{"id":6034,"date":"2025-12-04T17:43:16","date_gmt":"2025-12-04T09:43:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=6034"},"modified":"2025-12-04T17:43:16","modified_gmt":"2025-12-04T09:43:16","slug":"%e6%af%94%e7%89%b9%e5%b8%81%e8%b7%8c%e7%a0%b4-11-%e4%b8%87%e3%80%81%e5%85%a8%e7%bd%91%e7%88%86%e4%bb%93-9-%e4%ba%bf%e7%be%8e%e5%85%83%ef%bc%8c%e3%80%8c-9-%e6%9c%88%e9%ad%94%e5%92%92%e3%80%8d%e6%8f%90","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=6034","title":{"rendered":"\u6bd4\u7279\u5e01\u8dcc\u7834 11 \u4e07\u3001\u5168\u7f51\u7206\u4ed3 9 \u4ebf\u7f8e\u5143\uff0c\u300c 9 \u6708\u9b54\u5492\u300d\u63d0\u524d\u4e0a\u6f14\uff1f"},"content":{"rendered":"

\u300c9 \u6708\u9b54\u5492\u300d\u5728\u5386\u6b21\u725b\u5e02\u5468\u671f\u4e2d\u90fd\u66fe\u51fa\u73b0\u3002 2013 \u5e74\u30012017 \u5e74\u548c 2021 \u5e74\uff0c\u6bd4\u7279\u5e01\u5728\u590f\u5b63\u5f3a\u52b2\u53cd\u5f39\u540e\uff0c\u5747\u5728 9 \u6708\u8fce\u6765\u5267\u70c8\u56de\u6863\u3002
\n
<\/p>\n

\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u9707\u8361\u52a0\u5267\u3002\u6bd4\u7279\u5e01\u4eca\uff0826\uff09\u65e5\u4e00\u5ea6\u8dcc\u7834 11 \u4e07\u7f8e\u5143\u5173\u53e3\uff0c\u6700\u4f4e\u89e6\u53ca 109,324 \u7f8e\u5143\uff0c \u4e3a 7 \u6708\u521d\u4ee5\u6765\u7684\u4f4e\u70b9\uff0c\u4ee5\u592a\u5e01\u77ed\u7ebf\u8dcc\u7834 4,400 \u7f8e\u5143\uff0c24 \u5c0f\u65f6\u8dcc\u5e45\u8fd1 8% \u3002\u8fd9\u4e00\u8f6e\u4e0b\u632b\u5f15\u53d1\u4e86\u5168\u5e02\u573a\u5927\u89c4\u6a21\u6e05\u7b97\uff1a\u6839\u636e CoinGlass \u6570\u636e\uff0c\u622a\u81f3\u672c\u6587\u64b0\u5199\u65f6\uff0c 24 \u5c0f\u65f6\u7206\u4ed3\u989d\u8d85\u8fc7 9 \u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u4ee5\u592a\u5e01\u591a\u5934\u635f\u5931\u7ea6 3.22 \u4ebf\u7f8e\u5143\uff0c\u6bd4\u7279\u5e01\u591a\u5934\u635f\u5931 2.07 \u4ebf\u7f8e\u5143\u3002<\/p>\n

\"\"<\/p>\n

\u5e02\u573a\u8fde\u9501\u53cd\u5e94\u8fc5\u901f\uff0c\u4e3b\u6d41\u7ade\u4e89\u5e01\u5168\u7ebf\u627f\u538b\uff1aSolana \u5355\u65e5\u66b4\u8dcc\u903e 8%\uff0cXRP \u4e0b\u8dcc 6%\uff0c\u800c PENDLE \u3001 LDO \u3001 PENGU \u7b49\u4e2d\u5c0f\u5e02\u503c\u4ee3\u5e01\u66f4\u5f55\u5f97\u4e24\u4f4d\u6570\u8dcc\u5e45\uff0c\u5355\u65e5\u8dcc\u5e45\u9ad8\u8fbe 13% \u3002<\/p>\n

