交易的网络价值（NVT）Golden Cross表明比特币（BTC）价格过高

根据今天早些时候发布的一份加密快速帖子，交易的网络价值（NVT）Golden Cross表明，比特币（BTC）目前拥有很高的市值，而网络交易量仍然很低。这引起了人们对BTC价格可能会膨胀的担忧。

CryptoQuant analyst BorisVest has warned that Bitcoin (BTC)’s troubles may not be over yet as the Network Value to Transactions (NVT) Golden Cross suggests that the cryptocurrency’s price decline could continue.

加密分析师BoriSvest警告说，比特币（BTC）的麻烦可能还没有结束，因为交易的网络价值（NVT）Golden Cross表明加密货币的价格下跌可能会持续。

In a recent Quicktake post, the analyst explained that a high market cap with low transaction volume indicates that Bitcoin’s price may be inflated due to speculative activity.

分析师在最近的QuickTake帖子中解释说，交易量较低的高市值表明，由于投机活动，比特币的价格可能会夸大。

NVT Golden Cross Suggests BTC Remains Overpriced

NVT Golden Cross建议BTC定价过高

Over the past seven days, BTC has dropped 5.5%, trading in the low $80,000 range. Earlier this month, the top cryptocurrency hit a potential local bottom at around $76,000, sparking hopes of an ensuing price rally.

在过去的七天中，BTC下降了5.5％，交易价格低至80,000美元。本月早些时候，最高加密货币的本地底部约为76,000美元，这引发了随后的价格集会的希望。

However, BorisVest says that BTC’s troubles may not be over yet as the NVT Golden Cross suggests that the cryptocurrency’s price decline could continue.

但是，Borisvest表示，BTC的麻烦可能还没有结束，因为NVT Golden Cross认为加密货币的价格下跌可能会持续下降。

For the uninitiated, the NVT Golden Cross is calculated by dividing the market capitalization of an asset by its network transaction volume. A high market cap with low transaction volume suggests that Bitcoin’s price may be inflated due to speculative activity.

对于初学者，NVT金十字是通过将资产的市值除以其网络交易量来计算的。交易量较低的高市值表明，由于投机活动，比特币的价格可能会膨胀。

This often leads to or indicates potential pullbacks. On the other hand, low market cap with high transaction volume indicates a strong buying opportunity.

这通常会导致或指示潜在的回调。另一方面，高交易量的低市值表明购买机会很强。

The NVT metric can be used for both short- and long-term analysis. As seen in the chart shared by the analyst, traders are advised to wait until the indicator moves into the green zone before making any buying decisions.

NVT指标可用于短期和长期分析。从分析师共享的图表中可以看出，建议交易者等到指标进入绿色区域后才做出任何购买决定。

Once the NVT indicator enters green territory, it would suggest that BTC’s market capitalization is low, while network transaction volume is rising – a scenario that presents a strong buying opportunity for investors and traders.

一旦NVT指标进入绿色领土，这将表明BTC的市值很低，而网络交易量正在上升 - 这种情况为投资者和交易者提供了强大的购买机会。

That said, the current position of the NVT indicator suggests that BTC’s price pullback is likely to continue. Additionally, the analysis suggests that Bitcoin’s recent price surge may have been driven by market manipulation.

也就是说，NVT指标的当前立场表明，BTC的价格下跌很可能会继续。此外，分析表明，比特币最近的价格涨幅可能是由市场操纵驱动的。

For BTC’s price to maintain its upward momentum in the long run, network transaction volume must increase sustainably.

为了使BTC在长期以来保持其上升势头，网络交易量必须可持续增加。

Meanwhile, fellow crypto analyst Ali Martinez has a different perspective on Bitcoin’s near-term price action.

同时，加密分析师阿里·马丁内斯（Ali Martinez）对比特币的近期价格行动有不同的看法。

BTC Traders Unlikely To Sell At Existing Prices

BTC交易者不太可能以现有价格出售

In an X post today, Martinez noted that BTC traders are currently sitting on an average unrealized loss of 14.57%. This could discourage them from selling at current prices and locking in a loss.

马丁内斯（Martinez）在今天的X帖子中指出，BTC交易者目前正处于平均未实现的损失14.57％。这可能会阻止他们以当前价格出售并锁定损失。

Several macroeconomic indicators suggest a potential trend reversal for BTC in the coming weeks or months. For instance, crypto analyst Master of Crypto recently highlighted that BTC could be on the verge of a bullish reversal, with the M2 money supply expected to increase.

几个宏观经济指标表明，在接下来的几周或几个月中，BTC的潜在趋势逆转。例如，加密货币分析师最近强调，BTC可能处于看涨的逆转的边缘，预计M2货币供应将增加。

Additionally, technical indicators also hint at a price rally. A noted crypto trader recently pointed out that BTC is following the bullish ‘megaphone pattern’.

此外，技术指标还暗示了价格集会。一位著名的加密货币交易员最近指出，BTC遵循看涨的“扩音器模式”。

At press time, BTC trades at $83,444, up 0.8% in the last 24 hours.

发稿时，BTC的交易价格为83,444美元，在过去24小时内增长了0.8％。