摩根大通警告稱，比特幣漲勢失去動力，調整即將到來

摩根大通分析師表示，儘管近期有所復甦，但比特幣仍處於超買狀態，顯示比特幣有可能進一步下跌。期貨頭寸代理和比特幣期貨相對於現貨的溢價表明，該加密貨幣仍處於超買區域，僅觀察到頭寸小幅減少。

Is Bitcoin's Rally Running Out of Steam?

比特幣的漲勢是否已經失去動力？

JPMorgan analysts are sounding the alarm on Bitcoin's recent surge, warning that it could be due for a correction. Despite recovering from last week's plunge, the cryptocurrency remains "overbought," according to their futures position proxies and price premium analysis.

摩根大通分析師對比特幣最近的飆升發出警報，警告稱其可能需要進行調整。根據他們的期貨頭寸代理和價格溢價分析，儘管從上週的暴跌中恢復過來，但加密貨幣仍然「超買」。

Overbought and Overdue for a Correction?

超買和逾期修正？

JPMorgan's data suggests that Bitcoin's current rally is unsustainable. Despite some modest position reductions, the crypto remains in overbought territory, leaving it vulnerable to further declines. This raises concerns about whether the recent optimism for Bitcoin's price in the coming months is misplaced.

摩根大通的數據表明，比特幣目前的漲勢是不可持續的。儘管部位略有減少，但加密貨幣仍處於超買區域，使其容易進一步下跌。這引發了人們的擔憂，即最近對比特幣未來幾個月價格的樂觀情緒是否錯誤。

ETF Inflows Slowing Down

ETF 資金流入放緩

Adding to the skepticism, recent data shows a slowdown in net inflows into spot ETFs. This casts doubt on the belief that there will be a continued flow of funds into these instruments, which have been a major driver of Bitcoin's recent gains.

最近的數據顯示現貨 ETF 淨流入放緩，加劇了人們的懷疑。這讓人對資金將持續流入這些工具的信念產生了懷疑，而這些工具是比特幣近期上漲的主要動力。

Halving on the Horizon

減半即將到來

With the upcoming halving of Bitcoin supply, JPMorgan analysts believe that profit-taking is likely to continue. Given the current overbought position, they see this as a prime opportunity for investors to cash out.

隨著比特幣供應量即將減半，摩根大通分析師認為，獲利了結可能會持續下去。鑑於目前的超買狀況，他們認為這是投資者套現的絕佳機會。

Conclusion

結論

While Bitcoin has rebounded from its recent dip, JPMorgan's analysis suggests that the rally could be running out of steam. The overbought position, slowing ETF inflows, and approaching halving all point to the possibility of a correction. Investors should be cautious and consider taking profits before the market turns against them.

儘管比特幣已從最近的下跌中反彈，但摩根大通的分析表明，漲勢可能會失去動力。超買部位、ETF 流入放緩以及接近減半都表示有可能出現回檔。投資者應保持謹慎，並考慮在市場對他們不利之前獲利了結。