{"id":731442,"date":"2026-02-26T19:26:34","date_gmt":"2026-02-26T11:26:34","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=731442"},"modified":"2026-02-26T19:26:34","modified_gmt":"2026-02-26T11:26:34","slug":"%e5%88%86%e6%9e%90%e5%b8%88%ef%bc%9a%e6%8c%87%e6%a0%87%e6%98%be%e7%a4%ba%e5%bd%93%e5%89%8d%e5%b8%82%e5%9c%ba%e6%83%85%e7%bb%aa%e8%bf%9c%e6%9c%aa%e8%a7%a6%e5%8f%8a%e4%bb%a5%e5%be%80%e5%91%a8%e6%9c%9f","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=731442","title":{"rendered":"\u5206\u6790\u5e08\uff1a\u6307\u6807\u663e\u793a\u5f53\u524d\u5e02\u573a\u60c5\u7eea\u8fdc\u672a\u89e6\u53ca\u4ee5\u5f80\u5468\u671f\u5e95\u90e8\u6295\u964d\u533a\u57df"},"content":{"rendered":"<p>\u6bd4\u63a8\u6d88\u606f\uff0c\u52a0\u5bc6\u5e02\u573a\u5206\u6790\u5e08 Axel \u5728\u793e\u4ea4<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%aa%92%e4%bd%93\" title=\"View all posts in \u5a92\u4f53\" target=\"_blank\" class=\"tag_link\">\u5a92\u4f53<\/a>\u4e0a\u53d1\u5e03\u62a5\u544a\u79f0\uff0cCryptoQuant \u6570\u636e\u663e\u793a\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%af%94%e7%89%b9%e5%b8%81\" title=\"View all posts in \u6bd4\u7279\u5e01\" target=\"_blank\" class=\"tag_link\">\u6bd4\u7279\u5e01<\/a>MVRV Z-Score\u5f53\u524d\u4e3a -2.28\uff0c\u5df2\u8dcc\u7834 2018 \u5e74\uff08-1.6\uff09\u53ca 2022 \u5e74\uff08-1.4\uff09\u718a\u5e02\u5e95\u90e8\u6c34\u5e73\uff0c\u5904\u4e8e\u5f3a\u718a\u533a\u57df\u3002<\/p>\n<\/p>\n<p>MVRV Z-Score \u662f\u5e02\u503c\u76f8\u5bf9\u4e8e\u5df2\u5b9e\u73b0\u5e02\u503c\u7684\u6807\u51c6\u5316\u504f\u79bb\u503c\uff1b\u8d1f\u503c\u8868\u793a\u5e02\u573a\u4ef7\u683c\u4f4e\u4e8e\u94fe\u4e0a\u516c\u5141\u4ef7\u503c\u3002<\/p>\n<\/p>\n<p>Axel \u89e3\u91ca\u79f0\uff0c\u8fd9\u4e00\u5f02\u5e38\u53ef\u5f52\u56e0\u4e8e ETF \u65f6\u4ee3\u5df2\u5b9e\u73b0\u5e02\u503c\u7684\u89c4\u6a21\uff0c\u5927\u91cf\u673a\u6784\u8d44\u672c\u6d8c\u5165\u62ac\u9ad8\u4e86\u6210\u672c\u57fa\u7840\uff0c\u4f7f Z-Score \u5bf9\u4ef7\u683c\u8c03\u6574\u66f4\u4e3a\u654f\u611f\u3002\u82e5 Z-Score \u56de\u5347\u81f3 -1.5 \u4e0a\u65b9\u4e14\u4ef7\u683c\u5b88\u4f4f 65,000 \u7f8e\u5143\uff0c\u5c06\u662f\u9000\u51fa\u538b\u529b\u533a\u7684\u9996\u4e2a\u6280\u672f\u786e\u8ba4\u4fe1\u53f7\u3002<\/p>\n<\/p>\n<p>\u7136\u800c\uff0c\u8861\u91cf\u5e02\u573a\u60c5\u7eea\u7684 NUPL \u6307\u6807\u5f53\u524d\u4e3a 0.197\uff0c\u4ecd\u5904\u4e8e\u5e0c\u671b\u533a\uff0c\u8fdc\u672a\u89e6\u53ca\u5386\u53f2\u4e0a\u5468\u671f\u5e95\u90e8\u7684\u6295\u964d\u533a\u57df\u3002\u5728\u771f\u6b63\u7684\u6295\u964d\u9636\u6bb5\uff082018 \u5e74 12 \u6708\u30012020 \u5e74 3 \u6708\u30012022 \u5e74 11 \u6708\uff09\uff0cNUPL \u90fd\u4f1a\u8dcc\u5165\u8d1f\u503c\u533a\u57df\uff0c\u5927\u591a\u6570\u6301\u6709\u8005\u51fa\u73b0\u51c0\u4e8f\u635f\u3002\u5f53\u524d 