摩根大通警告市场调整中比特币超买

尽管比特币持续回调，摩根大通认为其仍处于超买状态。该银行注意到现货比特币 ETF 的流入放缓和流出增加，这表明在比特币减半事件之前可能存在获利了结。摩根大通预计，随着市场乐观情绪消退和比特币供应减少，比特币价值可能会继续下跌。

JPMorgan Cautions on Bitcoin Overbought Status Amidst Market Correction

摩根大通对市场调整中比特币超买状况发出警告

Financial behemoth JPMorgan has weighed in on the recent volatility in the cryptocurrency market, expressing concerns that Bitcoin remains overbought despite ongoing price declines.

金融巨头摩根大通对近期加密货币市场的波动进行了评估，表示担心尽管价格持续下跌，但比特币仍处于超买状态。

Market Dynamics

市场动态

Over the past week, the cryptocurrency market has witnessed a broad-based correction, with Bitcoin leading the downturn. The flagship digital asset has shed over 4% of its value in the past seven days. JPMorgan believes that this sell-off could persist in the lead-up to the upcoming Bitcoin Halving Event.

过去一周，加密货币市场出现了广泛的回调，比特币领跌。在过去 7 天里，这一旗舰数字资产的价值已缩水超过 4%。摩根大通认为，在即将到来的比特币减半事件之前，这种抛售可能会持续下去。

Spot Bitcoin ETF Flows

比特币 ETF 现货流量

Inflows into spot Bitcoin exchange-traded funds (ETFs) have decelerated in recent days, while outflows have spiked significantly. This development has cast doubt on the sustainability of the ETF inflows that had previously supported Bitcoin's upward momentum.

最近几天，流入现货比特币交易所交易基金（ETF）的资金有所放缓，而资金流出却大幅增加。这一事态发展让人们对此前支持比特币上涨势头的 ETF 资金流入的可持续性产生了怀疑。

Analyst View

分析师观点

JPMorgan analyst Nikolaos Panigirtzoglou noted that "considerable optimism" persists in the market regarding Bitcoin's potential for further appreciation by year-end. However, he cautioned that "a significant component of that optimism" stems from expectations of sustained inflows into spot Bitcoin ETFs, even as the supply of Bitcoin diminishes after the Halving Event.

摩根大通分析师 Nikolaos Panigirtzoglou 指出，市场对比特币到年底进一步升值的潜力仍然抱有“相当乐观的态度”。然而，他警告说，“这种乐观情绪的一个重要组成部分”源于对现货比特币 ETF 持续流入的预期，尽管减半事件后比特币的供应量有所减少。

Overbought Signal

超买信号

Despite the recent correction, JPMorgan maintains that Bitcoin remains overbought. The bank's analysis suggests that the current market conditions are not conducive to sustained upward price action.

尽管最近出现调整，摩根大通仍坚持认为比特币仍然超买。该银行的分析表明，当前的市场状况不利于价格持续上涨。

Implications for Investors

对投资者的影响

JPMorgan's cautionary stance highlights the potential risks associated with investing in Bitcoin, particularly in the current market environment. Investors should exercise prudence and consider the possibility of further price declines before making investment decisions.

摩根大通的谨慎立场凸显了投资比特币的潜在风险，特别是在当前的市场环境下。投资者在做出投资决定前应谨慎行事，并考虑价格进一步下跌的可能性。

Current Market Conditions

目前的市场状况

At the time of writing, Bitcoin is trading in the red, hovering around $65,850. The broader cryptocurrency market is also experiencing weakness, with most major digital assets posting losses.

截至撰写本文时，比特币交易出现亏损，徘徊在 65,850 美元左右。更广泛的加密货币市场也出现疲软，大多数主要数字资产都出现亏损。