比特幣的 NVT 黃金十字在價格下跌前發出過熱訊號

比特幣NVT金十字指標根據其市值和交易量評估比特幣是否被高估或低估，最近達到3.17，顯示潛在的高估。這次飆升與比特幣價格最近的局部頂部同時發生，並且歷史上與價格調整有關。目前，該指標已經降溫，表明過熱狀況可能已經消退。然而，NVT Golden Cross 的進一步下跌可能預示著價值被低估的狀態。

Bitcoin's NVT Golden Cross Indicator Flashes Overheating Signal Prior to Recent Price Correction

比特幣的 NVT 黃金十字指標在近期價格調整前閃爍過熱訊號

November 22, 2021

2021 年 11 月 22 日

The Bitcoin Network Value to Transactions (NVT) Golden Cross indicator, a technical analysis tool used to assess the relationship between Bitcoin's market capitalization and its transaction volume, surged to elevated levels coinciding with the recent local peak in the cryptocurrency's price.

比特幣網路交易價值（NVT）金十字指標是一種用於評估比特幣市值與其交易量之間關係的技術分析工具，該指標飆升至較高水平，與近期加密貨幣價格的局部峰值相一致。

NVT Golden Cross Signals Overvaluation

不適用 金十字訊號高估

The NVT ratio measures the ratio of Bitcoin's market capitalization to its transaction volume, providing insights into whether the asset is fairly priced. A high NVT reading suggests that the price is high relative to its transaction volume, potentially indicating overvaluation.

NVT比率衡量比特幣市值與其交易量的比率，提供資產定價是否公平的見解。 NVT 讀數較高表示價格相對於交易量較高，可能表示估值過高。

The NVT Golden Cross is a variation of the NVT ratio that compares the short-term (10-day moving average) NVT with the long-term (30-day moving average) NVT. Historically, values above 2.2 have signaled overheating conditions, while values below -1.6 have suggested undervaluation.

NVT Golden Cross 是 NVT 比率的變體，用於比較短期（10 日移動平均線）NVT 與長期（30 日移動平均線）NVT。從歷史上看，高於 2.2 的值表示過熱狀況，而低於 -1.6 的值則表示估值被低估。

Overheated Signal Preceded Price Correction

價格修正之前的過熱訊號

As Bitcoin's price rallied towards $71,000, the NVT Golden Cross surged to 3.17, a level not seen since the previous bull market in 2017. This surge indicated that the asset had become significantly overvalued, and it was followed by a sharp correction that took Bitcoin's price below $65,000.

隨著比特幣價格上漲至 71,000 美元，NVT 黃金交叉指數飆升至 3.17，這是自 2017 年上一次牛市以來的最高水平。這一飆升表明該資產已被嚴重高估，隨後比特幣價格出現大幅回調低於65,000 美元。

Historical Precedents

歷史先例

Historical data shows that similar instances of the NVT Golden Cross reaching these high levels have often preceded price corrections. In the past, such overheated signals have acted as indicators of market tops.

歷史數據顯示，NVT Golden Cross 達到如此高水準的類似情況通常發生在價格調整之前。過去，這種過熱訊號一直是市場見頂的指標。

Indicator Cools After Price Correction

價格修正後指標冷卻

Since the most recent overheated signal, the NVT Golden Cross has cooled off alongside Bitcoin's price. However, it remains in positive territory, suggesting that the market is still not undervaluing the asset.

自從最近的過熱訊號以來，NVT Golden Cross 與比特幣的價格一起降溫。然而，它仍然處於正值區域，表明市場仍未低估該資產的價值。

Bitcoin Rebounds After Correction

比特幣回調後反彈

Over the past day, Bitcoin has recovered from its recent correction, climbing back to $67,800. It remains to be seen whether this recovery will be sustained or if the market will continue to adjust to the overheating signal.

過去一天，比特幣從最近的回檔中恢復過來，回升至 67,800 美元。這種復甦能否持續，或者市場是否會繼續根據過熱訊號進行調整，還有待觀察。

Conclusion

結論

The Bitcoin NVT Golden Cross indicator has served as a timely warning of overvaluation in the recent bull market. Investors should be aware of the potential risks associated with overheated market conditions and monitor technical indicators like the NVT Golden Cross to make informed trading decisions.

比特幣NVT黃金十字指標在最近的牛市中及時發出了估值過高的警告。投資者應意識到與過熱市場狀況相關的潛在風險，並監控 NVT Golden Cross 等技術指標，以做出明智的交易決策。