MakerDAO 代幣銷售將 MKR 與以太坊分離，引發市場猜測

由於 MakerDAO 出售代幣，Maker (MKR) 見證了與以太坊 (ETH) 的價格脫鉤。鏈上分析表明，如果拋售壓力消退，價格可能反彈至 3,545 美元，正如負的市場價值與已實現價值比率 (MVRV) 和較低的已實現上限所表明的那樣。然而，相對強弱指數 (RSI) 和資金流量指數 (MFI) 等技術指標表明拋售壓力持續存在，這可能導致價格跌破 2,800 美元。

MakerDAO's Token Sales Uncouple MKR from Ethereum, Prompting Market Speculation

MakerDAO 的代幣銷售將 MKR 與以太坊脫鉤，引發市場猜測

In a recent market development, MakerDAO's sale of Maker (MKR) tokens has triggered a divergence in the price of MKR from its historical correlate, Ethereum (ETH). This uncoupling has raised eyebrows among market analysts and prompted speculation about the future trajectory of MKR.

在最近的市場發展中，MakerDAO 出售 Maker (MKR) 代幣引發了 MKR 與其歷史相關物以太坊 (ETH) 的價格背離。這種脫鉤引起了市場分析師的關注，並引發了人們對 MKR 未來發展軌蹟的猜測。

Multisign Wallet Activity Impacts MKR Price

多簽錢包活動影響 MKR 價格

Over the past two weeks, a multisign wallet linked to MakerDAO has transferred approximately $14.4 million worth of MKR to various exchanges, including Binance, Coinbase, and Kraken. This activity has coincided with a decline in MKR's price, suggesting a correlation between the token sales and its market value.

在過去的兩周里，與 MakerDAO 關聯的多重簽名錢包已將價值約 1,440 萬美元的 MKR 轉移到各個交易所，包括 Binance、Coinbase 和 Kraken。這項活動與 MKR 價格下跌同時發生，顯示代幣銷售與其市場價值之間存在相關性。

Decoupling from Ethereum

與以太坊脫鉤

Notably, MKR's price movement has deviated from that of ETH in recent times. While ETH has witnessed an increase of 1.48% within the same period that MKR has dropped by 3.84%, this divergence underscores the impact of MakerDAO's token sales on MKR's market dynamics.

值得注意的是，近期 MKR 的價格走勢與 ETH 的價格走勢有所偏離。儘管 ETH 上漲了 1.48%，而 MKR 卻下跌了 3.84%，但這種差異凸顯了 MakerDAO 代幣銷售對 MKR 市場動態的影響。

Market Value to Realized Value Ratio Indicates Potential Bounce

市場價值與已實現價值的比率表明潛在的反彈

Despite the decline in MKR's price, the Market Value to Realized Value Ratio (MVRV), a metric that gauges profitability and valuation, has signaled a potential rebound. Historically, when the 30-day MVRV ratio falls to levels similar to those currently observed (-15.19%), the price of MKR has experienced a subsequent rise.

儘管 MKR 的價格下跌，但衡量獲利能力和估值的指標——市值與已實現價值比率 (MVRV) 已顯示出潛在反彈的訊號。從歷史上看，當 30 天 MVRV 比率下降到與目前觀察到的水平（-15.19%）類似時，MKR 的價格會經歷隨後的上漲。

One-Day Realized Cap Supports Rebound Theory

一日已實現上限支持反彈理論

The one-day Realized Cap, which measures the total value of MKR in circulation, is also in line with the MVRV ratio's indication. The decline in the Realized Cap suggests that old tokens are realizing profits, potentially leading to an undervalued market condition and a potential price bottom.

衡量流通中 MKR 總價值的一日已實現上限也符合 MVRV 比率的指示。已實現上限的下降表明舊代幣正在實現利潤，可能導致市場狀況被低估和潛在的價格底部。

Technical Analysis Suggests Mixed Signals

技術分析顯示混合訊號

From a technical perspective, the Relative Strength Index (RSI) for MKR has fallen below the zero midpoint, indicating a bearish momentum for the token. This may suggest further price declines. However, a rebound could be in sight if the RSI reaches 30.00, indicating an oversold condition.

從技術角度來看，MKR 的相對強度指數（RSI）已跌破零中點，顯示該代幣的看跌勢頭。這可能表明價格進一步下跌。然而，如果 RSI 達到 30.00，表示超賣狀況，反彈可能就在眼前。

Fibonacci Indicator Shows Potential Upside

斐波那契指標顯示潛在的上漲空間

The 0.786 Fibonacci indicator suggests that if an oversold condition triggers a rebound, MKR's price could climb to $3,740 in the short to midterm. However, before this potential surge, the Money Flow Index (MFI) indicates that capital is flowing out of MKR, potentially leading to further price declines.

0.786 斐波那契指標表明，如果超賣狀況引發反彈，MKR 的價格可能會在中短期內攀升至 3,740 美元。然而，在這種潛在的飆升之前，資金流量指數（MFI）表明資金正在流出 MKR，可能導致價格進一步下跌。

Conclusion

結論

The recent sale of MKR tokens by MakerDAO has had a significant impact on the token's market dynamics, uncoupling it from its previous correlation with ETH. The MVRV ratio and one-day Realized Cap suggest a potential rebound in MKR's price, while technical analysis provides mixed signals. As such, investors should monitor the market closely and consider both fundamental and technical factors to make informed investment decisions.

MakerDAO 最近出售 MKR 代幣對該代幣的市場動態產生了重大影響，使其脫離了先前與 ETH 的相關性。 MVRV 比率和單日已實現上限表明 MKR 價格可能會反彈，而技術分析則提供了複雜的訊號。因此，投資者應密切關注市場並考慮基本面和技術因素，以做出明智的投資決策。