分享这篇文章
需要了解的:
- 比特币难度回归模型接近 92,300 美元，且比特币价格当前紧密跟踪该模型，这表明价格接近预计的生产成本。
- 该模型基于梅特卡夫定律的估值， 同样将比特币（BTC）置于接近合理价值的水平， 强化了该资产处于均衡估值区间的观点。
比特币（BTC）正紧密追踪难度回归模型，依据链上核查.
该模型估算了网络的全维持生产成本。模型将挖矿难度视为挖矿价格的提炼指标，因为它将所有主要的运营变量整合为一个单一数字。此方法提供了一个行业范围内的比特币平均生产成本估算，无需对硬件、能源费用或物流细节做出详细假设。
故事继续
该模型目前位于约92,300美元，基本与现货比特币价格相匹配。当比特币跌至约80,000美元时，该模型一度被触发向下，但随后已恢复至模型估值水平。
当价格高于该模型时，市场倾向于维持牛市态势；而价格低于模型时，市场通常转为熊市状态。
2025年4月，比特币跌至约76,000美元，并在当时的模型价值处精准反弹，成为一个重要的支撑位。在2025年大部分时间内，比特币价格高于模型约50%的溢价交易，而2024年大部分时间价格则徘徊在模型附近。
在2022年的熊市期间，比特币的交易价格曾较模型估值折价高达50%。与此同时，在早期的牛市中，该倍数出现了大幅扩张，2021年比特币价格在高点时是模型估值的两倍，而2017年则达到了五倍。
随着比特币作为资产的成熟，接近那些水平的溢价似乎已成为过去。
总体来看，该模型表明比特币当前的定价接近其生产成本，这可以被解读为一个合理价值区间。 基于梅特卡夫定律的估值 同时将比特币的合理价值定在约90,000美元附近，进一步强化了该评估。
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to 我们的标准. 有关更多信息，请参见 CoinDesk 的完整 AI 政策.
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Bitcoin Volatile Near $94K as Fed's Powell Straddles Labor Market and Inflation Issues
"Powell is threading the needle between their two mandates," said one analyst.
Yang perlu diketahui:
- Crypto prices were modestly higher, but also volatile following the Fed's rate cut earlier Wednesday.
- In his post-meeting press conference, Fed Chair Jerome Powell took note of a labor market that might be weaker than previously thought, while also sounding cautious about gains made in fighting inflation.
