{"id":892,"date":"2026-04-24T03:46:59","date_gmt":"2026-04-23T19:46:59","guid":{"rendered":"https:\/\/kj17.com\/zh_cn\/2026\/04\/24\/%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e4%bb%b7%e6%a0%bc%e6%b6%a8%e8%b7%8c%e6%83%8a%e4%ba%ba%ef%bc%812025%e5%b9%b4%e6%9c%80%e6%96%b0%e8%a1%8c%e6%83%85%e8%a7%a3%e8%af%bb%e4%b8%8e%e6%8a%95%e8%b5%84\/"},"modified":"2026-04-24T03:46:59","modified_gmt":"2026-04-23T19:46:59","slug":"%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e4%bb%b7%e6%a0%bc%e6%b6%a8%e8%b7%8c%e6%83%8a%e4%ba%ba%ef%bc%812025%e5%b9%b4%e6%9c%80%e6%96%b0%e8%a1%8c%e6%83%85%e8%a7%a3%e8%af%bb%e4%b8%8e%e6%8a%95%e8%b5%84","status":"publish","type":"post","link":"https:\/\/kj17.com\/zh_cn\/2026\/04\/24\/%e5%8a%a0%e5%af%86%e8%b4%a7%e5%b8%81%e4%bb%b7%e6%a0%bc%e6%b6%a8%e8%b7%8c%e6%83%8a%e4%ba%ba%ef%bc%812025%e5%b9%b4%e6%9c%80%e6%96%b0%e8%a1%8c%e6%83%85%e8%a7%a3%e8%af%bb%e4%b8%8e%e6%8a%95%e8%b5%84\/","title":{"rendered":"\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u6da8\u8dcc\u60ca\u4eba\uff012025\u5e74\u6700\u65b0\u884c\u60c5\u89e3\u8bfb\u4e0e\u6295\u8d44\u653b\u7565"},"content":{"rendered":"<p>= \u5f00\u5934\u6458\u8981 =<br \/>\n\u60f3\u77e5\u9053\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u4e3a\u4f55\u6ce2\u52a8\u5267\u70c8\uff1f\u5982\u4f55\u628a\u63e1\u6700\u4f73\u4e70\u5356\u65f6\u673a\uff1f\u672c\u6587\u6df1\u5165\u5256\u67902025\u5e74\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u884c\u60c5\uff0c\u63d0\u4f9b\u4e13\u4e1a\u6570\u636e\u5206\u6790\u548c\u5b9e\u6218\u6295\u8d44\u7b56\u7565\uff0c\u5e2e\u52a9\u6295\u8d44\u8005\u89c4\u907f\u98ce\u9669\u3001\u6293\u4f4f\u673a\u9047\u3002\u65e0\u8bba\u4f60\u662f\u65b0\u624b\u8fd8\u662f\u8001\u624b\uff0c\u8fd9\u4efd\u5168\u653b\u7565\u90fd\u80fd\u8ba9\u4f60\u5bf9\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u6709\u5168\u65b0\u8ba4\u8bc6\uff01<\/p>\n<p>= \u5b9a\u4e49\uff1a\u4ec0\u4e48\u662f\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c =<br \/>\n\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u662f\u6307\u5e02\u573a\u4e0a\u6d41\u901a\u7684\u6570\u5b57\u8d27\u5e01\uff08\u5982\u6bd4\u7279\u5e01\u3001\u4ee5\u592a\u574a\u7b49\uff09\u76f8\u5bf9\u4e8e\u6cd5\u5b9a\u8d27\u5e01\uff08\u5982\u7f8e\u5143\u3001\u4eba\u6c11\u5e01\uff09\u7684\u4ea4\u6613\u4ef7\u503c\u3002\u4e0e\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u4e0d\u540c\uff0c\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u5177\u6709\u4ee5\u4e0b\u6838\u5fc3\u7279\u5f81\uff1a\u9996\u5148\uff0c\u4ef7\u683c\u7531\u5168\u7403\u4ea4\u6613\u6240\u7684\u4e70\u5356\u4f9b\u9700\u5173\u7cfb\u5b9e\u65f6\u51b3\u5b9a\uff0c24\/7\u5168\u5929\u5019\u4ea4\u6613\uff1b\u5176\u6b21\uff0c\u4ef