Crypto Market Rallies, Bitcoin Hits All-Time High

加密货币市场反弹，比特币创历史新高

Over the past 24 hours, the cryptocurrency market cap has surged by 5%, driven predominantly by Bitcoin (BTC). As of November 6 during the early Asian session, BTC hovers close to $2.51 trillion. It has reached a new all-time high (ATH) of over $74.5k, representing an increase of 6.9% within the same period.

在过去 24 小时内，加密货币市值在比特币 (BTC) 的推动下飙升了 5%。截至 11 月 6 日亚洲早盘，BTC 徘徊在 2.51 万亿美元附近。其历史新高 (ATH) 超过 74,500 美元，同期增长 6.9%。

Dogecoin (DOGE), a prominent meme coin supported by Elon Musk, has led the gains among top altcoins. It has climbed over 16% in the past 24 hours, trading at 19 cents during the early Asian session on Wednesday.

狗狗币（DOGE）是埃隆·马斯克（Elon Musk）支持的著名模因币，在顶级山寨币中涨幅居前。该股在过去 24 小时内上涨了 16% 以上，周三亚洲早盘交易价格为 19 美分。

Amidst heightened crypto volatility, more than $258 million has been liquidated from the leveraged market, primarily involving short traders.

在加密货币波动性加剧的情况下，杠杆市场已清算超过 2.58 亿美元，其中主要涉及空头交易者。

Market Cautions and Predictions

市场警告和预测

Peter Schiff's Warning

彼得·希夫的警告

Peter Schiff, a well-known crypto critic, has cautioned traders about a potential short-term decline:

著名的加密货币评论家 Peter Schiff 警告交易员注意潜在的短期下跌：

• "The dollar is rising, while bonds and gold are selling off. Of the three, only bond traders have it right, but for the wrong reason. Harris would've been worse than Trump, but the real crash hasn't been averted," Schiff tweeted.

Market Outlook from Polymarlet and Ali Martinez

“美元正在上涨，而债券和黄金正在抛售。在这三者中，只有债券交易员是正确的，但原因是错误的。哈里斯会比特朗普更糟糕，但真正的崩盘并没有避免， ” Schiff 发推文。Polymarlet 和 Ali Martinez 的市场展望

<>Initial election results indicate that Republican candidate Donald Trump has an early lead. <>According to Polymarlet, the odds of Trump's victory have risen to nearly 80% as of the time of reporting.

初步选举结果显示共和党候选人唐纳德·特朗普早早领先。据 Polymarlet 报道，截至发稿时，特朗普获胜的几率已升至近 80%。

Ali Martinez, a crypto analyst, believes an altseason could commence within the next eight weeks as Bitcoin dominance prepares to reverse.

加密货币分析师阿里·马丁内斯 (Ali Martinez) 认为，随着比特币的主导地位准备逆转，山寨季可能会在未来八周内开始。

Institutional Activity

机构活动

Despite the market surge, institutional investors remain on the sidelines. Outflows from US spot BTC ETFs continue, with cash withdrawals recorded for the third consecutive day.

尽管市场飙升，机构投资者仍保持观望。美国现货 BTC ETF 资金继续流出，连续第三天出现现金提取。