儘管所有估值指標都指向看跌市場，但比特幣時鐘增長了7％

在過去24小時內，比特幣在過去的24小時內提高了7％的收益，儘管其所有估值指標都傾向於看跌，而美國最近的需求正在消失。

Bitcoin price clocked a 7% gain over the past 24 hours despite all of its valuation metrics leaning bearish and US demand recently waning off.

儘管比特幣的所有估值指標都傾向於看跌，但比特幣的價格在過去24小時內達到了7％的收益，最近我們的需求正在減弱。

Onchain analytics platform CryptoQuant said in a March 11 markets report that Bitcoin’s Bull-Bear Market Cycle Indicator is at its “most bearish level” of this cycle, and Bitcoin’s MVRV Ratio Z-score — a key metric to assess whether Bitcoin (BTC) is overvalued or undervalued — has crossed the 365-day moving average, “indicating that the upward price trend has lost momentum.”

OnChain Analytics平台CryptoQuant在3月11日的市場報告中說，比特幣的牛市市場週期指標處於本週期的“最看跌水平”，比特幣的MVRV比率z得分z得分 - 這是評估比特幣（BTC）的關鍵指標（BTC）是否被忽略還是不足以觸發365日的趨勢，而平均值則損失了趨勢，“平均值”是“平均值”。

At the time of publication, Bitcoin is trading at $82,910, up from a 24-hour low of $79,356, according to CoinMarketCap data.

根據CoinMarketCap的數據，在出版時，比特幣的交易價格高達24小時低點的24小時低點。

CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator is at its ‘most bearish level’ this cycle. Credit: CryptoQuant

CryptoQuant的比特幣牛市市場週期指標在本週期處於其“最看跌的水平”。圖片來源：加密量

Bitcoin has spiked 7.5% over the past 24 hours as the US market steaded on March 11 after plunging a day earlier after US President Donald Trump refused to rule out that a recession was on the cards.

在過去的24小時內，比特幣在過去的24小時內飆升了7.5％，因為美國總統唐納德·特朗普（Donald Trump）拒絕排除衰退正在遇到卡片，美國市場於3月11日穩步下降。

Most of Bitcoin’s gains followed Senator Cynthia Lummis’ reintroduction of the BITCOIN Act, which proposes that the US government buy 1 million BTC over five years.

比特幣參議員辛西婭·魯米斯（Cynthia Lummis）重新引入《比特幣法》之後，比特幣的收益大部分，該法案建議美國政府在五年內購買了100萬BTC。

Bitcoin is trading at $82,910 at the time of publication. Credit: CoinMarketCap

出版時，比特幣的交易價格為82,910美元。信用：CoinMarketCap

However, some traders are not convinced that the downtrend is over.

但是，一些交易者不相信下降趨勢已經過去。

Crypto analyst Bitcoin Rachy said in an X post, “Fake pump, right?” Similarly, crypto trader BitcoinHyper said in an X post, “Every pump feels like the beginning. This is how the market takes your money.”

加密分析師比特幣Rachy在X帖子中說：“假泵，對嗎？”同樣，加密交易者比特幣海裡在X帖子中說：“每個泵都感覺像是開始。這就是市場賺錢的方式。”

Meanwhile, CryptoQuant said that Bitcoin’s demand fell by 103,000 BTC last week compared to the previous week, “marking its fastest pace of contraction since July 2024.”

同時，加密素養表示，比特幣的需求上週比上週相比下跌了103,000 BTC，“標誌著自2024年7月以來的收縮速度最快。”

Bitcoin demand in ‘contradiction territory’

“矛盾領土”中的比特幣需求

CryptoQuant said the reason for the decline in Bitcoin’s demand in the US recently was due to uncertainty around US inflation rates and US President Donald Trump’s imposed tariffs on Feb. 1. On March 7, Federal Reserve chair Jerome Powell reiterated that he was in no hurry to adjust interest rates.

CryptoQuant表示，最近美國比特幣需求下降的原因是由於美國通貨膨脹率的不確定性以及美國總統唐納德·特朗普（Donald Trump）於2月1日徵收關稅。3月7日，美聯儲鮑威爾（Jerome Powell）重申，他不著急調整利率。

“Bitcoin demand remains in contradiction territory, whales have slowed down their Bitcoin accumulation, and spot ETFs in the US have become net sellers of Bitcoin,” the firm said.

該公司說：“比特幣需求仍然存在矛盾的領土，鯨魚的積累減慢了，美國的現場ETF已成為比特幣的淨銷售商。”

See Also: 4 signs that $76.7K Bitcoin is probably the ultimate low

另請參閱：4個跡象表明$ 76.7K比特幣可能是最終的低點

Bitcoin is still down 14% over the past month, and CryptoQuant says the drawdown is not “unusual in terms of magnitude, as similar corrections have occurred in past bull markets.”

在過去的一個月中，比特幣仍然下降了14％，而隱式幣表示，由於過去的牛市已經發生了類似的校正，因此“在數量範圍內”的縮減並不是異常的。”

However, it warned if Bitcoin that breaks its current support at the $75,000 to $78,000 price level, its next target could be as low as $63,000, a level not seen since Oct. 14.

但是，它警告說，如果比特幣將目前的支持打破了75,000美元至78,000美元的價格水平，其下一個目標可能低至63,000美元，這是10月14日以來未見的水平。

Recently, Swan Bitcoin CEO Cory Klippsten told CryptoQuant his forecast is that “there’s more than 50% chance we will see all-time highs before the end of June this year.” Bitcoin’s current all-time high of $109,000 was reached on Jan. 20.

最近，天鵝比特幣首席執行官Cory Klippsten告訴CryptoQuant他的預測是：“今年6月底之前，我們有50％以上的機會會看到歷史最高點。” 1月20日，比特幣目前的歷史最高額為109,000美元。