比特幣（BTC）網絡活動跌至一年低點，標誌著旗艦加密貨幣的性能的轉變

領先的數據分析公司CryptoQuant估計，這種低迷的比特幣的公允價值在48,000美元至95,000美元之間。

Bitcoin's network activity has hit its lowest in a year, signaling a crucial shift in the flagship cryptocurrency's performance. According to CryptoQuant, a leading data analytics firm, this downturn pegs Bitcoin's fair value in the range of $48,000 to $95,000. At press time, Bitcoin was trading at around $96,500, suggesting it may be overvalued based on network activity.

比特幣的網絡活動在一年內達到了最低點，這表明旗艦加密貨幣的性能至關重要。據領先的數據分析公司CryptoQuant稱，這家經濟低迷的比特幣的公允價值在48,000美元至95,000美元之間。發稿時，比特幣的交易價格約為96,500美元，這表明它可能會根據網絡活動高估。

The Bitcoin Network Activity Index, which measures the transactional volume on the network, has seen a 15% drop since peaking at 3,760 in November 2024. This marks the lowest the index has been since February 2024. The decrease is mainly attributed to a decline in transactions, with the total daily transaction count currently at 346,000. This is a 53% drop from the all-time high of 734,000 transactions recorded in September 2024.

比特幣網絡活動指數衡量了網絡上的交易量，自2024年11月以3,760的峰值以來，該指數下降了15％。這標誌著自2024年2月以來該指數的最低點。該指數主要歸因於下降歸因於下降歸因於下降歸因於下降。交易，目前每日交易總數為346,000。這是從2024年9月記錄的734,000件交易的歷史高處下降53％。

One key factor contributing to this downturn is the reduced usage of the Runes protocol for token minting on Bitcoin's blockchain. Runes utilizes OP_RETURN codes to store data related to tokens, but the use of these codes has seen a significant dip.

導致這種低迷的一個關鍵因素是減少對比特幣區塊鏈造幣的符文協議的使用減少。符文利用op_return代碼來存儲與令牌相關的數據，但是這些代碼的使用已經顯著下降。

In April 2024, daily OP_RETURN codes hit 802,000, but as of January, the average has dwindled to a mere 10,000 per day. Data from Dune Analytics shows that as of February 4th, Runes-related transactions amounted to 6,110, accounting for just about 2.5% of Bitcoin’s daily transaction volume.

2024年4月，每日OP_Return代碼達到802,000，但截至1月，平均值已減少至每天10,000。 Dune Analytics的數據表明，截至2月4日，與符文相關的交易為6,110，僅佔比特幣每日交易量的2.5％。

From January 1st to February 4th, Bitcoin transfers comprised a significant 73.5% of the daily network activity, outpacing transactions related to Ordinals, BRC-20 tokens, and Runes. This decline is also reflected in Bitcoin's mempool, where unconfirmed transactions have nosedived from 287,000 in December 2024 to a mere 3,000, a 99% drop. The mempool last noted such low activity levels in March 2022.

從1月1日到2月4日，比特幣轉移佔每日網絡活動的73.5％，超過了與序數，BRC-20代幣和符文有關的交易。這種下降也反映在比特幣的Mempool中，在那裡，未經證實的交易已從2024年12月的287,000人降至僅3,000，下降了99％。 Mempool最後指出了2022年3月的活動水平。

While these indicators may suggest an overvaluation of Bitcoin, a recent report by Bitfinex highlights that Bitcoin has remained resilient, even amidst market shocks like President Donald Trump's tariff plan. In January, Bitcoin outperformed the broader cryptocurrency market with a gain of 9.4%, while the wider market experienced an average decline of 25.7%.

儘管這些指標可能暗示比特幣高估，但比特菲尼克斯（Bitfinex）最近的一份報告強調，比特幣仍然具有彈性，甚至像總統唐納德·特朗普（Donald Trump）的關稅計劃一樣在市場衝擊中。一月份，比特幣以9.4％的幅度優於更廣泛的加密貨幣市場，而更廣泛的市場的平均下降為25.7％。

As always, investors are encouraged to do thorough research and exercise caution when trading, given the highly volatile nature of the cryptocurrency market, which is influenced by a multitude of factors.

與往常一樣，鑑於加密貨幣市場的高度波動性質，投資者在交易時要進行徹底的研究和謹慎行事，這受到多種因素的影響。