{"id":1177,"date":"2024-05-07T18:00:14","date_gmt":"2024-05-07T18:00:14","guid":{"rendered":"https:\/\/bitcoinnewscrypto.com\/ko\/?p=1177"},"modified":"2024-05-07T18:00:16","modified_gmt":"2024-05-07T18:00:16","slug":"bitcoin-on-chain-analysis-for-beginners","status":"publish","type":"post","link":"https:\/\/bitcoinnewscrypto.com\/ko\/news\/bitcoin\/bitcoin-on-chain-analysis-for-beginners\/","title":{"rendered":"\ube44\ud2b8\ucf54\uc778\uc758 \uace0\uc810\uacfc \uc800\uc810 \ud30c\uc545: \uccb4\uc778\uc0c1 \uc9c0\ud45c\uc5d0 \ub300\ud55c \ucd08\ubcf4\uc790 \uac00\uc774\ub4dc"},"content":{"rendered":"

\ube44\ud2b8\ucf54\uc778\uc758 \ucd5c\uace0\uce58\uc640 \ucd5c\uc800\uce58 \uc2dd\ubcc4\ud558\uae30: \uc628\uccb4\uc778 \uc9c0\ud45c \uc785\ubb38\uc790 \uac00\uc774\ub4dc<\/h2>\n\n

\uc0c1\uc0c1\ud574 \ubcf4\uc138\uc694. 2017\ub144\uc5d0\ub294 \ubaa8\ub450\uac00 \ube44\ud2b8\ucf54\uc778\uc5d0 \uc5f4\uad11\uc801\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uac00\uaca9\uc774 16,000\ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\uae30 \ub54c\ubb38\uc774\uc8e0. \uc774\uc81c 2022\ub144\uc73c\ub85c \ub118\uc5b4\uc640\uc11c \ubcf4\ub2c8 \ube44\ud2b8\ucf54\uc778\uc774 \ub2e4\uc2dc 16,000\ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\uc9c0\ub9cc, \uc774\ubc88\uc5d0\ub294 \uc0ac\ub78c\ub4e4\uc774 \uac71\uc815\uc2a4\ub7ec\uc6cc \ud569\ub2c8\ub2e4. \uc65c \uc774\ub7f0 \ucc28\uc774\uac00 \uc788\uc744\uae4c\uc694? \uadf8 \ube44\ubc00\uc740 “\uc628\uccb4\uc778 \uc9c0\ud45c”\ub77c\uace0 \ud558\ub294 \ub370 \uc228\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc9c0\ud45c\ub294 \ube44\ud2b8\ucf54\uc778 \ub124\ud2b8\uc6cc\ud06c\uc5d0\uc11c \ubb34\uc2a8 \uc77c\uc774 \uc77c\uc5b4\ub098\uace0 \uc788\ub294\uc9c0 \ucd94\uc801\ud558\uc5ec \ud22c\uc790\uc790 \uc2ec\ub9ac\uc640 \uac00\uaca9\uc774 \uc5b4\ub514\ub85c \ud5a5\ud560\uc9c0\uc5d0 \ub300\ud55c \ub2e8\uc11c\ub97c \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/p>\n\n

\uc774 \uae00\uc5d0\uc11c\ub294 \uac00\uc7a5 \uc778\uae30 \uc788\ub294 \uc138 \uac00\uc9c0 \uc628\uccb4\uc778 \uc9c0\ud45c\uc778 \uc21c\ubbf8\uc2e4\ud604\uc190\uc775(NUPL), \ud478\uc5d8 \ubc30\uc218, MVRV Z\uc810\uc218\ub97c \uc18c\uac1c\ud569\ub2c8\ub2e4. \uadf8\ub9ac\uace0 \uc9c4\ubcf4\ub41c NVT \uc2e0\ud638\ub77c\ub294 \ubcf4\ub108\uc2a4 \uc9c0\ud45c\ub3c4 \uc0b4\ud3b4\ubcf4\uaca0\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc9c0\ud45c\ub97c \uc774\ud574\ud558\uba74 \ube44\ud2b8\ucf54\uc778 \uc2dc\uc7a5\uc758 \uae30\ubcf5\uc744 \ud5e4\uccd0\ub098\uac00\ub294 \ub370 \ub354 \uc798 \ub300\ube44\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