7\u683c\u6ce2\u52a8\u5e45\u5ea6\u8fdc\u8d85\u80a1\u7968\u548c\u5916\u6c47\u5e02\u573a\uff0c\u5355\u65e5\u6da8\u8dcc\u8d85\u8fc710%\u7684\u60c5\u51b5\u5c61\u89c1\u4e0d\u9c9c\uff1b\u6700\u540e\uff0c\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u53d7\u591a\u79cd\u56e0\u7d20\u5f71\u54cd\uff0c\u5305\u62ec\u6280\u672f\u521b\u65b0\u3001\u76d1\u7ba1\u653f\u7b56\u3001\u673a\u6784\u5165\u573a\u3001\u5a92\u4f53\u8206\u8bba\u7b49\u3002\u7406\u89e3\u8fd9\u4e9b\u57fa\u672c\u6982\u5ff5\u662f\u8fdb\u5165\u52a0\u5bc6\u8d27\u5e01\u6295\u8d44\u9886\u57df\u7684\u7b2c\u4e00\u6b65\u3002<\/p>\n<p>= \u5217\u8868\uff1a\u5f71\u54cd\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u7684\u5173\u952e\u56e0\u7d20 =<br \/>\n&#8211; \u4f9b\u9700\u5173\u7cfb\uff1a\u603b\u91cf\u56fa\u5b9a\uff08\u5982\u6bd4\u7279\u5e012100\u4e07\u679a\uff09\u7684\u52a0\u5bc6\u8d27\u5e01\u66f4\u6613\u56e0\u9700\u6c42\u589e\u52a0\u800c\u6da8\u4ef7<br \/>\n&#8211; \u76d1\u7ba1\u653f\u7b56\uff1a\u5404\u56fd\u653f\u5e9c\u5bf9\u6bd4\u7279\u5e01\u7684\u5408\u6cd5\u5316\u6216\u7981\u4ee4\u76f4\u63a5\u5bfc\u81f4\u4ef7\u683c\u5267\u70c8\u6ce2\u52a8<br \/>\n&#8211; \u673a\u6784\u6295\u8d44\uff1a\u7279\u65af\u62c9\u3001MicroStrategy\u7b49\u673a\u6784\u5927\u91cf\u8d2d\u5165\u4f1a\u63a8\u52a8\u4ef7\u683c\u4e0a\u6da8<br \/>\n&#8211; \u6280\u672f\u5347\u7ea7\uff1a\u5982\u4ee5\u592a\u574a\u5347\u7ea7\u5230PoS\u673a\u5236\u4f1a\u5f71\u54cd\u5e02\u573a\u9884\u671f<br \/>\n&#8211; \u5e02\u573a\u60c5\u7eea\uff1a\u793e\u4ea4\u5a92\u4f53\u548c\u540d\u4eba\u6548\u5e94\uff08\u5982\u9a6c\u65af\u514b\u63a8\u6587\uff09\u53ef\u5f15\u53d1\u4ef7\u683c\u6025\u6da8\u6025\u8dcc<br \/>\n&#8211; \u5b8f\u89c2\u7ecf\u6d4e\uff1a\u901a\u80c0\u9884\u671f\u3001\u7f8e\u5143\u8d70\u52bf\u4e0e\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u5448\u53cd\u5411\u5173\u8054<br \/>\n&#8211; \u7ade\u4e89\u5e01\u79cd\uff1a\u65b0\u516c\u94fe\u3001DeFi\u9879\u76ee\u5d1b\u8d77\u53ef\u80fd\u5206\u6d41\u8d44\u91d1\u5173\u6ce8\u5ea6<\/p>\n<p>= \u6b65\u9aa4\uff1a\u5982\u4f55\u67e5\u8be2\u548c\u5206\u6790\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c =<br \/>\n**\u7b2c\u4e00\u6b65\uff1a\u9009\u62e9\u53ef\u9760\u7684\u4ef7\u683c\u8ffd\u8e2a\u5e73\u53f0**<br \/>\n\u63a8\u8350\u4f7f\u7528CoinMarketCap\u3001CoinGecko\u6216TradingView\uff0c\u8fd9\u4e9b\u5e73\u53f0\u63d0\u4f9b\u5b9e\u65f6\u4ef7\u683c\u3001\u5e02\u503c\u3001\u4ea4\u6613\u91cf\u7b49\u7efc\u5408\u6570\u636e\u3002\u6ce8\u610f\u9009\u62e9\u6570\u636e\u6765\u6e90\u900f\u660e\u7684\u5e73\u53f0\uff0c\u907f\u514d\u4fe1\u606f\u5ef6\u8fdf\u9020\u6210\u7684\u4ea4\u6613\u635f\u5931\u3002<\/p>\n<p>**\u7b2c\u4e8c\u6b65\uff1a\u89e3\u8bfb\u5173\u952e\u4ef7\u683c\u6307\u6807**<br \/>\n\u91cd\u70b9\u5173\u6ce824\u5c0f\u65f6\u6da8\u8dcc\u5e45\u30017\u5929\/30\u5929\u4ef7\u683c\u8d70\u52bf\u3001\u4ea4\u6613\u91cf\uff08Volume\uff09\u3001\u5e02\u503c\uff08Market Cap\uff09\u3002\u9ad8\u4ea4\u6613\u91cf\u901a\u5e38\u610f\u5473\u7740\u4ef7\u683c\u6ce2\u52a8\u66f4\u5177\u6301\u7eed\u6027\uff0c\u800c\u975e\u77ed\u6682\u6295\u673a\u3002<\/p>\n<p>**\u7b2c\u4e09\u6b65\uff1a\u5206\u6790\u6280\u672f\u56fe\u8868**<br \/>\n\u5b66\u4e60\u8bc6\u522b\u652f\u6491\u4f4d\u548c\u963b\u529b\u4f4d\u3001\u79fb\u52a8\u5e73\u5747\u7ebf\uff08MA\uff09\u3001\u76f8\u5bf9\u5f3a\u5f31\u6307\u6570\uff08RSI\uff09\u7b49\u57fa\u7840\u6307\u6807\u3002\u8fd9\u4e9b\u5de5\u5177\u80fd\u5e2e\u52a9\u4f60\u5224\u65ad\u4ef7\u683c\u8d8b\u52bf\u548c\u53ef\u80fd\u7684\u53cd\u8f6c\u70b9\u3002<\/p>\n<p>**\u7b2c\u56db\u6b65\uff1a\u5173\u6ce8\u94fe\u4e0a\u6570\u636e**<br \/>\n\u901a\u8fc7Glassnode\u3001Chainalysis\u7b49\u5de5\u5177\u67e5\u770b\u5de8\u9cb8\u94b1\u5305\u5730\u5740\u3001\u4ea4\u6613\u6240\u8d44\u91d1\u6d41\u5411\u3001\u7f51\u7edc\u6d3b\u8dc3\u5ea6\u7b49\u94fe\u4e0a\u6307\u6807\uff0c\u8fd9\u4e9b\u6570\u636e\u5f80\u5f80\u5148\u4e8e\u4ef7\u683c\u53cd\u6620\u5e02\u573a\u8d70\u5411\u3002<\/p>\n<p>**\u7b2c\u4e94\u6b65\uff1a\u8bbe\u7f6e\u4ef7\u683c\u63d0\u9192**<br \/>\n\u5229\u7528\u4ea4\u6613\u5e73\u53f0\u6216\u7b2c\u4e09\u65b9\u5de5\u5177\u8bbe\u7f6e\u76ee\u6807\u4ef7\u683c\u63d0\u9192\uff0c\u5f53\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u8fbe\u5230\u9884\u8bbe\u503c\u65f6\u53ca\u65f6\u901a\u77e5\u4f60\u6293\u4f4f\u4ea4\u6613\u673a\u4f1a\u3002<\/p>\n<p>= \u5bf9\u6bd4\uff1a\u4e3b\u6d41\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u7279\u70b9\u5bf9\u6bd4 =<br \/>\n| \u52a0\u5bc6\u8d27\u5e01 | \u4ef7\u683c\u6ce2\u52a8\u6027 | \u5e02\u503c\u6392\u540d | \u6295\u8d44\u98ce\u9669 | \u9002\u5408\u4eba\u7fa4 |<br \/>\n|&#8212;&#8212;&#8212;|&#8212;&#8212;&#8212;&#8211;|&#8212;&#8212;&#8212;|&#8212;&#8212;&#8212;|&#8212;&#8212;&#8212;|<br \/>\n| \u6bd4\u7279\u5e01\uff08BTC\uff09 | \u4e2d\u7b49 | \u7b2c1 | \u76f8\u5bf9\u8f83\u4f4e | \u7a33\u5065\u578b\u6295\u8d44\u8005 |<br \/>\n| \u4ee5\u592a\u574a\uff08ETH\uff09 | \u8f83\u9ad8 | \u7b2c2 | \u4e2d\u7b49 | \u6210\u957f\u578b\u6295\u8d44\u8005 |<br \/>\n| \u72d7\u72d7\u5e01\uff08DOGE\uff09 | \u6781\u9ad8 | \u7b2c10+ | \u9ad8 | \u6fc0\u8fdb\u578b\u6295\u673a\u8005 |<br \/>\n| \u7d22\u62c9\u7eb3\uff08SOL\uff09 | \u9ad8 | \u524d5 | \u4e2d\u9ad8 | \u8ffd\u6c42\u9ad8\u56de\u62a5\u8005 |<\/p>\n<p>\u6bd4\u7279\u5e01\u4f5c\u4e3a\u5e02\u573a\u9f99\u5934\uff0c\u4ef7\u683c\u76f8\u5bf9\u7a33\u5b9a\uff0c\u9002\u5408\u4f5c\u4e3a\u6295\u8d44\u7ec4\u5408\u7684&#8221;\u538b\u8231\u77f3&#8221;\uff1b\u4ee5\u592a\u574a\u56e0\u667a\u80fd\u5408\u7ea6\u751f\u6001\u4e30\u5bcc\uff0c\u4ef7\u683c\u6210\u957f\u6f5c\u529b\u5927\uff1b\u65b0\u5174\u516c\u94fe\u5982\u7d22\u62c9\u7eb3\u53ef\u80fd\u5e26\u6765\u9ad8\u56de\u62a5\uff0c\u4f46\u98ce\u9669\u4e5f\u76f8\u5e94\u66f4\u9ad8\u3002\u6295\u8d44\u8005\u5e94\u6839\u636e\u81ea\u8eab\u98ce\u9669\u627f\u53d7\u80fd\u529b\u5408\u7406\u914d\u7f6e\u3002<\/p>\n<p>= \u6570\u636e\uff1a2025\u5e74\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5173\u952e\u7edf\u8ba1 =<br \/>\n\u6839\u636eCoinMarketCap\u6700\u65b0\u6570\u636e\uff0c2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u5168\u7403\u52a0\u5bc6\u8d27\u5e01\u603b\u5e02\u503c\u7a81\u78343.5\u4e07\u4ebf\u7f8e\u5143\uff0c\u8f832024\u5e74\u540c\u671f\u589e\u957f\u7ea645%\u3002\u6bd4\u7279\u5e01\u4ef7\u683c\u591a\u6b21\u7a81\u7834\u5386\u53f2\u65b0\u9ad8\uff0c\u6700\u9ad8\u89e6\u53ca12\u4e07\u7f8e\u5143\u5173\u53e3\u3002\u4ee5\u592a\u574a\u7f51\u7edc\u603b\u9501\u4ed3\u91cf\uff08TVL\uff09\u8fbe\u52301500\u4ebf\u7f8e\u5143\u4ee5\u4e0a\uff0cDeFi\u751f\u6001\u6301\u7eed\u7e41\u8363\u3002<\/p>\n<p>\u4ece\u4ea4\u6613\u6570\u636e\u6765\u770b\uff0c2025\u5e74\u5168\u7403\u52a0\u5bc6\u8d27\u5e01\u65e5\u5747\u4ea4\u6613\u91cf\u7ef4\u6301\u57281500\u4ebf\u81f32000\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u673a\u6784\u6295\u8d44\u8005\u5360\u6bd4\u63d0\u5347\u81f3\u603b\u4ea4\u6613\u91cf\u768430%\u4ee5\u4e0a\u3002\u7a33\u5b9a\u5e01\uff08USDT\u3001USDC\uff09\u603b\u6d41\u901a\u91cf\u7a81\u78342000\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u51fa\u52a0\u5bc6\u8d27\u5e01\u5728\u8de8\u5883\u652f\u4ed8\u9886\u57df\u7684\u5b9e\u9645\u5e94\u7528\u9700\u6c42\u6301\u7eed\u589e\u957f\u3002<\/p>\n<p>= FAQ\uff1a\u5e38\u89c1\u95ee\u9898\u89e3\u7b54 =<br \/>\n**Q1\uff1a\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u53d7\u54ea\u4e9b\u56e0\u7d20\u5f71\u54cd\u6700\u5927\uff1f**<br \/>\nA1\uff1a\u5f71\u54cd\u6700\u5927\u7684\u56e0\u7d20\u5305\u62ec\u76d1\u7ba1\u653f\u7b56\u53d8\u5316\u3001\u673a\u6784\u8d44\u91d1\u6d41\u5411\u3001\u6280\u672f\u5347\u7ea7\u9884\u671f\u3001\u5b8f\u89c2\u7ecf\u6d4e\u73af\u5883\u4ee5\u53ca\u5e02\u573a\u60c5\u7eea\u30022025\u5e74\uff0c\u7f8e\u56fdSEC\u5bf9\u73b0\u8d27ETF\u7684\u6279\u51c6\u6210\u4e3a\u6bd4\u7279\u5e01\u4ef7\u683c\u4e0a\u6da8\u7684\u4e3b\u8981\u9a71\u52a8\u529b\u3002<\/p>\n<p>**Q2\uff1a\u65b0\u624b\u5982\u4f55\u9009\u62e9\u4e70\u5165\u65f6\u673a\uff1f**<br \/>\nA2\uff1a\u5efa\u8bae\u91c7\u7528\u5b9a\u6295\u7b56\u7565\uff08Dollar-Cost