{"id":1447,"date":"2026-03-31T12:42:35","date_gmt":"2026-03-31T04:42:35","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=1447"},"modified":"2026-03-31T12:42:35","modified_gmt":"2026-03-31T04:42:35","slug":"%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e6%81%90%e6%85%8c%e6%8c%87%e6%95%b0%e8%b7%8c%e5%85%a5%e5%86%b0%e7%82%b9%ef%bc%9a%e6%98%af%e6%97%b6%e5%80%99%e6%8a%84%e5%ba%95%e4%ba%86%e5%90%97%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=1447","title":{"rendered":"\u52a0\u5bc6\u8d27\u5e01\u6050\u614c\u6307\u6570\u8dcc\u5165\u51b0\u70b9\uff1a\u662f\u65f6\u5019\u6284\u5e95\u4e86\u5417\uff1f"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u52a0\u5bc6\u8d27\u5e01\u6050\u614c\u6307\u6570\u8dcc\u5165\u51b0\u70b9\uff1a\u662f\u65f6\u5019\u6284\u5e95\u4e86\u5417\uff1f\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/im-858928-750x375.jpeg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/im-858928-750x375.jpeg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/im-858928-360x180.jpeg 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/im-858928-1140x570.jpeg 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u52a0\u5bc6\u8d27\u5e01\u6050\u614c\u6307\u6570\u8dcc\u5165\u51b0\u70b9\uff1a\u662f\u65f6\u5019\u6284\u5e95\u4e86\u5417\uff1f\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p><strong>\u4f5c\u8005\uff1aDaii<\/strong><\/p>\n<p><strong>\u51fa\u54c1\uff1a\u767d\u8bdd\u533a\u5757\u94fe<\/strong><\/p>\n<hr \/>\n<p>\u5e02\u573a\u6b63\u5728\u7ecf\u5386\u4e00\u573a\u300c\u5927\u5931\u8840\u300d\uff0c11 \u6708 16 \u65e5\uff0c\u300c\u52a0\u5bc6\u8d27\u5e01\u6050\u60e7\u4e0e\u8d2a\u5a6a\u6307\u6570\u300d\u4e00\u5ea6\u8dcc\u81f3 9\uff0c\u521b\u4e0b\u81ea 2020 \u5e74 3 \u6708\u65b0\u51a0\u75ab\u60c5\u5f15\u53d1\u5168\u7403\u5e02\u573a\u5d29\u76d8\u4ee5\u6765\u7684\u6700\u4f4e\u70b9\u3002<\/p>\n<p>\u622a\u81f3 11 \u6708 18 \u65e5\uff0c\u6307\u6570\u867d\u5c0f\u5e45\u56de\u5347\u81f3 12\uff0c\u4f46\u4ecd\u5904\u4e8e\u300c\u6781\u7aef\u6050\u60e7\u300d\u533a\u57df\u3002\u6bd4\u7279\u5e01\u8eab\u4e3a\u4e1a\u754c\u7684\u9886\u5934\u7f8a\uff0c\u4e0d\u4ec5\u5931\u5b88\u4e86 10 \u4e07\u7f8e\u5143\u7684\u91cd\u5927\u5fc3\u7406\u5173\u53e3\uff0c\u66f4\u5728 11 \u6708 18 \u65e5\u4e00\u5ea6\u8dcc\u7834 9 \u4e07\u7f8e\u5143\uff0c\u5f15\u53d1\u7ade\u4e89\u5e01\u5168\u7ebf\u66b4\u8dcc\u3002<\/p>\n<p>\u7136\u800c\uff0c\u4e00\u4e2a\u4ee4\u4eba\u56f0\u60d1\u7684\u6096\u8bba\u6446\u5728\u773c\u524d\uff1a<strong>\u4e3a\u4ec0\u4e48\u5728\u6bd4\u7279\u5e01\u4ef7\u683c\u4ecd\u5904\u4e8e 