MakerDAO 代币销售将 MKR 与以太坊分离，引发市场猜测

由于 MakerDAO 出售代币，Maker (MKR) 见证了与以太坊 (ETH) 的价格脱钩。链上分析表明，如果抛售压力消退，价格可能反弹至 3,545 美元，正如负的市场价值与已实现价值比率 (MVRV) 和较低的已实现上限所表明的那样。然而，相对强弱指数 (RSI) 和资金流量指数 (MFI) 等技术指标表明抛售压力持续存在，这可能导致价格跌破 2,800 美元。

MakerDAO's Token Sales Uncouple MKR from Ethereum, Prompting Market Speculation

MakerDAO 的代币销售将 MKR 与以太坊脱钩，引发市场猜测

In a recent market development, MakerDAO's sale of Maker (MKR) tokens has triggered a divergence in the price of MKR from its historical correlate, Ethereum (ETH). This uncoupling has raised eyebrows among market analysts and prompted speculation about the future trajectory of MKR.

在最近的市场发展中，MakerDAO 出售 Maker (MKR) 代币引发了 MKR 与其历史相关物以太坊 (ETH) 的价格背离。这种脱钩引起了市场分析师的关注，并引发了人们对 MKR 未来发展轨迹的猜测。

Multisign Wallet Activity Impacts MKR Price

多签钱包活动影响 MKR 价格

Over the past two weeks, a multisign wallet linked to MakerDAO has transferred approximately $14.4 million worth of MKR to various exchanges, including Binance, Coinbase, and Kraken. This activity has coincided with a decline in MKR's price, suggesting a correlation between the token sales and its market value.

在过去的两周里，与 MakerDAO 关联的多重签名钱包已将价值约 1440 万美元的 MKR 转移到各个交易所，包括 Binance、Coinbase 和 Kraken。这一活动与 MKR 价格下跌同时发生，表明代币销售与其市场价值之间存在相关性。

Decoupling from Ethereum

与以太坊脱钩

Notably, MKR's price movement has deviated from that of ETH in recent times. While ETH has witnessed an increase of 1.48% within the same period that MKR has dropped by 3.84%, this divergence underscores the impact of MakerDAO's token sales on MKR's market dynamics.

值得注意的是，近期 MKR 的价格走势与 ETH 的价格走势有所偏离。尽管 ETH 上涨了 1.48%，而 MKR 却下跌了 3.84%，但这种差异凸显了 MakerDAO 代币销售对 MKR 市场动态的影响。

Market Value to Realized Value Ratio Indicates Potential Bounce

市场价值与已实现价值的比率表明潜在的反弹

Despite the decline in MKR's price, the Market Value to Realized Value Ratio (MVRV), a metric that gauges profitability and valuation, has signaled a potential rebound. Historically, when the 30-day MVRV ratio falls to levels similar to those currently observed (-15.19%), the price of MKR has experienced a subsequent rise.

尽管 MKR 的价格下跌，但衡量盈利能力和估值的指标——市场价值与已实现价值比率 (MVRV) 已显示出潜在反弹的信号。从历史上看，当 30 天 MVRV 比率下降到与当前观察到的水平（-15.19%）类似时，MKR 的价格会经历随后的上涨。

One-Day Realized Cap Supports Rebound Theory

一日已实现上限支持反弹理论

The one-day Realized Cap, which measures the total value of MKR in circulation, is also in line with the MVRV ratio's indication. The decline in the Realized Cap suggests that old tokens are realizing profits, potentially leading to an undervalued market condition and a potential price bottom.

衡量流通中 MKR 总价值的一日已实现上限也符合 MVRV 比率的指示。已实现上限的下降表明旧代币正在实现利润，可能导致市场状况被低估和潜在的价格底部。

Technical Analysis Suggests Mixed Signals

技术分析显示混合信号

From a technical perspective, the Relative Strength Index (RSI) for MKR has fallen below the zero midpoint, indicating a bearish momentum for the token. This may suggest further price declines. However, a rebound could be in sight if the RSI reaches 30.00, indicating an oversold condition.

从技术角度来看，MKR 的相对强度指数（RSI）已跌破零中点，表明该代币的看跌势头。这可能表明价格进一步下跌。然而，如果 RSI 达到 30.00，表明超卖状况，反弹可能就在眼前。

Fibonacci Indicator Shows Potential Upside

斐波那契指标显示潜在的上涨空间

The 0.786 Fibonacci indicator suggests that if an oversold condition triggers a rebound, MKR's price could climb to $3,740 in the short to midterm. However, before this potential surge, the Money Flow Index (MFI) indicates that capital is flowing out of MKR, potentially leading to further price declines.

0.786 斐波那契指标表明，如果超卖状况引发反弹，MKR 的价格可能会在中短期内攀升至 3,740 美元。然而，在这种潜在的飙升之前，资金流量指数（MFI）表明资金正在流出 MKR，可能导致价格进一步下跌。

Conclusion

结论

The recent sale of MKR tokens by MakerDAO has had a significant impact on the token's market dynamics, uncoupling it from its previous correlation with ETH. The MVRV ratio and one-day Realized Cap suggest a potential rebound in MKR's price, while technical analysis provides mixed signals. As such, investors should monitor the market closely and consider both fundamental and technical factors to make informed investment decisions.

MakerDAO 最近出售 MKR 代币对该代币的市场动态产生了重大影响，使其脱离了之前与 ETH 的相关性。 MVRV 比率和单日已实现上限表明 MKR 价格可能出现反弹，而技术分析则提供了复杂的信号。因此，投资者应密切关注市场并考虑基本面和技术因素，以做出明智的投资决策。