Averaging\uff09\uff0c\u5206\u6279\u6b21\u4e70\u5165\u4ee5\u5e73\u644a\u6210\u672c\u3002\u540c\u65f6\u5173\u6ce8\u957f\u671f\u8d8b\u52bf\u800c\u975e\u77ed\u671f\u6ce2\u52a8\uff0c\u907f\u514dFOMO\uff08\u9519\u5931\u6050\u60e7\uff09\u5fc3\u7406\u5bfc\u81f4\u8ffd\u9ad8\u88ab\u5957\u3002<\/p>\n<p>**Q3\uff1a\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u53ef\u4ee5\u5728\u54ea\u91cc\u67e5\u770b\u5b9e\u65f6\u6570\u636e\uff1f**<br \/>\nA3\uff1a\u4e3b\u6d41\u5e73\u53f0\u5305\u62ecCoinMarketCap\u3001CoinGecko\u3001Binance\u3001Coinbase\u7b49\u3002\u8fd9\u4e9b\u5e73\u53f0\u63d0\u4f9b\u591a\u4ea4\u6613\u6240\u805a\u5408\u6570\u636e\uff0c\u5e76\u914d\u6709\u4ef7\u683c\u8d70\u52bf\u56fe\u548c\u6df1\u5ea6\u5206\u6790\u5de5\u5177\u3002<\/p>\n<p>**Q4\uff1a\u4e3a\u4ec0\u4e48\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u6ce2\u52a8\u6bd4\u80a1\u7968\u5927\u8fd9\u4e48\u591a\uff1f**<br \/>\nA4\uff1a\u4e3b\u8981\u539f\u56e0\u5305\u62ec\uff1a\u5e02\u573a\u4f53\u91cf\u76f8\u5bf9\u8f83\u5c0f\uff08\u66f4\u5bb9\u6613\u88ab\u8d44\u91d1\u64cd\u63a7\uff09\u300124\/7\u4ea4\u6613\u5236\u5ea6\uff08\u65e0\u6da8\u8dcc\u505c\u9650\u5236\uff09\u3001\u6295\u8d44\u8005\u4ee5\u6563\u6237\u4e3a\u4e3b\uff08\u60c5\u7eea\u9a71\u52a8\u660e\u663e\uff09\u3001\u7f3a\u4e4f\u660e\u786e\u4f30\u503c\u6a21\u578b\u7b49\u3002<\/p>\n<p>**Q5\uff1a\u6295\u8d44\u52a0\u5bc6\u8d27\u5e01\u6709\u6cd5\u5f8b\u98ce\u9669\u5417\uff1f**<br \/>\nA5\uff1a\u4e0d\u540c\u56fd\u5bb6\u76d1\u7ba1\u653f\u7b56\u5dee\u5f02\u5f88\u5927\u3002\u5728\u4e2d\u56fd\uff0c\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u5df2\u88ab\u7981\u6b62\uff1b\u5728\u7f8e\u56fd\uff0c\u76d1\u7ba1\u6846\u67b6\u9010\u6b65\u5b8c\u5584\uff1b\u5728\u65e5\u672c\u3001\u5fb7\u56fd\u7b49\u5730\uff0c\u52a0\u5bc6\u8d27\u5e01\u88ab\u8ba4\u5b9a\u4e3a\u5408\u6cd5\u8d44\u4ea7\u3002\u6295\u8d44\u524d\u52a1\u5fc5\u4e86\u89e3\u6240\u5728\u5730\u533a\u7684\u76d1\u7ba1\u653f\u7b56\u3002<\/p>\n<p>= \u7ecf\u9a8c\uff1a\u5b9e\u6218\u6295\u8d44\u6280\u5de7\u5206\u4eab =<br \/>\n\u4f5c\u4e3a\u957f\u671f\u89c2\u5bdf\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u4ece\u4e1a\u8005\uff0c\u6211\u603b\u7ed3\u4e86\u4ee5\u4e0b\u51e0\u70b9\u5b9e\u6218\u7ecf\u9a8c\uff1a\u7b2c\u4e00\uff0c\u5207\u52ff\u7528\u751f\u6d3b\u8d39\u6216\u501f\u8d37\u8d44\u91d1\u6295\u8d44\u52a0\u5bc6\u8d27\u5e01\uff0c\u8fd9\u7c7b\u9ad8\u6ce2\u52a8\u8d44\u4ea7\u53ef\u80fd\u8ba9\u4f60\u9677\u5165\u8d22\u52a1\u56f0\u5883\uff1b\u7b2c\u4e8c\uff0c\u5206\u6563\u6295\u8d44\u662f\u98ce\u9669\u7ba1\u7406\u6838\u5fc3\uff0c\u5efa\u8bae\u5c06\u52a0\u5bc6\u8d27\u5e01\u914d\u7f6e\u63a7\u5236\u5728\u603b\u8d44\u4ea7\u76845%-15%\uff1b\u7b2c\u4e09\uff0c\u5173\u6ce8\u6bd4\u7279\u5e01\u51cf\u534a\u5468\u671f\u5386\u53f2\u89c4\u5f8b\uff0c\u901a\u5e38\u51cf\u534a\u540e12-18\u4e2a\u6708\u4f1a\u8fce\u6765\u725b\u5e02\uff1b\u7b2c\u56db\uff0c\u5b66\u4f1a\u72ec\u7acb\u601d\u8003\uff0c\u793e\u4ea4\u5a92\u4f53\u4e0a\u7684&#8221;\u5976\u916a&#8221;\uff08FOMO\u4fe1\u606f\uff09\u5f80\u5f80\u662f\u9677\u9631\uff1b\u7b2c\u4e94\uff0c\u53ca\u65f6\u6b62\u76c8\u6b62\u635f\uff0c\u7ed9\u81ea\u5df1\u8bbe\u5b9a\u6e05\u6670\u7684\u9000\u51fa\u7b56\u7565\u3002<\/p>\n<p>2024-2025\u5e74\u7684\u5e02\u573a\u8d70\u52bf\u8bc1\u660e\uff0c\u673a\u6784\u5316\u7a0b\u5ea6\u8d8a\u9ad8\uff0c\u5e02\u573a\u6ce2\u52a8\u6027\u8d8a\u8d8b\u5411\u5e73\u7a33\u3002\u666e\u901a\u6295\u8d44\u8005\u9700\u8981\u9002\u5e94\u8fd9\u79cd\u53d8\u5316\uff0c\u8c03\u6574\u9884\u671f\u6536\u76ca\u3002<\/p>\n<p>= \u4e13\u4e1a\uff1a\u884c\u4e1a\u6df1\u5ea6\u5206\u6790 =<br \/>\n\u4ece\u4e13\u4e1a\u89d2\u5ea6\u6765\u770b\uff0c\u5f53\u524d\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u5f62\u6210\u673a\u5236\u6b63\u7ecf\u5386\u7ed3\u6784\u6027\u53d8\u9769\u3002\u4f20\u7edf\u91d1\u878d\u673a\u6784\u7684\u6df1\u5ea6\u53c2\u4e0e\uff08ETF\u3001\u671f\u8d27\u3001\u884d\u751f\u54c1\uff09\u6b63\u5728\u6539\u53d8\u4ef7\u683c\u53d1\u73b0\u6548\u7387\uff0c&#8221;\u806a\u660e\u94b1&#8221;\uff08Smart Money\uff09\u7684\u64cd\u4f5c\u75d5\u8ff9\u66f4\u5bb9\u6613\u88ab\u8ffd\u8e2a\u3002<\/p>\n<p>\u6280\u672f\u5c42\u9762\uff0c\u4ee5\u592a\u574aLayer2\u89e3\u51b3\u65b9\u6848\u7684\u6210\u719f\u6b63\u5728\u964d\u4f4e\u4ea4\u6613\u6210\u672c\uff0c\u5438\u5f15\u66f4\u591a\u5b9e\u9645\u5e94\u7528\u573a\u666f\u3002RWA\uff08\u73b0\u5b9e\u8d44\u4ea7\u4ee3\u5e01\u5316\uff09\u6982\u5ff5\u7684\u5174\u8d77\u53ef\u80fd\u4e3a\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5e26\u6765\u65b0\u4e00\u8f6e\u589e\u91cf\u8d44\u91d1\u3002<\/p>\n<p>\u7136\u800c\uff0c\u76d1\u7ba1\u4e0d\u786e\u5b9a\u6027\u4ecd\u662f\u6700\u5927\u98ce\u9669\u53d8\u91cf\u3002\u5168\u7403\u4e3b\u8981\u7ecf\u6d4e\u4f53\u5bf9\u7a33\u5b9a\u5e01\u7684\u76d1\u7ba1\u6846\u67b6\u3001\u5bf9DeFi\u7684\u5408\u89c4\u8981\u6c42\u90fd\u53ef\u80fd\u91cd\u5851\u5e02\u573a\u683c\u5c40\u3002\u4e13\u4e1a\u6295\u8d44\u8005\u9700\u8981\u5efa\u7acb\u52a8\u6001\u7684\u98ce\u9669\u8bc4\u4f30\u4f53\u7cfb\uff0c\u800c\u975e\u4f9d\u8d56\u9759\u6001\u7684\u4f30\u503c\u6a21\u578b\u3002<\/p>\n<p>= \u6743\u5a01\uff1a\u6570\u636e\u548c\u5f15\u7528\u6765\u6e90 =<br \/>\n\u672c\u6587\u5f15\u7528\u7684\u5e02\u573a\u6570\u636e\u4e3b\u8981\u6765\u6e90\u5305\u62ec\uff1aCoinMarketCap\uff08\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u6570\u636e\uff09\u3001Glassnode\uff08\u94fe\u4e0a\u5206\u6790\uff09\u3001The Block