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

分析师阿里·马丁内斯 (Ali Martinez) 表示，比特币 (BTC) 的一个关键指标现在呈绿色闪烁。

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.

马丁内斯在社交媒体平台 X 上告诉他的 42,900 名粉丝，比特币的市场价值与已实现价值 (MVRV) 指标显示，如果过去只是序幕，那么旗舰加密资产的价格可能会上涨。

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 是比特币市值相对于其已实现资本（所有 BTC 按购买价格计算的价值）的比率，用于评估加密资产是否被低估或高估。

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

“过去一年，每当比特币 MVRV 比率跌破 90 天平均线时，就预示着逢低买入的机会。

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，随着 BTC MVRV 比率再次低于 90 天平均水平，这表明现在可能是购买 BTC 的好时机。”

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

截至撰写本文时，比特币交易价格为 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%.

接下来是狗狗币（DOGE）。 Martinez 援引区块链分析平台 IntoTheBlock 的数据表示，过去一周，领先的 memecoin 见证了“显着的增长”，新地址增加了约 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.

这位加密货币分析师表示，狗狗币地址数量的持续增长是一个强有力的基本面迹象，预示着模因币的潜力。

“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.”

仅在 1 月 29 日，就创造了破纪录的 247,240 个新 DOGE 地址，创下历史新高。网络扩张的持续上升趋势可能很快就会对 DOGE 价格产生积极影响。”

Dogecoin is trading at $0.0791 at time of writing.

截至撰写本文时，狗狗币的交易价格为 0.0791 美元。