{"id":1121,"date":"2025-03-24T14:53:44","date_gmt":"2025-03-24T06:53:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=1121"},"modified":"2025-03-24T14:53:44","modified_gmt":"2025-03-24T06:53:44","slug":"%e6%95%b0%e6%8d%ae%e8%a7%a3%e8%af%bb%e6%af%94%e7%89%b9%e5%b8%81%e6%96%b0%e9%ab%98%e5%90%8e%e6%8c%81%e6%9c%89%e8%80%85%e5%a6%82%e4%bd%95%e8%a1%8c%e4%ba%8b%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=1121","title":{"rendered":"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>\n<div class=\"col-sm-11 col-12\">\n<div class=\"rich_text_content mt-9\">\n<p><em><span>\u539f\u6807\u9898\uff1a\u300aNavigating Post-ATH Trends\u300b<\/span><\/em><\/p>\n<p><em><span>\u4f5c\u8005\uff1a Glassnode <\/span><\/em><\/p>\n<p><em><span>\u7f16\u8bd1\uff1aFelix, PANews<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<p>\u8981\u70b9\uff1a<\/p>\n<ul>\n<li>\u6bd4\u7279\u5e01\u57285.4\u4e07\u7f8e\u5143\u81f37.4\u4e07\u7f8e\u5143\u76d8\u6574\u4e86\u4e00\u6bb5\u65f6\u95f4\u540e\u521b\u4e0b9.94\u4e07\u7f8e\u5143\u7684\u65b0\u9ad8\uff08PANews\u6ce8\uff1a\u73b0\u5df2\u7a81\u783410\u4e07\u7f8e\u5143\uff0c\u521b\u4e0b10.4\u4e07\u7f8e\u5143\u65b0\u9ad8\uff09\u3002<\/li>\n<li>\u76d1\u63a7\u7684\u51e0\u4e2a\u98ce\u9669\u6307\u6807\u5df2\u8fdb\u5165\u6781\u9ad8\u98ce\u9669\u533a\u57df\uff0c\u53cd\u6620\u51fa\u672a\u5b9e\u73b0\u5229\u6da6\u589e\u52a0\u7684\u72b6\u6001\u4ee5\u53ca\u6295\u8d44\u8005\u60c5\u7eea\u5bf9\u4fee\u6b63\u7684\u654f\u611f\u6027\u589e\u52a0\u3002<\/li>\n<li>\u5df2\u5b9e\u73b0\u5229\u6da6\/\u4e8f\u635f\u6bd4\u663e\u793a\u6b63\u5728\u5927\u89c4\u6a21\u7684\u83b7\u5229\u56de\u5410\uff0c\u6697\u793a\u8fd1\u671f\u53ef\u80fd\u51fa\u73b0\u9700\u6c42\u67af\u7aed\u3002<\/li>\n<li>\u5df2\u5b9e\u73b0\u5229\u6da6\u91cf\u5df2\u4ece\u5386\u53f2\u5cf0\u503c\u4e0b\u964d\u4e8676%\uff0c\u6c38\u7eed\u5408\u7ea6\u8d44\u91d1\u8d39\u7387\u4e5f\u5728\u4e0b\u964d\uff0c\u8868\u660e\u5e02\u573a\u6b63\u5728\u8fc5\u901f\u964d\u6e29\u3002<\/li>\n<li>\u65e9\u671f\u7684\u4f9b\u5e94\u518d\u5206\u914d\u6a21\u5f0f\u8868\u660e\uff0c\u5173\u952e\u9700\u6c42\u96c6\u7fa4\u57288.7\u4e07\u7f8e\u5143\u81f39.8\u4e07\u7f8e\u5143\u4e4b\u95f4\uff0c\u5728\u4ece7.4\u4e07\u7f8e\u5143\u4e0a\u6da8\u52308.7\u7f8e\u5143\u671f\u95f4\uff0c\u51e0\u4e4e\u6ca1\u6709\u4f9b\u5e94\u6613\u624b\u3002<\/li>\n<\/ul>\n<h3><strong>\u66f4\u9ad8\u533a\u95f4<\/strong><\/h3>\n<p>\u57283\u6708\u521d\u5e02\u573a\u8fbe\u5230\u7b2c\u4e00\u4e2a\u4e3b\u8981\u5cf0\u503c\u540e\uff0c\u6bd4\u7279\u5e01\u7684\u4ea4\u6613\u4ef7\u683c\u57285.4\u