官 Thomas Fahrer 将近期的价格弹性与 GBTC 资金外流降温联系起来。

PCE Index and US Spending Package

PCE指数和美国支出计划

This week, the Personal Consumption Expenditures (PCE) Index will take center stage in US macro data releases. The PCE is the Federal Reserve's preferred inflation measure, and it follows last week's decision to maintain interest rates.

本周，个人消费支出（PCE）指数将成为美国宏观数据发布的焦点。 PCE是美联储首选的通胀指标，它是在上周决定维持利率不变之后制定的。

Fed Chair Jerome Powell will speak again this week, potentially reinforcing expectations of rate cuts later in the year. Meanwhile, a $1.2 trillion US spending package could provide a tailwind for risk assets, including Bitcoin.

美联储主席鲍威尔本周将再次发表讲话，这可能会强化今年晚些时候降息的预期。与此同时，美国 1.2 万亿美元的支出计划可能会为包括比特币在内的风险资产带来推动力。

Mining Difficulty Maintains Highs

挖矿难度维持高位

Despite recent price volatility, Bitcoin network fundamentals remain strong. Mining difficulty is expected to hold steady at its automated readjustment this week, hovering near all-time highs. Hash rate has also reached record levels.

尽管最近价格波动，比特币网络基本面仍然强劲。预计本周挖矿难度将在自动调整中保持稳定，徘徊在历史高位附近。哈希率也达到了创纪录的水平。

Investor Mike Alfred predicts a major correction in global hashrate post-halving, as miners adjust to the reduced subsidy. However, he anticipates super profits for miners with new equipment.

投资者迈克·阿尔弗雷德 (Mike Alfred) 预测，随着矿商适应补贴减少，全球算力将在减半后出现重大调整。然而，他预计拥有新设备的矿工将获得超额利润。

Mainstream Interest Wanes

主流兴趣减弱

While crypto market sentiment remains greedy, mainstream interest in Bitcoin appears to be fading. Google Trends data shows that search intensity for "Bitcoin" has declined after a modest spike during the recent price rally.

尽管加密货币市场情绪仍然贪婪，但主流对比特币的兴趣似乎正在消退。谷歌趋势数据显示，“比特币”的搜索强度在最近价格上涨期间小幅上涨后有所下降。

The Crypto Fear & Greed Index lingers just below the "extreme greed" zone, suggesting that market participants are still bullish but wary of excessive exuberance.

加密货币恐惧与贪婪指数徘徊在“极度贪婪”区域下方，表明市场参与者仍然看涨，但对过度繁荣持谨慎态度。

Bitcoin vs. Traditional Markets

比特币与传统市场

Statistician Willy Woo draws a sharp distinction between Bitcoin and traditional financial markets. In bear markets, TradFi experiences steep declines and panic, while in Bitcoin bull markets, FOMO drives prices higher.

统计学家 Willy Woo 对比特币和传统金融市场进行了鲜明的区分。在熊市中，TradFi 会经历急剧下跌和恐慌，而在比特币牛市中，FOMO 会推高价格。

Despite the recent pullback, Woo believes that the power of the Bitcoin bull market should not be underestimated.

尽管最近出现回调，Woo 认为比特币牛市的力量不应被低估。