BlockBeats 消息,10 月 6 日,链上数据分析师 Murphy 表示,对比特币链上的未实现盈亏比(UPUL)进行分析,正常情况下,价格越高,UP 越大,UPUL 也会越大。但现在的情况是,价格更高,UPUL 反而更低,这表明市场上涨越来越依赖新资金持续流入,而不是存量筹码的持有信心。因此,需要重点关注 ETF 净流入以及现货敞口的大小。一旦流入放缓,短期冲高将会受限。波段交易员开始分批止盈,这是合理的。同时,牛市周期到目前为止并未出现明显的转熊迹象。
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