极度恐慌下的技术性反弹 - 每日市场报告｜2026年2月14日

[{"type":"paragraph","children":[{"text":"2 月 14 日，加密市场在连续下行后迎来明显反弹，总市值回升至 "},{"text":"2,600 亿美元","bold":true},{"text":"。尽管贪婪指数仍处于 "},{"text":"9","bold":true},{"text":" 的极度恐慌区间，但价格层面的修复表明短期抛压有所缓解，市场进入阶段性情绪修复阶段。"}]},{"type":"paragraph","children":[{"text":"比特币上涨 "},{"text":"3.82%","bold":true},{"text":" 至 "},{"text":"69,017.62 美元","bold":true},{"text":"，盘中最高触及 "},{"text":"69,473.7 美元","bold":true},{"text":"，最低下探至 "},{"text":"65,964.2 美元","bold":true},{"text":"。多空结构显示 BTC 多头占比 "},{"text":"49.94%","bold":true},{"text":"，空头 "},{"text":"50.06%","bold":true},{"text":"，综合多空比降至 "},{"text":"1.60","bold":true},{"text":"，杠杆结构明显收缩。价格自低位快速回抽，显示在连续暴跌后空头获利了结与短期抄底资金共同推动反弹，但尚未形成趋势反转信号。"}]},{"type":"paragraph","children":[{"text":"以太坊表现更为强劲，上涨 "},{"text":"5.49%","bold":true},{"text":" 至 "},{"text":"2,052.08 美元","bold":true},{"text":"，日内最低触及 "},{"text":"1,923.29 美元","bold":true},{"text":"。ETH 在极端情绪阶段的反弹弹性更高，反映资金在风险释放后重新博弈高 Beta 资产，但整体结构仍处于修复阶段。"}]},{"type":"paragraph","children":[{"text":"涨幅榜方面，H、COAI 与 OM 录得显著涨幅，主要体现为超跌反弹与情绪性资金流入，并未改变市场整体偏弱格局。"}]},{"type":"paragraph","children":[{"text":"叙事层面，Grayscale 对“贬值交易时代 BTC 为何未同步上涨”进行深度分析，指出在宏观流动性尚未真正转向前，比特币仍受风险资产定价逻辑影响。Solana 被重新定义为潜在核心金融基础设施的讨论，凸显高性能公链在行业重构中的战略定位。市场亦关注“抄底前需区分两类回撤”的风险提示，在极端情绪阶段，技术性反弹与结构性底部之间仍需区分。"}]},{"type":"paragraph","children":[{"text":"整体来看，2 月 14 日的上涨更偏向于超跌后的技术性修复，而非趋势反转。情绪虽短暂回暖，但贪婪指数仍处极低水平，说明市场信心尚未恢复。在流动性与政策路径更加明确之前，波动与震荡仍将是主旋律。"}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"加密货币","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"技术分析","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"区块链","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"JU","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "}]}]