4e07\u7f8e\u5143\u81f37.4\u4e07\u7f8e\u5143\u4e4b\u95f4\u5f98\u5f8a\u4e86\u5927\u7ea68\u4e2a\u6708\uff0c\u76f4\u523011\u6708\u521d\u3002\u4ef7\u683c\u5728\u72ed\u7a84\u8303\u56f4\u5185\u7684\u957f\u671f\u6a2a\u76d8\uff0c\u4f7f\u5f97\u5927\u90e8\u5206\u6d41\u901a\u4f9b\u5e94\u91cd\u65b0\u5206\u914d\u5e76\u96c6\u4e2d\u5728\u76f8\u5bf9\u8f83\u9ad8\u7684\u6210\u672c\u57fa\u7840\u4e0a\u3002<\/p>\n<p>\u5f53\u4e0b\u884c\u6ce2\u52a8\u518d\u6b21\u51fa\u73b0\u65f6\uff0c\u8fd9\u79cd\u4f9b\u5e94\u96c6\u4e2d\u5ea6\u53ef\u80fd\u4f1a\u52a0\u5267\u6295\u8d44\u8005\u6050\u614c\u7684\u53ef\u80fd\u6027\u3002\u4e3a\u4e86\u8ddf\u8e2a\u8fd9\u4e9b\u52a8\u6001\uff0c\u5f15\u5165\u4e86\u5b9e\u9645\u4f9b\u5e94\u5bc6\u5ea6\u6307\u6807\uff0c\u8be5\u5de5\u5177\u53ef\u91cf\u5316\u5f53\u524d\u73b0\u8d27\u4ef7\u683c\u5728\u00b115%\u4ef7\u683c\u6ce2\u52a8\u8303\u56f4\u5185\u7684\u4f9b\u5e94\u96c6\u4e2d\u5ea6\u3002<\/p>\n<p>\u9ad8\u4f9b\u5e94\u96c6\u4e2d\u5ea6\u8868\u660e\u4ef7\u683c\u6ce2\u52a8\u4f1a\u663e\u8457\u5f71\u54cd\u6295\u8d44\u8005\u7684\u76c8\u5229\u80fd\u529b\uff0c\u8fdb\u800c\u53ef\u80fd\u52a0\u5267\u5e02\u573a\u6ce2\u52a8\u3002<\/p>\n<p>\u56de\u987e\u8fc7\u53bb\u4e94\u5e74\u7684\u91cd\u5927\u5e02\u573a\u8d70\u52bf\uff0c\u53ef\u4ee5\u53d1\u73b0\u4e00\u4e2a\u5171\u540c\u7684\u6a21\u5f0f\uff1a<\/p>\n<ul>\n<li>\u5728\u5e02\u573a\u8d70\u52bf\u72b9\u8c6b\u4e0d\u51b3\u7684\u65f6\u671f\uff0c\u901a\u5e38\u6709\u8d85\u8fc720%\u7684\u4f9b\u5e94\u96c6\u4e2d\u5728\u4e2d\u95f4\u4ef7\u7684\u00b115%\u8303\u56f4\u5185\u3002<\/li>\n<li>\u8fd9\u901a\u5e38\u4f1a\u5bfc\u81f4\u4ef7\u683c\u5728\u4efb\u4e00\u65b9\u5411\u51fa\u73b0\u5267\u70c8\u6ce2\u52a8\uff0c\u4ece\u800c\u5bfc\u81f4\u8be5\u4f9b\u5e94\u76c8\u5229\u6216\u4e8f\u635f\u3002<\/li>\n<\/ul>\n<p>\u8fd9\u79cd\u6ce2\u52a8\u6027\u901a\u5e38\u4f1a\u4f7f\u5df2\u5b9e\u73b0\u4f9b\u5e94\u5bc6\u5ea6\u6307\u6807\u4f4e\u4e8e10%\uff0c\u8868\u660e\u5927\u91cf\u4ee3\u5e01\u73b0\u5728\u6301\u6709\u660e\u663e\u4e0d\u540c\u7684\u672a\u5b9e\u73b0\u5229\u6da6\u6216\u4e8f\u635f\u3002<\/p>\n<p>\u6700\u8fd1\u7a81\u78347.4\u4e07\u7f8e\u5143\u5f15\u53d1\u4e86\u5176\u4e2d\u4e00\u4e2a\u518d\u5206\u914d\u5468\u671f\uff0c\u63a8\u52a8\u6bd4\u7279\u5e01\u4ef7\u683c\u521b\u4e0b\u65b0\u9ad8\uff0c\u5e76\u5c06\u5df2\u5b9e\u73b0\u4f9b\u5e94\u5bc6\u5ea6\u6307\u6807 (\u00b115%) \u63a8\u4f4e\u81f310%\u4ee5\u4e0b\uff0c\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u8bb8\u591a\u6295\u8d44\u8005\u83b7\u5f97\u4e86\u4e30\u539a\u7684\u672a\u5b9e\u73b0\u5229\u6da6\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/4e7a86120d3b5441574f58b84a3a432e1733413509888.webp\" alt=\"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f