美联储的RRP下降可能会将比特币价格提高到新的高度

美联储的反向回购协议（RRP）或反向回购设施在1,387天内达到了最低水平，这表明流动性流动方向的潜在转移。

Bitcoin’s price has shown little sign of breaking above the $100,000 mark for nearly two months now. Currently trading at $96,920, the leading cryptocurrency notes a 7% decrease in value over the past week.

比特币的价格几乎没有迹象表明，现在将近两个月的价格超过了100,000美元的大关。目前，领先的加密货币的交易价格为96,920美元，在过去一周中的价值下降了7％。

However, recent developments in the macro scene suggest that this trend may soon be reversing.

但是，宏观场景中的最新发展表明，这种趋势可能很快就会逆转。

Fed’s RRP Drop Could Push Bitcoin Prices to New Heights

美联储的RRP下降可能会将比特币价格提高到新的高度

The Federal Reserve’s Reverse Repurchase Agreement (RRP) facility has hit its lowest level in 1,387 days, signaling a potential shift in liquidity flow direction.

美联储的反向回购协议（RRP）设施在1,387天内达到了最低水平，这表明流动性流动方向的潜在转移。

The US Federal Reserve uses the RRP to manage short-term liquidity in the financial system. It allows financial institutions—such as money market funds and banks—to deposit excess cash with the Fed overnight.

美国美联储使用RRP来管理金融体系中的短期流动性。它允许金融机构（例如货币市场基金和银行）在一夜之间向美联储存入多余的现金。

In return, the Fed provides these institutions with Treasury securities. This helps the regulator control short-term interest rates and manage the money circulating in the financial system. The Fed devised this method to absorb excess liquidity when there is too much cash in the market.

作为回报，美联储为这些机构提供了国库券。这有助于监管机构控制短期利率并管理金融系统中流传的资金。美联储设计了这种方法来吸收过多的流动性，当时市场中的现金过多。

When the RRP balance drops like this, it indicates that traditional financial service providers are moving away from using the Fed’s facility for excess liquidity storage. It could mean that these institutions might be putting their money into other riskier assets, such as cryptocurrencies.

当RRP余额像这样下降时，它表明传统的金融服务提供商正在使用美联储的设施进行过多的流动性存储。这可能意味着这些机构可能会将他们的资金投入其他风险更高的资产，例如加密货币。

This could drive prices higher as demand for crypto assets increases due to the availability of more cash in the system. With more liquidity flowing into the market, Bitcoin stands to benefit as institutional investors and traders seek alternative stores of value.

由于系统中有更多现金的可用性，因此对加密资产的需求增加可能会推动价格上涨。随着流动性流入市场，比特币将受益于机构投资者和贸易商寻求替代价值存储。

Bitcoin Traders Remain Resolute

比特币交易者保持坚决

Despite Bitcoin’s recent headwinds, traders remain bullish on the coin. For instance, BTC’s weighted sentiment is positive at press time, indicating that the market is still optimistic about a near-term price rebound.

尽管比特币最近受到逆风，但贸易商仍然看好硬币。例如，BTC的加权情绪在发稿时是积极的，这表明市场对近期价格反弹仍然乐观。

An asset’s weighted sentiment measures its overall positive or negative bias, considering both the volume of social media mentions and the sentiment expressed in those mentions. When it is positive, it is a bullish signal, as investors are increasingly optimistic about the asset’s near-term outlook.

考虑到社交媒体提及的数量和这些提及的情绪，资产的加权情绪衡量了其整体正面或负面偏见。当它是积极的时，它是一个看涨的信号，因为投资者对资产的近期前景越来越乐观。

Moreover, BTC’s funding rate across its derivative markets is also positive, bolstering this bullish outlook. At press time, this stands at 0.0088%.

此外，BTC在其衍生品市场中的融资率也很积极，从而增强了这种看涨的前景。发稿时，这为0.0088％。

The funding rate is a periodic payment made between traders in futures markets, specifically for perpetual contracts, to ensure the contract’s price aligns with the underlying asset’s price. When it is positive, traders in long (buying) positions pay those in short (selling) positions. This indicates more demand for long positions and suggests a bullish market sentiment.

资金率是期货市场中的交易者之间的定期付款，特别是用于永久合同，以确保合同的价格与基本资产的价格保持一致。当它是积极的时，交易者长期以来（购买）职位支付了那些短（卖出）职位的交易者。这表明对长期职位的需求更多，并暗示了看涨的市场情绪。

BTC Price Prediction: A Break Above $100K Could Trigger Next Bull Run

BTC价格预测：超过$ 10万美元的休息可能会触发下一个公牛运行

A potential surge in liquidity inflow into the crypto market would mean more capital for traders and investors to increase their BTC holdings.

流动性流入加密市场的潜在激增将意味着贸易商和投资者增加其BTC持有量的资金。

If the coin sees a resurgence in demand due to this, its price could break above the crucial $100,000 resistance and attempt to revisit its all-time high of $109,356.

如果硬币看到由于此需求的重新出现，其价格可能会超过至关重要的100,000美元阻力，并试图重新审视其历史最高高点109,356美元。

On the other hand, if buying activity weakens further, Bitcoin’s price could extend its decline and fall to $92,325.

另一方面，如果购买活动进一步削弱，比特币的价格可能会降低，并降至92,325美元。