比特币（BTC）进入了熊市阶段，令许多投资者感到失望

CryptoQuant首席执行官Ki Young Ju表示，比特币（BTC）进入了熊市阶段，这使许多投资者感到失望。

CryptoQuant CEO Ki Young Ju has claimed that Bitcoin (BTC) has entered a bear market phase, which has disappointed many investors.

CryptoQuant首席执行官Ki Young JU声称比特币（BTC）进入了熊市阶段，这使许多投资者感到失望。

His analysis uses the data between Bitcoin’s Realized Cap and its market capitalization. Realized Cap measures Bitcoin’s value based on the transfer price in a wallet, while market capitalization is calculated by multiplying the circulating supply of Bitcoin by its current price.

他的分析使用了比特币已实现的上限与市值之间的数据。实现的CAP根据钱包中的转移价格来衡量比特币的价值，而市值是通过将比特币的循环供应乘以当前价格来计算的。

Check out the full analysis here!

在此处查看完整的分析！

Market Capitalization and Realized Cap Analysis

市值和实现的上限分析

Ju emphasizes that market capitalization alone cannot track the Bitcoin bull market. When selling pressure is low, small purchases of Bitcoin can boost market capitalization to new highs.

JU强调，仅市值就无法追踪比特币牛市。当销售压力很低时，少量购买比特币可以将市值提升到新的高点。

However, when selling pressure is high, large purchases such as Strategy’s $1.92 billion acquisition of 22,048 BTC cannot trigger price increases like previous purchases.

但是，当销售压力很高时，大量购买，例如战略的19.2亿美元收购22,048 BTC无法像以前的购买一样触发价格上涨。

An increase in Realized Cap indicates new capital entering the market, but a declining market capitalization indicates a bearish sentiment. This suggests that despite the injection of fresh capital, the price is not showing a positive response. According to Ju, this marks the end of Bitcoin’s bull market.

已实现的上限的增加表明进入市场的新资本，但市值下降表明看跌情绪。这表明，尽管注入了新鲜资本，但价格并未显示出积极的反应。根据JU的说法，这标志着比特币牛市的终结。

Also read: Bitcoin Ready to Surge to $100,000, Whale Buying Resists Trade War Pressure?

另请阅读：比特币准备涨至100,000美元，鲸鱼购买抵制贸易战争压力吗？

Bearish Signals and Bitcoin Price Predictions

看跌信号和比特币价格预测

Despite Bitcoin’s strong fundamentals and massive acquisitions, on-chain indicators show less encouraging results. Bitcoin price is currently in consolidation with a bearish pennant pattern, indicating the potential for further price declines.

尽管比特币的基本原理和大量收购，链上的指标表现出令人鼓舞的结果。比特币的价格目前与看跌的五角旗模式合并，这表明可能会增加价格下降。

Crypto Sat predicts a short-term drop to $80,000, with the current price sitting at $82,950. Ju himself has a more gloomy prediction, stating that the chances of a short-term rally are very slim.

Crypto SAT预测，短期跌至80,000美元，目前的价格为82,950美元。 Ju本人的预测更加令人沮丧，指出短期集会的机会非常苗条。

According to him, it can take up to six months for Bitcoin to break out of a bear market. This suggests that the selling pressure may subside at any time, but historically, a true reversal takes at least six months.

据他说，比特币脱离熊市最多可能需要六个月的时间。这表明销售压力可能随时消退，但从历史上看，真正的逆转至少需要六个月。

Also read: XRP Records Open Interest Above $3 Billion, Will Price Follow?

另请阅读：XRP Records开放兴趣超过30亿美元，价格会以下吗？

Praise from the US Treasury Secretary

美国财政部长的赞美

Amidst the unfavorable sentiment, the US Secretary of the Treasury, Scott Bessent, praised Bitcoin as a store of value comparable to gold. This shows that despite market volatility, there is still faith in Bitcoin’s long-term value as an investment asset.

在不利的情绪中，美国财政部长斯科特·贝森特（Scott Bessent）称赞比特币是可与黄金相当的价值的存储。这表明，尽管市场波动，但仍然相信比特币作为投资资产的长期价值。

This praise may relieve investors who are worried about the current bearish trend. However, investors must understand that the cryptocurrency market is highly volatile and requires a well-thought-out investment strategy.

这种称赞可能会减轻担心当前看跌趋势的投资者。但是，投资者必须了解，加密货币市场非常波动，需要进行良好的投资策略。

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

这是今天有关加密新闻的最新信息。仅在Pintu Academy的初学者到专家级别，获取有关加密学院的更多信息，并丰富您对加密和区块链世​​界的了解。

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在Google News上关注我们，以获取有关加密和区块链技术的最新信息。立即通过Google Play商店或应用商店下载Pintu Crypto，享受简单安全的加密交易体验。

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

仅在Pintu Pro上使用高级交易工具（例如Pro图表，各种订单类型和投资组合跟踪器）体验Web交易。如果您没有帐户，请单击注册Pintu，或者如果您已经注册，请单击登录Pintu。

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

该内容旨在丰富读者的信息。 Pintu从各种相关来源收集这些信息，并且不受外部政党的影响。请注意，资产的过去绩效并不能确定其预计的未来绩效。加密交易活动具有高风险和波动性，在投资之前始终进行自己的研究并使用冷现金。买卖比特币和其他加密资产投资的所有活动都是读者的责任。