比特幣MVRV死十字架引起了對下壓力的擔憂

來自CryptoQuant的最新數據在比特幣MVRV比率運動上發現了一些問題。如今，來自CryptoFant的數據確定了比特幣市場的罕見但潛在的看跌信號。

Latest data from CryptoQuant has spotted some issues over Bitcoin MVRV ratio movement. Today, data from CryptoQuant identified an appearance of rare, but potential bearish signal for Bitcoin market. Yonsei Dent, a crypto analyst from CryptoQuant, spotted a formation of a MVRV Death Cross on Bitcoin, raising concerns over a falling market risk.

來自CryptoQuant的最新數據在比特幣MVRV比率運動上發現了一些問題。如今，來自CryptoFant的數據確定了比特幣市場的罕見但潛在的看跌信號。來自加密貨幣的加密分析師Yonsei Dent在比特幣上發現了MVRV死亡十字架的形成，引起了人們對市場風險下降的擔憂。

MVRV Dead Cross Signals Mounting Downside Risk

MVRV死亡交叉信號安裝下行風險

“In early March, the 30DMA crossed below the 365DMA — a bearish dead cross — signaling weakening short-term momentum and growing downward pressure.

“ 3月初，30DMA越過365DMA（看跌的死十字），這表明短期動量減弱並向下壓力增長。

…With the MVRV now converging toward its long-term historical average, it appears that the market is pricing in an MVRV multiple around 10x to 15x, a level typically reached during market bottoms.”

…隨著MVRV現在趨向於其長期歷史平均水平，看來市場的價格在10倍至15倍左右的MVRV倍數中，通常在市場底部達到的水平。 ”

According to latest metrics reported by the CryptoQuant analyst, Bitcoin’s 30-day moving average (DMA) has tremendously dropped, a decrease that has brought it to cross under the 365-day moving day average (DMA). This situation is commonly known as a “death cross.”

根據加密分析師報導的最新指標，比特幣的30天移動平均線（DMA）大幅下降，這一減少使其越過365天移動日平均值（DMA）。這種情況通常被稱為“死亡十字架”。

According to Yonsei, "In early March, the 30DMA crossed below the 365DMA—a bearish 'dead cross'—signaling weakening short-term momentum and growing downward pressure. As the chart shows, this type of double cross occured during previous market bottoms in 2011, 2015, and 2019."

根據Yonsei的說法，“ 3月初，30DMA越過365DMA（看跌的'Dead Cross” - 信號降低了短期動量和向下壓力的增長。如圖所示，這種類型的雙交叉在2011年，2015年和2019年的先前市場底部發生了這種雙重交叉。”

"The lower timeframe chart provides a closer look at the 30DMA dropping below the 365DMA. This event is quite rare, occuring only a few times before. As the chart shows, this type of double cross occured during previous market bottoms in 2011, 2015, and 2019.

“較低的時間表圖可仔細觀察30DMA以下的30DMA。此事件非常罕見，發生在幾次之前。如圖所示，這種類型的雙交叉在2011年，2015年和2019年的先前市場底部發生。

"In March 2011, following the 50 MA (blue) dropping below the 200 MA (red) on the lower timeframe chart, Bitcoin experienced further decline, finally hitting bottom around $1. In December 2015, the 50 MA crossed below the 200 MA, and afterwards, Bitcoin continued to drop, finally hitting bottom around $330. And in March 2019, the 50 MA went below the 200 MA, and afterwards, Bitcoin went on to hit bottom around $3,000."

在2011年3月，在較低的時間範圍圖表上的50 mA（藍色）下降到200 mA（紅色）以下之後，比特幣進一步下降，最終在1美元左右下跌。 2015年12月，50 mA越過200 mA，然後比特幣繼續下降，隨後，比特幣繼續下降，最終在330美元左右下跌了$ 330，在2019年3月左右，在2009年左右跌至200 ma。

"It is important to note that, in the past, such indicators were often accompanied by price consolidations after the event, and so it might be useful to keep an eye on this indicator in the coming weeks."

“重要的是要注意，過去，此類指標經常伴隨著事件發生後的價格合併，因此在接下來的幾週內關注此指標可能很有用。”

"The 30-day moving average (DMA) has decreased significantly, finally crossing below the 365-day moving average (DMA) in early March. This is an unusual occurrence, as the 30-DMA typically trades above the 365-DMA during periods of strong bullish momentum."

“ 3月3日的30天移動平均線（DMA）顯著下降，最終越過3月初的365天移動平均線（DMA）。這是一種不尋常的情況，因為在強勁的看漲勢頭期間，30-DMA通常在365-DMA上進行交易。”

"However, as the chart shows, this type of double cross occured during previous market bottoms in 2011, 2015, and 2019. After the 50 MA (blue) crossed below the 200 MA (red) on the lower timeframe chart, Bitcoin experienced further decline, finally hitting bottom around $1. After the 50 MA crossed below the 200 MA, Bitcoin continued to drop, finally hitting bottom around $330. After the 50 MA went below the 200 MA, Bitcoin went on to hit bottom around $3,000."

“但是，如圖所示，這種類型的雙交叉發生在2011年，2015年和2019年的先前市場底部發生。在較低的時間範圍圖表上的50 mA（藍色）越過200 mA（紅色）以下低於200 mA（紅色）之後，比特幣進一步下降，最終在底部下降了1美元，在50 ma左右左右。在200 ma以下的50 ma越過200 ma之後，比特幣繼續下降到底部，在底部左右，在50 Ma上跌落了50 MA，在50 MA上跌落了50 MA，在50 Ma上跌落了50 Ma。 $ 3,000。”

"It is important to note that, in the past, such indicators were often accompanied by price consolidations after the event, and so it might be useful to keep an eye on this indicator in the coming weeks."

“重要的是要注意，過去，此類指標經常伴隨著事件發生後的價格合併，因此在接下來的幾週內關注此指標可能很有用。”

"The implication of this convergence is that the market is now pricing in an MVRV multiple of around 10x to 15x, a level typically reached during market bottoms. This suggests that, despite the recent market downturn, we might be nearing a point where Bitcoin is once again becoming undervalued."

“這種融合的含義是，市場現在以大約10倍至15倍的MVRV倍數定價，通常在市場底部達到的水平。這表明，儘管最近的市場下滑了，但我們可能正在接近比特幣再次被低估的比特幣。”

"It is also worth noting that the MVRV ratio has been used by analysts to predict previous market bottoms with surprising accuracy. For instance, during the 2019 bear market, when the MVRV ratio fell below 10x, it signaled the beginning of a strong upward trend that led to new highs.

“還值得注意的是，分析師已經使用了MVRV比率以令人驚訝的準確性來預測先前的市場底層。

"While there are no clear indicators of a bottom yet, it is something to keep in mind as we observe the unfolding market dynamics."

“雖然尚無清楚的底層指標，但是當我們觀察到不斷發展的市場動態時，要記住這一點。”

"Finally, the chart shows that the 30DMA has decreased significantly, finally crossing below the 365DMA in early March. This is an unusual occurrence, as the 30DMA usually trades above the 365DMA during periods of strong bullish momentum.

“最後，圖表顯示30DMA顯著下降，最後在3月初越過365DMA。這是一種不尋常的情況，因為在強勁的看漲勢頭期間，30DMA通常在365DMA以上交易。

"However, as the chart shows,

“但是，正如圖表所示，