\uc628\uccb4\uc778 \uc9c0\ud45c\ub780 \ubb34\uc5c7\uc778\uac00\uc694?<\/h2>\n\n

\uc628\uccb4\uc778 \uc9c0\ud45c\ub294 \ube44\ud2b8\ucf54\uc778 \uc138\uacc4\uc758 \ud0d0\uc815 \uc5ed\ud560\uc744 \ud569\ub2c8\ub2e4. \uc774 \uc9c0\ud45c\ub294 \ubaa8\ub4e0 \ube44\ud2b8\ucf54\uc778 \uac70\ub798\ub97c \uae30\ub85d\ud558\ub294 \uacf5\uac1c \uc6d0\uc7a5\uc778 \ube44\ud2b8\ucf54\uc778 \ube14\ub85d\uccb4\uc778\uc5d0 \uc9c1\uc811 \uc800\uc7a5\ub41c \uc815\ubcf4\ub97c \ubd84\uc11d\ud569\ub2c8\ub2e4. \uc774 \uc815\ubcf4\uc5d0\ub294 \ube44\ud2b8\ucf54\uc778\uc774 \ub9c8\uc9c0\ub9c9\uc73c\ub85c \uc774\ub3d9\ud55c \uc2dc\uc810\uacfc \uadf8 \ub2f9\uc2dc \uac00\uce58\uac00 \uc5bc\ub9c8\uc600\ub294\uc9c0\uc640 \uac19\uc740 \uc0ac\ud56d\uc774 \ud3ec\ud568\ub429\ub2c8\ub2e4. \uc628\uccb4\uc778 \uc9c0\ud45c\ub294 \uc774 \ub370\uc774\ud130\ub97c \ubd84\uc11d\ud558\uc5ec \ud22c\uc790\uc790 \ud589\ub3d9\uacfc \uc804\ubc18\uc801\uc778 \uc2dc\uc7a5 \uac74\uc804\uc131\uc5d0 \ub300\ud55c \uc228\uaca8\uc9c4 \ud328\ud134\uc744 \ud30c\uc545\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

NUPL \ud574\ub3c5: \ud22c\uc790\uc790\ub4e4\uc774 \uc218\uc775\uc744 \ub0a8\uae30\uace0 \uc788\ub098\uc694?<\/h2>\n\n

NUPL\uc744 \ud22c\uc790\uc790 \uc2ec\ub9ac\uc5d0 \ub300\ud55c \uc628\ub3c4\uacc4\ub77c\uace0 \uc0dd\uac01\ud558\uc138\uc694. \ube44\ud2b8\ucf54\uc778 \ubcf4\uc720\uc790 \uc804\uccb4\uac00 \uae30\ub85d\ud558\uace0 \uc788\ub294 \ucd1d \uc218\uc775 \ub610\ub294 \uc190\uc2e4(\ubbf8\uc2e4\ud604 \uc218\uc775\/\uc190\uc2e4)\uc744 \ube44\ud2b8\ucf54\uc778\uc758 \uc804\uccb4 \uc2dc\uac00\uc640 \ube44\uad50\ud569\ub2c8\ub2e4. NUPL\uc774 \ub192\uc73c\uba74 \ud22c\uc790\uc790\ub4e4\uc774 \ud070 \uc218\uc775\uc744 \uc62c\ub9ac\uace0 \uc788\uc73c\uba70 \uace7 \ud604\uae08\ud654\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc74c\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \uc7a0\uc7ac\uc801 \uac00\uaca9 \uc815\uc810\uc744 \uc54c\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

\ubc18\uba74\uc5d0 \ub0ae\uc740 NUPL\uc740 \ud22c\uc790\uc790\ub4e4\uc774 \uc190\uc2e4\uc744 \ubcf4\uace0 \uc788\uace0(\uc804\ubc18\uc801\uc73c\ub85c \uc190\uc2e4) \ub9e4\ub3c4\ub97c \uc8fc\uc800\ud560 \uc218 \uc788\uc74c\uc744 \ub098\ud0c0\ub0c5\ub2c8\ub2e4. \uac00\uaca9\uc774 \ubc18\ub4f1\ud560 \uc900\ube44\uac00 \ub418\uc5b4 \uc788\ub294 \ub9e4\ub3c4 \uacfc\uc789 \uc2dc\uc7a5\uc758 \uc9d5\ud6c4\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

\ud478\uc5d8 \ubc30\uc218: \ucc44\uad74\uc790 \ud63c\ub780\uacfc \uc2dc\uc7a5 \uc6c0\uc9c1\uc784<\/h2>\n\n

\ube44\ud2b8\ucf54\uc778 \ucc44\uad74\uc790\ub294 \ub514\uc9c0\ud138 \uc2dc\ub300\uc758 \uae08\uad11 \ud0d0\uc0ac\uc790\uc640 \uac19\uc2b5\ub2c8\ub2e4. \ubcf5\uc7a1\ud55c \ud37c\uc990\uc744 \ud480\uc5b4 \uc0c8\ub85c\uc6b4 \ube44\ud2b8\ucf54\uc778\uc744 \ubcf4\uc0c1\uc73c\ub85c \ud68d\ub4dd\ud558\ub294 \ub370 \uac15\ub825\ud55c \ucef4\ud4e8\ud130\ub97c \uc0ac\uc6a9\ud569\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \ucc44\uad74\uc790\ub4e4\ub3c4 \uc9c0\ubd88\ud574\uc57c \ud560 \uccad\uad6c\uc11c\uac00 \uc788\uc73c\ubbc0\ub85c \ube44\uc6a9\uc744 \ucda9\ub2f9\ud558\uae30 \uc704\ud574 \uc885\uc885 \ube44\ud2b8\ucf54\uc778\uc758 \uc77c\ubd80\ub97c \ud310\ub9e4\ud569\ub2c8\ub2e4. \ud478\uc5d8 \ubc30\uc218\ub294 \ucc44\uad74\uc790\ub4e4\uc774 \uc5ed\uc0ac\uc801 \ud3c9\uade0\uc5d0 \ube44\ud574 \uc5bc\ub9c8\ub098 \ub9ce\uc740 \uc218\uc775\uc744 \ucc3d\ucd9c\ud558\ub294\uc9c0 \ucd94\uc801\ud569\ub2c8\ub2e4.<\/p>\n\n