9 \u4e07\u7f8e\u5143\u4ee5\u4e0a\u7684\u9ad8\u4f4d\u65f6\uff0c\u5e02\u573a\u8868\u73b0\u51fa\u7684\u6050\u614c\u7a0b\u5ea6\uff0c\u7adf\u582a\u6bd4 2020 \u5e74\u4ef7\u683c\u4ec5\u4e3a 5000 \u7f8e\u5143\u65f6\u7684\u6c34\u5e73\uff1f<\/strong><\/p>\n<h3><strong>01 \u3001\u5e02\u573a\u4e3a\u4f55\u5982\u6b64\u6050\u614c\uff1f<\/strong><\/h3>\n<p>\u8981\u7406\u89e3\u8fd9\u79cd\u6781\u7aef\u7684\u6050\u60e7\uff0c\u6211\u4eec\u5fc5\u987b\u4e00\u4e00\u89e3\u5256\u5bfc\u81f4\u8fd9\u573a\u98ce\u66b4\u7684\u591a\u91cd\u56e0\u7d20\u3002<\/p>\n<p>\u9996\u5148\uff0c\u662f\u6765\u81ea\u5916\u90e8\u5b8f\u89c2\u4e16\u754c\u7684\u9634\u4e91\u3002\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u65e9\u5df2\u4e0d\u662f\u5b64\u5c9b\uff0c\u5b83\u4e0e\u5168\u7403\u5b8f\u89c2\u7ecf\u6d4e\u7684\u8109\u52a8\u7d27\u5bc6\u76f8\u8fde\u3002<\/p>\n<ul>\n<li><strong>\u300c\u8054\u51c6\u4f1a\u7684\u7d27\u7b8d\u5492\u300d\uff1a<\/strong>\u5e02\u573a\u5148\u524d\u666e\u904d\u9884\u671f\u8054\u51c6\u4f1a\u5c06\u5728 12 \u6708\u964d\u606f\uff0c\u8fd9\u88ab\u89c6\u4e3a\u652f\u6491\u98ce\u9669\u8d44\u4ea7\u7684\u300c\u6700\u540e\u5e0c\u671b\u300d\u3002\u7136\u800c\uff0c\u8054\u51c6\u4f1a\u7684\u9e70\u6d3e\u7acb\u573a\u5f7b\u5e95\u51fb\u788e\u4e86\u8fd9\u9879\u9884\u671f\u3002\u964d\u606f\u7b49\u4e8e\u5411\u5e02\u573a\u300c\u653e\u6c34\u300d\uff0c\u800c\u7ef4\u6301\u9ad8\u5229\u7387\u7b49\u4e8e\u300c\u5173\u7d27\u6c34\u9f99\u5934\u300d\u3002\u6d41\u52a8\u6027\u88ab\u62bd\u8d70\uff0c\u6295\u8d44\u8005\u88ab\u8feb\u4ece\u52a0\u5bc6\u8d27\u5e01\u7b49\u9ad8\u98ce\u9669\u8d44\u4ea7\u4e2d\u64a4\u51fa\u3002<\/li>\n<li><strong>\u300c\u6570\u636e\u9ed1\u6d1e\u300d\u4e0e\u4e0d\u786e\u5b9a\u6027\uff1a<\/strong>\u7531\u4e8e\u7f8e\u56fd\u653f\u5e9c\u5148\u524d\u957f\u8fbe 43 \u5929\u7684\u505c\u6446\uff0c\u5173\u952e\u7684\u7ecf\u6d4e\u6570\u636e\uff08\u5982\u5c31\u4e1a\u62a5\u544a\uff09\u88ab\u4e25\u91cd\u5ef6\u8fdf\u53d1\u5e03\u3002\u8fd9\u5bfc\u81f4\u6295\u8d44\u8005\u548c\u8054\u51c6\u4f1a\u90fd\u5728\u300c\u76f2\u98de\u300d(flying blind) \u3002\u5e02\u573a\u6700\u75db\u6068\u7684\u4e0d\u662f\u574f\u6d88\u606f\uff0c\u800c\u662f\u6ca1\u6709\u6d88\u606f\u3002\u8fd9\u79cd\u4e0d\u786e\u5b9a\u6027\u8feb\u4f7f\u57fa\u91d1\u7ecf\u7406\u4eba\u9009\u62e9\u300c\u89c4\u907f\u98ce\u9669\u300d\u3002<\/li>\n<li><strong>\u300cAI \u6ce1\u6cab\u300d\u7684\u6ea2\u51fa\u6548\u5e94\uff1a<\/strong>\u5168\u7403\u79d1\u6280\u80a1\uff0c\u7279\u522b\u662f\u88ab\u89c6\u4e3a\u300c\u5e02\u573a\u5f15\u64ce\u300d\u7684 AI \u76f8\u5173\u80a1\u7968\u6b63\u5728\u7ecf\u5386\u5927\u5e45\u56de\u6863\u3002\u4f8b\u5982\uff0c\u8f6f\u94f6 (SoftBank) \u5927\u89c4\u6a21\u629b\u552e\u5176\u6301\u6709\u7684 Nvidia \u80a1\u7968\uff0c\u5f15\u53d1\u4e86\u5e02\u573a\u5bf9 AI \u6ce1\u6cab\u53ef\u80fd\u6b63\u5728\u7834\u88c2\u7684\u62c5\u5fe7\u3002\u5728\u673a\u6784\u6295\u8d44\u4eba\u773c\u4e2d\uff0c\u52a0\u5bc6\u8d27\u5e01\u548c\u79d1\u6280\u80a1\u540c\u5c5e\u300c\u9ad8\u98ce\u9669\u300d\u7bee\u5b50\uff0c\u4ed6\u4eec\u6b63\u5728\u540c\u65f6\u629b\u552e\u8fd9\u4e24\u8005\u3002<\/li>\n<\/ul>\n<p>\u5982\u679c\u8bf4\u5b8f\u89c2\u662f\u80cc\u666f\uff0c\u90a3\u4e48\u52a0\u5bc6\u751f\u6001\u7cfb\u5185\u90e8\u7684\u5d29\u6e83\u5219\u662f\u6050\u614c\u7684\u76f4\u63a5\u5bfc\u706b\u7ebf\u3002\u8fd9\u573a\u5371\u673a\u4e0d\u4ec5\u662f\u4ef7\u683c\u7684\uff0c\u66f4\u662f\u300c\u53d9\u4e8b\u300d\u7684\u3002<\/p>\n<p>\u672c\u8f6e\u725b\u5e02\u5efa\u7acb\u5728\u4e24\u5927\u53d9\u4e8b\u57fa\u77f3\u4e4b\u4e0a\uff1a<\/p>\n<ul>\n<li><strong>\u300c\u673a\u6784\u5165\u573a\u300d\uff1a<\/strong>\u4ee5\u73b0\u8d27 ETF \u4e3a\u4ee3\u8868\uff0c\u8c61\u5f81\u4f20\u7edf\u91d1\u878d\u5bf9\u52a0\u5bc6\u8d27\u5e01\u7684\u5168\u9762\u63a5\u7eb3\u3002<\/li>\n<li><strong>\u300c\u957f\u671f\u6301\u6709\u300d\uff1a<\/strong>\u4ee5\u300c\u5de8\u9cb8\u300d\u548c\u300c\u94bb\u77f3\u624b\u300d\u7684 HODL \u4fe1\u5ff5\u4e3a\u4ee3\u8868\uff0c\u4ed6\u4eec\u88ab\u8ba4\u4e3a\u4e0d\u4f1a\u5728\u77ed\u671f\u6ce2\u52a8\u4e2d\u5356\u51fa\u3002<\/li>\n<\/ul>\n<p>\u5728 2025 \u5e74 11 \u6708\u7684\u8fd9\u573a\u98ce\u66b4\u4e2d\uff0c\u8fd9\u4e24\u5927\u57fa\u77f3\u540c\u65f6\u51fa\u73b0\u4e86\u88c2\u75d5\u3002<\/p>\n<p><strong>\u53d9\u4e8b\u5d29\u6e83\uff08\u4e00\uff09\uff1aETF \u7684\u300c\u80cc\u53db\u300d<\/strong><\/p>\n<p>\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u66fe\u88ab\u89c6\u4e3a\u672c\u8f6e\u725b\u5e02\u7684\u300c\u5f15\u64ce\u300d\uff0c\u4f46\u73b0\u5728\u8fd9\u4e2a\u300c\u5f15\u64ce\u300d\u6b63\u5728\u5012\u8f6c\u3002\u5e02\u573a\u76ee\u7779\u4e86\u521b\u7eaa\u5f55\u7684\u8d44\u91d1\u51c0\u6d41\u51fa\u3002\u6570\u636e\u663e\u793a\uff0c\u5149\u662f 11 \u6708\u8fc4\u4eca\uff0c\u6bd4\u7279\u5e01 ETF \u7684\u51c0\u6d41\u51fa\u603b\u989d\u5c31\u5df2\u8d85\u8fc7 23 \u4ebf\u7f8e\u5143\u3002\u5176\u4e2d\u4e00\u5929\uff0811 \u6708 13 \u65e5\uff09\u7684\u51c0\u6d41\u51fa\u989d\u9ad8\u8fbe 8.66 \u4ebf\u81f3 8.7 \u4ebf\u7f8e\u5143\uff0c\u8fd9\u662f\u81ea\u4e0a\u5e02\u4ee5\u6765\u6700\u7cdf\u7cd5\u7684\u6d41\u51fa\u8bb0\u5f55\u4e4b\u4e00\u3002\u94fe\u4e0a\u6570\u636e\u516c\u53f8 Glassnode \u4e5f\u8bc1\u5b9e ETF \u6d41\u91cf\u5df2\u8f6c\u4e3a\u300c\u9002\u5ea6\u8d1f\u503c\u300d\u3002<\/p>\n<p><strong>\u53d9\u4e8b\u5d29\u6e83\uff08\u4e8c\uff09\uff1a\u5de8\u9cb8\u7684\u300c\u8f6c\u8eab\u300d<\/strong><\/p>\n<p>\u8fd9\u662f\u6700\u4ee4\u4eba\u4e0d\u5b89\u7684\u5185\u90e8\u8baf\u53f7\u4e4b\u4e00\u3002\u94fe\u4e0a\u6570\u636e\u663e\u793a\uff0c\u5728 11 \u6708\u521d\uff0c\u957f\u671f\u6301\u6709\u8005\u7f55\u89c1\u5730\u5927\u89c4\u6a21\u629b\u552e\u4e86\u7ea6 81.5 \u4e07\u679a BTC \u3002\u6570\u636e\u5e73\u53f0 Santiment \u4e5f\u8bc1\u5b9e\uff0c\u81ea 10 \u6708 12 \u65e5\u4ee5\u6765\uff0c\u300c\u5de8\u9cb8\u300d\u94b1\u5305\u5df2\u7ecf\u5356\u51fa\u4e86\u7ea6 3.25 \u4e07\u679a\u6bd4\u7279\u5e01\u3002<\/p>\n<p>\u5f53\u5e02\u573a\u53d1\u73b0\u300c\u62ef\u6551\u5e02\u573a\u7684\u82f1\u96c4\u300d\u4e5f\u4f1a\u300c\u80cc\u53db\u300d\uff08ETF \u6d41\u51fa\uff09\u5e76\u4e14\u300c\u4fe1\u4ef0\u8005\u300d\u4e5f\u5728\u300c\u5957\u73b0\u300d\uff08\u5de8\u9cb8\u629b\u552e\uff09\u65f6\uff0c\u4ea7\u751f\u8fd9\u6837\u7684\u6050\u60e7\u4e5f\u5c31\u4e0d\u8db3\u4e3a\u5947\u4e86\u3002<\/p>\n<h3><strong>02 \u3001\u300c\u8d44\u4ea7\u5927\u8f6c\u79fb\u300d\u7684\u771f\u76f8<\/strong><\/h3>\n<p>\u5f53\u300c\u6781\u7aef\u6050\u60e7\u300d\u6301\u7eed\u6076\u5316\u65f6\uff0c\u5e02\u573a\u5c31\u8fdb\u5165\u4e86\u4e00\u4e2a\u5173\u952e\u9636\u6bb5\u2014\u2014\u300c\u6295\u964d\u300d(Capitulation) \u3002<\/p>\n<p>\u6211\u4eec\u6b63\u5728\u76ee\u7779\u300c\u6295\u964d\u300d\u7684\u6e05\u6670\u4fe1\u53f7\uff1a<\/p>\n<ul>\n<li><strong>\u6781\u7aef\u7684\u60c5\u7eea\u8bfb\u6570\uff1a<\/strong>\u6050\u614c\u6307\u6570\u8dcc\u81f3 9-18 \u7684\u533a\u95f4\u3002<\/li>\n<li><strong>\u5de8\u989d\u7684\u300c\u5df2\u5b9e\u73b0\u4e8f\u635f\u300d\uff1a<\/strong>\u94fe\u4e0a\u6570\u636e\u663e\u793a\uff0c\u5e02\u573a\u521a\u521a\u7ecf\u5386\u4e86\u300c\u8fc7\u53bb\u516d\u4e2a\u6708\u4e2d\u6700\u5927\u7684\u5df2\u5b9e\u73b0\u4e8f\u635f\u65e5\u300d\u3002\u8fd9\u610f\u5473\u8457\u5de8\u91cf\u8d44\u4ea7\u4ee5\u4f4e\u4e8e\u5