5 月 2 日,CryptoQuant 分析师 Axel 在社交媒体上发文表示,BTC 年化真实 MVRV(市值/实现价值比率)重返正值区间,意味着过去一年购入的所有代币平均成本价已低于当前市价。恐慌性抛售压力正在减弱——多数持仓者现已实现盈利,无需认亏离场。持币者信心正持续增强。这一「临界点转换」恰逢市场复苏阶段,标志着更可持续的价格增长周期开启。此趋势将持续,直至投机溢价积累至足够高位,促使持币者选择获利了结。
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