\u5386\u53f2\u89c4\u5f8b\uff1a 9 \u6708\u7684\u300c\u9b54\u5492\u300d<\/p>\n

\u6295\u8d44\u8005\u7684\u8c28\u614e\u5e76\u975e\u65e0\u6e90\u4e4b\u6c34\uff0cCoinGlass \u7684\u7edf\u8ba1\u663e\u793a\uff0c 9 \u6708\u662f\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u5e01\u8868\u73b0\u6700\u5dee\u7684\u6708\u4efd\u4e4b\u4e00\u3002<\/p>\n

\"\"<\/p>\n

\u4e0a\u56fe\u56fe\u8868\u6bd4\u8f83\u4e86 2017\u20132024 \u5e74 BTC \u4e0e ETH \u5728 9 \u6708\u7684\u5b9e\u9645\u6da8\u8dcc\u5e45\uff0c\u53ef\u4ee5\u770b\u51fa\uff1a<\/p>\n

BTC \u5728\u5927\u90e8\u5206\u5e74\u4efd\u4e2d 9 \u6708\u8868\u73b0\u4e3a\u8d1f\uff0c\u53ea\u6709 2023\uff08+3.91%\uff09\u548c 2024\uff08+7.29%\uff09\u5f55\u5f97\u4e0a\u6da8\u3002
\nETH \u7684 9 \u6708\u8dcc\u5e45\u901a\u5e38\u8f83\u5927\uff0c2017\uff08\u201321.65%\uff09\u3001 2020\uff08\u201317.08%\uff09\u3001 2022\uff08\u201314.49%\uff09\u90fd\u663e\u8457\u8dd1\u8f93 BTC \u3002
\n\u53ea\u6709 2019\uff08ETH +5.72% vs BTC \u201313.38%\uff09\u3001 2023 \u4e0e 2024 \u51fa\u73b0\u4e86 ETH \u8868\u73b0\u8f83\u5f3a\u7684\u60c5\u51b5\u3002<\/p>\n

\u300c9 \u6708\u9b54\u5492\u300d\u5728\u5386\u6b21\u725b\u5e02\u5468\u671f\u4e2d\u90fd\u66fe\u51fa\u73b0\u3002 2013 \u3001 2017 \u548c 2021 \u5e74\uff0c\u6bd4\u7279\u5e01\u5728\u590f\u5b63\u5f3a\u52b2\u53cd\u5f39\u540e\uff0c\u5747\u5728 9 \u6708\u8fce\u6765\u5267\u70c8\u56de\u6863\u3002<\/p>\n

\u5206\u6790\u5e08\u89c2\u70b9\uff1a\u77ed\u671f\u8d8b\u52bf\u9006\u8f6c<\/p>\n

\u77e5\u540d\u5206\u6790\u5e08 Benjamin Cowen \u6307\u51fa\uff0c7\u20138 \u6708\u7684\u5f3a\u52bf\u5f80\u5f80\u5728 9 \u6708\u9006\u8f6c\uff0c\u6bd4\u7279\u5e01\u6781\u53ef\u80fd\u4e0b\u63a2\u81f3 11 \u4e07\u7f8e\u5143\u9644\u8fd1\u7684\u591a\u5934\u652f\u6491\u5e26\u3002\u4ed6\u540c\u65f6\u8b66\u544a\uff0c\u4ee5\u592a\u5e01\u53ef\u80fd\u77ed\u6682\u521b\u51fa\u65b0\u9ad8\uff0c\u4f46\u968f\u5373\u4e0b\u8dcc 20\u201330%\uff0c\u7ade\u4e89\u5e01\u7684\u8dcc\u5e45\u751a\u81f3\u53ef\u80fd\u8fbe\u5230 30\u201350% \u3002<\/p>\n

