摩根大通警告市場調整中比特幣超買

儘管比特幣持續回調，摩根大通認為仍處於超買狀態。該銀行注意到現貨比特幣 ETF 的流入放緩和流出增加，這表明在比特幣減半事件之前可能存在獲利了結。摩根大通預計，隨著市場樂觀情緒消退和比特幣供應減少，比特幣價值可能會持續下跌。

JPMorgan Cautions on Bitcoin Overbought Status Amidst Market Correction

摩根大通對市場調整中比特幣超買狀況發出警告

Financial behemoth JPMorgan has weighed in on the recent volatility in the cryptocurrency market, expressing concerns that Bitcoin remains overbought despite ongoing price declines.

金融巨頭摩根大通對近期加密貨幣市場的波動進行了評估，並表示擔心儘管價格持續下跌，但比特幣仍處於超買狀態。

Market Dynamics

市場動態

Over the past week, the cryptocurrency market has witnessed a broad-based correction, with Bitcoin leading the downturn. The flagship digital asset has shed over 4% of its value in the past seven days. JPMorgan believes that this sell-off could persist in the lead-up to the upcoming Bitcoin Halving Event.

過去一周，加密貨幣市場出現了廣泛的回調，比特幣領跌。在過去 7 天裡，這艘旗艦數位資產的價值已縮水超過 4%。摩根大通認為，在即將到來的比特幣減半之前，這種拋售可能會持續下去。

Spot Bitcoin ETF Flows

比特幣 ETF 現貨流量

Inflows into spot Bitcoin exchange-traded funds (ETFs) have decelerated in recent days, while outflows have spiked significantly. This development has cast doubt on the sustainability of the ETF inflows that had previously supported Bitcoin's upward momentum.

最近幾天，流入現貨比特幣交易所交易基金（ETF）的資金有所放緩，而資金流出卻大幅增加。這一事態發展讓人們對先前支持比特幣上漲勢頭的 ETF 資金流入的可持續性產生了懷疑。

Analyst View

分析師觀點

JPMorgan analyst Nikolaos Panigirtzoglou noted that "considerable optimism" persists in the market regarding Bitcoin's potential for further appreciation by year-end. However, he cautioned that "a significant component of that optimism" stems from expectations of sustained inflows into spot Bitcoin ETFs, even as the supply of Bitcoin diminishes after the Halving Event.

摩根大通分析師 Nikolaos Panigirtzoglou 指出，市場對比特幣到年底進一步升值的潛力仍然抱持著「相當樂觀的態度」。然而，他警告說，「這種樂觀情緒的一個重要組成部分」源於對現貨比特幣 ETF 持續流入的預期，儘管減半事件後比特幣的供應量有所減少。

Overbought Signal

超買訊號

Despite the recent correction, JPMorgan maintains that Bitcoin remains overbought. The bank's analysis suggests that the current market conditions are not conducive to sustained upward price action.

儘管最近出現調整，摩根大通仍堅持比特幣仍然超買。該銀行的分析表明，當前的市場狀況不利於價格持續上漲。

Implications for Investors

對投資者的影響

JPMorgan's cautionary stance highlights the potential risks associated with investing in Bitcoin, particularly in the current market environment. Investors should exercise prudence and consider the possibility of further price declines before making investment decisions.

摩根大通的謹慎立場凸顯了投資比特幣的潛在風險，特別是在當前的市場環境下。投資者在做出投資決定前應謹慎行事，並考慮價格進一步下跌的可能性。

Current Market Conditions

目前的市場狀況

At the time of writing, Bitcoin is trading in the red, hovering around $65,850. The broader cryptocurrency market is also experiencing weakness, with most major digital assets posting losses.

截至撰寫本文時，比特幣交易出現虧損，徘徊在 65,850 美元左右。更廣泛的加密貨幣市場也出現疲軟，大多數主要數位資產都出現虧損。