BlockBeats 消息，2 月 2 日，分析师 Axel Adler Jr. 表示，「比特币期货资金流指数」结合了价格动态与衍生品资金流（吃单量+未平仓合约变化）。
而自上周五以来，资金流指数从约 50 暴跌至关键的 7.1%，处于该指数刻度区间的下限，也是过去一个月中的极值。自 1 月 28 日起持续被标记的价格走势，确认了持续的熊市状态。关键点在于：自 1 月 30 日起，该指数已跌破 45% 阈值，根据模型定义，这标志着进入熊市边界。
历史上，7.1% 的读数通常对应市场投降区域。要实现状态转换，指数需回升至 45% 以上且价格趋于稳定。在此之前，任何反弹在技术上仍属于熊市结构内的修复。
而另一指数——「比特币局部压力指数」整合了波动率、资金费率与杠杆水平，形成一个综合性压力指标。在 1 月 31 日（周五）晚间价格跌破 7.8 万美元的抛售中，该指数一度飙升至 92.5 的峰值。整个周末，该指数始终处于「尾部风险警戒」状态——这表明所有压力阀门（趋势下行+波动率升高+资金流偏向）同时被激活。当前读数 73 仍处于「高位」区间。
历史上，该指数突破 90 往往与局部价格底部重合。如果在新一轮压力下，LSI 再次突破 80，将预示着瀑布式下跌的延续。
两项指标共同描绘出一幅图景：资金流指数处于极端低位，局部压力指数则处于峰值。这正是市场「投降」的特征——当压力达到极限，市场开始尝试吸收流动性冲击。
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Articoli correlati
Bitcoin ETFs Record $663.9M Inflows, Strongest Day Since Mid-January
Bitcoin ETFs saw $663.9 million in inflows on April 18, indicating renewed institutional confidence and a shift in market sentiment. This trend suggests sustained interest in Bitcoin as investors seek to diversify their portfolios.
GateNews3m fa
Bitcoin Ownership Surpasses Gold Among Americans for the First Time
More Americans now own Bitcoin than gold, highlighting a significant shift in asset preferences as Bitcoin's popularity surges. U.S. entities dominate global Bitcoin holdings, and institutional adoption is accelerating, with major firms entering the market and legislation potentially enhancing Bitcoin's legal status.
GateNews33m fa
Bitcoin Price Outlook Shifts as Iran Toll Demand Revives $1M Target Talk
Iran Bitcoin toll revives debate on crypto as global payment infrastructure
Geopolitical tensions push Bitcoin beyond store-of-value into currency role
Institutional adoption and flows strengthen long-term million-dollar Bitcoin narratives
Bitcoin price outlook has shifted again after fr
CryptoNewsLand54m fa
MicroStrategy Proposes Semi-Monthly Dividends for STRC to Improve Liquidity and Stabilize Stock Price
MicroStrategy has proposed changing its STRC preferred stock dividends from monthly to semi-monthly to enhance liquidity and stabilize stock prices, maintaining an 11.5% annual yield. Concerns about this structure have been raised by Bitcoin critic Peter Schiff.
GateNews3h fa
Tim Draper-Linked Wallet Deposits 150.84 BTC to Major CEX, Facing ~$2.57M Loss
Tim Draper's wallet transferred 150.84 BTC, valued at $11.62 million, to a centralized exchange after a year of holding, leading to an estimated loss of $2.57 million.
GateNews3h fa
Bitcoin Spot ETFs Record $664M Net Inflows, Highest Single Day in Three Months
Bitcoin spot ETFs saw significant net inflows of $664 million on April 17, the largest in three months. BlackRock led the funds with $284 million, followed by Fidelity and ARK. Other products saw minimal contributions.
GateNews4h fa