\u53e6\u4e00\u4f4d\u6d3b\u8dc3\u7684\u5e02\u573a\u5206\u6790\u5e08 Doctor Profit \u5219\u4ece\u5b8f\u89c2\u4e0e\u5fc3\u7406\u5c42\u9762\u8865\u5145\u4e86\u66f4\u60b2\u89c2\u7684\u5224\u65ad\u3002\u4ed6\u8ba4\u4e3a\uff0c9 \u6708\u8054\u51c6\u4f1a\u7684\u964d\u606f\u4e0e\u5176\u8bf4\u662f\u5229\u597d\uff0c\u4e0d\u5982\u8bf4\u662f\u5f15\u7206\u4e0d\u786e\u5b9a\u6027\u7684\u5bfc\u706b\u7ebf\u3002\u4e0e 2024 \u5e74\u7684\u300c\u8f6f\u8457\u9646\u5f0f\u964d\u606f\u300d\u4e0d\u540c\uff0c\u8fd9\u6b21\u53ef\u80fd\u662f\u771f\u6b63\u610f\u4e49\u4e0a\u7684\u300c\u91cd\u5927\u8f6c\u6298\u70b9\u300d\uff0c\u4ece\u800c\u5f15\u53d1\u80a1\u5e02\u4e0e\u52a0\u5bc6\u5e02\u573a\u7684\u540c\u6b65\u4fee\u6b63\u3002<\/p>\n

\u5728\u4ef7\u683c\u5c42\u9762\uff0c\u4ed6\u4e5f\u5f3a\u8c03\uff0cBTC \u56fe\u8868\u4e2d\u4ecd\u5b58\u5728 93k\u201395k \u7684 CME \u7f3a\u53e3\uff0c\u5927\u91cf\u6d41\u52a8\u6027\u96c6\u4e2d\u4e8e\u6b64\uff0c\u800c\u6563\u6237\u7684\u5efa\u4ed3\u70b9\u4f4d\u666e\u904d\u5728 110k\u2013120k \u533a\u95f4\u751a\u81f3\u66f4\u9ad8\u3002\u82e5\u8981\u6d17\u51fa\u8fd9\u4e9b\u300c\u5f31\u624b\u300d\uff0c\u4ef7\u683c\u5fc5\u987b\u8dcc\u5165\u4ed6\u4eec\u7684\u300c\u6700\u5927\u75db\u70b9\u533a\u95f4\u300d\u3002<\/p>\n

\"\"<\/p>\n

\u5728\u5176\u7b56\u7565\u4e2d\uff0c\u4ed6\u8868\u793a\u5df2\u9010\u6b65\u51cf\u4ed3 BTC \u4e0e ETH \u73b0\u8d27\uff0c\u8f6c\u800c\u5e03\u5c40\u77ed\u7ebf\u7a7a\u5355\u3002<\/p>\n

\u6700\u65b0\u7684\u8d44\u91d1\u6d41\u52a8\u6570\u636e\u663e\u793a\uff0cETF \u7684\u70ed\u5ea6\u6b63\u5728\u964d\u6e29\u3002\u6839\u636e SoSoValue\uff0c\u4e0a\u5468\u73b0\u8d27\u6bd4\u7279\u5e01 ETF \u6d41\u51fa 11.7 \u4ebf\u7f8e\u5143\uff0c\u4e3a\u53f2\u4e0a\u7b2c\u4e8c\u5927\u5468\u5ea6\u51c0\u6d41\u51fa\uff1b\u73b0\u8d27\u4ee5\u592a\u5e01 ETF \u6d41\u51fa 2.377 \u4ebf\u7f8e\u5143\uff0c\u4e3a\u53f2\u4e0a\u7b2c\u4e09\u5927\u7eaa\u5f55\u3002\u8fd9\u663e\u793a\u673a\u6784\u8d44\u91d1\u9636\u6bb5\u6027\u8f6c\u5411\u89c2\u671b\uff0c\u51cf\u5f31\u4e86\u73b0\u8d27\u5e02\u573a\u7684\u652f\u6491\u529b\u3002<\/p>\n

