比特币 (BTC) 价格调整引发猜测，分析师警告不要误解 NVT Golden Cross

比特币价格从近期历史高点的回调引发了加密货币社区的猜测，许多人质疑牛市是否完好无损以及下一步的价格走势可能是什么。

Bitcoin price pulled back from its recent all-time high, sparking speculation within the crypto community on whether the bull run remains intact and what the next price move might be.

比特币价格从近期的历史高点回落，引发了加密货币社区对牛市是否完好以及下一步价格走势可能是什么的猜测。

BTC is currently trading at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November 22.

BTC 目前的交易价格低于 95,000 美元大关，较 11 月 22 日创下的 99,000 美元以上的历史高点下跌近 7%。

BTC NVT Golden Cross Outlook

BTC 不适用 金十字展望

Amid the ongoing pullback in its price, a CryptoQuant analyst known by the pseudonym Darkfost shared insights on the market’s current state, focusing on a key on-chain metric: the NVT Golden Cross. This metric, which evaluates the relationship between market capitalization and transaction volume, recently turned positive.

在其价格持续回调的情况下，一位化名 Darkfost 的 CryptoQuant 分析师分享了对市场当前状况的见解，重点关注了一个关键的链上指标：NVT Golden Cross。这一评估市值与交易量之间关系的指标最近转为正值。

Still, Darkfost warned against perceiving this change as outright positive. He said that while the NVT Golden Cross value stands presently at a low point not at risk, traders would have to monitor it to not let potential markets open up.

尽管如此，Darkfost 警告不要将这一变化视为彻底的积极变化。他表示，虽然 NVT Golden Cross 的价值目前处于低点，没有风险，但交易者必须对其进行监控，以免潜在市场开放。

Notably, the NVT Golden Cross, which is a measure of whether Bitcoin’s market cap is running ahead of its transaction volume, is a leading indicator for market trends. According to Darkfost, if this metric approaches 2.2, this could indicate that the valuation of Bitcoin is in excess of its transactional utility.

值得注意的是，NVT Golden Cross 衡量比特币市值是否超过其交易量，是市场趋势的领先指标。根据 Darkfost 的说法，如果该指标接近 2.2，则可能表明比特币的估值超过其交易效用。

In such cases, Darkfost said the market will experience a “reversion to the mean,” which indicates potential short-position opportunities. The CryptoQuant analyst went on to say:

Darkfost 表示，在这种情况下，市场将经历“均值回归”，这表明潜在的空头机会。 CryptoQuant 分析师接着说：

This could mark the start of a ranging pattern, thereby setting up a conducive atmosphere to allow altcoins to thrive. Bitcoin, as of today, is at $93,196, and Bitcoin is down by 3.3% since yesterday. Analysts are coming out with their respective sources regarding what is happening with Bitcoin. For more detailed insights on Bitcoin’s future price trajectory, check out our expert Bitcoin Price Prediction.

这可能标志着区间模式的开始，从而为山寨币的蓬勃发展创造有利的氛围。截至今日，比特币价格为 93,196 美元，较昨日下跌 3.3%。分析师们正在就比特币正在发生的事情提供各自的消息来源。有关比特币未来价格轨迹的更详细见解，请查看我们的专家比特币价格预测。

The crypto market has seen immense volatility, with approximately 191,493 traders liquidated within the last 24 hours, amounting to a total of $571.80 million in liquidations, according to CoinGlass.

根据 CoinGlass 的数据，加密货币市场出现了巨大的波动，过去 24 小时内约有 191,493 名交易者被清算，清算总额达 5.718 亿美元。

IntoTheBlock, one of the most well-known market intelligence platforms, has recently proposed a significant fundamental reason for Bitcoin’s correction.

最著名的市场情报平台之一IntoTheBlock最近提出了比特币回调的重要根本原因。

According to a post published on X this morning, the platform revealed that “elevated funding rates,” which are “signs of excessively leveraged positions,” are among the factors that contribute to the BTC’s ongoing downtrend.

根据今天早上在 X 上发布的一篇文章，该平台透露，“资金费率升高”是“杠杆头寸过度的迹象”，是导致 BTC 持续下跌趋势的因素之一。

Bitcoin’s retrace can be attributed in part to elevated funding rates, signaling excessively leveraged positions.

比特币的回撤可部分归因于融资利率上升，表明杠杆头寸过度。

The good news? Funding rates have largely normalized, suggesting the leverage flush may have run its course. pic.twitter.com/A2kJEk50uT

好消息？资金利率已基本正常化，表明杠杆冲刺可能已经结束。 pic.twitter.com/A2kJEk50uT

— IntoTheBlock (@intotheblock) November 26, 2024

- IntoTheBlock (@intotheblock) 2024 年 11 月 26 日

As IntoTheBlock pointed out, “funding rates have largely normalized,” meaning the “leverage flush may have run its course.

正如 IntoTheBlock 指出的那样，“资金利率已基本正常化”，这意味着“杠杆冲刺可能已经结束。

Meanwhile, from a technical perspective, Bitcoin might be gearing up for a reversal. Renowned crypto analyst Ali recently took to his X account to reveal that the TD Sequential for BTC is now presenting a “buy signal.”

与此同时，从技术角度来看，比特币可能正在为逆转做好准备。著名加密货币分析师 Ali 最近在他的 X 账户上透露，BTC 的 TD Sequential 现在正在发出“买入信号”。

The TD Sequential presents a buy signal on the #Bitcoin $BTC hourly chart, while a bullish divergence forms against the RSI, which could help #BTC rebound to $95,000 – $96,000!

TD Sequential 在 #Bitcoin $BTC 每小时图表上呈现买入信号，同时与 RSI 形成看涨背离，这可能有助于 #BTC 反弹至 95,000 美元 - 96,000 美元！

Join me in this trade by signing up to @coinexcom using my referral link https://t.co/73n8mW9Y5p. pic.twitter.com/lKozxI8JVP

使用我的推荐链接 https://t.co/73n8mW9Y5p 注册@coinexcom，加入我的交易。 pic.twitter.com/lKozxI8JVP

— Ali (@ali_charts) November 26, 2024

— 阿里 (@ali_charts) 2024 年 11 月 26 日