尽管所有估值指标都指向看跌市场，但比特币时钟增长了7％

在过去24小时内，比特币在过去的24小时内提高了7％的收益，尽管其所有估值指标都倾向于看跌，而美国最近的需求正在消失。

Bitcoin price clocked a 7% gain over the past 24 hours despite all of its valuation metrics leaning bearish and US demand recently waning off.

尽管比特币的所有估值指标都倾向于看跌，但比特币的价格在过去24小时内达到了7％的收益，最近我们的需求正在减弱。

Onchain analytics platform CryptoQuant said in a March 11 markets report that Bitcoin’s Bull-Bear Market Cycle Indicator is at its “most bearish level” of this cycle, and Bitcoin’s MVRV Ratio Z-score — a key metric to assess whether Bitcoin (BTC) is overvalued or undervalued — has crossed the 365-day moving average, “indicating that the upward price trend has lost momentum.”

OnChain Analytics平台CryptoQuant在3月11日的市场报告中说，比特币的牛市市场周期指标处于本周期的“最看跌水平”，比特币的MVRV比率z得分z得分 - 这是评估比特币（BTC）的关键指标（BTC）是否被忽略还是不足以触发365日的趋势，而平均值则损失了趋势，“平均值”是“平均值”。

At the time of publication, Bitcoin is trading at $82,910, up from a 24-hour low of $79,356, according to CoinMarketCap data.

根据CoinMarketCap的数据，在出版时，比特币的交易价格高达24小时低点的24小时低点。

CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator is at its ‘most bearish level’ this cycle. Credit: CryptoQuant

CryptoQuant的比特币牛市市场周期指标在本周期处于其“最看跌的水平”。图片来源：加密量

Bitcoin has spiked 7.5% over the past 24 hours as the US market steaded on March 11 after plunging a day earlier after US President Donald Trump refused to rule out that a recession was on the cards.

在过去的24小时内，比特币在过去的24小时内飙升了7.5％，因为美国总统唐纳德·特朗普（Donald Trump）拒绝排除衰退正在遇到卡片，美国市场于3月11日稳步下降。

Most of Bitcoin’s gains followed Senator Cynthia Lummis’ reintroduction of the BITCOIN Act, which proposes that the US government buy 1 million BTC over five years.

比特币参议员辛西娅·鲁米斯（Cynthia Lummis）重新引入《比特币法》之后，比特币的收益大部分，该法案建议美国政府在五年内购买了100万BTC。

Bitcoin is trading at $82,910 at the time of publication. Credit: CoinMarketCap

出版时，比特币的交易价格为82,910美元。信用：CoinMarketCap

However, some traders are not convinced that the downtrend is over.

但是，一些交易者不相信下降趋势已经过去。

Crypto analyst Bitcoin Rachy said in an X post, “Fake pump, right?” Similarly, crypto trader BitcoinHyper said in an X post, “Every pump feels like the beginning. This is how the market takes your money.”

加密分析师比特币Rachy在X帖子中说：“假泵，对吗？”同样，加密交易者比特币海里在X帖子中说：“每个泵都感觉像是开始。这就是市场赚钱的方式。”

Meanwhile, CryptoQuant said that Bitcoin’s demand fell by 103,000 BTC last week compared to the previous week, “marking its fastest pace of contraction since July 2024.”

同时，加密素养表示，比特币的需求上周比上周相比下跌了103,000 BTC，“标志着自2024年7月以来的收缩速度最快。”

Bitcoin demand in ‘contradiction territory’

“矛盾领土”中的比特币需求

CryptoQuant said the reason for the decline in Bitcoin’s demand in the US recently was due to uncertainty around US inflation rates and US President Donald Trump’s imposed tariffs on Feb. 1. On March 7, Federal Reserve chair Jerome Powell reiterated that he was in no hurry to adjust interest rates.

CryptoQuant表示，最近美国比特币需求下降的原因是由于美国通货膨胀率的不确定性以及美国总统唐纳德·特朗普（Donald Trump）于2月1日征收关税。3月7日，美联储鲍威尔（Jerome Powell）重申，他不着急调整利率。

“Bitcoin demand remains in contradiction territory, whales have slowed down their Bitcoin accumulation, and spot ETFs in the US have become net sellers of Bitcoin,” the firm said.

该公司说：“比特币需求仍然存在矛盾的领土，鲸鱼的积累减慢了，美国的现场ETF已成为比特币的净销售商。”

See Also: 4 signs that $76.7K Bitcoin is probably the ultimate low

另请参阅：4个迹象表明$ 76.7K比特币可能是最终的低点

Bitcoin is still down 14% over the past month, and CryptoQuant says the drawdown is not “unusual in terms of magnitude, as similar corrections have occurred in past bull markets.”

在过去的一个月中，比特币仍然下降了14％，而隐式币表示，由于过去的牛市已经发生了类似的校正，因此“在数量范围内”的缩减并不是异常的。”

However, it warned if Bitcoin that breaks its current support at the $75,000 to $78,000 price level, its next target could be as low as $63,000, a level not seen since Oct. 14.

但是，它警告说，如果比特币将目前的支持打破了75,000美元至78,000美元的价格水平，其下一个目标可能低至63,000美元，这是10月14日以来未见的水平。

Recently, Swan Bitcoin CEO Cory Klippsten told CryptoQuant his forecast is that “there’s more than 50% chance we will see all-time highs before the end of June this year.” Bitcoin’s current all-time high of $109,000 was reached on Jan. 20.

最近，天鹅比特币首席执行官Cory Klippsten告诉CryptoQuant他的预测是：“今年6月底之前，我们有50％以上的机会会看到历史最高点。” 1月20日，比特币目前的历史最高额为109,000美元。