image 0\"><\/p>\n<p>     <em><span>\u6570\u636e\u6765\u6e90\uff1a Glassnode <\/span><\/em> <\/p>\n<p><strong>\u521b\u65b0\u9ad8\u540e\u533a\u95f4\u5e26<\/strong><\/p>\n<p>\u4e3a\u4e86\u63a2\u7d22\u4ef7\u683c\u53d1\u73b0\u671f\u95f4\u4f9b\u5e94\u6613\u624b\u7684\u52a8\u6001\uff0c\u53ef\u4ee5\u5229\u7528\u4e00\u4e2a\u540d\u4e3a\u6bd4\u7279\u5e01\u6210\u672c\u57fa\u7840\u5206\u5e03\uff08CBD\uff09\u7684\u65b0\u6982\u5ff5\u3002\u8be5\u6307\u6807\u901a\u8fc7\u70ed\u56fe\u8ddf\u8e2a\u4e0d\u540c\u4ef7\u683c\u70b9\u7684\u4f9b\u5e94\u96c6\u4e2d\u5ea6\u3002\u6bd4\u7279\u5e01CBD\u6307\u6807\u63d0\u4f9b\u4e86\u6709\u5173\u4f9b\u5e94\u5982\u4f55\u968f\u65f6\u95f4\u5728\u4e0d\u540c\u4ef7\u683c\u6c34\u5e73\u4e0a\u5728\u518d\u5206\u914d\u7684\u89c1\u89e3\uff0c\u6709\u52a9\u4e8e\u786e\u5b9a\u9700\u6c42\u548c\u6295\u8d44\u8005\u5174\u8da3\u7684\u5173\u952e\u533a\u57df\u3002<\/p>\n<p>\u5f53\u8fdb\u5165\u4ef7\u683c\u53d1\u73b0\u7684\u65e9\u671f\u9636\u6bb5\u65f6\uff0c\u4e0a\u9650\u548c\u4e0b\u9650\u533a\u95f4\u5e26\u5c1a\u672a\u5b8c\u5168\u5f62\u6210\u3002\u6700\u91cd\u8981\u7684\u4f9b\u5e94\u96c6\u7fa4\u6b63\u57288.7\u4e07\u7f8e\u5143\u81f39.8\u4e07\u7f8e\u5143\u4e4b\u95f4\u5f98\u5f8a\uff0c\u5728\u6da8\u81f38.7\u4e07\u7f8e\u5143\u7684\u6da8\u52bf\u4e2d\u51e0\u4e4e\u6ca1\u6709\u6613\u624b\u3002<\/p>\n<p>\u8fd9\u8868\u660e\u5f53\u524d\u7684\u4ea4\u6613\u533a\u95f4\u4ecd\u5728\u5bfb\u627e\u4e70\u5bb6\u548c\u5356\u5bb6\u4e4b\u95f4\u7684\u5e73\u8861\uff0c\u4f46\u98ce\u9669\u4ecd\u7136\u5b58\u5728\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/fd93213662bba195a1cdbef50facf8de1733413510024.webp\" alt=\"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f image 1\"><\/p>\n<p>     <em><span>\u6570\u636e\u6765\u6e90\uff1a Glassnode <\/span><\/em> <\/p>\n<h3><strong>\u8bc4\u4f30\u5e02\u573a\u98ce\u9669<\/strong><\/h3>\n<p>\u4e0b\u9762\u5c06\u53c2\u8003\u4e00\u7ec4\u65e8\u5728\u4f7f\u7528\u94fe\u4e0a\u6570\u636e\u5bf9\u4e0d\u540c\u98ce\u9669\u9608\u503c\u8fdb\u884c\u5206\u7c7b\u7684\u6307\u6807\u3002<\/p>\n<p><strong>1.