比特币MVRV死十字架引起了对下压力的担忧

来自CryptoQuant的最新数据在比特币MVRV比率运动上发现了一些问题。如今，来自CryptoFant的数据确定了比特币市场的罕见但潜在的看跌信号。

Latest data from CryptoQuant has spotted some issues over Bitcoin MVRV ratio movement. Today, data from CryptoQuant identified an appearance of rare, but potential bearish signal for Bitcoin market. Yonsei Dent, a crypto analyst from CryptoQuant, spotted a formation of a MVRV Death Cross on Bitcoin, raising concerns over a falling market risk.

来自CryptoQuant的最新数据在比特币MVRV比率运动上发现了一些问题。如今，来自CryptoFant的数据确定了比特币市场的罕见但潜在的看跌信号。来自加密货币的加密分析师Yonsei Dent在比特币上发现了MVRV死亡十字架的形成，引起了人们对市场风险下降的担忧。

MVRV Dead Cross Signals Mounting Downside Risk

MVRV死亡交叉信号安装下行风险

“In early March, the 30DMA crossed below the 365DMA — a bearish dead cross — signaling weakening short-term momentum and growing downward pressure.

“ 3月初，30DMA越过365DMA（看跌的死十字），这表明短期动量减弱并向下压力增长。

…With the MVRV now converging toward its long-term historical average, it appears that the market is pricing in an MVRV multiple around 10x to 15x, a level typically reached during market bottoms.”

…随着MVRV现在趋向于其长期历史平均水平，看来市场的价格在10倍至15倍左右的MVRV倍数中，通常在市场底部达到的水平。”

According to latest metrics reported by the CryptoQuant analyst, Bitcoin’s 30-day moving average (DMA) has tremendously dropped, a decrease that has brought it to cross under the 365-day moving day average (DMA). This situation is commonly known as a “death cross.”

根据加密分析师报道的最新指标，比特币的30天移动平均线（DMA）大幅下降，这一减少使其越过365天移动日平均值（DMA）。这种情况通常被称为“死亡十字架”。

According to Yonsei, "In early March, the 30DMA crossed below the 365DMA—a bearish 'dead cross'—signaling weakening short-term momentum and growing downward pressure. As the chart shows, this type of double cross occured during previous market bottoms in 2011, 2015, and 2019."

根据Yonsei的说法，“ 3月初，30DMA越过365DMA（看跌的'Dead Cross” - 信号降低了短期动量和向下压力的增长。如图所示，这种类型的双交叉在2011年，2015年和2019年的先前市场底部发生了这种双重交叉。”

"The lower timeframe chart provides a closer look at the 30DMA dropping below the 365DMA. This event is quite rare, occuring only a few times before. As the chart shows, this type of double cross occured during previous market bottoms in 2011, 2015, and 2019.

“较低的时间表图可仔细观察30DMA以下的30DMA。此事件非常罕见，发生在几次之前。如图所示，这种类型的双交叉在2011年，2015年和2019年的先前市场底部发生。

"In March 2011, following the 50 MA (blue) dropping below the 200 MA (red) on the lower timeframe chart, Bitcoin experienced further decline, finally hitting bottom around $1. In December 2015, the 50 MA crossed below the 200 MA, and afterwards, Bitcoin continued to drop, finally hitting bottom around $330. And in March 2019, the 50 MA went below the 200 MA, and afterwards, Bitcoin went on to hit bottom around $3,000."

在2011年3月，在较低的时间范围图表上的50 mA（蓝色）下降到200 mA（红色）以下之后，比特币进一步下降，最终在1美元左右下跌。2015年12月，50 mA越过200 mA，然后比特币继续下降，随后，比特币继续下降，最终在330美元左右下跌了$ 330，在2019年3月左右，在2009年左右跌至200 ma。

"It is important to note that, in the past, such indicators were often accompanied by price consolidations after the event, and so it might be useful to keep an eye on this indicator in the coming weeks."

“重要的是要注意，过去，此类指标经常伴随着事件发生后的价格合并，因此在接下来的几周内关注此指标可能很有用。”

"The 30-day moving average (DMA) has decreased significantly, finally crossing below the 365-day moving average (DMA) in early March. This is an unusual occurrence, as the 30-DMA typically trades above the 365-DMA during periods of strong bullish momentum."

“ 3月3日的30天移动平均线（DMA）显着下降，最终越过3月初的365天移动平均线（DMA）。这是一种不寻常的情况，因为在强劲的看涨势头期间，30-DMA通常在365-DMA上进行交易。”

"However, as the chart shows, this type of double cross occured during previous market bottoms in 2011, 2015, and 2019. After the 50 MA (blue) crossed below the 200 MA (red) on the lower timeframe chart, Bitcoin experienced further decline, finally hitting bottom around $1. After the 50 MA crossed below the 200 MA, Bitcoin continued to drop, finally hitting bottom around $330. After the 50 MA went below the 200 MA, Bitcoin went on to hit bottom around $3,000."

“但是，如图所示，这种类型的双交叉发生在2011年，2015年和2019年的先前市场底部发生。在较低的时间范围图表上的50 mA（蓝色）越过200 mA（红色）以下低于200 mA（红色）之后，比特币进一步下降，最终在底部下降了1美元，在50 ma左右左右。在200 ma以下的50 ma越过200 ma之后，比特币继续下降到底部，在底部左右，在50 Ma上跌落了50 MA，在50 MA上跌落了50 MA，在50 Ma上跌落了50 Ma。 $ 3,000。”

"It is important to note that, in the past, such indicators were often accompanied by price consolidations after the event, and so it might be useful to keep an eye on this indicator in the coming weeks."

“重要的是要注意，过去，此类指标经常伴随着事件发生后的价格合并，因此在接下来的几周内关注此指标可能很有用。”

"The implication of this convergence is that the market is now pricing in an MVRV multiple of around 10x to 15x, a level typically reached during market bottoms. This suggests that, despite the recent market downturn, we might be nearing a point where Bitcoin is once again becoming undervalued."

“这种融合的含义是，市场现在以大约10倍至15倍的MVRV倍数定价，通常在市场底部达到的水平。这表明，尽管最近的市场下滑了，但我们可能正在接近比特币再次被低估的比特币。”

"It is also worth noting that the MVRV ratio has been used by analysts to predict previous market bottoms with surprising accuracy. For instance, during the 2019 bear market, when the MVRV ratio fell below 10x, it signaled the beginning of a strong upward trend that led to new highs.

“还值得注意的是，分析师已经使用了MVRV比率以令人惊讶的准确性来预测先前的市场底层。

"While there are no clear indicators of a bottom yet, it is something to keep in mind as we observe the unfolding market dynamics."

“虽然尚无清楚的底层指标，但是当我们观察到不断发展的市场动态时，要记住这一点。”

"Finally, the chart shows that the 30DMA has decreased significantly, finally crossing below the 365DMA in early March. This is an unusual occurrence, as the 30DMA usually trades above the 365DMA during periods of strong bullish momentum.

“最后，图表显示30DMA显着下降，最后在3月初越过365DMA。这是一种不寻常的情况，因为在强劲的看涨势头期间，30DMA通常在365DMA以上交易。

"However, as the chart shows,

“但是，正如图表所示，