{"id":583,"date":"2026-01-18T22:18:44","date_gmt":"2026-01-18T14:18:44","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=583"},"modified":"2026-01-18T22:18:44","modified_gmt":"2026-01-18T14:18:44","slug":"%e7%86%8a%e5%b8%82%e8%bf%98%e5%be%97%e7%a3%a8%e6%95%b0%e4%b8%aa%e6%9c%88%ef%bc%81cryptoquant-%ef%bc%9a%e6%af%94%e7%89%b9%e5%b8%81%e3%80%8c%e7%bb%88%e6%9e%81%e5%ba%95%e9%83%a8%e3%80%8d%e8%90%bd","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=583","title":{"rendered":"\u718a\u5e02\u8fd8\u5f97\u78e8\u6570\u4e2a\u6708\uff01CryptoQuant \uff1a\u6bd4\u7279\u5e01\u300c\u7ec8\u6781\u5e95\u90e8\u300d\u843d\u5728 5.5 \u4e07\u7f8e\u5143"},"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=\"\u6bd4\u7279\u5e01\u4e24\u5468\u4e0b\u8dcc 11%\uff01K33 Research\uff1a\u53d7\u300c\u5168\u7403\u80a1\u5e02\u5927\u4fee\u6b63\u300d\u62d6\u7d2f\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/01\/cheech7272727-750x375.jpeg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/01\/cheech7272727-750x375.jpeg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/01\/cheech7272727-360x180.jpeg 360w, https:\/\/blockcast.it\/wp-content\/uploads\/2025\/01\/cheech7272727-1140x570.jpeg 1140w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u718a\u5e02\u8fd8\u5f97\u78e8\u6570\u4e2a\u6708\uff01CryptoQuant \uff1a\u6bd4\u7279\u5e01\u300c\u7ec8\u6781\u5e95\u90e8\u300d\u843d\u5728 5.5 \u4e07\u7f8e\u5143\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>\u6bd4\u7279\u5e01\u8fd1\u671f\u8d70\u52bf\u75b2\u8f6f\uff0c\u8bb8\u591a\u6295\u8d44\u4eba\u90fd\u597d\u5947\u300c\u5e95\u90e8\u7a76\u7adf\u5728\u54ea\u300d\uff0c\u5206\u6790\u673a\u6784 CryptoQuant \u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u672c\u8f6e\u718a\u5e02\u7684\u300c\u7ec8\u6781\u5e95\u90e8\u300d\u843d\u5728 5.5 \u4e07\u7f8e\u5143\u9644\u8fd1\uff0c\u800c\u5e02\u573a\u8ddd\u79bb\u300c\u5b8c\u6210\u7b51\u5e95\u300d\uff0c\u6050\u6015\u8fd8\u5f97\u6570\u4e2a\u6708\u65f6\u95f4\u53cd\u590d\u6253\u78e8\uff0c\u7edd\u975e\u4e00\u6b21\u300c\u6050\u614c\u6027\u6740\u76d8\u300d\u3001\u300c\u6295\u964d\u5f0f\u629b\u552e\u300d\u5c31\u80fd\u7ed3\u675f\u3002<\/p>\n<h3><strong>\u5173\u952e\u6307\u6807\u4e00\uff1a\u300c\u5df2\u5b9e\u73b0\u4ef7\u683c\u300d\u9632\u7ebf\u672a\u7834<\/strong><\/h3>\n<p>CryptoQuant \u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u7684\u300c\u5df2\u5b9e\u73b0\u4ef7\u683c\uff08Realized