比特币（BTC）价格显示出强烈的看跌信号，因为关键估值指标表明弱点

比特币显示出强烈的看跌信号，因为关键估值指标表明弱点。需求是收缩，鲸鱼的积累放缓，现货比特币ETF已变成净卖家。

Key Bitcoin valuation metrics are flashing bearish signals, and the world’s leading cryptocurrency is now showing weakness.

关键的比特币评估指标正在闪烁看跌信号，而世界领先的加密货币现在显示出弱点。

The CryptoQuant Bitcoin Bull-Bear Market Cycle indicator is at its most bearish level in this cycle.

在此周期中，加密的比特币牛市市场周期指标处于最不钟表水平。

Importantly, the MVRV Ration z-score has dropped below its 365-day moving average. What this suggests is a loss of upward momentum.

重要的是，MVRV评分Z分数已降至其365天移动平均线以下。这表明是失去了向上的动力。

Bitcoin ETFs in the US have now become net sellers of BTC, while whales are slowing their accumulation.

现在，美国的比特币ETF已成为BTC的净卖方，而鲸鱼正在减慢其积累。

Yesterday alone saw at least 371M flow out of the Bitcoin Spot ETF market. At least 35.50M flowed out of GBTC, around 151.3M from IBIT, nearly 107.10M from FBTC, 9.10M from BITB, 14.9M from BTCO, 600K from HODL, and around 3.4M from BRRR.

仅昨天，至少有371m流出了比特币现场ETF市场。至少35.50m的GBTC流出，距离IBIT约1513m，距离FBTC近107.10m，距BITB 9.10m，距BTCO 14.9m，距HODL 600K，距BRRR约340万。

Bitcoin’s apparent demand shrank by 103K last week, the fastest decline since July 2024.

比特币明显的需求上周缩小了103K，这是自2024年7月以来最快的下降。

At the start of March, the price of BTC was at $84,352.73. On the second day, it climbed to a peak of $94,302.78. This month, the market has suffered at least two serious corrections: a 8.55% correction on March 3 and a 13.27% correction between March 6 and 10. Yesterday, the BTC market grew from $78,629 to 82,922. Currently, the price stands at $82,706 – slightly below yesterday’s closing price.

在3月初，BTC的价格为84,352.73美元。第二天，它攀升至94,302.78美元的高峰。本月，市场至少遭受了两次严重的修正：3月3日至10日之间的8.55％更正和13.27％的纠正。昨天，BTC市场从78,629美元增长到82,922美元。目前，价格为82,706美元，略低于昨天的收盘价。

As per the report, the annual accumulation rate of investors has also dropped significantly.

根据该报告，投资者的年收益率也大大下降。

How Deep Will This Correction Go?

这种更正会多么深？

Right now, the price of Bitcoin is at least 32.39% below its all-time high. The BTC markert has witnessed a sharp correction.

目前，比特币的价格至少低32.39％。 BTC Markert目睹了急剧的纠正。

Valuation metrics suggest this correction is deeper than those seen in previous bull runs.

估值指标表明，这种校正比以前的公牛跑步中所看到的更深。

If demand remains weak, Bitcoin could enter a prolonged bearish phase.

如果需求仍然很弱，比特币可能会进入延长的看跌期。

In conclusion, Bitcoin is facing serious bearish pressure, with shrinking demand and negative signals from key metrics. While similar corrections have happened before, the depth of this downturn raises concerns about whether BTC is headed for a prolonged bear market.

总之，比特币面临着严重的看跌压力，需求不断减少和关键指标的负面信号。尽管以前已经发生了类似的更正，但这种低迷的深度引起了人们对BTC是否前往长时间熊市的担忧。