{"id":77215,"date":"2026-05-05T08:58:21","date_gmt":"2026-05-05T01:58:21","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-turns-risk-on-as-stocks-hit-new-highs-and-miner-profits-rise-is-85k-btc-next\/"},"modified":"2026-05-05T09:56:19","modified_gmt":"2026-05-05T02:56:19","slug":"bitcoin-turns-risk-on-as-stocks-hit-new-highs-and-miner-profits-rise-is-85k-btc-next","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitcoin-turns-risk-on-as-stocks-hit-new-highs-and-miner-profits-rise-is-85k-btc-next\/","title":{"rendered":"Bitcoin chuy\u1ec3n sang tr\u1ea1ng th\u00e1i \u201crisk-on\u201d khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u1eadp \u0111\u1ec9nh m\u1edbi v\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c th\u1ee3 \u0111\u00e0o t\u0103ng l\u00ean: Li\u1ec7u BTC $85K c\u00f3 ph\u1ea3i l\u00e0 m\u1ee5c ti\u00eau ti\u1ebfp theo?"},"content":{"rendered":"<h3>\u0110i\u1ec3m ch\u00ednh:<\/h3>\n<ul>\n<li>L\u1ee3i nhu\u1eadn t\u1eeb ho\u1ea1t \u0111\u1ed9ng khai th\u00e1c Bitcoin \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n c\u00f9ng v\u1edbi d\u00f2ng v\u1ed1n ETF kh\u1ed5ng l\u1ed3 \u0111\u00e3 gi\u00fap xoa d\u1ecbu lo ng\u1ea1i c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 r\u1eb1ng \u00e1p l\u1ef1c b\u00e1n t\u1eeb th\u1ee3 \u0111\u00e0o c\u00f3 th\u1ec3 k\u00ecm h\u00e3m gi\u00e1 BTC.<\/li>\n<li>Bitcoin dominance \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 7\/2025, cho th\u1ea5y d\u00f2ng ti\u1ec1n \u0111ang d\u1ecbch chuy\u1ec3n kh\u1ecfi c\u00e1c nh\u00f3m altcoin y\u1ebfu sang Bitcoin.<\/li>\n<\/ul>\n<p>Bitcoin (BTC) \u0111\u00e3 t\u0103ng v\u1ecdt l\u00ean $80,000 l\u1ea7n \u0111\u1ea7u ti\u00ean trong ba th\u00e1ng v\u00e0o th\u1ee9 Hai, k\u00e9o theo $270 tri\u1ec7u l\u1ec7nh thanh l\u00fd t\u1eeb c\u00e1c v\u1ecb th\u1ebf futures short (b\u00e1n kh\u1ed1ng c\u00f3 \u0111\u00f2n b\u1ea9y). \u0110\u00e0 t\u0103ng n\u00e0y c\u1ee7a Bitcoin di\u1ec5n ra \u0111\u1ed3ng th\u1eddi v\u1edbi vi\u1ec7c c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 t\u0103ng l\u00ean m\u1ee9c \u0111\u1ec9nh l\u1ecbch s\u1eed, ph\u1ea3n \u00e1nh m\u00f4i tr\u01b0\u1eddng \u201crisk-on\u201d tr\u00ean to\u00e0n th\u1ecb tr\u01b0\u1eddng. Hi\u1ec7n t\u1ea1i, c\u00f3 ba ch\u1ec9 b\u00e1o ch\u00ednh \u0111ang cho th\u1ea5y BTC c\u00f3 th\u1ec3 c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng th\u00eam trong th\u1eddi gian t\u1edbi.