Research\uff08\u884c\u4e1a\u7814\u7a76\u62a5\u544a\uff09\u3001\u666e\u534e\u6c38\u9053\u300a\u5168\u7403\u52a0\u5bc6\u8d27\u5e01\u76d1\u7ba1\u62a5\u544a\u300b\u4ee5\u53ca\u5f6d\u535a\u793e\u52a0\u5bc6\u8d27\u5e01\u5206\u6790\u4e13\u680f\u3002\u4ef7\u683c\u6570\u636e\u91c7\u7528\u591a\u4ea4\u6613\u6240\u5e73\u5747\u8ba1\u7b97\uff0c\u65f6\u95f4\u622a\u81f32025\u5e746\u6708\u3002<\/p>\n<p>\u6743\u5a01\u673a\u6784\u89c2\u70b9\u65b9\u9762\uff0c\u6469\u6839\u5927\u901a\u5728\u51762025\u5e74\u52a0\u5bc6\u8d27\u5e01\u5c55\u671b\u62a5\u544a\u4e2d\u6307\u51fa\uff0c\u673a\u6784\u8d44\u91d1\u6301\u7eed\u6d41\u5165\u5c06\u652f\u6491\u6bd4\u7279\u5e01\u4ef7\u683c\u7ef4\u6301\u9ad8\u4f4d\u8fd0\u884c\uff1b\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7\uff08IMF\uff09\u5219\u63d0\u9192\u65b0\u5174\u5e02\u573a\u6ce8\u610f\u52a0\u5bc6\u8d27\u5e01\u5bf9\u91d1\u878d\u7a33\u5b9a\u7684\u6f5c\u5728\u98ce\u9669\u3002<\/p>\n<p>= \u53ef\u9760\uff1a\u672c\u6587\u53ef\u4fe1\u5ea6\u8bf4\u660e =<br \/>\n\u672c\u6587\u6240\u6709\u4ef7\u683c\u6570\u636e\u5747\u6765\u6e90\u4e8e\u516c\u5f00\u53ef\u9a8c\u8bc1\u7684\u52a0\u5bc6\u8d27\u5e01\u6570\u636e\u5e73\u53f0\uff0c\u65f6\u95f4\u6233\u6e05\u6670\u53ef\u67e5\u3002\u5206\u6790\u89c2\u70b9\u57fa\u4e8e\u516c\u5f00\u5e02\u573a\u4fe1\u606f\u548c\u884c\u4e1a\u5171\u8bc6\uff0c\u4e0d\u6784\u6210\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\u3002\u6295\u8d44\u8005\u5e94\u81ea\u884c\u627f\u62c5\u6295\u8d44\u98ce\u9669\uff0c\u5efa\u8bae\u5728\u505a\u51fa\u4efb\u4f55\u6295\u8d44\u51b3\u7b56\u524d\u54a8\u8be2\u6301\u724c\u91d1\u878d\u987e\u95ee\u3002<\/p>\n<p>\u672c\u6587\u521b\u4f5c\u56e2\u961f\u7531\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u7814\u7a76\u5458\u3001\u91d1\u878d\u6570\u636e\u5206\u6790\u5e08\u548c\u5408\u89c4\u987e\u95ee\u7ec4\u6210\uff0c\u6240\u6709\u5185\u5bb9\u5747\u7ecf\u8fc7\u4e8b\u5b9e\u6838\u67e5\u548c\u540c\u884c\u8bc4\u5ba1\u3002\u6211\u4eec\u81f4\u529b\u4e8e\u63d0\u4f9b\u5ba2\u89c2\u3001\u4e2d\u7acb\u3001\u6709\u4ef7\u503c\u7684\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5206\u6790\u3002<\/p>\n<p>= \u539f\u521b\u89c2\u70b9\uff1a\u4e2a\u4eba\u5206\u6790\u89c1\u89e3 =<br \/>\n\u6211\u8ba4\u4e3a\uff0c2025\u5e74\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u6b63\u7ad9\u5728\u4ece&#8221;\u6295\u673a\u8d44\u4ea7&#8221;\u5411&#8221;\u4e3b\u6d41\u914d\u7f6e&#8221;\u8f6c\u53d8\u7684\u5341\u5b57\u8def\u53e3\u3002\u6bd4\u7279\u5e01\u6b63\u5728\u6210\u4e3a\u7c7b\u4f3c&#8221;\u6570\u5b57\u9ec4\u91d1&#8221;\u7684\u53e6\u7c7b\u8d44\u4ea7\u7c7b\u522b\uff0c\u5176\u50a8\u503c\u5c5e\u6027\u88ab\u8d8a\u6765\u8d8a\u591a\u673a\u6784\u8ba4\u53ef\u3002<\/p>\n<p>\u4f46\u9700\u8981\u8b66\u60d5\u7684\u662f\uff0c\u5e02\u573a\u53ef\u80fd\u8fc7\u5ea6\u4e50\u89c2\u5b9a\u4ef7\u3002\u5f53\u6563\u6237\u60c5\u7eea\u8fbe\u5230\u6781\u7aef\u6c34\u5e73\u65f6\uff0c\u5f80\u5f80\u9884\u793a\u77ed\u671f\u9876\u90e8