\"\"<\/p>\n

\u94fe\u4e0a\u6570\u636e\u4e5f\u63ed\u793a\u51fa\u7ed3\u6784\u6027\u8baf\u53f7\u3002 Glassnode \u6307\u51fa\uff0c\u6240\u6709\u6bd4\u7279\u5e01\u6301\u6709\u8005\u7fa4\u4f53\u300c\u5df2\u7ecf\u96c6\u4f53\u8fdb\u5165\u5206\u53d1\u9636\u6bb5\u300d\uff0c\u8fd9\u79cd\u4e00\u81f4\u6027\u51f8\u663e\u5e02\u573a\u6b63\u5728\u7ecf\u5386\u5e7f\u6cdb\u7684\u5356\u538b\u3002\u800c\u4ee5\u592a\u5e01\u5728\u521b\u4e0b 4,946 \u7f8e\u5143\u65b0\u9ad8\u540e\u56de\u843d\uff0cMVRV \u6307\u6807\u5347\u81f3 2.15\uff0c\u610f\u5473\u8457\u6295\u8d44\u8005\u5e73\u5747\u6301\u6709\u903e 2 \u500d\u7684\u672a\u5b9e\u73b0\u6536\u76ca\u3002\u5386\u53f2\u4e0a\uff0c\u8fd9\u4e00\u6c34\u51c6\u4e0e 2020 \u5e74 12 \u6708\u4e0e 2024 \u5e74 3 \u6708\u76f8\u4f3c\uff0c\u5747\u51fa\u73b0\u5728\u5267\u70c8\u6ce2\u52a8\u4e0e\u83b7\u5229\u4e86\u7ed3\u4e4b\u524d\u3002<\/p>\n

\u5b8f\u89c2\u56e0\u7d20\uff1a\u8054\u51c6\u4f1a\u4e0e\u5229\u7387\u98ce\u9669<\/p>\n

\u5b8f\u89c2\u73af\u5883\u7684\u4e0d\u786e\u5b9a\u6027\u8fdb\u4e00\u6b65\u52a0\u5267\u5e02\u573a\u7d27\u5f20\u3002\u4e0a\u5468\u4e94\uff0c\u8054\u51c6\u4f1a\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u6697\u793a 9 \u6708\u53ef\u80fd\u964d\u606f\uff0c\u4e00\u5ea6\u523a\u6fc0\u5e02\u573a\u4e50\u89c2\uff0c\u4f46 Cowen \u4e0e Doctor Profit \u90fd\u63d0\u9192\uff0c\u964d\u606f\u5e76\u4e0d\u5fc5\u7136\u5229\u597d\uff0c\u53cd\u800c\u53ef\u80fd\u5e26\u6765\u957f\u7aef\u7f8e\u503a\u6536\u76ca\u7387\u4e0a\u884c\uff0c\u4ece\u800c\u538b\u5236\u98ce\u9669\u8d44\u4ea7\u3002\u8fd9\u4e0e 2023 \u5e74 9 \u6708\u7684\u60c5\u51b5\u9887\u4e3a\u76f8\u4f3c\uff0c\u5f53\u65f6\u964d\u606f\u53cd\u800c\u6807\u5fd7\u8457\u503a\u5e02\u4f4e\u70b9\uff0c\u968f\u540e\u6b96\u5229\u7387\u98d9\u5347\u3002\u6b64\u5916\uff0cBenjamin Cowen \u4e5f\u6307\u51fa\uff0c\u6700\u8fd1\u7684\u751f\u4ea7\u8005\u7269\u4ef7\u6307\u6570\uff08PPI\uff09\u6570\u636e\u663e\u793a\uff0c\u901a\u81a8\u300c\u6bd4\u9884\u671f\u4e2d\u66f4\u52a0\u706b\u70ed\u300d\uff0c\u8fd9\u65e0\u7591\u7ed9\u5e02\u573a\u5e26\u6765\u4e86\u989d\u5916\u7684\u538b\u529b\u3002\u5728\u901a\u81a8\u538b\u529b\u672a\u5b8c\u5168\u7f13\u89e3\u7684\u60c5\u51b5\u4e0b\uff0c\u8054\u51c6\u4f1a\u7684\u653f\u7b56\u8f6c\u5411\u53ef\u80fd\u4f1a\u5f15\u53d1\u65b0\u7684\u5e02\u573a\u52a8\u8361\u3002<\/p>\n

\u5c55\u671b\u4e0e\u7ed3\u8bba<\/p>\n

\u7eb5\u89c2\u5386\u53f2\u6cd5\u5219\u3001\u5206\u6790\u5e08\u89c2\u70b9\u4e0e\u5b8f\u89c2\u73af\u5883\uff0c\u53ef\u4ee5\u770b\u5230 9 \u6708\u5bf9\u52a0\u5bc6\u5e02\u573a\u6784\u6210\u4e86\u51e0\u91cd\u538b\u529b\uff1a<\/p>\n