<\/p>\n<figure><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/pasted-image-294.png?prefix=media%2Fcontent\" alt=\"\" width=\"896\" height=\"342\" \/><\/figure>\n<p><em>H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai Nasdaq 100 (tr\u00e1i) vs Bitcoin\/USD (ph\u1ea3i). Ngu\u1ed3n: TradingView<\/em><\/p>\n<p>Di\u1ec5n bi\u1ebfn gi\u00e1 Bitcoin duy tr\u00ec m\u1ee9c t\u01b0\u01a1ng quan ch\u1eb7t ch\u1ebd v\u1edbi ch\u1ec9 s\u1ed1 Nasdaq 100 thi\u00ean v\u1ec1 c\u00f4ng ngh\u1ec7. Tuy nhi\u00ean, trong khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 \u0111ang ti\u1ebfn g\u1ea7n m\u1ee9c \u0111\u1ec9nh l\u1ecbch s\u1eed, Bitcoin v\u1eabn \u0111ang th\u1ea5p h\u01a1n 36% so v\u1edbi \u0111\u1ec9nh $126,200 thi\u1ebft l\u1eadp v\u00e0o th\u00e1ng 10\/2025.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/pasted-image-295.png?prefix=media%2Fcontent\" alt=\"\" width=\"896\" height=\"330\" \/><\/figure>\n<p><em>Ch\u1ec9 s\u1ed1 Hashprice Bitcoin do Luxor cung c\u1ea5p, t\u00ednh b\u1eb1ng USD | Ngu\u1ed3n: HashrateIndex<\/em><\/p>\n<p>Kh\u1ea3 n\u0103ng sinh l\u1eddi c\u1ee7a th\u1ee3 \u0111\u00e0o Bitcoin c\u0169ng \u0111\u00e3 c\u1ea3i thi\u1ec7n. Doanh thu k\u1ef3 v\u1ecdng h\u00e0ng ng\u00e0y cho m\u1ed7i 1 petahash\/gi\u00e2y \u0111\u00e3 t\u0103ng l\u00ean $37, m\u1ee9c cao ch\u01b0a t\u1eebng \u0111\u01b0\u1ee3c ghi nh\u1eadn k\u1ec3 t\u1eeb ng\u00e0y 30\/01. S\u1ef1 thay \u0111\u1ed5i n\u00e0y mang t\u00ednh quan tr\u1ecdng v\u00ec t\u1ed5ng hashrate c\u1ee7a m\u1ea1ng l\u01b0\u1edbi \u0111\u00e3 gi\u1ea3m 13% trong qu\u00fd v\u1eeba qua. C\u00e1c c\u00f4ng ty khai th\u00e1c Bitcoin ni\u00eam y\u1ebft l\u1edbn g\u1ea7n \u0111\u00e2y c\u0169ng \u0111\u00e3 thanh l\u00fd kho Bitcoin (treasury) \u0111\u1ec3 gi\u1ea3m n\u1ee3 v\u00e0 t\u00e0i tr\u1ee3 cho c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0o trung t\u00e2m d\u1eef li\u1ec7u AI.<\/p>\n<h3>Bitcoin miners, d\u00f2ng ti\u1ec1n ETF v\u00e0 nhu c\u1ea7u t\u1eeb th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn (options) \u0111ang h\u1ed7 tr\u1ee3 \u0111\u00e0 t\u0103ng c\u1ee7a BTC<\/h3>\n<p>Trong m\u1ed9t giai \u0111o\u1ea1n tr\u01b0\u1edbc \u0111\u00f3, gi\u1edbi trader lo ng\u1ea1i r\u1eb1ng s\u1ef1 s\u1ee5t gi\u1ea3m c\u00f4ng su\u1ea5t hash c\u1ee7a m\u1ea1ng l\u01b0\u1edbi c\u00f3 th\u1ec3 t\u1ea1o th\u00eam \u00e1p l\u1ef1c b\u00e1n. D\u1eef li\u1ec7u t\u1eeb BGometrics cho th\u1ea5y d\u1ef1 tr\u1eef c\u1ee7a th\u1ee3 \u0111\u00e0o \u0111\u00e3 gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t trong 10 n\u0103m, v\u00e0 v\u00e0o th\u1ee9 N\u0103m, Riot Platforms (RIOT US) x\u00e1c nh\u1eadn \u0111\u00e3 b\u00e1n $250 tri\u1ec7u Bitcoin trong qu\u00fd v\u1eeba qua. Tuy nhi\u00ean, s\u1ef1 gia t\u0103ng g\u1ea7n \u0111\u00e2y c\u1ee7a l\u1ee3i nhu\u1eadn khai th\u00e1c \u0111ang b\u1eaft \u0111\u1ea7u l\u00e0m gi\u1ea3m b\u1edbt c\u00e1c lo ng\u1ea1i mang t\u00ednh c\u1ea5u tr\u00fac n\u00e0y.