比特币矿工的位置指数（MPI）势头最近形成了一个跨界，这在历史上一直是该资产价格的看涨

比特币MPI在分析师的QuickTake帖子中解释了它的90天MA交叉超过365天

Bitcoin (BTC) has seen some weakness in its price over the last few days, but the asset may soon be due for another leg up. This is according to a key metric that has historically signaled the start of extended bullish periods for the cryptocurrency.

在过去的几天里，比特币（BTC）的价格有些弱点，但是资产可能很快就会造成另一条路。这是根据一个关键指标，该指标历史上表明了加密货币的长期看涨时期的开始。

Bitcoin Miners’ Outflows Show Bullish Momentum

比特币矿工的流出表明看涨势头

The metric in question is a derivative of the Bitcoin Miners’ Position Index (MPI). As its name suggests, the MPI is an on-chain indicator that tracks the ratio between the total miner outflows and their 365-day moving average (MA).

所讨论的度量是比特币矿工位置指数（MPI）的衍生物。顾名思义，MPI是一个链上的指标，该指标跟踪矿工总流量与其365天移动平均线（MA）之间的比率。

Naturally, the miner outflows here are the amounts of BTC (in USD) that are being transferred out of the wallets belonging to the network’s validators.

自然，这里的矿工流出是从属于网络验证器的钱包中转移出来的BTC（美元）的数量。

When the MPI is high, it means the miners are making more outflows than usual. The main reason why this cohort usually sells their tokens is for covering their operational costs. Hence, this kind of trend can be bearish for the asset’s price.

当MPI高时，这意味着矿工的流出比平常更多。该队列通常出售其令牌的主要原因是支付其运营成本。因此，这种趋势对于资产的价格可能是看跌。

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Conversely, the indicator being low suggests that the miners are withdrawing a lower number of coins than the average for the past year. Such a trend could be a sign that this group is preferring to hold for now.

相反，指标低表明，矿工撤回的硬币数量低于过去一年的平均值。这样的趋势可能表明该小组更喜欢目前持有。

An interesting derivative of the MPI is the MPI Momentum, which is the 90-day MA of the indicator divided by its 365-day MA. This metric highlights any changes in the momentum of the miner outflows.

MPI动量是MPI的一个有趣的衍生品，这是指标的90天MA除以365天MA。这指标突出显示了矿工流出的动量的任何变化。

Bitcoin Price May Soon Rally Again As Key Metric Shows Bullish Trend on ChainAnalysis.com

比特币价格可能很快再次集会，因为关键指标显示了ChainaNalsisy上的看涨趋势

As you can see from the above chart, the 90-day MA of the Bitcoin MPI has just crossed above the 365-day one. This pattern has historically signaled the start of an extended bullish period for the cryptocurrency.

从上图上可以看到，比特币MPI的90天MA刚刚超过365天的一杆。从历史上看，这种模式表明了加密货币的长期看涨时期的开始。

The last time that the two MAs of the MPI displayed this trend before the latest instance was back in December 2022, following which BTC went on to hit a new all-time high (ATH) a month later.

MPI的两个MAS上一次在最新实例回到2022年12月之前展示了这一趋势，此后BTC在一个月后继续达到了新的历史最高点（ATH）。

Bitcoin Price Analysis

比特币价格分析

At the time of writing, BTC is trading at $102,500, showing a slight gain of 0.5% in the last 24 hours and a 6% loss in the last seven days.

在撰写本文时，BTC的交易价格为102,500美元，在过去的24小时内略有0.5％，在过去7天内亏损6％。

The relative strength index (RSI) on the daily chart is around the 45 level, which shows that the asset has some room remaining in this cycle before miner selloff leads to a top.

每日图表上的相对强度指数（RSI）约为45级，这表明该资产在矿工抛售导致顶部之前剩下一些空间。