176\u4e70\u5165\u4ef7\u7684\u4ef7\u683c\u88ab\u5356\u51fa\uff0c\u4eba\u4eec\u6b63\u5728\u300c\u5272\u8089\u300d\u79bb\u573a\u3002<\/li>\n<li><strong>\u793e\u7fa4\u5a92\u4f53\u7684\u300c\u6124\u6012\u4e0e\u6307\u8d23\u300d\uff1a<\/strong>\u5206\u6790\u5e08\u6307\u51fa\uff0c\u5e02\u573a\u5e95\u90e8\u901a\u5e38\u4f34\u968f\u8457\u6124\u6012\u548c\u76f8\u4e92\u6307\u8d23\u3002\u6570\u636e\u663e\u793a\uff0c\u793e\u7fa4\u5a92\u4f53\u4e0a\u5bf9 BTC \u7684\u6b63\u9762\u8bc4\u8bba\u6bd4\u4f8b\u5df2\u964d\u81f3\u6708\u6700\u4f4e\u70b9\u3002<\/li>\n<li><strong>\u6563\u6237\u7684\u6050\u614c\u6027\u5916\u9003\uff1a<\/strong>ETF \u7684\u5de8\u989d\u6d41\u51fa\u88ab\u89c6\u4e3a\u300c\u6563\u6237\u6050\u614c\u300d\u548c\u300c\u6295\u964d\u300d\u7684\u8ff9\u8c61\u3002<\/li>\n<\/ul>\n<p>\u7136\u800c\uff0c\u300c\u6295\u964d\u300d\u7684\u771f\u76f8\u5e76\u975e\u300c\u6240\u6709\u4eba\u90fd\u5728\u5356\u300d\u3002\u5728\u6050\u614c\u7684\u8868\u8c61\u4e4b\u4e0b\uff0c\u4e00\u573a\u590d\u6742\u800c\u5267\u70c8\u7684\u300c\u8d44\u4ea7\u5927\u8f6c\u79fb\u300d\u6b63\u5728\u53d1\u751f\u3002<\/p>\n<p>\u94fe\u4e0a\u6570\u636e\u6e05\u6670\u5730\u5c55\u73b0\u4e86\u8fd9\u79cd\u5206\u88c2\uff1a<\/p>\n<p><strong>\u8c01\u5728\u5356\u51fa\uff1f<\/strong><\/p>\n<ul>\n<li><strong>\u4e2d\u578b\u5de8\u9cb8\uff1a<\/strong>\u6570\u636e\u663e\u793a\uff0c\u4e00\u4e2a\u5173\u952e\u7684\u5de8\u9cb8\u7fa4\u4f53\uff08\u6301\u6709 10-1000 BTC\uff09\u5728 11 \u6708\u4efd\u5df2\u8f6c\u4e3a\u51c0\u5356\u5bb6\uff0cSantiment \u7684\u6570\u636e\u663e\u793a\uff0c\u6301\u6709 10 \u81f3 1 \u4e07\u679a BTC \u7684\u94b1\u5305\u5728\u6700\u8fd1\u51e0\u5468\u5185\u51fa\u552e\u4e86\u6570\u4e07\u679a\u6bd4\u7279\u5e01\u3002\u4ed6\u4eec\u5f88\u53ef\u80fd\u662f\u83b7\u5229\u4e30\u539a\u7684\u8001\u73a9\u5bb6\uff0c\u9009\u62e9\u5728\u5b8f\u89c2\u4e0d\u786e\u5b9a\u6027\u4e2d\u5957\u73b0\u3002<\/li>\n<li><strong>\u6050\u614c\u7684\u6563\u6237\uff1a<\/strong>ETF \u7684\u5de8\u989d\u6d41\u51fa\u548c\u793e\u4ea4\u5a92\u4f53\u4e0a\u7684\u7126\u8651\u8ba8\u8bba\u8868\u660e\uff0c\u5728\u725b\u5e02\u4e2d\u540e\u671f\u5165\u573a\u7684\u6563\u6237\u53ef\u80fd\u6b63\u5728\u300c\u5272\u8089\u300d\u79bb\u573a\u3002<\/li>\n<\/ul>\n<p><strong>\u8c01\u5728\u4e70\u5165\uff1f<\/strong><\/p>\n<ul>\n<li><strong>\u5927\u578b\u6218\u7565\u5b9e\u4f53\uff1a<\/strong>\u6570\u636e\u663e\u793a\uff0c\u867d\u7136\u4e2d\u578b\u5de8\u9cb8\u5728\u5356\u51fa\uff0c\u4f46\u6700\u5927\u7684\u6218\u7565\u5b9e\u4f53\uff08\u6301\u6709&gt;1 \u4e07 BTC\uff09\u5728 11 \u6708\u4efd\u4ecd\u5728\u6301\u7eed\u589e\u6301\uff0c\u51c0\u589e\u52a0 1.07 \u4e07\u679a BTC \u3002<\/li>\n<li><strong>\u673a\u6784\u5de8\u9cb8\uff1a<\/strong>CryptoQuant \u7684\u6570\u636e\u663e\u793a\uff0c\u5728\u5e02\u573a\u4e0b\u8dcc\u671f\u95f4\uff0c\u5de8\u9cb8\u521b\u4e0b\u4e86 2025 \u5e74\u7b2c\u4e8c\u5927\u5355\u5468\u7d2f\u79ef\u7eaa\u5f55\uff0c\u51c0\u589e\u52a0\u8d85\u8fc7 4.5 \u4e07\u679a BTC \u3002<\/li>\n<li><strong>\u300c\u94bb\u77f3\u624b\u300d\u6563\u6237\uff1a<\/strong>\u53e6\u6709\u6570\u636e\u663e\u793a\uff0c\u867d\u7136\u4e00\u4e9b\u6563\u6237\u5728\u6050\u614c\uff0c\u4f46\u300c\u5c0f\u578b\u96f6\u552e\u94b1\u5305\u300d\uff08\u6700\u591a 10 BTC\uff09\u5728\u4e0b\u8dcc\u671f\u95f4\u7ee7\u7eed\u7d2f\u79ef\u3002<\/li>\n<li><strong>\u6807\u5fd7\u6027\u4eba\u7269\uff1a<\/strong>\u5c31\u5728\u5e02\u573a\u6050\u614c\u4e4b\u9645\uff0c\u6bd4\u7279\u5e01\u6700\u8457\u540d\u7684\u5e03\u9053\u8005\u4e4b\u4e00 Michael Saylor \u7684\u516c\u53f8\u4e8e 11 \u6708 10 \u65e5\u5ba3\u5e03\u53c8\u8d2d\u4e70\u4e86\u4ef7\u503c 5000 \u4e07\u7f8e\u5143\u7684 487 \u679a\u6bd4\u7279\u5e01\uff0c\u5e76\u516c\u5f00\u9a73\u65a5\u4e86\u4efb\u4f55\u5173\u4e8e\u5176\u516c\u53f8\u6b63\u5728\u51fa\u552e\u7684\u8c23\u8a00\u3002<\/li>\n<\/ul>\n<p>\u7ed3\u8bba\u5f88\u6e05\u6670\uff1a\u300c\u6295\u964d\u300d\u4e0d\u662f\u4e00\u4e2a\u6240\u6709\u4eba\u90fd\u5728\u5356\u51fa\u7684\u65f6\u523b\u3002\u5b83\u662f\u8d44\u4ea7\u6240\u6709\u6743\u53d1\u751f\u6700\u5267\u70c8\u8f6c\u79fb\u7684\u65f6\u523b\u3002\u8d44\u4ea7\u6b63\u4ece\u4fe1\u5ff5\u8584\u5f31\u3001\u60c5\u7eea\u5316\u7684\u4ea4\u6613\u8005\u624b\u4e2d\uff0c\u8f6c\u79fb\u5230\u4fe1\u5ff5\u575a\u5b9a\u3001\u7406\u6027\u7684\u957f\u671f\u6295\u8d44\u8005\u3002\u5f53\u6050\u614c\u7684\u5356\u65b9\u8017\u5c3d\u5f39\u836f\uff0c\u800c\u7406\u6027\u7684\u4e70\u65b9\u5b8c\u5168\u63a5\u7ba1\u5e02\u573a\u65f6\u2014\u2014\u771f\u6b63\u7684\u300c\u5e02\u573a\u5e95\u90e8\u300d\u5c31\u5f62\u6210\u4e86\u3002<\/p>\n<h3><strong>03 \u3001\u300c\u5728\u522b\u4eba\u6050\u60e7\u65f6\u8d2a\u5a6a\u300d<\/strong><\/h3>\n<p>\u5728\u5e02\u573a\u300c\u8840\u6d41\u6210\u6cb3\u300d\u4e4b\u9645\uff0c\u6211\u4eec\u5fc5\u987b\u5f15\u5165\u6295\u8d44\u53f2\u4e0a\u6700\u8457\u540d\u7684\u53cd\u5411\u6295\u8d44\u8005\u7684\u667a\u6167\uff0c\u4ee5\u53ca\u51b0\u51b7\u7684\u5386\u53f2\u6570\u636e\u3002<\/p>\n<p>\u5df4\u83f2\u7279 (Warren Buffett) \u6709\u4e00\u53e5\u7ecf\u5178\u540d\u8a00\uff1a\u300c\u5728\u522b\u4eba\u8d2a\u5a6a\u65f6\u6050\u60e7\uff0c\u5728\u522b\u4eba\u6050\u60e7\u65f6\u8d2a\u5a6a\u3002\u300d<\/p>\n<p>\u8fd9\u53e5\u540d\u8a00\u7684\u6838\u5fc3\u662f\u4e00\u79cd\u57fa\u4e8e\u4ef7\u503c\u7684\u5fc3\u7406\u7eaa\u5f8b\u3002<\/p>\n<ul>\n<li><strong>\u300c\u5f53\u522b\u4eba\u8d2a\u5a6a\u65f6\u6050\u60e7\u300d\uff1a<\/strong>\u610f\u5473\u8457\u5f53\u5e02\u573a\u72c2\u70ed\uff08\u6050\u614c\u6307\u6570\u6781\u9ad8\uff09\u65f6\uff0c\u8d44\u4ea7\u4ef7\u683c\u53ef\u80fd\u88ab\u975e\u7406\u6027\u5730\u9ad8\u4f30\u3002<\/li>\n<li><strong>\u300c\u5728\u522b\u4eba\u6050\u60e7\u65f6\u8d2a\u5a6a\u300d\uff1a<\/strong>\u610f\u5473\u8457\u5f53\u5e02\u573a\u6050\u614c\uff08\u6050\u614c\u6307\u6570\u6781\u4f4e\uff0c\u5982\u8fd1\u671f\u7684 9\uff09\u65f6\uff0c\u8d44\u4ea7\u4ef7\u683c\u53ef\u80fd\u88ab\u975e\u7406\u6027\u5730\u4f4e\u4f30\u3002\u6050\u614c\u4e3a\u7406\u6027\u6295\u8d44\u8005\u521b\u9020\u4e86\u4ee5\u6298\u6263\u4ef7\u8d2d\u4e70\u4f18\u8d28\u8d44\u4ea7\u7684\u300c\u7edd\u4f73\u673a\u4f1a\u300d\u3002<\/li>\n<\/ul>\n<p>\u4ece\u8fd9\u4e2a\u89d2\u5ea6\u6765\u770b\uff0c\u300c\u52a0\u5bc6\u6050\u60e7\u4e0e\u8d2a\u5a6a\u6307\u6570\u300d\u5c31\u662f\u5df4\u83f2\u7279\u6240\u63cf\u8ff0\u7684\u300c\u522b\u4eba\u300d\u60c5\u7eea\u7684\u91cf\u5316\u6307\u6807\u3002\u4e00\u4e2a\u300c\u4e2a\u4f4d\u6570\u300d\u7684\u8bfb\u6570\uff0c\u6b63\u662f\u5728\u7528\u6570\u636e\u5927\u58f0\u5ba3\u544a\uff1a\u300c\u522b\u4eba\u6b63\u5904\u4e8e\u6781\u7aef\u6050\u60e7\u4e4b\u4e2d\uff01\u300d\u3002<\/p>\n<p>\u90a3\u4e48\uff0c\u5386\u53f2\u6570\u636e\u662f\u5426\u652f\u6301\u5728\u6b64\u65f6\u300c\u8d2a\u5a6a\u300d\uff1f<\/p>\n<p>\u6211\u4eec\u56de\u987e\u4e86\u52a0\u5bc6\u5386\u53f2\u4e0a\u51e0\u6b21\u6700\u8457\u540d\u7684\u300c\u6781\u7aef\u6050\u60e7\u300d\u65f6\u523b\uff0c\u5e76\u8ffd\u8e2a\u4e86\u6bd4\u7279\u5e01\u5728\u4e4b\u540e\u7684\u4ef7\u683c\u8868\u73b0\uff1a<\/p>\n<figure id=\"attachment_132177\" aria-describedby=\"caption-attachment-132177\" style=\"width: 862px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-132177\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/11\/7a3fe125aac34391de3b63c14b296e70.png\"  