宏观策略师拉尔·帕尔（Raoul Pal）在最近的市场波动中概述了他对加密投资者的前景

宏观策略师拉尔·帕尔（Raoul Pal）在最近的市场波动中分享了他对加密投资者的看法，强调耐心和适当的风险管理是必不可少的

Macro strategist Raoul Pal has shared his outlook for crypto investors amid recent market volatility, emphasizing the need for patience and proper risk management to navigate this correction.

宏观策略师Raoul Pal在最近的市场波动中分享了他对加密投资者的看法，强调需要耐心和适当的风险管理来驾驶这一更正。

What Happened: In a recent podcast episode, Pal discussed the factors contributing to the downturn, which he sees as part of a normal bull market correction.

发生的事情是：在最近的播客中，Pal讨论了导致低迷的因素，他认为这是正常的牛市校正的一部分。

"We’ve got global financial conditions tightening. Financial conditions tightened last year due to the dollar rallying in anticipation of Trump and rising rates ahead of potential tariffs," Pal explained.

帕尔解释说：“我们的财务状况正在加剧。由于预期特朗普和潜在关税的利率上升，去年的财务状况收紧了。”

His advice to investors boils down to managing risk effectively.

他对投资者的建议归结为有效地管理风险。

"If you’re using leverage, you are going to get blown out and you’re going to lose control of your tokens. If you’re not using leverage and you have a good risk-management system, you’re going to be okay," he added.

他补充说：“如果使用杠杆作用，您将被炸毁，并且将失去对代币的控制。如果您不使用杠杆并且拥有良好的风险管理系统，那么您会没事的。”

Pal also referenced his M2 money supply model, which he developed with analyst Julian Batella, to predict Bitcoin's BTC/USD price movements with a 10-week lag.

帕尔还与分析师朱利安·巴特拉（Julian Batella）一起开发了他的M2货币供应模型，以预测比特币的BTC/USD价格变动，其滞后时间为10周。

Commenting on Solana's SOL/USD price decline of 53% from its all-time high, Pal dismissed claims that the asset is failing.

PAL在评论Solana的SOL/USD价格下跌53％时，驳回了该资产失败的说法。

"It’s still a very deep and robust protocol. It's not a scam coin, it's not a dead coin, and it's not a failure. People saying these things are just making stuff up," Pal stated.

帕尔说：“这仍然是一个非常强大而强大的协议。这不是骗子硬币，不是死硬币，也不是失败。人们说这些东西只是在制造东西。”

He further noted that SOL's price seems undervalued compared to global M2 trends, which could indicate potential for significant recovery.

他进一步指出，与全球M2趋势相比，SOL的价格似乎被低估了，这可能表明有可能重大恢复。

"If you look at the global M2 trends, Solana has a lot further to go down to be in line with the trends that we’re seeing."

“如果您查看全球M2趋势，Solana还有很多事情要符合我们所看到的趋势。”

See More: Best Cryptocurrency Scanners

查看更多：最佳加密货币扫描仪

What's Next: Despite the short-term market turbulence, Pal remains optimistic about the bigger picture.

接下来是：尽管短期市场动荡，但PAL仍然对更大的情况保持乐观。

He expects the market to recover by mid-March, calling the current phase the "healing stage."

他预计市场将在3月中旬恢复，将当前阶段称为“治愈阶段”。

"I think we’ll see the Banana Zone continue in April, May, and June, and we’ll get the second phase of the Banana Zone, which is the Banana Split, and then we’ll get Banana III, which is the Banana Republic."

“我认为我们将看到香蕉区将在4月，5月和6月继续进行，我们将获得香蕉区的第二阶段，即香蕉拆分，然后我们将获得香蕉III，即香蕉共和国。”

As the market recovers, Pal predicts a continuation of the Banana Zone, marking a significant bullish period for the crypto space.

随着市场的恢复，PAL预测了香蕉区的延续，标志着加密货币空间的看涨时期。

Image: Raoul Pal via Bankless

图片：Raoul Pal通过无岸