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/pasted-image-296.png?prefix=media%2Fcontent\" alt=\"\" width=\"896\" height=\"347\" \/><\/figure>\n<p><em>Th\u1ecb ph\u1ea7n Bitcoin tr\u00ean th\u1ecb tr\u01b0\u1eddng, kh\u00f4ng bao g\u1ed3m stablecoin | Ngu\u1ed3n: TradingView \/ Cointelegraph<\/em><\/p>\n<p>Th\u1ecb ph\u1ea7n c\u1ee7a Bitcoin, khi lo\u1ea1i tr\u1eeb stablecoin, \u0111\u00e3 t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 7\/2025. Di\u1ec5n bi\u1ebfn n\u00e0y ph\u1ea3n \u00e1nh s\u1ef1 suy gi\u1ea3m nhu c\u1ea7u \u0111\u1ed1i v\u1edbi memecoin, token qu\u1ea3n tr\u1ecb v\u00e0 c\u00e1c \u1ee9ng d\u1ee5ng blockchain n\u00f3i chung. S\u1ef1 gi\u1ea3m quan t\u00e2m \u0111\u1ebfn c\u00e1c s\u00e0n giao d\u1ecbch phi t\u1eadp trung (DEX), c\u00f9ng v\u1edbi h\u00e0ng lo\u1ea1t v\u1ee5 hack trong c\u00e1c \u1ee9ng d\u1ee5ng t\u00e0i ch\u00ednh, c\u0169ng g\u00f3p ph\u1ea7n t\u1ea1o ra t\u00e2m l\u00fd ti\u00eau c\u1ef1c \u0111\u1ed1i v\u1edbi altcoin.<\/p>\n<p>T\u1ed5ng t\u00e0i s\u1ea3n qu\u1ea3n l\u00fd (AUM) c\u1ee7a c\u00e1c s\u1ea3n ph\u1ea9m ETF Bitcoin v\u00e0 Ether (ETH) \u0111\u00e3 \u0111\u1ea1t $147 t\u1ef7, theo b\u00e1o c\u00e1o ng\u00e0y 27\/4 t\u1eeb CoinShares. Trong khi \u0111\u00f3, c\u00e1c s\u1ea3n ph\u1ea9m t\u01b0\u01a1ng t\u1ef1 d\u00e0nh cho Solana v\u00e0 XRP v\u1eabn ch\u01b0a v\u01b0\u1ee3t qua m\u1ed1c $3 t\u1ef7 m\u1ed7i lo\u1ea1i. K\u1ef3 v\u1ecdng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 nhu c\u1ea7u t\u1ed5 ch\u1ee9c \u0111\u1ed1i v\u1edbi c\u00e1c altcoin l\u1edbn \u0111\u00e3 tr\u1edf n\u00ean qu\u00e1 cao, khi BTC v\u00e0 ETH hi\u1ec7n chi\u1ebfm t\u1edbi 95% to\u00e0n b\u1ed9 th\u1ecb tr\u01b0\u1eddng n\u00e0y.<\/p>\n<p><em><strong>B\u00ean li\u00ean quan: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-eyes-80k-support-flip-with-key-holder-cost-basis-in-focus\"><em>Bitcoin short-term cost basis approaches profitability, but $80K must flip to support first<\/em><\/a><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/pasted-image-297.png?prefix=media%2Fcontent\" alt=\"\" width=\"896\" height=\"349\" \/><\/figure>\n<p><em>Ph\u00ed quy\u1ec1n ch\u1ecdn Bitcoin tr\u00ean Deribit theo t\u1ef7 l\u1ec7 put-to-call, USD | Ngu\u1ed3n: Laevitas<\/em><\/p>\n<p>Nhu c\u1ea7u \u0111\u1ed1i v\u1edbi ph\u00ed quy\u1ec1n ch\u1ecdn call (mua) \u0111\u00e3 v\u01b0\u1ee3t nhu c\u1ea7u \u0111\u1ed1i v\u1edbi quy\u1ec1n ch\u1ecdn put (b\u00e1n) t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u00e0o th\u1ee9 Hai, cao h\u01a1n 24%. D\u1eef li\u1ec7u n\u00e0y \u0111\u00e1nh d\u1ea5u m\u1ed9t s\u1ef1 \u0111\u1ea3o chi\u1ec1u \u0111\u00e1ng ch\u00fa \u00fd so v\u1edbi cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc, khi ph\u00ed cho quy\u1ec1n ch\u1ecdn call th\u1ea5p h\u01a1n quy\u1ec1n ch\u1ecdn put kho\u1ea3ng 25%. M\u1eb7c d\u00f9 ch\u01b0a th\u1ec3 k\u1ebft lu\u1eadn r\u1eb1ng trader \u0111\u00e3 ho\u00e0n to\u00e0n chuy\u1ec3n sang tr\u1ea1ng th\u00e1i bullish, nh\u01b0ng lo ng\u1ea1i v\u1ec1 m\u1ed9t \u0111\u1ee3t gi\u1ea3m gi\u00e1 ngay l\u1eadp t\u1ee9c \u0111\u00e3 kh\u00f4ng c\u00f2n hi\u1ec7n h\u1eefu.