Odaily星球日报讯 比特币价格正在接近 10 万美元，但 Bitwise 欧洲研究主管 André Dragosch 警告，美元走强可能对比特币进一步上涨构成阻力。他指出，历史数据显示，比特币在美元升值期间表现通常较弱，而美元升值也往往意味着全球流动性收紧，可能对比特币短期走势产生不利影响。 此外，日本央行（BoJ）可能在 12 月提高利率的预期也引发市场担忧。分析认为，日元加息预期可能导致“日元套利交易”平仓压力，从而对包括比特币在内的风险资产带来波动。近期东京消费价格指数的上涨进一步支持了这一观点，日本央行行长植田和男表示，日本经济正向薪资驱动的持续性通胀迈进。（TheBlock）

Odaily星球日报讯 比特币价格正在接近 10 万美元，但 Bitwise 欧洲研究主管 André Dragosch 警告，美元走强可能对比特币进一步上涨构成阻力。他指出，历史数据显示，比特币在美元升值期间表现通常较弱，而美元升值也往往意味着全球流动性收紧，可能对比特币短期走势产生不利影响。此外，日本央行（BoJ）可能在 12 月提高利率的预期也引发市场担忧。分析认为，日元加息预期可能导致“日元套利交易”平仓压力，从而对包括比特币在内的风险资产带来波动。近期东京消费价格指数的上涨进一步支持了这一观点，日本央行行长植田和男表示，日本经济正向薪资驱动的持续性通胀迈进。（TheBlock）

Bitwise分析师：美元走强或阻碍比特币突破10万美元

Odaily Planet Daily Report: Bitcoin price is approaching $100,000, but Bitwise's Head of European Research André Dragosch warns that the strengthening of the US dollar may pose resistance to further Bitcoin price increase. He pointed out that historical data shows that Bitcoin usually performs weaker during periods of US dollar appreciation, and US dollar appreciation often means tightening global liquidity, which may have an adverse impact on the short-term trend of Bitcoin. In addition, the market is also concerned about the expectation that the Bank of Japan (BoJ) may raise interest rates in December. The analysis believes that the expectation of a yen rate hike may lead to the unwinding pressure of the "yen carry trade", thereby causing volatility in risk assets including <Bit>coin. The recent rise in the Tokyo consumer price index further supports this view, and Bank of Japan Governor Haruhiko Kuroda said that the Japanese economy is moving towards a wage-driven, sustained inflation. (<TheBlock>)

Odaily Planet Daily Report: Bitcoin price is approaching $100,000, but Bitwise's Head of European Research, André Dragosch, warns that the strengthening of the US dollar may pose resistance to further Bitcoin price increase. He pointed out that historical data shows that Bitcoin usually performs weaker during periods of US dollar appreciation, and US dollar appreciation often means tightening global liquidity, which may have an adverse impact on the short-term trend of Bitcoin. In addition, the market is also concerned about the expectation that the Bank of Japan (BoJ) may raise interest rates in December. The analysis believes that the expectation of a rate hike in the Japanese yen may lead to the pressure of unwinding the "yen carry trade", thereby causing volatility in risk assets including <Bit>coin. The recent rise in the Tokyo consumer price index further supports this view, and Bank of Japan Governor Haruhiko Kuroda has stated that the Japanese economy is moving towards a wage-driven, sustained inflation. (<TheBlock>)

Bitwise analyst: A stronger dollar may prevent Bitcoin from breaking through $100,000

This article will explore whether the current BTC consolidation is bullish or bearish for <Altcoin> through historical data, market indicators, and mainstream views.

Bitcoin stopped at $99,588. Will the siphon effect cause the altcoins to bleed?

Odaily Planet Daily Report: Bitcoin's valuation indicators suggest that the bull market is far from over and may lay the foundation for further upside. Analysts predict that the current potential target for this cycle is $146,000, as there are no signs of overvaluation typically seen at price peaks. According to a report by research firm <CryptoQuant> on November 27, the value of holdings by new Bitcoin holders is still lagging behind the previous cycle's level. Currently, the share of holdings by new investors is slightly above 50%, while in previous market peaks, such as 2017 and 2021, this ratio exceeded 90% and 80% respectively. This may be due to a slowdown in retail buying of Bitcoin in recent weeks. According to the analysis, an increase in retail activity is typically a "hallmark of a market cycle topping out." Since October, retail investors have reduced their holdings by 41,000 BTC, while large investors have significantly increased their holdings by 130,000 BTC. The report states that "previous bull market cycles ended when retail investors were actively buying, but that is not the case now." This shift suggests a potential change in market dynamics, with institutions and large participants driving the accumulation phase.

Report: The bull market is far from over, Bitcoin is expected to rise to $146,000 in this cycle

Odaily Planet Daily Report: Mark Palmer, a senior analyst at investment bank The Benchmark Company, pointed out that in the past three halving events, Bitcoin has seen "significant upward movement" in the following 14-16 months, proving the impact of supply and demand changes on the price of cryptocurrencies. The price of Bitcoin may also be supported by a more crypto-friendly environment, as investors expect that Trump's second term could help drive up cryptocurrency prices. Traders are anticipating that the so-called "Cryptocurrency President" will relax regulations and may even establish a Bitcoin strategic reserve, which he proposed a few months before the election. It is reported that Trump is also interviewing candidates for a White House position specifically focused on cryptocurrency policy, and the winner may be given the title of the first-ever "Cryptocurrency Czar". Mark Palmer believes that this role itself is beneficial for Bitcoin. He said: "The mere fact that someone will be focused on making the United States a leader in areas like cryptocurrencies and Bitcoin mining is a huge change."