比特幣（BTC）與黃金比率閃爍潛在的預警信號：分析師

彭博情報公司X上的高級宏觀策略師邁克·麥格隆（Mike McGlone）表示，加密貨幣市場中出現了潛在的預警信號。

A senior macro strategist at Bloomberg Intelligence has pointed out an early warning sign that emerged in the crypto markets, as new data showed Bitcoin’s strength over stock markets.

彭博情報公司（Bloomberg Intelligence）的一位高級宏觀策略師指出了一個預警信號，即加密貨幣市場出現，因為新數據顯示了比特幣對股票市場的實力。

According to Mike McGlone, who shared his insights on X (formerly Twitter), a potential early warning sign emerged in the crypto markets, as new data showed Bitcoin’s (BTC) strength over stock markets is now being recognized, but the Bitcoin to Gold ratio has started to decline.

根據對X（以前為Twitter）的見解的邁克·麥格隆（Mike McGlone）的說法，加密貨幣市場中出現了潛在的預警信號，因為新數據顯示，現在已經認識到比特幣對股票市場的（BTC）的實力，但比特幣與黃金比率已經下降了。

This divergence could be a warning of underlying weakness in BTC’s momentum, despite the narrative that suggests otherwise.

儘管有敘述，但這種差異可能是BTC勢頭中潛在弱點的警告。

Bitcoin’s Performance Compared to S&P 500

比特幣的性能與標準普爾500指數相比

McGlone shared a Bloomberg Intelligence chart to breakdown BTC and Gold further. Two main comparisons were being tracked by the chart: the ratio of BTC to Gold, and the ratio of Bitcoin to S&P 500.

麥格隆（McGlone）分享了彭博情報表，以進一步擊穿BTC和黃金。圖表正在跟踪兩個主要的比較：BTC與黃金的比率以及比特幣與標準普爾500的比率。

Source: X @mikemcglone11

資料來源：x @mikemcglone11

The visual data shows that the Bitcoin/S&P 500 ratio (orange line, measured y-axis on the right) has recently spiked back up to near 16.7. This suggests that the leading crypto asset is performing relatively well against equities.

視覺數據表明，比特幣/標準普爾500比例（橙色線，右側測量的Y軸）最近飆升至接近16.7。這表明領先的加密資產對股票的表現相對較好。

However, the Bitcoin/Gold ratio (as charted with the dark blue line using the left-hand axis) has begun to fall, showcasing the digital currency’s dwindling power in comparison to gold, a classic safe-haven investment.

但是，比特幣/黃金比率（使用左側軸的深藍色線圖表）已經開始下降，與經典的安全投資Gold相比，數字貨幣的減少功率展現了。

This lower graph is also signaling a downturn with the line headed downward and displaying a negative value of -1.7. The visual contrast between BTC’s strength over stocks and its weakening position against gold raises questions about whether this current rally in BTC is sustainable or rather a facade for deeper fragilities.

該較低的圖還向下行線向下行駛並顯示為-1.7的衰退。 BTC對股票的強度與其與黃金的弱勢群體之間的視覺對比引發了有關BTC中這種集會是否可持續的疑問，或者是更深層次的脆弱性的外牆。

According to McGlone, this breakdown could be more than just a short-term dip. It may point to an early warning sign of a wider market sentiment collapse. McGlone’s analysis is a concerning note, as the historical significance of the BTC to Gold ratio as a leading indicator cannot be overstated.

據McGlone稱，這種崩潰不僅僅是短期下降。這可能指出了更廣泛的市場情緒崩潰的預警信號。 McGlone的分析是關於註釋的，因為BTC與黃金比率作為主要指標的歷史意義不能被誇大。