Quant 解释原因：比特币 (BTC) 价格“预计将在 1-2 个月内强劲上涨”

比特币 SOPR 刚刚见证了看涨交叉

A technical indicator for Bitcoin (CRYPTO: BTC) suggests that the cryptocurrency may be poised for another strong rally.

比特币（CRYPTO：BTC）的技术指标表明，该加密货币可能准备再次强劲反弹。

What Happened: A crypto quant has highlighted the Spent Output Profit Ratio (SOPR) for Bitcoin, which is used to determine whether investors are selling their coins at a profit or loss on average.

发生了什么：一位加密量化分析师强调了比特币的支出产出利润率（SOPR），该比率用于确定投资者平均以盈利还是亏损的方式出售其比特币。

The 30-day moving average (MA) of the SOPR fell below the 365-day MA earlier this year, indicating that investors were largely underwater on their holdings. However, the 30-day MA has now reversed and crossed above the 365-day MA.

今年早些时候，SOPR 的 30 日移动平均线 (MA) 跌破 365 日移动平均线，表明投资者的持仓水平很大程度上处于水下。然而，30 日均线现已反转并突破 365 日均线。

This increase in the SOPR is due to the recent rally in the cryptocurrency, which has seen BTC price rise from around $70,000 at the beginning of November to highs of $97,000 earlier this week.

SOPR 的上涨是由于近期加密货币的上涨，导致 BTC 价格从 11 月初的 70,000 美元左右上涨至本周早些时候的 97,000 美元高位。

As the price of Bitcoin has risen, investors who purchased the cryptocurrency earlier in the year or last year are now sitting on large unrealized gains.

随着比特币价格上涨，今年早些时候或去年购买加密货币的投资者现在坐拥大量未实现收益。

The quant pointed out the previous instances of this crossover in the indicator, each of which led into bullish price action for the asset.

该量化分析师指出了该指标之前的交叉实例，每一次都导致该资产的看涨价格走势。

"After the golden cross appears, the market usually starts a strong rise within 2 months at the latest."

“金叉出现后，市场通常最迟会在两个月内开始强劲上涨。”

This latest bullish crossover in the Bitcoin SOPR is the second time this cycle that the pattern has appeared, so it’s possible that the run now would lead the asset to its final peak of the cycle.

比特币 SOPR 中的最新看涨交叉是该周期第二次出现该模式，因此现在的运行可能会导致该资产达到周期的最终峰值。

However, it remains to be seen whether the crossover between the monthly and yearly averages of the indicator will be bullish for BTC or not.

然而，该指标的月度平均值和年度平均值之间的交叉是否对比特币有利还有待观察。