比特币网络活动指数闪烁熊市信号

链上数据显示，比特币网络活动最近已下降到熊市区域。这是资产的意义。

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最近的一项分析深入研究了比特币网络活动落入熊市区域的含义，尽管最近的价格恢复了，这种发展可能正在发展。

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.

加密货币的网络活动一直是贸易商和分析师感兴趣的主题，试图确定用户活动的趋势及其与BTC价格变动的相关性。

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.

网络活动索引是一个由加密量牌创建的关键指标，它集成了数据点，例如事务计数，每日活动地址和其他相关活动指标，以提供网络利用率的全面视图。

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.

正如在一个加密快速帖子中强调的那样，比特币网络活动指数已进入熊阶段，传统上与​​熊市相关联，在大多数情况下在价格最低点之前到达。

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

在下图中可见的红色信号甚至在最近的价格恢复之后仍然存在。

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.

该图表与其400、900和1600个单位移动平均值相关的网络活动索引。当指数低于900个单位MA时，它通常标志着熊相，而上升的上升则表示牛相。

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，网络活动指数信号熊阶段在市场前面发生的一个显着例外，该熊发生在2021年公牛运行的下半场发生。

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.

尽管指数表明熊阶段，但比特币经历了一段时期的看涨势头，尽管受到使用网络的需求不足的限制。

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

该观察结果可能解释了为什么尽管公牛运行，但加密货币的价格未能达到高于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，尽管网络活动指数落入熊市区域的悲观含义，但重要的是要考虑到该信号尽管是一个有价值的指标，但并不完美，有时可能会提供虚假信号。

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，分析还补充说，在其他新闻中，由于市场情报平台Intotheblock在X帖子中分享了市场情报平台，因此Stablecoins的联合市值刚刚达到了新的历史最高（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.

以稳定的形式存储的资本可能会进入其他加密货币等其他加密货币，因此，他们的市值的上升可能被视为整个行业的看涨信号。