<\/strong><strong>\u8861\u91cf\u4f9b\u5e94\u76c8\u5229\u80fd\u529b<\/strong><\/p>\n<p>\u5229\u6da6\u4f9b\u5e94\u767e\u5206\u6bd4\uff08PSIP\uff09\u6307\u6807\u5229\u7528\u6301\u6709\u672a\u5b9e\u73b0\u5229\u6da6\u7684\u4f9b\u5e94\u6bd4\u4f8b\u6765\u63cf\u8ff0\u5e02\u573a\u5468\u671f\u3002\u8fd9\u53ef\u4ee5\u6d1e\u5bdf\u6f5c\u5728\u7684\u629b\u552e\u538b\u529b\u98ce\u9669\uff0c\u56e0\u4e3a\u62e5\u6709\u672a\u5b9e\u73b0\u5229\u6da6\u7684\u6295\u8d44\u8005\u5f80\u5f80\u4f1a\u53d7\u5230\u6fc0\u52b1\u6765\u9501\u5b9a\u6536\u76ca\u3002<\/p>\n<p>PSIP \u6307\u6807\u5206\u4e3a\u56db\u4e2a\u98ce\u9669\u7ea7\u522b\uff1a<\/p>\n<ul>\n<li>\u6781\u9ad8\u98ce\u9669\uff1aPSIP &gt; 90%\uff0c\u6bd4\u5176\u5386\u53f2\u5e73\u5747\u503c\u9ad8\u51fa\u4e00\u4e2a\u6807\u51c6\u5dee\u4ee5\u4e0a<\/li>\n<li>\u9ad8\u98ce\u9669\uff1a75% &lt; PSIP &lt; 90%\uff0c\u7565\u9ad8\u4e8e\u5176\u5386\u53f2\u5e73\u5747\u503c<\/li>\n<li>\u4f4e\u98ce\u9669\uff1a58% &lt; PSIP &lt; 75%\uff0c\u4f4e\u4e8e\u5176\u5e73\u5747\u503c\u4f46\u9ad8\u4e8e\u4e0b\u9650<\/li>\n<li>\u6781\u4f4e\u98ce\u9669\uff1aPSIP &lt; 58%\uff0c\u6bd4\u5176\u5386\u53f2\u5e73\u5747\u503c\u4f4e\u4e00\u4e2a\u6807\u51c6\u5dee\u4ee5\u4e0a<\/li>\n<\/ul>\n<p>PSIP\u4ea4\u6613\u9ad8\u4e8e\u4e0a\u9650\u7684\u65f6\u671f\u901a\u5e38\u4e0e\u725b\u5e02\u7684\u4ea2\u594b\u9636\u6bb5\u4e00\u81f4\u3002\u6700\u8fd1\u7684\u4ef7\u683c\u7a81\u7834\u5c06PSIP\u6307\u6807\u63a8\u5165\u4e86\u4ea2\u594b\u9636\u6bb5\uff0c\u4ece\u5386\u53f2\u4e0a\u770b\uff0c\u8fd9\u6837\u7684\u6c34\u5e73\u4e0e\u4e0b\u884c\u4fee\u6b63\u7684\u8106\u5f31\u6027\u589e\u52a0\u6709\u5173\uff0c\u56e0\u4e3a\u6295\u8d44\u8005\u6709\u5b9e\u73b0\u5229\u6da6\u7684\u52a8\u673a\uff0c\u4ece\u800c\u4ea7\u751f\u4e86\u95f4\u63a5\u4f9b\u5e94\u3002<\/p>\n<p>\u8fd9\u8868\u660e\u5e02\u573a\u53c2\u4e0e\u8005\u9700\u8981\u8c28\u614e\uff0c\u56e0\u4e3a\u629b\u552e\u538b\u529b\u589e\u52a0\u7684\u53ef\u80fd\u6027\u4e5f\u5728\u76f8\u5e94\u4e0a\u5347\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/d36333d1fefcc6253cfb53b9e6e38dd01733413510165.webp\" alt=\"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f image 2\"><\/p>\n<p>     <em><span>\u6570\u636e\u6765\u6e90\uff1a Glassnode <\/span><\/em> <\/p>\n<p><strong>2.<\/strong><strong>\u8861\u91cf\u6050\u60e7\u548c\u8d2a\u5a6a<\/strong><\/p>\n<p>\u51c0\u672a\u5b9e\u73b0\u5229\u6da6\/\u635f\u5931\uff08NUPL\uff09\u6307\u6807\u5c06\u5e02\u573a\u6301\u6709\u7684\u603b\u5229\u6da6\u6216\u635f\u5931\u91cf\u5316\u4e3a\u5e02\u503c\u7684\u767e\u5206\u6bd4\u3002\u8003\u8651\u5230\u672a\u5b9e\u73b0\u5229\u6da6\u6216\u635f\u5931\u7684\u5e45\u5ea6\uff0c\u53ef\u4ee5\u6df1\u5165\u4e86\u89e3\u5e02\u573a\u7684\u5fc3\u7406\u72b6\u6001\u3002<\/p>\n<p>\u57fa\u4e8e\u4e0a\u8ff0\u5229\u6da6\u4f9b\u5e94\u767e\u5206\u6bd4\u6307\u6807\uff0cNUPL\u53ef\u4ee5\u66f4\u6df1\u5165\u5730\u4e86\u89e3\u76c8\u5229\u80fd\u529b\u7684\u5e45\u5ea