Analyst Ali Martinez says a key Bitcoin (BTC) indicator is now flashing green.

分析師阿里馬丁內斯 (Ali Martinez) 表示，比特幣 (BTC) 的關鍵指標現在呈現綠色閃爍。

Martinez tells his 42,900 followers on the social media platform X that Bitcoin’s Market Value to Realized Value (MVRV) indicator shows the price of the flagship crypto asset is likely to go up, if past is prologue.

馬丁內斯在社交媒體平台 X 上告訴他的 42,900 名粉絲，比特幣的市場價值與已實現價值 (MVRV) 指標顯示，如果過去只是序幕，那麼旗艦加密資產的價格可能會上漲。

MVRV is the ratio of Bitcoin’s market capitalization relative to its realized capitalization (the value of all BTC at the price they were bought at) and is used to assess whether the crypto asset is undervalued or overvalued.

MVRV 是比特幣市值相對於其已實現資本（所有 BTC 按購買價格計算的價值）的比率，用於評估加密資產是否被低估或高估。

“Every time the Bitcoin MVRV Ratio fell below its 90-day average in the past year, it signaled a buy-the-dip opportunity.

「過去一年，每當比特幣 MVRV 比率跌破 90 天平均線時，就預示著逢低買入的機會。

Currently, with the BTC MVRV Ratio again below its 90-day average, it suggests that now might be an opportune moment to buy BTC.”

目前，隨著 BTC MVRV 比率再次低於 90 天平均水平，這表明現在可能是購買 BTC 的好時機。”

Bitcoin is trading at $42,203 at time of writing.

截至撰寫本文時，比特幣交易價格為 42,203 美元。

Next up is Dogecoin (DOGE). Citing data from blockchain analytics platform IntoTheBlock, Martinez says the leading memecoin has witnessed “remarkable surge in growth” over the past week with new addresses rising by approximately 1,100%.

接下來是狗狗幣（DOGE）。 Martinez 引用區塊鏈分析平台 IntoTheBlock 的數據表示，過去一周，領先的 memecoin 見證了“顯著的增長”，新地址增加了約 1,100%。

According to the crypto analyst, the continued growth in the number of Dogecoin addresses is a strong fundamental sign that bodes well for the memecoin’s potential.

這位加密貨幣分析師表示，狗狗幣地址數量的持續成長是一個強烈的基本面跡象，預示著迷因幣的潛力。

“On January 29th alone, a record-breaking 247,240 new DOGE addresses were created, marking an all-time high. A sustained uptrend in network expansion could soon reflect positively on DOGE prices.”

光是 1 月 29 日，就創造了破紀錄的 247,240 個新 DOGE 地址，創下歷史新高。網路擴張的持續上升趨勢可能很快就會對 DOGE 價格產生積極影響。”

Dogecoin is trading at $0.0791 at time of writing.

截至撰寫本文時，狗狗幣的交易價格為 0.0791 美元。