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比特幣 Puell Multiple 指標顯示礦工承壓,分析人士稱 5.9 萬美元或為本輪周期底部

2026-06-21 15:36:59

ChainCatcher 消息,加密分析人士 Lark Davis 指出,比特幣 Puell Multiple 指標當前讀數顯示,市場已接近或正處於本輪週期底部區域。該指標透過追蹤礦工日收入與 365 日均值之比來衡量礦工盈利狀況,當礦工收入持續低迷、被迫拋售 BTC 以覆蓋運營成本時,歷史上往往對應週期低點。

Davis 表示,儘管指標尚未觸及綠色超賣區間,但礦工承壓信號已經出現,而這在歷史上通常標誌著熊市尾聲的開始。他同時指出,本輪週期價格信號整體較歷史規律更為溫和。Davis 認為,59,000 美元能否守住作為本輪低點,將在未來數月內見分曉,但目前跡象已趨於明朗。

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