0.197 \u5904\u4e8e\u5386\u53f2\u533a\u95f4\u7684\u4e2d\u95f4\u4f4d\u7f6e\uff0c\u8ddd\u79bb\u771f\u6b63\u7684\u75db\u82e6\u533a\u57df\u8fd8\u5f88\u8fdc\u3002\u6570\u636e\u663e\u793a\u51fa\u5e02\u573a\u60c5\u7eea\u5728\u5f31\u5316\uff0c\u4f46\u5c1a\u672a\u6050\u614c\u3002\u5927\u90e8\u5206\u53c2\u4e0e\u8005\u4ecd\u5904\u4e8e\u8d26\u9762\u76c8\u5229\u72b6\u6001\uff08NUPL &gt; 0\uff09\uff0c\u4f46\u4fe1\u5ff5\u5df2\u7ecf\u660e\u663e\u52a8\u6447\u3002<\/p>\n<p>(\u6765\u6e90:\u6bd4\u63a8)                                                             <ins                                 data-ad-layout=\"in-article\"                                 data-ad-format=\"fluid\"                                 data-ad-client=\"ca-pub-8211126797345278\"                                 data-ad-slot=\"6642518713\"><\/ins>                                                                                                                                                                        <\/p>\n<div>\n<h5>\u539f\u6587\u94fe\u63a5:<a target=\"_blank\" href=\"https:\/\/axeladlerjr.com\/mvrv-z-score-deeper-than-2018-and-2022-but-nupl-does-not-confirm-capitulation\/\" rel=\"noopener\">https:\/\/axeladlerjr.com\/mvrv-z-score-deeper-than-2018-and-2022-but-nupl-does-n...<\/a><\/h5>\n<\/p><\/div>\n<div>\n<h5>\u8bf4\u660e: \u6bd4\u63a8\u6240\u6709\u6587\u7ae0\u53ea\u4ee3\u8868\u4f5c\u8005\u89c2\u70b9\uff0c\u4e0d\u6784\u6210<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u5efa\u8bae<\/h5>\n<\/p><\/div>\n<div>                                                                                                          <\/div>\n<div>\n<style>                                  <\/style>\n<div>\u76f8\u5173\u65b0\u95fb<\/div>\n<ul>                                         \u6ca1\u6709\u76f8\u5173\u6587\u7ae0                                    <\/ul>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u6bd4\u63a8\u6d88\u606f\uff0c\u52a0\u5bc6\u5e02\u573a\u5206\u6790\u5e08 Axel \u5728\u793e\u4ea4\u5a92\u4f53\u4e0a\u53d1\u5e03\u62a5\u544a\u79f0\uff0cCryptoQuant \u6570\u636e\u663e\u793a\uff0c\u6bd4\u7279\u5e01MVRV  [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":[],"categories":[327],"tags":[271,280,241,22],"views":25,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/731442"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=731442"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/731442\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=731442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=731442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=731442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}