width=\"862\" height=\"161\" title=\"\u52a0\u5bc6\u8d27\u5e01\u6050\u614c\u6307\u6570\u8dcc\u5165\u51b0\u70b9\uff1a\u662f\u65f6\u5019\u6284\u5e95\u4e86\u5417\uff1f\u63d2\u56fe1\" alt=\"\u52a0\u5bc6\u8d27\u5e01\u6050\u614c\u6307\u6570\u8dcc\u5165\u51b0\u70b9\uff1a\u662f\u65f6\u5019\u6284\u5e95\u4e86\u5417\uff1f\u63d2\u56fe1\" \/><figcaption id=\"caption-attachment-132177\" class=\"wp-caption-text\">\u6ce8\uff1a\u5386\u53f2\u8868\u73b0\u6570\u636e\u4e3a\u57fa\u4e8e\u516c\u5f00\u4ef7\u683c\u56fe\u8868\u7684\u8fd1\u4f3c\u5206\u6790\uff0c\u4e0d\u4ee3\u8868\u672a\u6765\u6536\u76ca\u3002<\/figcaption><\/figure>\n<p>\u5386\u53f2\u6570\u636e\u6e05\u695a\u5730\u663e\u793a\uff1a\u300c\u6781\u7aef\u6050\u60e7\u300d\u662f\u4e2d\u957f\u671f\u7d2f\u79ef\u7684\u5353\u8d8a\u8baf\u53f7\uff0c\u4f46\u5b83\u4e0d\u662f\u77ed\u671f\u7cbe\u51c6\u53cd\u5f39\u7684\u8ba1\u65f6\u5668\u3002<\/p>\n<p>2022 \u5e74 FTX \u5d29\u76d8\u7684\u6848\u4f8b\u663e\u793a\uff0c\u5373\u4f7f\u5728\u6307\u6570\u89e6\u53ca\u5386\u53f2\u6700\u4f4e\u70b9 6 \u4e4b\u540e\uff0c\u5e02\u573a\u4ecd\u5728\u5e95\u90e8\u5f98\u5f8a\u4e86\u8d85\u8fc7 90 \u5929\u3002\u8fd9\u8868\u660e\u300c\u6781\u7aef\u6050\u60e7\u300d\u53ef\u4ee5\u6301\u7eed\u5f88\u957f\u65f6\u95f4\u3002\u7136\u800c\uff0c\u5728\u6240\u6709\u5386\u53f2\u6848\u4f8b\u4e2d\uff0c\u5728\u300c\u6781\u7aef\u6050\u60e7\u300d\u70b9\u4f4d\u4e70\u5165\u5e76\u6301\u6709 180 \u5929\uff08\u516d\u4e2a\u6708\uff09\uff0c\u5747\u83b7\u5f97\u4e86\u663e\u8457\u7684\u6b63\u56de\u62a5\u3002<\/p>\n<p>\u5386\u53f2\u7684\u6559\u8bad\u662f\u660e\u786e\u7684\uff1a\u5728\u6050\u614c\u6307\u6570\u8dcc\u5165\u4e2a\u4f4d\u6570\u65f6\u9009\u62e9\u629b\u552e\uff0c\u5728\u5386\u53f2\u4e0a\u770b\u662f\u9519\u8bef\u7684\u9009\u62e9\u3002\u800c\u9009\u62e9\u5728\u6b64\u65f6\u5f00\u59cb\u5206\u6279\u79ef\u7d2f\uff0c\u867d\u7136\u9700\u8981\u8010\u5fc3\uff0c\u4f46\u80dc\u7387\u6781\u9ad8\u3002<\/p>\n<h3><strong>04 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FOMO\uff08\u9519\u5931\u6050\u60e7\uff09\uff1a<\/strong>\u5f53\u6307\u6570\u8fbe\u5230 90\uff08\u6781\u5ea6\u8d2a\u5a6a\uff09\u65f6\uff0c\u5b83\u8b66\u544a\u4f60\uff1a\u300c\u5e02\u573a\u53ef\u80fd\u8fc7\u70ed\u4e86\uff0c\u4e5f\u8bb8\u662f\u65f6\u5019\u8be5\u83b7\u5229\u4e86\u7ed3\uff0c\u800c\u4e0d\u662f\u8ffd\u9ad8\u4e86\u3002\u300d<\/li>\n<li><strong>\u5bf9\u6297 FUD\uff08\u6050\u60e7\u3001\u4e0d\u786e\u5b9a\u548c\u6000\u7591\uff09\uff1a<\/strong>\u5f53\u6307\u6570\u8dcc\u81f3 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