比特币的 NVT 黄金十字在价格下跌之前发出过热信号

比特币NVT金十字指标根据其市值和交易量评估比特币是否被高估或低估，最近达到3.17，表明潜在的高估。这次飙升与比特币价格最近的局部顶部同时发生，并且历史上与价格调整有关。目前，该指标已经降温，表明过热状况可能已经消退。然而，NVT Golden Cross 的进一步下跌可能预示着价值被低估的状态。

Bitcoin's NVT Golden Cross Indicator Flashes Overheating Signal Prior to Recent Price Correction

比特币的 NVT 黄金十字指标在近期价格调整之前闪烁过热信号

November 22, 2021

2021 年 11 月 22 日

The Bitcoin Network Value to Transactions (NVT) Golden Cross indicator, a technical analysis tool used to assess the relationship between Bitcoin's market capitalization and its transaction volume, surged to elevated levels coinciding with the recent local peak in the cryptocurrency's price.

比特币网络交易价值（NVT）金十字指标是一种用于评估比特币市值与其交易量之间关系的技术分析工具，该指标飙升至较高水平，与近期加密货币价格的局部峰值相一致。

NVT Golden Cross Signals Overvaluation

不适用 金十字信号高估

The NVT ratio measures the ratio of Bitcoin's market capitalization to its transaction volume, providing insights into whether the asset is fairly priced. A high NVT reading suggests that the price is high relative to its transaction volume, potentially indicating overvaluation.

NVT比率衡量比特币市值与其交易量的比率，提供有关资产定价是否公平的见解。 NVT 读数较高表明价格相对于交易量较高，可能表明估值过高。

The NVT Golden Cross is a variation of the NVT ratio that compares the short-term (10-day moving average) NVT with the long-term (30-day moving average) NVT. Historically, values above 2.2 have signaled overheating conditions, while values below -1.6 have suggested undervaluation.

NVT Golden Cross 是 NVT 比率的一种变体，用于比较短期（10 天移动平均线）NVT 与长期（30 天移动平均线）NVT。从历史上看，高于 2.2 的值表明过热状况，而低于 -1.6 的值则表明估值被低估。

Overheated Signal Preceded Price Correction

价格修正之前的过热信号

As Bitcoin's price rallied towards $71,000, the NVT Golden Cross surged to 3.17, a level not seen since the previous bull market in 2017. This surge indicated that the asset had become significantly overvalued, and it was followed by a sharp correction that took Bitcoin's price below $65,000.

随着比特币价格上涨至 71,000 美元，NVT 黄金交叉指数飙升至 3.17，这是自 2017 年上一次牛市以来的最高水平。这一飙升表明该资产已被严重高估，随后比特币价格出现大幅回调低于 65,000 美元。

Historical Precedents

历史先例

Historical data shows that similar instances of the NVT Golden Cross reaching these high levels have often preceded price corrections. In the past, such overheated signals have acted as indicators of market tops.

历史数据显示，NVT Golden Cross 达到如此高水平的类似情况通常发生在价格调整之前。过去，这种过热信号一直是市场见顶的指标。

Indicator Cools After Price Correction

价格修正后指标冷却

Since the most recent overheated signal, the NVT Golden Cross has cooled off alongside Bitcoin's price. However, it remains in positive territory, suggesting that the market is still not undervaluing the asset.

自最近的过热信号以来，NVT Golden Cross 与比特币的价格一起降温。然而，它仍然处于正值区域，表明市场仍未低估该资产的价值。

Bitcoin Rebounds After Correction

比特币回调后反弹

Over the past day, Bitcoin has recovered from its recent correction, climbing back to $67,800. It remains to be seen whether this recovery will be sustained or if the market will continue to adjust to the overheating signal.

过去一天，比特币从最近的回调中恢复过来，回升至 67,800 美元。这种复苏能否持续，或者市场是否会继续根据过热信号进行调整，还有待观察。

Conclusion

结论

The Bitcoin NVT Golden Cross indicator has served as a timely warning of overvaluation in the recent bull market. Investors should be aware of the potential risks associated with overheated market conditions and monitor technical indicators like the NVT Golden Cross to make informed trading decisions.

比特币NVT黄金十字指标在最近的牛市中及时发出了估值过高的警告。投资者应意识到与过热市场状况相关的潜在风险，并监控 NVT Golden Cross 等技术指标，以做出明智的交易决策。