比特币的 NVT 金叉信号表明市场过热，可能会出现修正

比特币网络交易价值（NVT）金十字指标最近飙升至3.17，表明市场过热，价格可能触顶。该指标比较了 NVT 比率的短期和长期趋势，该比率衡量比特币相对于交易量的市值。从历史上看，NVT Golden Cross 的值高于 2.2 就表明估值过高，通常先于价格调整。

Bitcoin's NVT Golden Cross Signals Market Overheating and Price Correction

比特币的NVT黄金交叉信号表明市场过热和价格调整

The recent surge in Bitcoin's price coincided with a surge in the NVT Golden Cross indicator, raising concerns about the market's overheated nature and potential for a correction.

最近比特币价格的飙升与 NVT Golden Cross 指标的飙升同时发生，引发了人们对市场过热性质和回调潜力的担忧。

NVT Golden Cross: A Measure of Market Sentiment

NVT Golden Cross：衡量市场情绪的指标

The NVT Golden Cross is a modified version of the NVT (Network Value to Transactions) metric, which gauges the ratio between Bitcoin's market capitalization and transaction volume. High NVT values indicate that the asset's price is elevated compared to its utility, while low values suggest undervaluation.

NVT Golden Cross 是 NVT（网络交易价值）指标的修改版本，该指标衡量比特币市值与交易量之间的比率。高 NVT 值表明资产的价格与其效用相比较高，而低值表明资产被低估。

The NVT Golden Cross compares the short-term trend of the NVT (10-day moving average) to its long-term trend (30-day MA). Historically, values above 2.2 have signaled overheated conditions, while values below -1.6 have hinted at undervaluation.

NVT 金十字将 NVT（10 日移动平均线）的短期趋势与其长期趋势（30 日移动平均线）进行比较。从历史上看，高于 2.2 的值表明过热状况，而低于 -1.6 的值则暗示低​​估。

Recent Surge and Overheating Signal

最近的浪涌和过热信号

During Bitcoin's recent rally to $71,000, the NVT Golden Cross spiked to 3.17, reaching levels not seen since the 2017 bull market. This surge suggested that the market had become overheated, with the current price outpacing the underlying network activity.

在比特币最近上涨至 71,000 美元期间，NVT 黄金交叉指数飙升至 3.17，达到 2017 年牛市以来的最高水平。这种飙升表明市场已经过热，当前价格超过了基础网络活动。

Historical Correlation with Price Corrections

与价格修正的历史相关性

In the past, similar surges in the NVT Golden Cross have often preceded price corrections. After hitting high levels in 2017 and 2021, the indicator has subsequently declined alongside Bitcoin's price.

过去，NVT Golden Cross 的类似飙升往往先于价格调整。在 2017 年和 2021 年触及高位后，该指标随后随比特币价格一起下跌。

Current Market Dynamics

当前市场动态

Since the recent overheated signal, the NVT Golden Cross has cooled off along with Bitcoin's price. However, it has not yet crossed into negative territory, indicating that the market sentiment remains relatively bullish.

自最近的过热信号以来，NVT Golden Cross 已随着比特币的价格降温。然而，它尚未进入负值区域，表明市场情绪仍然相对看涨。

Price Recovery and Potential Correction

价格回升和潜在修正

Bitcoin has rebounded in the past day, partially recovering from its recent losses. However, the NVT Golden Cross's previous overheated signal and its correlation with price corrections suggest that the risk of a further correction remains.

比特币在过去一天有所反弹，部分从近期的损失中恢复过来。然而，NVT Golden Cross 之前的过热信号及其与价格调整的相关性表明，进一步调整的风险仍然存在。

Analyst Perspectives

分析师观点

"The NVT Golden Cross provided a clear indication of the recent top in Bitcoin's price," said an analyst in a CryptoQuant Quicktake post. "Such high values have historically been associated with overheated market conditions and subsequent corrections."

一位分析师在 CryptoQuant Quicktake 帖子中表示：“NVT Golden Cross 清楚地表明了比特币价格近期的顶部。” “从历史上看，如此高的价值与市场过热和随后的调整有关。”

Another analyst noted, "While Bitcoin has rebounded slightly, the NVT Golden Cross remains in a cautionary zone. Investors should be aware of the potential for a deeper correction if the indicator fails to maintain its downward trend."

另一位分析师指出，“虽然比特币小幅反弹，但 NVT Golden Cross 仍处于警戒区域。投资者应该意识到，如果该指标未能维持下降趋势，则可能会出现更深层次的回调。”

Conclusion

结论

The Bitcoin NVT Golden Cross has emerged as a valuable indicator for gauging market sentiment and identifying potential overheating conditions. Its recent surge to 3.17, followed by a partial cooldown, suggests that the market remains at risk of a correction. Investors are advised to monitor the indicator's trend and adjust their trading strategies accordingly.

比特币 NVT Golden Cross 已成为衡量市场情绪和识别潜在过热状况的宝贵指标。最近飙升至 3.17，随后出现部分降温，表明市场仍面临回调风险。建议投资者密切关注该指标的走势并相应调整交易策略。