比特币（BTC）与黄金比率闪烁潜在的预警信号：分析师

彭博情报公司X上的高级宏观策略师迈克·麦格隆（Mike McGlone）表示，加密货币市场中出现了潜在的预警信号。

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.

彭博情报公司（Bloomberg Intelligence）的一位高级宏观策略师指出了一个预警信号，即加密货币市场出现，因为新数据显示了比特币对股票市场的实力。

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.

根据对X（以前为Twitter）的见解的迈克·麦格隆（Mike McGlone）的说法，加密货币市场中出现了潜在的预警信号，因为新数据显示，现在已经认识到比特币对股票市场的（BTC）的实力，但比特币与黄金比率已经下降了。

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

尽管有叙述，但这种差异可能是BTC势头中潜在弱点的警告。

Bitcoin’s Performance Compared to S&P 500

比特币的性能与标准普尔500指数相比

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.

麦格隆（McGlone）分享了彭博情报表，以进一步击穿BTC和黄金。图表进行了两个主要比较：BTC与黄金的比率以及比特币与标准普尔500的比率。

Source: X @mikemcglone11

资料来源：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.

视觉数据表明，比特币/标准普尔500比例（橙色线，右侧测量的Y轴）最近飙升至接近16.7。这表明领先的加密资产对股票的表现相对较好。

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，比特币/黄金比率（使用左侧轴的深蓝色线图表）已经开始下降，与经典的安全投资Gold相比，数字货币的减少功率展现了。

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.

该较低的图还向下行线向下行驶并显示为-1.7的衰退。 BTC对股票的强度与其与黄金的弱势群体之间的视觉对比引发了有关BTC中这种集会是否可持续的疑问，或者是更深层次的脆弱性的外墙。

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.

据McGlone称，这种崩溃不仅仅是短期下降。这可能指出了更广泛的市场情绪崩溃的预警信号。 McGlone的分析是关于注释的，因为BTC与黄金比率作为主要指标的历史意义不能被夸大。