比特币续刷新高冲破11.8万！推手竟然是它？

Core Viewpoint - Bitcoin has reached a historical high of $118,000 per coin, driven by strong institutional demand, retail investor influx, and favorable policies from the Trump administration towards cryptocurrencies [1][3]. Group 1: Institutional and Retail Demand - Institutional investors are significantly accumulating Bitcoin, absorbing supply and consuming liquidity from exchanges [3]. - Retail investors, previously cautious, have also joined the trend, contributing to Bitcoin's price stability above the psychological threshold of $100,000 [4]. Group 2: Options Market and Price Predictions - Options traders are targeting higher price ranges, with open interest in call options concentrated around strike prices of $115,000 and $120,000, extending to $140,000 and $150,000 for longer-dated options [3]. - A recent short squeeze, with approximately $447 million in positions liquidated, indicates an overly crowded bearish stance, which could lead to further price increases [3]. Group 3: Regulatory Environment and Corporate Involvement - The Trump administration's recent actions, including an executive order to establish a cryptocurrency strategic reserve and the appointment of pro-crypto officials, are seen as catalysts for a more favorable regulatory environment [3]. - Trump's family business is also entering the crypto space, seeking to launch an ETF that will invest in various cryptocurrencies, including Bitcoin [4]. Group 4: Supply Dynamics - Long-term holders of Bitcoin are showing reluctance to sell, leading to a supply squeeze as their accumulation outpaces the monthly issuance of new coins [4]. - The combined balance growth of long-term holders and new retail investors is currently at a rate of +19,300 Bitcoin per month, exceeding the monthly issuance of +13,400 Bitcoin [4].