Price\uff0c\u6307\u5e02\u573a\u4e0a\u6240\u6709\u6bd4\u7279\u5e01\u6700\u540e\u4e00\u6b21\u79fb\u52a8\u65f6\u7684\u5e73\u5747\u6210\u672c\uff09\u300d\u5728\u5386\u6b21\u718a\u5e02\u4e2d\uff0c\u51e0\u4e4e\u90fd\u626e\u6f14\u4e86\u957f\u671f\u4ef7\u683c\u652f\u6491\u533a\u7684\u89d2\u8272\uff0c\u4e5f\u56e0\u6b64\u88ab\u89c6\u4e3a\u300c\u7ec8\u6781\u5e95\u90e8\u300d\u7684\u91cd\u8981\u53c2\u8003\u3002<\/p>\n<p>CryptoQuant \u8868\u793a\uff0c\u6bd4\u7279\u5e01\u76ee\u524d\u8f83\u5df2\u5b9e\u73b0\u4ef7\u683c\u4ecd\u9ad8\u51fa\u7ea6 25% \u3002\u5728\u8fc7\u5f80\u7684\u718a\u5e02\u4e2d\uff0c\u4f8b\u5982 FTX \u5d29\u76d8\u540e\uff0c\u6bd4\u7279\u5e01\u66fe\u8dcc\u81f3\u5df2\u5b9e\u73b0\u4ef7\u683c\u4e0b\u65b9\u7ea6 24%\uff1b\u800c\u5728 2018 \u5e74\u7684\u7a7a\u5934\u5468\u671f\u4e2d\uff0c\u8dcc\u5e45\u66f4\u6df1\u8fbe 30% \u3002<\/p>\n<p>\u66f4\u503c\u5f97\u7559\u610f\u7684\u662f\uff0c\u6bd4\u7279\u5e01\u5728\u8dcc\u7834\u5df2\u5b9e\u73b0\u4ef7\u683c\u540e\uff0c\u901a\u5e38\u9700\u8981\u8017\u65f6 4 \u5230 6 \u4e2a\u6708\u624d\u80fd\u5b8c\u6210\u7b51\u5e95\u3002<\/p>\n<h3><strong>\u5173\u952e\u6307\u6807\u4e8c\uff1a\u4e8f\u635f\u89c4\u6a21\u8fd8\u4e0d\u591f\u300c\u60e8\u70c8\u300d<\/strong><\/h3>\n<p>\u53e6\u4e00\u9879\u663e\u793a\u5e02\u573a\u5c1a\u672a\u89e6\u5e95\u7684\u5173\u952e\u8baf\u53f7\uff0c\u6765\u81ea\u300c\u5df2\u5b9e\u73b0\u4e8f\u635f\uff08Realized Loss\uff09\u300d\u3002<\/p>\n<p>\u867d\u7136\u5728 2 \u6708 5 \u65e5\u6bd4\u7279\u5e01\u91cd\u632b 14% \u81f3 6.2 \u4e07\u7f8e\u5143\u5f53\u5929\uff0c\u94fe\u4e0a\u7eaa\u5f55\u4e86\u9ad8\u8fbe 54 \u4ebf\u7f8e\u5143\u7684\u5355\u65e5\u5df2\u5b9e\u73b0\u4e8f\u635f\uff0c\u521b\u4e0b\u81ea 2023 \u5e74 3 \u6708\u77fd\u8c37\u94f6\u884c\u5371\u673a\u4ee5\u6765\u65b0\u9ad8\uff0c\u751a\u81f3\u8d85\u8d8a\u4e86 2022 \u5e74 11 \u6708 FTX \u5012\u95ed\u540e\u7684 43 \u4ebf\u7f8e\u5143\uff0c\u4f46 CryptoQuant \u8ba4\u4e3a\uff0c\u5c31\u7b97\u5355\u65e5\u4e8f\u635f\u91d1\u989d\u5e9e\u5927\uff0c\u4e5f\u5e76\u4e0d\u4ee3\u8868\u5e95\u90e8\u5df2\u8fd1\u3002<\/p>\n<p>\u62a5\u544a\u63d0\u5230\uff1a\u300c\u76ee\u524d\u7684\u6708\u5ea6\u7d2f\u79ef\u5df2\u5b9e\u73b0\u4e8f\u635f\u4ec5\u7ea6 30 \u4e07\u679a\u6bd4\u7279\u5e01\uff0c\u8fdc\u4f4e\u4e8e 2022 \u5e74\u718a\u5e02\u7ed3\u675f\u65f6\u7684 110 \u4e07\u679a\u6bd4\u7279\u5e01\u3002\u300d<\/p>\n<p>\u591a\u9879\u94fe\u4e0a\u4f30\u503c\u6a21\u578b\u4e5f\u663e\u793a\uff0c\u5e02\u573a\u5c1a\u672a\u8fdb\u5165\u5386\u53f2\u6027\u7684\u300c\u6295\u964d\u533a\u300d\uff1a<\/p>\n<ul>\n<li>MVRV \u6bd4\u7387\uff08\u5e02\u503c\u5bf9\u5df2\u5b9e\u73b0\u5e02\u503c\u6bd4\uff09\u5c1a\u672a\u8fdb\u5165\u8fc7\u5f80\u718a\u5e02\u5e95\u90e8\u5e38\u89c1\u7684\u300c\u6781\u5ea6\u4f4e\u4f30\u300d\u533a\u95f4\uff1b<\/li>\n<li>NUPL\uff08\u672a\u5b9e\u73b0\u51c0\u635f\u76ca\uff09\u4e5f\u4ecd\u672a\u89e6\u53ca\u8fc7\u53bb\u5468\u671f\u4f4e\u70b9\u5e38\u89c1\u7684 20% \u672a\u5b9e\u73b0\u4e8f\u635f\u6c34\u51c6\u3002<\/li>\n<\/ul>\n<p>\u6b64\u5916\uff0c\u957f\u671f\u6301\u6709\u8005\u7684\u884c\u4e3a\u6a21\u5f0f\u4e5f\u8fd8\u7b97\u300c\u6de1\u5b9a\u300d\u3002\u6570\u636e\u663e\u793a\uff0c\u8fd9\u4e9b\u4fd7\u79f0\u300c\u94bb\u77f3\u624b\u300d\u7684\u6295\u8d44\u4eba\u76ee\u524d\u591a\u534a\u662f\u5728\u63a5\u8fd1\u635f\u76ca\u4e24\u5e73\u7684\u60c5\u51b5\u4e0b\u51fa\u552e\u6bd4\u7279\u5e01\uff1b\u4f46\u5728\u8fc7\u5f80\u718a\u5e02\u5e95\u90e8\uff0c\u8fd9\u7c7b\u6295\u8d44\u4eba\u5f80\u5f80\u90fd\u662f\u5728\u5927\u8d54 30% \u81f3 40% \u7684\u60c5\u51b5\u4e0b\u6050\u614c\u6740\u51fa\u3002<\/p>\n<p>\u540c\u65f6\uff0c\u76ee\u524d\u5168\u7f51\u4ecd\u6709\u7ea6 55% \u7684\u6bd4\u7279\u5e01\u5904\u4e8e\u83b7\u5229\u72b6\u6001\uff0c\u800c\u5386\u53f2\u4e0a\u718a\u5e02\u89e6\u5e95\u65f6\uff0c\u8be5\u6bd4\u4f8b\u901a\u5e38\u4f1a\u964d\u81f3 45% \u81f3 50% \u533a\u95f4\u3002<\/p>\n<p>CryptoQuant \u8865\u5145\uff0c\u5176\u300c\u725b\u718a\u5468\u671f\u6307\u6807\uff08Bull-Bear Market Cycle Indicator\uff09\u300d\u76ee\u524d\u4ecd\u505c\u7559\u5728\u300c\u718a\u5e02\u9636\u6bb5\uff08Bear Phase\uff09\u300d\uff0c\u5c1a\u672a\u8fdb\u5165\u8c61\u5f81\u4ef7\u683c\u89e6\u5e95\u7684\u300c\u6781\u7aef\u718a\u5e02\u9636\u6bb5\uff08Extreme Bear Phase\uff09\u300d\u3002\u8fd9\u610f\u5473\u8457\uff0c\u75db\u82e6\u7684\u78e8\u5e95\u8fc7\u7a0b\u53ef\u80fd\u8fd8\u5f97\u6301\u7eed\u6570\u4e2a\u6708\u3002<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"yyqU19gSCy\">\n<p>\u89e6\u5e95\u540e\u62da\u5e74\u5e95\u53cd\u5f39\uff01\u6e23\u6253\u9884\u6d4b\uff1a\u6bd4\u7279\u5e01\u6050\u4e0b\u63a2 5 \u4e07\u7f8e\u5143\u3001\u4ee5\u592a\u5e01\u8dcc\u81f3 1,400 \u7f8e\u5143<\/p>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u6bd4\u7279\u5e01\u8fd1\u671f\u8d70\u52bf\u75b2\u8f6f\uff0c\u8bb8\u591a\u6295\u8d44\u4eba\u90fd\u597d\u5947\u300c\u5e95\u90e8\u7a76\u7adf\u5728\u54ea\u300d\uff0c\u5206\u6790\u673a\u6784 CryptoQuant \u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u672c\u8f6e\u718a\u5e02\u7684 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":584,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=583"}],"version-history":[{"count":0,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/584"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}