Quant 解释说，比特币（BTC）可能会在未来几个月出现强劲上涨

一位量化分析师解释了基于该指标中出现的黄金交叉，比特币预计将在未来几个月出现强劲上涨。

A quant has observed that the Bitcoin Spent Output Profit Ratio (SOPR) has recently experienced a golden cross, which could be bullish for the asset.

一位量化分析师观察到，比特币支出产出利润率（SOPR）最近经历了黄金交叉，这可能对该资产有利。

The SOPR is an indicator that measures the ratio of the net profit or loss realized by investors selling their BTC coins to the total sell volume. It is calculated by going through each coin's transaction history to determine the price at which it was last moved. If this price is lower than the current spot price for any token, its sale contributes to profit realization.

SOPR是衡量投资者卖出BTC币实现的净利润或亏损与总卖出量之比的指标。它是通过查看每个代币的交易历史来计算的，以确定其最后移动的价格。如果该价格低于任何代币的当前现货价格，则其销售有助于实现利润。

In a recent CryptoQuant Quicktake analysis, an analyst noted that the 30-day moving average (MA) of the Bitcoin SOPR crossed below the 365-day earlier this year. However, it has now reversed direction and broken above this level again.

在最近的 CryptoQuant Quicktake 分析中，一位分析师指出，比特币 SOPR 的 30 天移动平均线 (MA) 在今年早些时候跌破了 365 天移动平均线。然而，它现在已经逆转方向并再次突破该水平。

As you can see in the chart below, this indicator has crossed above the 365-day MA several times before, and each time it has led to bullish price action for the asset.

如下图所示，该指标之前曾多次突破 365 日均线，每次都会导致该资产的看涨价格走势。

“After the golden cross appears, the market usually starts a strong rise within 2 months at the latest,” said the analyst.

“金叉出现后，市场通常最晚会在两个月内开始强劲上涨，”该分析师表示。

This is the second time this cycle that the 30-day SOPR MA has crossed above the 365-day, and the last time this happened, the asset went on to reach its peak price for the cycle. It is possible that this pattern will repeat itself again.

这是本周期第二次 30 天 SOPR MA 突破 365 天，上次发生这种情况时，该资产继续达到本周期的峰值价格。这种模式可能会再次重演。

However, it is important to note that past performance does not guarantee future results, and this indicator may not be bullish for BTC this time around.

然而，值得注意的是，过去的表现并不能保证未来的结果，而且这次该指标可能不会看好比特币。