比特幣（BTC）價格顯示出強烈的看跌信號，因為關鍵估值指標表明弱點

比特幣顯示出強烈的看跌信號，因為關鍵估值指標表明弱點。需求是收縮，鯨魚的積累放緩，現貨比特幣ETF已變成淨賣家。

Key Bitcoin valuation metrics are flashing bearish signals, and the world’s leading cryptocurrency is now showing weakness.

關鍵的比特幣評估指標正在閃爍看跌信號，而世界領先的加密貨幣現在顯示出弱點。

The CryptoQuant Bitcoin Bull-Bear Market Cycle indicator is at its most bearish level in this cycle.

在此週期中，加密的比特幣牛市市場週期指標處於最不鐘錶水平。

Importantly, the MVRV Ration z-score has dropped below its 365-day moving average. What this suggests is a loss of upward momentum.

重要的是，MVRV評分Z分數已降至其365天移動平均線以下。這表明是失去了向上的動力。

Bitcoin ETFs in the US have now become net sellers of BTC, while whales are slowing their accumulation.

現在，美國的比特幣ETF已成為BTC的淨賣方，而鯨魚正在減慢其積累。

Yesterday alone saw at least 371M flow out of the Bitcoin Spot ETF market. At least 35.50M flowed out of GBTC, around 151.3M from IBIT, nearly 107.10M from FBTC, 9.10M from BITB, 14.9M from BTCO, 600K from HODL, and around 3.4M from BRRR.

僅昨天，至少有371m流出了比特幣現場ETF市場。至少35.50m的GBTC流出，距離IBIT約1513m，距離FBTC近107.10m，距BITB 9.10m，距BTCO 14.9m，距HODL 600K，距BRRR約340萬。

Bitcoin’s apparent demand shrank by 103K last week, the fastest decline since July 2024.

比特幣明顯的需求上週縮小了103K，這是自2024年7月以來最快的下降。

At the start of March, the price of BTC was at $84,352.73. On the second day, it climbed to a peak of $94,302.78. This month, the market has suffered at least two serious corrections: a 8.55% correction on March 3 and a 13.27% correction between March 6 and 10. Yesterday, the BTC market grew from $78,629 to 82,922. Currently, the price stands at $82,706 – slightly below yesterday’s closing price.

在3月初，BTC的價格為84,352.73美元。第二天，它攀升至94,302.78美元的高峰。本月，市場至少遭受了兩次嚴重的修正：3月3日至10日之間的8.55％更正和13.27％的糾正。昨天，BTC市場從78,629美元增長到82,922美元。目前，價格為82,706美元，略低於昨天的收盤價。

As per the report, the annual accumulation rate of investors has also dropped significantly.

根據該報告，投資者的年收益率也大大下降。

How Deep Will This Correction Go?

這種更正會多麼深？

Right now, the price of Bitcoin is at least 32.39% below its all-time high. The BTC markert has witnessed a sharp correction.

目前，比特幣的價格至少低32.39％。 BTC Markert目睹了急劇的糾正。

Valuation metrics suggest this correction is deeper than those seen in previous bull runs.

估值指標表明，這種校正比以前的公牛跑步中所看到的更深。

If demand remains weak, Bitcoin could enter a prolonged bearish phase.

如果需求仍然很弱，比特幣可能會進入延長的看跌期。

In conclusion, Bitcoin is facing serious bearish pressure, with shrinking demand and negative signals from key metrics. While similar corrections have happened before, the depth of this downturn raises concerns about whether BTC is headed for a prolonged bear market.

總之，比特幣面臨著嚴重的看跌壓力，需求不斷減少和關鍵指標的負面信號。儘管以前已經發生了類似的更正，但這種低迷的深度引起了人們對BTC是否前往長時間熊市的擔憂。