6\uff0c\u4ece\u800c\u63a8\u52a8\u6295\u8d44\u8005\u7684\u60c5\u7eea\u2014\u2014\u4ece\u4e50\u89c2\u5230\u5174\u594b\u548c\u6050\u60e7\u3002<\/p>\n<p>NUPL\u5206\u4e3a\u56db\u4e2a\u98ce\u9669\u7b49\u7ea7\uff1a<\/p>\n<ul>\n<li>\u6781\u9ad8\u98ce\u9669\uff1aNUPL\u8d85\u8fc70.59\uff0c\u8d85\u8fc74\u5e74\u5e73\u5747\u503c\u4e00\u4e2a\u6807\u51c6\u5dee\u3002\u8fd9\u4e00\u9636\u6bb5\u4ee5\u6781\u7aef\u672a\u5b9e\u73b0\u5229\u6da6\u4e3a\u6807\u5fd7\uff0c\u53cd\u6620\u4e86\u5e02\u573a\u72c2\u70ed\u548c\u8c03\u6574\u98ce\u9669\u52a0\u5267\u3002<\/li>\n<li>\u9ad8\u98ce\u9669\uff1aNUPL\u4ecb\u4e8e0.35\u548c0.59\u4e4b\u95f4\uff0c\u8868\u660e\u5e02\u573a\u5904\u4e8e\u76c8\u5229\u72b6\u6001\uff0c\u4f46\u5c1a\u672a\u8fbe\u5230\u4ea2\u594b\u6c34\u5e73\u3002<\/li>\n<li>\u4f4e\u98ce\u9669\uff1aNUPL\u4ecb\u4e8e0.12\u548c0.35\u4e4b\u95f4\uff0c\u8868\u660e\u76c8\u5229\u80fd\u529b\u4e2d\u7b49\uff0c\u901a\u5e38\u5904\u4e8e\u7a33\u5b9a\u6216\u65e9\u671f\u590d\u82cf\u9636\u6bb5\u3002<\/li>\n<li>\u6781\u4f4e\u98ce\u9669\uff1aNUPL\u8dcc\u78340.12\uff0c\u4e0e\u718a\u5e02\u4e2d\u7684\u5e02\u573a\u6295\u964d\u548c\u5e95\u90e8\u53d1\u73b0\u9636\u6bb5\u76f8\u543b\u5408\u3002<\/li>\n<\/ul>\n<p>\u968f\u7740\u4ef7\u683c\u7a81\u78348.8\u4e07\u7f8e\u5143\uff0cNUPL\u4e5f\u8fdb\u5165\u4e86\u6781\u9ad8\u98ce\u9669\u533a\u57df\uff0c\u8868\u660e\u5e02\u573a\u73b0\u5728\u6301\u6709\u6781\u9ad8\u7684\u672a\u5b9e\u73b0\u5229\u6da6\u3002\u8fd9\u4e00\u9ad8\u4f4d\u8868\u660e\uff0c\u6295\u8d44\u8005\u5f00\u59cb\u52a0\u5927\u5356\u65b9\u538b\u529b\u3001\u5229\u7528\u66f4\u9ad8\u7684\u4ef7\u683c\u548c\u5f3a\u52b2\u7684\u65b0\u9700\u6c42\u7684\u98ce\u9669\u66f4\u5927\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/873f62b04ecd7dae4fee9a7237e51a4e1733413510293.webp\" alt=\"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f image 3\"><\/p>\n<p>     <em><span>\u6570\u636e\u6765\u6e90\uff1a Glassnode <\/span><\/em> <\/p>\n<p><strong>3.<\/strong><strong>\u8861\u91cf\u6295\u8d44\u8005\u7684\u652f\u51fa\u6a21\u5f0f<\/strong><\/p>\n<p>\u9274\u4e8e\u7cfb\u7edf\u4e2d\u672a\u5b9e\u73b0\u5229\u6da6\u6c34\u5e73\u8f83\u9ad8\uff0c\u53ef\u4ee5\u901a\u8fc7\u5df2\u5b9e\u73b0\u76c8\u4e8f\u6bd4\uff08RPLR\uff09\u6765\u8861\u91cf\u6295\u8d44\u8005\u5728\u6bd4\u7279\u5e01\u63a5\u8fd110\u4e07\u7f8e\u5143\u6c34\u5e73\u65f6\u5982\u4f55\u8c03\u6574\u5176\u652f\u51fa\u6a21\u5f0f\u3002<\/p>\n<p>RPLR\u8ddf\u8e2a\u94fe\u4e0a\u53d1\u751f\u7684\u83b7\u5229\u56de\u5410\u4e0e\u4e8f\u635f\u4e8b\u4ef6\u7684\u6bd4\u7387\uff0c\u56e0\u6b64\u53ef\u4ee5\u6d1e\u5bdf\u6295\u8d44\u8005\u7684\u884c\u4e3a\u53d8\u5316\u3002\u53ef\u4ee5\u901a\u8fc7\u5e94\u752814\u5929\u79fb\u52a8\u5e73\u5747\u7ebf (14D-MA) \u8fc7\u6ee4\u5176\u4ed6\u56e0\u7d20\uff0c\u4ece\u800c\u66f4\u6e05\u695a\u5730\u4e86\u89e3\u5b8f\u89c2\u8d8b\u52bf\u3002<\/p>\n<p>RPLR\u6846\u67b6\u5c06\u5e02\u573a\u98ce\u9669\u5206\u4e3a\u56db\u4e2a\u7b49\u7ea7\uff1a<\/p>\n<ul>\n<li>\u6781\u9ad8\u98ce\u9669\uff1aRPLR\u8d85\u8fc79\uff0c\u8868\u660e\u94fe\u4e0a\u79fb\u52a8\u7684\u4ee3\u5e01\u4e2d\u6709\u8d85\u8fc790%\u88ab\u7528\u4e8e\u83b7\u5229\u2014\u2014\u9700\u6c42\u67af\u7aed\u7684\u5e38\u89c1\u8ff9\u8c61<\/li>\n<li>\u9ad8\u98ce\u9669\uff1aRPLR\u4ecb\u4e8e3\u548c9\u4e4b\u95f4\uff0c\u5176\u4e2d75%-90%\u7684\u4ee3\u5e01\u7528\u4e8e\u76c8\u5229\uff0c\u901a\u5e38\u51fa\u73b0\u5728\u5e02\u573a\u9ad8\u5cf0\u671f<\/li>\n<li>\u4f4e\u98ce\u9669\uff1aRPLR\u964d\u81f33\u4ee5\u4e0b\uff0c\u8868\u660e\u5904\u4e8e\u76c8\u5229\u548c\u4e8f\u635f\u652f\u51fa\u5e73\u8861\u7684\u8fc7\u6e21\u9636\u6bb5\uff081 &lt; RPLR &lt; 3\uff09<\/li>\n<li>\u6781\u4f4e\u98ce\u9669\uff1aRPLR\u964d\u81f31\u4ee5\u4e0b\uff0c\u4ee5\u4e8f\u635f\u4ee3\u5e01\u4e3a\u4e3b\uff0c\u901a\u5e38\u5728\u5e02\u573a\u6295\u964d\u671f\u95f4\u89c2\u5bdf\u5230<\/li>\n<\/ul>\n<p>RPLR\u6307\u6807\u540c\u6837\u8fdb\u5165\u4e86\u6781\u9ad8\u98ce\u9669\u533a\u57df\uff0c\u7a81\u663e\u51fa\u5728\u6b64\u6b21\u4ef7\u683c\u53d1\u73b0\u53cd\u5f39\u671f\u95f4\u83b7\u5229\u56de\u5410\u6d3b\u52a8\u7684\u5f3a\u5ea6\u5f88\u5927\uff0c\u5e76\u4e14\u53ef\u80fd\u4f1a\u4e3a\u5e02\u573a\u521b\u9020\u95f4\u63a5\u4f9b\u5e94\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/61145da9c0b03d2d97b3604b1e7948991733413510439.webp\" alt=\"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f image 4\"><\/p>\n<p>     <em><span>\u6570\u636e\u6765\u6e90\uff1a Glassnode <\/span><\/em> <\/p>\n<p><strong>\u964d\u6e29<\/strong><\/p>\n<p>\u867d\u7136\u8fd9\u4e09\u4e2a\u6307\u6807\u90fd\u5904\u4e8e\u6781\u9ad8\u98ce\u9669\u533a\u57df\uff0c\u4f46\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u8fd9\u4e9b\u60c5\u51b5\u662f\u4ef7\u683c\u53d1\u73b0\u671f\u95f4\u7206\u53d1\u6027\u53cd\u5f39\u7684\u5178\u578b\u7279\u5f81\u3002<\/p>\n<p>\u53ef\u4ee5\u901a\u8fc7\u67e5\u770b\u8fc7\u53bb\u4e00\u5468\u8fd9\u4e9b\u6307\u6807\u964d\u6e29\u7684\u901f\u5ea6\u6765\u652f\u6301\u8fd9\u4e00\u8bc4\u4f30\u3002\u7279\u522b\u662f\u5206\u522b\u5173\u6ce8\u5df2\u5b9e\u73b0\u5229\u6da6\u548c\u6c38\u7eed\u5408\u7ea6\u8d44\u91d1\u8d39\u7387\uff0c\u4f5c\u4e3a\u8861\u91cf\u5356\u65b9\u538