Binance Coin [BNB]价格预测：这是交换令牌的终点吗？

Binance Coin [BNB]的历史最高高点为788美元，设定于2024年12月4日。交换令牌约为20％

Binance Coin [BNB] hit an all-time high of $788 on 4 December 2024. Since then, the exchange token has dropped about 20%, compared to Bitcoin's [BTC] 22% decline from its all-time high of $108.7k.

Binance Coin [BNB]在2024年12月4日的历史最高售价为788美元。从那以后，交换令牌下降了约20％，而比特币的[BTC] [BTC] [BTC]的历史最高点数降低了22％，其历史最高率为108.7k。

According to Glassnode, the 7-day moving average of the percentage of addresses in profit showed that 85.8% of addresses were in profit. The metric's 7DMA has remained above 75% since February 2024. This suggested a prolonged phase of distribution.

根据GlassNode的数据，利润地址百分比的7天移动平均值表明，有85.8％的地址是利润。自2024年2月以来，公制的7DMA一直保持在75％以上。这表明分布阶段延长。

This brought up the question of whether BNB was preparing to move lower, or should investors remain patient?

这提出了一个问题，即BNB是否准备下降，还是应该保持耐心？

Could BNB be preparing to move lower, or should investors remain patient?

BNB可以准备下降，还是应该保持耐心？

The log chart of the coin days destroyed showed that the last time the metric had a significant spike in CDD was early March, indicating brief distribution. The metric, which tracks the movement of older coins, had only sporadically shown high values, such as in early March, early January, and late November. However, it did not resemble the frantic movement from May and early June 2024.

销毁硬币日的日志图表明，该指标上一次在CDD中有明显的峰值是3月初，表明短暂分布。跟踪旧硬币运动的指标仅偶尔显示出很高的价值，例如3月初，1月初和11月下旬。但是，从2024年5月和6月上旬开始，它与疯狂的运动不类似。

The long-term net unrealized profit-loss (LTH NUPL) metric value corresponded to "fear." This had not been seen since February 2021. The long-term investors saw their unrealized losses increasing, even as the price remained around $600.

长期未实现的净利润损失（LTH NUPL）度量值对应于“恐惧”。自2021年2月以来就没有看到这一点。长期投资者看到他们未实现的损失在增加，即使价格仍然在600美元左右。

However, BNB has not embarked on a long-term downtrend. It was more likely that the drop in NUPL in the past two months could mark a local bottom for the token.

但是，BNB尚未开始长期下降趋势。在过去两个月中，NUPL的下降更有可能标志着令牌的本地底部。

The MVRV ratio has hovered around the 1.2 level since October 2024. Even the steady gains up to December did not push the metric higher. This indicated new buyers entering the market, keeping the realized value high and the MVRV ratio stable.

自2024年10月以来，MVRV比率已徘徊在1.2级的左右。即使到12月的稳定增长也没有提高指标。这表明新的买家进入市场，保持高价值和MVRV比率稳定。

Therefore, there was evidence that new buyers were entering, and long-term holders were not taking profits in large numbers. If they had been, the MVRV would be falling, and the CDD would reflect it.

因此，有证据表明，新买家正在进入，而长期持有人并没有大量利润。如果有的话，MVRV将下降，CDD会反映它。

Overall, the long-term metrics highlighted bullishness for Binance Coin. Investors who believed the broader market cycle had not ended could find an appealing entry point in BNB.

总体而言，长期指标强调了Binance硬币的看涨度。认为更广泛的市场周期没有结束的投资者可以在BNB中找到一个吸引人的入口点。