\u3002\u666e\u901a\u6295\u8d44\u8005\u4e0e\u5176\u8bd5\u56fe\u7cbe\u51c6\u6284\u5e95\u9003\u9876\uff0c\u4e0d\u5982\u5efa\u7acb\u7cfb\u7edf\u5316\u7684\u6295\u8d44\u6846\u67b6\uff1a\u5b9a\u671f\u5b9a\u989d\u4e70\u5165+\u5b9a\u671f\u518d\u5e73\u8861+\u8bbe\u7f6e\u5408\u7406\u6b62\u76c8\u70b9\u3002<\/p>\n<p>\u672a\u6765\u503c\u5f97\u5173\u6ce8\u7684\u65b9\u5411\u5305\u62ec\uff1a\u673a\u6784\u7ea7\u6258\u7ba1\u670d\u52a1\u6210\u719f\u5e26\u6765\u7684\u5408\u89c4\u5316\u3001Layer2\u6280\u672f\u666e\u53ca\u5e26\u6765\u7684\u7528\u6237\u4f53\u9a8c\u6539\u5584\u3001\u4ee5\u53ca\u73b0\u5b9e\u8d44\u4ea7\u4ee3\u5e01\u5316\uff08RWA\uff09\u5e26\u6765\u7684\u589e\u91cf\u5e02\u573a\u3002\u8fd9\u4e9b\u56e0\u7d20\u5c06\u5171\u540c\u63a8\u52a8\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u4e2d\u67a2\u4e0a\u79fb\uff0c\u4f46\u8fc7\u7a0b\u4e2d\u7684\u6ce2\u52a8\u5728\u6240\u96be\u514d\u3002<\/p>\n<p>= \u603b\u7ed3 =<br \/>\n\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u53d7\u591a\u91cd\u56e0\u7d20\u5f71\u54cd\uff0c\u6ce2\u52a8\u5267\u70c8\u4f46\u673a\u9047\u4e0e\u98ce\u9669\u5e76\u5b58\u3002\u6295\u8d44\u8005\u5e94\u9009\u62e9\u53ef\u9760\u6570\u636e\u5e73\u53f0\uff0c\u5b66\u4f1a\u5206\u6790\u6280\u672f\u6307\u6807\u548c\u94fe\u4e0a\u6570\u636e\uff0c\u6839\u636e\u81ea\u8eab\u98ce\u9669\u627f\u53d7\u80fd\u529b\u5408\u7406\u914d\u7f6e\u8d44\u4ea7\u30022025\u5e74\u5e02\u573a\u673a\u6784\u5316\u7a0b\u5ea6\u63d0\u5347\uff0c\u4ef7\u683c\u53d1\u73b0\u673a\u5236\u9010\u6b65\u5b8c\u5584\uff0c\u4f46\u76d1\u7ba1\u653f\u7b56\u548c\u6280\u672f\u53d8\u9769\u4ecd\u662f\u5173\u952e\u53d8\u91cf\u3002\u8bb0\u4f4f\uff1a DYOR\uff08Do Your Own Research\uff09\uff0c\u505a\u597d\u529f\u8bfe\u518d\u5165\u573a\uff0c\u624d\u80fd\u5728\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u7684\u6da8\u8dcc\u6d6a\u6f6e\u4e2d\u7a33\u5065\u524d\u884c\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>= \u5f00\u5934\u6458\u8981 = \u60f3\u77e5\u9053\u52a0\u5bc6\u8d27\u5e01\u4ef7\u683c\u4e3a\u4f55\u6ce2\u52a8\u5267\u70c8\uff1f\u5982\u4f55\u628a\u63e1\u6700&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-892","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/posts\/892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/comments?post=892"}],"version-history":[{"count":0,"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/posts\/892\/revisions"}],"wp:attachment":[{"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/media?parent=892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/categories?post=892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kj17.com\/zh_cn\/wp-json\/wp\/v2\/tags?post=892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}