\u5b63\u8282\u6027\u4e0b\u884c\uff0d \u5386\u53f2\u4e0a 9 \u6708\u5e73\u5747\u5f55\u5f97\u663e\u8457\u4e8f\u635f\uff1b
\n\u5b8f\u89c2\u4e0d\u786e\u5b9a\u6027\uff0d \u8054\u51c6\u4f1a\u7684\u653f\u7b56\u53ef\u80fd\u6210\u4e3a\u5e02\u573a\u5206\u6c34\u5cad\uff1b
\n\u8d44\u91d1\u7ed3\u6784\u5931\u8861\uff0d \u673a\u6784\u8d44\u91d1\u6d41\u51fa\u3001\u6563\u6237\u9ad8\u4f4d\u8ffd\u6da8\uff1b
\n\u94fe\u4e0a\u5356\u538b\u52a0\u5267\uff0d \u6240\u6709\u6301\u5e01\u65cf\u7fa4\u8fdb\u5165\u5206\u53d1\uff0c\u9cb8\u9c7c\u4ea4\u6613\u6270\u52a8\u5e02\u573a\u3002<\/p>\n

\u867d\u7136 Cowen \u4e0e Doctor Profit \u5bf9\u8c03\u6574\u5e45\u5ea6\u5224\u65ad\u4e0d\u540c\uff0c\u4f46\u5171\u8bc6\u662f\uff1a 9 \u6708\u5e76\u975e\u725b\u5e02\u8f6c\u6298\u5411\u4e0a\u7684\u65f6\u523b\uff0c\u800c\u662f\u5fc5\u987b\u9762\u5bf9\u7684\u8003\u9a8c\u3002<\/p>\n

\u4e0d\u8fc7\uff0c\u4ece\u66f4\u957f\u8fdc\u7684\u89c6\u89d2\u6765\u770b\uff0c\u8fd9\u573a\u6e05\u6d17\u4e5f\u53ef\u80fd\u662f\u591a\u5934\u5e02\u573a\u7ee7\u7eed\u7684\u5fc5\u8981\u6b65\u9aa4\uff0c\u5e02\u573a\u9700\u8981\u5728\u300c\u6700\u5927\u75db\u70b9\u533a\u300d\u51fa\u6e05\u8fc7\u70ed\u90e8\u4f4d\uff0c\u624d\u80fd\u4e3a\u4e0b\u4e00\u8f6e\u4e0a\u6da8\u817e\u51fa\u7a7a\u95f4\u3002\u82e5\u6e05\u6d17\u5145\u5206\uff0cBTC \u5728\u540e\u7eed\u5468\u671f\u4ecd\u53ef\u80fd\u51b2\u51fb\u65b0\u9ad8\uff0c\u800c ETH \u7684\u957f\u671f\u4e0a\u6da8\u903b\u8f91\u4e5f\u4e0d\u4f1a\u56e0\u6b64\u6539\u53d8\u3002<\/p>\n

\uff08\u4ee5\u4e0a\u5185\u5bb9\u83b7\u5408\u4f5c\u4f19\u4f34 PANews \u6388\u6743\u8282\u5f55\u53ca\u8f6c\u8f7d\uff0c\u539f\u6587\u8fde\u7ed3 | \u51fa\u5904\uff1a\u6bd4\u63a8 Bitpush\u00a0\uff09<\/p>\n","protected":false},"excerpt":{"rendered":"

\u300c9 \u6708\u9b54\u5492\u300d\u5728\u5386\u6b21\u725b\u5e02\u5468\u671f\u4e2d\u90fd\u66fe\u51fa\u73b0\u3002 2013 \u5e74\u30012017 \u5e74\u548c 2021 \u5e74\uff0c\u6bd4\u7279\u5e01\u5728\u590f\u5b63\u5f3a\u52b2\u53cd\u5f39\u540e\uff0c…<\/p>\n","protected":false},"author":3,"featured_media":5985,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-6034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/6034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6034"}],"version-history":[{"count":1,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/6034\/revisions"}],"predecessor-version":[{"id":8606,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/6034\/revisions\/8606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}