比特幣 (BTC) 價格調整引發猜測，分析師警告不要誤解 NVT Golden Cross

比特幣價格從近期歷史高點的回調引發了加密貨幣社區的猜測，許多人質疑牛市是否完好無損以及下一步的價格走勢可能是什麼。

Bitcoin price pulled back from its recent all-time high, sparking speculation within the crypto community on whether the bull run remains intact and what the next price move might be.

比特幣價格從近期的歷史高點回落，引發了加密貨幣社群對牛市是否完好以及下一步價格走勢可能是什麼的猜測。

BTC is currently trading at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November 22.

BTC 目前的交易價格低於 95,000 美元大關，較 11 月 22 日創下的 99,000 美元以上的歷史高點下跌近 7%。

BTC NVT Golden Cross Outlook

BTC 不適用 金十字展望

Amid the ongoing pullback in its price, a CryptoQuant analyst known by the pseudonym Darkfost shared insights on the market’s current state, focusing on a key on-chain metric: the NVT Golden Cross. This metric, which evaluates the relationship between market capitalization and transaction volume, recently turned positive.

在其價格持續回檔的情況下，一位化名 Darkfost 的 CryptoQuant 分析師分享了對市場當前狀況的見解，重點關注了一個關鍵的鏈上指標：NVT Golden Cross。這項評估市值與交易量之間關係的指標最近轉為正數。

Still, Darkfost warned against perceiving this change as outright positive. He said that while the NVT Golden Cross value stands presently at a low point not at risk, traders would have to monitor it to not let potential markets open up.

儘管如此，Darkfost 警告不要將這一變化視為徹底的積極變化。他表示，雖然 NVT Golden Cross 的價值目前處於低點，沒有風險，但交易者必須對其進行監控，以免潛在市場開放。

Notably, the NVT Golden Cross, which is a measure of whether Bitcoin’s market cap is running ahead of its transaction volume, is a leading indicator for market trends. According to Darkfost, if this metric approaches 2.2, this could indicate that the valuation of Bitcoin is in excess of its transactional utility.

值得注意的是，NVT Golden Cross 衡量比特幣市值是否超過其交易量，是市場趨勢的領先指標。根據 Darkfost 的說法，如果該指標接近 2.2，則可能表明比特幣的估值超過其交易效用。

In such cases, Darkfost said the market will experience a “reversion to the mean,” which indicates potential short-position opportunities. The CryptoQuant analyst went on to say:

Darkfost 表示，在這種情況下，市場將經歷“均值回歸”，這表明潛在的空頭機會。 CryptoQuant 分析師接著說：

This could mark the start of a ranging pattern, thereby setting up a conducive atmosphere to allow altcoins to thrive. Bitcoin, as of today, is at $93,196, and Bitcoin is down by 3.3% since yesterday. Analysts are coming out with their respective sources regarding what is happening with Bitcoin. For more detailed insights on Bitcoin’s future price trajectory, check out our expert Bitcoin Price Prediction.

這可能標誌著區間模式的開始，從而為山寨幣的蓬勃發展創造有利的氛圍。截至今日，比特幣價格為 93,196 美元，較昨日下跌 3.3%。分析師們正在就比特幣正在發生的事情提供各自的消息來源。有關比特幣未來價格軌跡的更詳細見解，請查看我們的專家比特幣價格預測。

The crypto market has seen immense volatility, with approximately 191,493 traders liquidated within the last 24 hours, amounting to a total of $571.80 million in liquidations, according to CoinGlass.

根據 CoinGlass 的數據，加密貨幣市場出現了巨大的波動，過去 24 小時內約有 191,493 名交易者被清算，清算總額達 5.718 億美元。

IntoTheBlock, one of the most well-known market intelligence platforms, has recently proposed a significant fundamental reason for Bitcoin’s correction.

最著名的市場情報平台之一IntoTheBlock最近提出了比特幣回檔的重要根本原因。

According to a post published on X this morning, the platform revealed that “elevated funding rates,” which are “signs of excessively leveraged positions,” are among the factors that contribute to the BTC’s ongoing downtrend.

根據今天早上在 X 上發布的一篇文章，該平台透露，“資金費率升高”是“槓桿頭寸過度的跡象”，是導致 BTC 持續下跌趨勢的因素之一。

Bitcoin’s retrace can be attributed in part to elevated funding rates, signaling excessively leveraged positions.

比特幣的回撤可部分歸因於融資利率上升，顯示槓桿部位過度。

The good news? Funding rates have largely normalized, suggesting the leverage flush may have run its course. pic.twitter.com/A2kJEk50uT

好消息？資金利率已基本正常化，表明槓桿衝刺可能已經結束。 pic.twitter.com/A2kJEk50uT

— IntoTheBlock (@intotheblock) November 26, 2024

- IntoTheBlock (@intotheblock) 2024 年 11 月 26 日

As IntoTheBlock pointed out, “funding rates have largely normalized,” meaning the “leverage flush may have run its course.

正如 IntoTheBlock 指出的那樣，“資金利率已基本正常化”，這意味著“槓桿衝刺可能已經結束。

Meanwhile, from a technical perspective, Bitcoin might be gearing up for a reversal. Renowned crypto analyst Ali recently took to his X account to reveal that the TD Sequential for BTC is now presenting a “buy signal.”

同時，從技術角度來看，比特幣可能正在為逆轉做好準備。著名加密貨幣分析師 Ali 最近在他的 X 帳戶上透露，BTC 的 TD Sequential 現在正在發出「買入訊號」。

The TD Sequential presents a buy signal on the #Bitcoin $BTC hourly chart, while a bullish divergence forms against the RSI, which could help #BTC rebound to $95,000 – $96,000!

TD Sequential 在 #Bitcoin $BTC 每小時圖表上呈現買入訊號，同時與 RSI 形成看漲背離，這可能有助於 #BTC 反彈至 95,000 美元 - 96,000 美元！

Join me in this trade by signing up to @coinexcom using my referral link https://t.co/73n8mW9Y5p. pic.twitter.com/lKozxI8JVP

使用我的推薦連結 https://t.co/73n8mW9Y5p 註冊@coinexcom，加入我的交易。 pic.twitter.com/lKozxI8JVP

— Ali (@ali_charts) November 26, 2024

— 阿里 (@ali_charts) 2024 年 11 月 26 日