<\/p>\n<p>D\u00f2ng ti\u1ec1n r\u00f2ng $630 tri\u1ec7u \u0111\u1ed5 v\u00e0o c\u00e1c qu\u1ef9 ETF Bitcoin spot ni\u00eam y\u1ebft t\u1ea1i M\u1ef9 v\u00e0o th\u1ee9 S\u00e1u tr\u01b0\u1edbc \u0111\u00f3 c\u0169ng \u0111\u01b0\u1ee3c xem l\u00e0 y\u1ebfu t\u1ed1 g\u00f3p ph\u1ea7n c\u1ea3i thi\u1ec7n t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng.<\/p>\n<p>D\u00f9 v\u1eabn duy tr\u00ec m\u1ee9c t\u01b0\u01a1ng quan cao v\u1edbi c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7, con \u0111\u01b0\u1eddng \u0111\u1ec3 Bitcoin h\u01b0\u1edbng t\u1edbi m\u1ed1c $85,000 v\u1eabn \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 h\u1ee3p l\u00fd, d\u1ef1a tr\u00ean s\u1ef1 c\u1ea3i thi\u1ec7n l\u1ee3i nhu\u1eadn khai th\u00e1c, m\u1ee9c \u0111\u1ed9 th\u1ed1ng tr\u1ecb so v\u1edbi altcoin v\u00e0 d\u1eef li\u1ec7u th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Bitcoin.<\/p>\n<p>B\u00e0i vi\u1ebft n\u00e0y \u0111\u01b0\u1ee3c s\u1ea3n xu\u1ea5t theo Ch\u00ednh s\u00e1ch bi\u00ean t\u1eadp c\u1ee7a Cointelegraph v\u00e0 ch\u1ec9 nh\u1eb1m m\u1ee5c \u0111\u00edch cung c\u1ea5p th\u00f4ng tin. N\u1ed9i dung kh\u00f4ng c\u1ea5u th\u00e0nh l\u1eddi khuy\u00ean hay khuy\u1ebfn ngh\u1ecb \u0111\u1ea7u t\u01b0. M\u1ecdi ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u t\u01b0 v\u00e0 giao d\u1ecbch \u0111\u1ec1u ti\u1ec1m \u1ea9n r\u1ee7i ro; ng\u01b0\u1eddi \u0111\u1ecdc n\u00ean t\u1ef1 nghi\u00ean c\u1ee9u \u0111\u1ed9c l\u1eadp.<\/p>","protected":false},"excerpt":{"rendered":"<p>\u0110i\u1ec3m ch\u00ednh: L\u1ee3i nhu\u1eadn t\u1eeb ho\u1ea1t \u0111\u1ed9ng khai th\u00e1c Bitcoin \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n c\u00f9ng v\u1edbi d\u00f2ng v\u1ed1n ETF kh\u1ed5ng l\u1ed3 [&hellip;]<\/p>","protected":false},"author":5,"featured_media":77219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-77215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/77215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=77215"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/77215\/revisions"}],"predecessor-version":[{"id":77499,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/77215\/revisions\/77499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/77219"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=77215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=77215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=77215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}