比特币恐惧和贪婪指数显示市场情绪已重置，为下一步推动做好准备

比特币 [BTC] 最近从 10.8 万美元调整至 9.25 万美元，目前交易价格为 9.8 万美元。这使得比特币的恐惧和贪婪价值降至中性

Bitcoin [BTC] began the week in a consolidation phase after dropping to lows of $92.5k on the 22nd of December. The recent sell-off saw the cryptocurrency lose support at $108k, and traders were left wondering whether BTC would attempt another push toward the all-time highs.

比特币 [BTC] 在 12 月 22 日跌至 9.25 万美元的低点后，本周开始进入盘整阶段。最近的抛售导致加密货币失去了 10.8 万美元的支撑，交易员们想知道 BTC 是否会尝试再次推向历史高点。

The sell-off also saw the Bitcoin Fear and Greed value drop to neutral levels after being in the extremes of ‘Extreme Fear’ and ‘Extreme Greed’ over the past few weeks. At press time, the F&G value stood at 56.

在过去几周处于“极度恐惧”和“极度贪婪”的极端状态之后，抛售还导致比特币恐惧和贪婪价值跌至中性水平。截至发稿时，F&G 值为 56。

Bitcoin Fear and Greed Index drops from ‘Extreme Greed’ to ‘Neutral’

比特币恐惧和贪婪指数从“极端贪婪”降至“中性”

After spending a majority of November in the ‘Extreme Fear’ zone, the Bitcoin Fear and Greed Index rose sharply. By the 11th of November, the F&G value reached ‘Extreme Greed,’ where it remained for almost a month. During this period, BTC rose by 24.6%.

在 11 月份的大部分时间都处于“极度恐惧”区域后，比特币恐惧和贪婪指数急剧上升。到11月11日，F&G值达到“极度贪婪”，并保持了近一个月。在此期间，BTC上涨了24.6%。

However, the bullish sentiment began to drop on the 12th of December, reaching ‘Neutral’ levels by the 23rd. This signaled a shift in the market sentiment, which could be attributed to the recent sell-off.

然而，看涨情绪从 12 月 12 日开始下降，到 23 日达到“中性”水平。这标志着市场情绪的转变，这可能归因于最近的抛售。

As a rule of thumb, buying when the sentiment is fearful and selling when it is greedy is generally advised. But during strong trends, like the one we saw over the past month, greedy readings can be accompanied by strong market-wide gains.

根据经验，通常建议在市场情绪恐惧时买入，在市场贪婪时卖出。但在强劲趋势期间，就像我们在过去一个月看到的那样，贪婪的读数可能会伴随着整个市场的强劲上涨。

Open Interest dropped sharply as speculators hesitated to go long

由于投机者犹豫是否做多，未平仓合约急剧下降

One of the other key metrics used to gauge the Bitcoin Fear and Greed sentiment is the Open Interest. According to Coinglass, BTC OI dropped from $68.13 billion to $60.21 billion in the past nine days.

用于衡量比特币恐惧和贪婪情绪的其他关键指标之一是未平仓合约。根据 Coinglass 的数据，过去 9 天，BTC OI 从 681.3 亿美元下降至 602.1 亿美元。

This massive drop in OI signaled that speculators were hesitant to go long on BTC futures. It also highlighted a lack of enthusiasm among futures market participants bullish on Bitcoin.

OI 的大幅下降表明投机者对于做多 BTC 期货犹豫不决。这也凸显了期货市场参与者对比特币看涨缺乏热情。

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Bitcoin’s mean coin age reverses after a two-month downtrend

比特币的平均币龄在经历两个月的下降趋势后出现逆转

While the sentiment across the market cooled down, there were some positives for BTC. One of the key accumulation metrics- mean coin age, had been trending down from late September to mid-December.

尽管整个市场情绪降温，但比特币也出现了一些积极因素。关键的积累指标之一——平均币龄，从 9 月下旬到 12 月中旬一直呈下降趋势。

However, this trend began to reverse over the past ten days, signaling accumulation, which was a strong bullish sign. It showed that older coins were being held onto.

然而，这种趋势在过去十天开始逆转，发出吸筹信号，这是一个强烈的看涨信号。这表明较旧的硬币被保留。

The 90-day MVRV ratio was at 9.46%, showing that on average, holders within this time window were at a decent profit. Despite being in the green, the 90-day MVRP ratio has been trending downward for nearly six weeks.

90天MVRV比率为9.46%，表明平均而言，该时间窗口内的持有者获得了可观的利润。尽管呈绿色，但 90 天 MVRP 比率在近六周内一直呈下降趋势。

This highlighted that selling pressure from short to medium-term holders’ profit-taking would likely have a minimal impact in the coming days. Together, these clues signaled that Bitcoin was gearing up for another push.

这凸显出短期至中期持有者获利了结带来的抛售压力可能在未来几天内产生的影响很小。这些线索共同表明，比特币正在为另一次推动做好准备。