b\u529b\u548c\u8fc7\u5ea6\u6760\u6746\u9700\u6c42\u7684\u5173\u952e\u6307\u6807\u3002<\/p>\n<p>\u5df2\u5b9e\u73b0\u5229\u6da6\u8ddf\u8e2a\u79fb\u52a8\u4ee3\u5e01\u7684\u7f8e\u5143\u6536\u76ca\uff0c\u5728\u6bd4\u7279\u5e01\u541110\u4e07\u7f8e\u5143\u8fc8\u8fdb\u7684\u8fc7\u7a0b\u4e2d\uff0c\u65e5\u5747\u5229\u6da6\u8fbe\u5230105\u4ebf\u7f8e\u5143\u7684\u5cf0\u503c\u3002\u6b64\u540e\u4e0b\u964d\u5230\u6bcf\u592925\u4ebf\u7f8e\u5143\u5de6\u53f3\uff0c\u964d\u5e45\u8fbe76%\u3002\u8fd9\u79cd\u6025\u5267\u4e0b\u964d\u6697\u793a\u7740\u660e\u663e\u7684\u964d\u6e29\uff0c\u8868\u660e\u83b7\u5229\u56de\u5410\u53ef\u80fd\u66f4\u591a\u7684\u662f\u51b2\u52a8\u7684\uff0c\u800c\u4e0d\u662f\u6301\u7eed\u7684\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/192e499f9e23de220ffa694cd352c9e81733413510625.webp\" alt=\"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f image 5\"><\/p>\n<p>     <em><span>\u6570\u636e\u6765\u6e90\uff1a Glassnode <\/span><\/em> <\/p>\n<p>\u6c38\u7eed\u5408\u7ea6\u5e02\u573a\u4e5f\u5370\u8bc1\u4e86\u6b64\u89c1\u89e3\uff0c\u968f\u7740\u6295\u673a\u9700\u6c42\u5f00\u59cb\u7a33\u5b9a\uff0c\u8d44\u91d1\u8d39\u7387\u5f00\u59cb\u8d8b\u4e8e\u7a33\u5b9a\u3002<\/p>\n<p>\u8d44\u91d1\u8d39\u7387\u8861\u91cf\u6301\u6709\u672a\u5e73\u4ed3\u6c38\u7eed\u671f\u8d27\u5408\u7ea6\u7684\u5229\u606f\u6210\u672c\uff0c\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u591a\u5934\u4ea4\u6613\u8005\u5fc5\u987b\u5411\u7a7a\u5934\u652f\u4ed8\u5229\u606f\u3002\u8d44\u91d1\u6210\u672c\u5728\u53cd\u5f39\u671f\u95f4\u98d9\u5347\uff0c\u4f46\u5e45\u5ea6\u4e0d\u53ca\u4eca\u5e743\u6708\u3002<\/p>\n<p>\u5982\u679c\u8d44\u91d1\u8d39\u7387\u5f00\u59cb\u4e0b\u964d\uff0c\u8868\u660e\u5927\u91cf\u7684\u591a\u5934\u6760\u6746\u5f00\u59cb\u9000\u51fa\u5e02\u573a\uff0c\u800c\u91cd\u65b0\u4e0a\u6da8\u5219\u53ef\u80fd\u8868\u660e\u591a\u5934\u98ce\u9669\u6b63\u5728\u589e\u52a0\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/c8c907eaeb9363266c3b763c928fa8051733413510776.webp\" alt=\"\u6570\u636e\u89e3\u8bfb\u6bd4\u7279\u5e01\u65b0\u9ad8\u540e\u6301\u6709\u8005\u5982\u4f55\u884c\u4e8b\uff1f image 6\"><\/p>\n<p>     <em><span>\u6570\u636e\u6765\u6e90\uff1a Glassnode <\/span><\/em> <\/p>\n<h3><strong>\u7ed3\u8bba<\/strong><\/h3>\n<p>\u6bd4\u7279\u5e01\u6700\u8fd1\u4e0a\u6da8\u81f39.94\u4e07\u7f8e\u5143\u7684\u5386\u53f2\u65b0\u9ad8\uff0c\u6807\u5fd7\u7740\u672c\u5468\u671f\u7684\u5173\u952e\u65f6\u523b\uff0c\u63a8\u52a8\u5e02\u573a\u8fdb\u5165\u4ef7\u683c\u53d1\u73b0\u9636\u6bb5\u3002\u7a81\u7834\u4e86\u957f\u671f\u5b58\u5728\u76845.4\u4e07\u7f8e\u5143\u81f37.4\u4e07\u7f8e\u5143\u7684\u4ef7\u683c\u533a\u95f4\uff0c\u63a8\u52a8\u5927\u91cf\u4f9b\u5e94\u4ea7\u751f\u672a\u5b9e\u73b0\u5229\u6da6\uff0c\u5e76\u89e6\u53d1\u4e86\u7528\u6765\u8ffd\u8e2a\u77ed\u671f\u8fc7\u70ed\u98ce\u9669\u7684\u51e0\u4e2a\u9ad8\u6307\u6807\u3002<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u4e00\u4e9b\u6307\u6807\u5f00\u59cb\u964d\u6e29\uff0c\u4f8b\u5982\u5df2\u5b9e\u73b0\u5229\u6da6\u548c\u6c38\u7eed\u5408\u7ea6\u8d44\u91d1\u8d39\u7387\u7684\u4e0b\u964d\u3002\u8fd9\u8868\u660e\u8fc7\u5ea6\u6295\u673a\u5174\u8da3\u653e\u7f13\uff0c\u73b0\u8d27\u5356\u65b9\u6d3b\u52a8\u51c0\u51cf\u5c11\u3002\u6bd4\u7279\u5e01\u5e02\u573a\u6b63\u8bd5\u56fe\u91cd\u65b0\u627e\u5230\u5e73\u8861\uff0c\u5f53\u524d\u4f9b\u5e94\u5bc6\u5ea6\u96c6\u7fa4\u7684\u5e95\u90e8\u4e3a8.8\u4e07\u7f8e\u5143\u3002<\/p>\n<\/p><\/div>\n<div class=\"mobile_tag associated_labels mt-9\">\n<div class=\"labels_title\">\n       \u5173\u8054\u6807\u7b7e\n     <\/div>\n<div class=\"labels_content d-flex flex-wrap mt-3\">\n       \u6bd4\u7279\u5e01 NUPL RPLR \u5386\u53f2\u65b0\u9ad8 PANews\n     <\/div>\n<\/p><\/div>\n<div class=\"tip_offs mt-8\">\n      \u94fe\u6355\u624bChainCatcher\u63d0\u9192\uff0c\u8bf7\u5e7f\u5927\u8bfb\u8005\u7406\u6027\u770b\u5f85\u533a\u5757\u94fe\uff0c\u5207\u5b9e\u63d0\u9ad8\u98ce\u9669\u610f\u8bc6\uff0c\u8b66\u60d5\u5404\u7c7b\u865a\u62df\u4ee3\u5e01\u53d1\u884c\u4e0e\u7092\u4f5c\uff0c \u7ad9\u5185\u6240\u6709\u5185\u5bb9\u4ec5\u7cfb\u5e02\u573a\u4fe1\u606f\u6216\u76f8\u5173\u65b9\u89c2\u70b9\uff0c\u4e0d\u6784\u6210\u4efb\u4f55\u5f62\u5f0f\u6295\u8d44\u5efa\u8bae\u3002\u5982\u53d1\u73b0\u7ad9\u5185\u5185\u5bb9\u542b\u654f\u611f\u4fe1\u606f\uff0c\u53ef\u70b9\u51fb \u201c\u4e3e\u62a5\u201d \uff0c\u6211\u4eec\u4f1a\u53ca\u65f6\u5904\u7406\u3002\n    <\/div>\n<div class=\"detail_bottom_banner mt-8 d-flex align-center justify-center\">\n    <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u539f\u6807\u9898\uff1a\u300aNavigating Post-ATH Trends\u300b \u4f5c\u8005\uff1a Glassnode \u7f16\u8bd1\uff1aFelix [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1121","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1121"}],"version-history":[{"count":1,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1121\/revisions"}],"predecessor-version":[{"id":2836,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1121\/revisions\/2836"}],"wp:attachment":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}