BlockBeats 消息,1 月 23 日,glassnode 发表周度报告称,比特币仍处于低参与度状态,價格走勢更多受缺乏壓力而非積極交易意願驅動。鏈上數據持續反映出供應過剩和結構性支撐脆弱,而現貨資金流動雖然有所改善,但尚未轉化為持續的吸籌。
機構和企業需求依然謹慎,財庫公司資金流動趨於穩定,交易活動集中在零星交易中。衍生品參與度依然低迷,期貨交易量萎縮,槓桿運用也較為溫和,進一步加劇了流動性不足的市場環境,使得價格對微小的倉位變動都愈發敏感。
總體而言,市場似乎正在悄然構築底部,但這種整理並不是因為參與度過高、熱情過度,而是因為投資者信心出現暫停,大家都在等待下一個明確的催化劑,來重新激發更廣泛的市場參與和動能。
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