比特幣網絡活動指數閃爍熊市信號

鏈上數據顯示，比特幣網絡活動最近已下降到熊市區域。這是資產的意義。

A recent analysis by CryptoQuant delves into the implications of the Bitcoin network activity falling into the bear market zone, a development that may be unfolding despite the recent price recovery.

CryptoQuant最近的一項分析深入研究了比特幣網絡活動落入熊市區域的含義，儘管最近的價格恢復了，這種發展可能正在發展。

The cryptocurrency's network activity has been a subject of interest for traders and analysts, seeking to identify trends in user activity and their correlation with the BTC price movements.

加密貨幣的網絡活動一直是貿易商和分析師感興趣的主題，試圖確定用戶活動的趨勢及其與BTC價格變動的相關性。

The Network Activity Index, a key indicator created by CryptoQuant, integrates data points such as transaction count, daily active addresses, and other relevant activity indicators to provide a comprehensive view of the network utilization.

網絡活動索引是一個由加密量牌創建的關鍵指標，它集成了數據點，例如事務計數，每日活動地址和其他相關活動指標，以提供網絡利用率的全面視圖。

As highlighted in a CryptoQuant Quicktake post, the Bitcoin Network Activity Index has fallen into the bear phase, a signal that has traditionally been associated with bear markets, arriving prior to the price bottom in most instances.

正如在一個加密快速帖子中強調的那樣，比特幣網絡活動指數已進入熊階段，傳統上與​​熊市相關聯，在大多數情況下在價格最低點之前到達。

This red signal, visible in the chart below, persists even following the recent price recovery.

在下圖中可見的紅色信號甚至在最近的價格恢復之後仍然存在。

The chart showcases the Network Activity Index in relation to its 400, 900, and 1600 units moving averages. When the index falls below the 900 units MA, it typically signals a bear phase, whereas rising above it indicates a bull phase.

該圖表與其400、900和1600個單位移動平均值相關的網絡活動索引。當指數低於900個單位MA時，它通常標誌著熊相，而上升的上升則表示牛相。

The analysis mentions that there was one notable exception to the Network Activity Index signaling bear phases ahead of the market, which occurred during the second half of the 2021 bull run.

分析提到，網絡活動指數信號熊階段在市場前面發生的一個顯著例外，該熊發生在2021年公牛運行的下半場發生。

Despite the Index signaling a bear phase, Bitcoin experienced a period of bullish momentum, albeit limited by the lack of demand for using the network.

儘管指數表明熊階段，但比特幣經歷了一段時期的看漲勢頭，儘管受到使用網絡的需求不足的限制。

This observation may explain why, despite the bull run, the cryptocurrency's price failed to attain significantly higher highs than the May 2021 peak.

該觀察結果可能解釋了為什麼儘管公牛運行，但加密貨幣的價格未能達到高於2021年5月的峰值的高高。

However, despite the pessimistic implications of the Network Activity Index falling into the bear market zone, it's important to consider that this signal, despite being a valuable indicator, isn't perfect and can sometimes provide false signals.

但是，儘管網絡活動指數落入熊市區域的悲觀含義，但重要的是要考慮到該信號儘管是一個有價值的指標，但並不完美，有時可能會提供虛假信號。

Moreover, the analysis adds that in some other news, the combined market cap of the stablecoins has just reached a new all-time high (ATH), as the market intelligence platform IntoTheBlock has shared in an X post.

此外，分析還補充說，在其他新聞中，由於市場情報平台Intotheblock在X帖子中分享了市場情報平台，因此Stablecoins的聯合市值剛剛達到了新的歷史最高（ATH）。

The capital stored in the form of stablecoins may find its way into other cryptocurrencies like Bitcoin, so a rise in their market cap might be looked at as a bullish sign for the sector as a whole.

以穩定的形式存儲的資本可能會進入其他加密貨幣等其他加密貨幣，因此，他們的市值的上升可能被視為整個行業的看漲信號。