交易的網絡價值（NVT）Golden Cross表明比特幣（BTC）價格過高

根據今天早些時候發布的一份加密快速帖子，交易的網絡價值（NVT）Golden Cross表明，比特幣（BTC）目前擁有很高的市值，而網絡交易量仍然很低。這引起了人們對BTC價格可能會膨脹的擔憂。

CryptoQuant analyst BorisVest has warned that Bitcoin (BTC)’s troubles may not be over yet as the Network Value to Transactions (NVT) Golden Cross suggests that the cryptocurrency’s price decline could continue.

加密分析師BoriSvest警告說，比特幣（BTC）的麻煩可能還沒有結束，因為交易的網絡價值（NVT）Golden Cross表明加密貨幣的價格下跌可能會持續。

In a recent Quicktake post, the analyst explained that a high market cap with low transaction volume indicates that Bitcoin’s price may be inflated due to speculative activity.

分析師在最近的QuickTake帖子中解釋說，交易量較低的高市值表明，由於投機活動，比特幣的價格可能會誇大。

NVT Golden Cross Suggests BTC Remains Overpriced

NVT Golden Cross建議BTC定價過高

Over the past seven days, BTC has dropped 5.5%, trading in the low $80,000 range. Earlier this month, the top cryptocurrency hit a potential local bottom at around $76,000, sparking hopes of an ensuing price rally.

在過去的七天中，BTC下降了5.5％，交易價格低至80,000美元。本月早些時候，最高加密貨幣的本地底部約為76,000美元，這引發了隨後的價格集會的希望。

However, BorisVest says that BTC’s troubles may not be over yet as the NVT Golden Cross suggests that the cryptocurrency’s price decline could continue.

但是，Borisvest表示，BTC的麻煩可能還沒有結束，因為NVT Golden Cross認為加密貨幣的價格下跌可能會持續下降。

For the uninitiated, the NVT Golden Cross is calculated by dividing the market capitalization of an asset by its network transaction volume. A high market cap with low transaction volume suggests that Bitcoin’s price may be inflated due to speculative activity.

對於初學者，NVT金十字是通過將資產的市值除以其網絡交易量來計算的。交易量較低的高市值表明，由於投機活動，比特幣的價格可能會膨脹。

This often leads to or indicates potential pullbacks. On the other hand, low market cap with high transaction volume indicates a strong buying opportunity.

這通常會導致或指示潛在的回調。另一方面，高交易量的低市值表明購買機會很強。

The NVT metric can be used for both short- and long-term analysis. As seen in the chart shared by the analyst, traders are advised to wait until the indicator moves into the green zone before making any buying decisions.

NVT指標可用於短期和長期分析。從分析師共享的圖表中可以看出，建議交易者等到指標進入綠色區域後才做出任何購買決定。

Once the NVT indicator enters green territory, it would suggest that BTC’s market capitalization is low, while network transaction volume is rising – a scenario that presents a strong buying opportunity for investors and traders.

一旦NVT指標進入綠色領土，這將表明BTC的市值很低，而網絡交易量正在上升 - 這種情況為投資者和交易者提供了強大的購買機會。

That said, the current position of the NVT indicator suggests that BTC’s price pullback is likely to continue. Additionally, the analysis suggests that Bitcoin’s recent price surge may have been driven by market manipulation.

也就是說，NVT指標的當前立場表明，BTC的價格下跌很可能會繼續。此外，分析表明，比特幣最近的價格漲幅可能是由市場操縱驅動的。

For BTC’s price to maintain its upward momentum in the long run, network transaction volume must increase sustainably.

為了使BTC在長期以來保持其上升勢頭，網絡交易量必須可持續增加。

Meanwhile, fellow crypto analyst Ali Martinez has a different perspective on Bitcoin’s near-term price action.

同時，加密分析師阿里·馬丁內斯（Ali Martinez）對比特幣的近期價格行動有不同的看法。

BTC Traders Unlikely To Sell At Existing Prices

BTC交易者不太可能以現有價格出售

In an X post today, Martinez noted that BTC traders are currently sitting on an average unrealized loss of 14.57%. This could discourage them from selling at current prices and locking in a loss.

馬丁內斯（Martinez）在今天的X帖子中指出，BTC交易者目前正處於平均未實現的損失14.57％。這可能會阻止他們以當前價格出售並鎖定損失。

Several macroeconomic indicators suggest a potential trend reversal for BTC in the coming weeks or months. For instance, crypto analyst Master of Crypto recently highlighted that BTC could be on the verge of a bullish reversal, with the M2 money supply expected to increase.

幾個宏觀經濟指標表明，在接下來的幾週或幾個月中，BTC的潛在趨勢逆轉。例如，加密貨幣分析師最近強調，BTC可能處於看漲的逆轉的邊緣，預計M2貨幣供應將增加。

Additionally, technical indicators also hint at a price rally. A noted crypto trader recently pointed out that BTC is following the bullish ‘megaphone pattern’.

此外，技術指標還暗示了價格集會。一位著名的加密貨幣交易員最近指出，BTC遵循看漲的“擴音器模式”。

At press time, BTC trades at $83,444, up 0.8% in the last 24 hours.

發稿時，BTC的交易價格為83,444美元，在過去24小時內增長了0.8％。