CryptoQuant 引用包括恐懼和貪婪指數在內的關鍵指標，比特幣 (BTC) 市場高峰可能即將到來

在比特幣價值達到新高峰的同時，CryptoQuant 引用了恐懼與貪婪指數、資金流動和 UTXO 利潤等指標來暗示潛在的市場高峰。

Bitcoin price hit a new all-time high during Monday’s session, yet several metrics are signaling a potential market peak.

比特幣價格在周一交易中創下歷史新高，但一些指標表明市場可能達到高峰。

Bitcoin price soared to a new all-time high on Monday. The world’s largest cryptocurrency hit a new peak value amid a broader market rally that saw prices rise over 93,000.

週一，比特幣價格飆升至歷史新高。全球最大的加密貨幣在更廣泛的市場反彈中創下新高，價格上漲超過 93,000 美元。

Following this latest surge, on-chain analytics platform CryptoQuant raised questions about whether it is time to sell or hold. Several key metrics were closely monitored by analysts at CryptoQuant to better understand the potential direction of the market.

在這最新的激增之後，鏈上分析平台 CryptoQuant 提出了關於現在是賣出還是持有的問題。 CryptoQuant 的分析師密切監控了幾個關鍵指標，以便更好地了解市場的潛在方向。

Fear & Greed Index Signals Caution

恐懼和貪婪指數發出警訊

One of the key indicators under review is the Crypto Fear & Greed Index, which is widely used to gauge market sentiment. The index, currently above 80, reflects heightened greed among investors.

正在審查的關鍵指標之一是加密貨幣恐懼與貪婪指數，該指數被廣泛用於衡量市場情緒。該指數目前高於 80，反映出投資者的貪婪程度加劇。

Historically, such levels have often preceded market tops, suggesting the need for caution. While the market can sustain upward momentum during periods of extreme greed, the likelihood of a reversal increases as the index remains elevated.

從歷史上看，這樣的水平往往先於市場頂部，表明需要謹慎。雖然市場在極度貪婪時期可以維持上行勢頭，但隨著指數保持高位，逆轉的可能性就會增加。

New Money Flow & Long-term Holding Behaviour

新資金流與長期持有行為

Another critical factor affecting Bitcoin’s price sustainability is the flow of new capital into the market. CryptoQuant pointed out that insufficient new money inflow could increase selling pressure.

影響比特幣價格永續性的另一個關鍵因素是新資本流入市場。 CryptoQuant指出，新資金流入不足可能會增加拋售壓力。

Realized Cap Growth over a 365-day period is being monitored as a tool to track this trend. Without sufficient inflows, sustaining the current rally could prove challenging, potentially marking a near-term peak.

正在監控 365 天期間已實現的資本成長，作為追蹤這一趨勢的工具。如果沒有足夠的資金流入，維持當前的漲勢可能會具有挑戰性，並可能標誌著近期的高峰。

Further, long-term holders’ behavior is another crucial metric drawing attention. CryptoQuant observed that market tops often coincide with the activation of dormant Bitcoin. Coin Days Destroyed, a measure of long-held Bitcoin being moved, has reached levels exceeding 15–20 million, which historically aligns with market tops.

此外，長期持有者的行為是另一個引起關注的關鍵指標。 CryptoQuant 觀察到，市場頂部通常與休眠比特幣的活化同時發生。 Coin Days Destroyed（衡量長期持有的比特幣被轉移的指標）已達到超過 1500-2000 萬的水平，這與歷史上的市場頂部一致。

Bitcoin Exchange Flows & UTXOs

比特幣交易流程和 UTXO

Additionally, exchange flow data provides further insights. The Inter-Exchange Flow Pulse (IFP) tracks Bitcoin movement between spot and derivative exchanges. Recent data indicates bearish signals as Bitcoin flows shift toward derivative platforms, often a precursor to downward price adjustments.

此外，交換流資料提供了進一步的見解。交易所間流量脈衝（IFP）追蹤現貨和衍生性商品交易所之間的比特幣變動。最近的數據表明，隨著比特幣流向衍生性商品平台，出現了看跌訊號，這通常是價格下行調整的先兆。

Previously, CryptoQuant’s CEO pointed out the heightened euphoria driving the current rally. With 99.3% of Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit, the market is in an extremely bullish phase. While such phases have historically lasted three to twelve months, analysts are urging caution due to the possibility of sudden reversals.

先前，CryptoQuant 的執行長指出，當前的漲勢是由高漲的樂觀情緒所推動的。比特幣 99.3% 的未花費交易產出（UTXO）都在獲利，市場正處於極度看漲的階段。雖然這種階段歷來持續三到十二個月，但分析師敦促謹慎行事，因為可能會出現突然逆轉。

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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