\ucc44\uad74\uc790 \uc218\uc775\uc774 \ub9e4\uc6b0 \ub192\uc73c\uba74(\ud478\uc5d8 \ubc30\uc218\uac00 \ube68\uac04\uc0c9 \uad6c\uc5ed\uc5d0 \uc788\uc73c\uba74) \uac00\uaca9\uc774 \uc870\uc815\ub420 \uc900\ube44\uac00 \ub41c \uacfc\uc5f4\ub41c \uc2dc\uc7a5\uc744 \ub098\ud0c0\ub0bc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\ub300\ub85c \ucc44\uad74\uc790 \uc218\uc775\uc774 \ub0ae\uc73c\uba74(\ud478\uc5d8 \ubc30\uc218\uac00 \ub179\uc0c9 \uad6c\uc5ed\uc5d0 \uc788\uc73c\uba74) \ucc44\uad74\uc790\ub4e4\uc774 \ub9e4\ub3c4\ub97c \ubcf4\ub958\ud558\uace0 \uc788\uc744 \uc218 \uc788\uc73c\uba70, \uc774\ub294 \uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

MVRV Z\uc810\uc218: \uacf5\uc815 \uac00\uce58\uc778\uac00 \uc544\ub2c8\uba74 \uc5f4\ud48d\uc778\uac00?<\/h2>\n\n

\ube44\ud2b8\ucf54\uc778\uc744 \uc911\uace0\ucc28\ub77c\uace0 \uc0dd\uac01\ud574 \ubcf4\uc138\uc694. MVRV Z\uc810\uc218\ub294 \ube44\ud2b8\ucf54\uc778\uc774 \uacf5\uc815\ud55c \uac00\uaca9\uc73c\ub85c \ucc45\uc815\ub418\uc5c8\ub294\uc9c0 \uc544\ub2c8\uba74 \uc2dc\uc7a5\uc774 \uc57d\uac04 \ubbf8\uce5c \uac83\uc778\uc9c0\ub97c \ud30c\uc545\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4. \ube44\ud2b8\ucf54\uc778\uc758 \ud604\uc7ac \uc2dc\uac00\ub97c \ud22c\uc790\uc790\ub4e4\uc774 \ubcf4\uc720\ud55c \ube44\ud2b8\ucf54\uc778\uc5d0 \ub300\ud574 \uc9c0\ubd88\ud55c \ud3c9\uade0 \uac00\uaca9(\uc2e4\ud604 \uac00\uce58)\uacfc \ube44\uad50\ud569\ub2c8\ub2e4. \ub192\uc740 MVRV Z\uc810\uc218(\ubd84\ud64d\uc0c9 \uad6c\uc5ed)\ub294 \uc2dc\uc7a5\uc774 \uacfc\ub300\ud3c9\uac00\ub418\uc5c8\uc744 \uc218 \uc788\uc74c\uc744 \ub098\ud0c0\ub0b4\ub294 \ubc18\uba74, \ub0ae\uc740 \uc810\uc218(\ub179\uc0c9 \uad6c\uc5ed)\ub294 \uacfc\uc18c\ud3c9\uac00\ub418\uc5c8\uc744 \uc218 \uc788\uc74c\uc744 \ub098\ud0c0\ub0bc \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

MVRV Z\uc810\uc218\ub294 “\ud45c\uc900 \ud3b8\ucc28”\ub77c\ub294 \ud1b5\uacc4\uc801 \ub3c4\uad6c\ub97c \uc0ac\uc6a9\ud558\uc5ec \uadf9\ub2e8\uc801\uc778 \uace0\uc810\uacfc \uc800\uc810\uc744 \uc815\ud655\ud788 \ud30c\uc545\ud558\ub294 \ud55c \uac78\uc74c \ub354 \ub098\uc544\uac11\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \uc2dc\uc7a5 \uc815\uc810\uacfc \ubc14\ub2e5\uc744 \ub354 \uc815\ud655\ud558\uac8c \ud30c\uc545\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

\ubcf4\ub108\uc2a4: \uc9c4\ubcf4\ub41c NVT \uc2e0\ud638 – \ub9e4\uc218 \ubc0f \ub9e4\ub3c4 \uae30\ud68c \ud30c\uc545<\/h2>\n\n

\uc9c4\ubcf4\ub41c NVT \uc2e0\ud638\ub294 \uc9c0\ub09c 90\uc77c \ub3d9\uc548\uc758 \uc77c\uc77c \ud3c9\uade0 \uac70\ub798\ub7c9\uc5d0 \ube44\ud574 \ube44\ud2b8\ucf54\uc778\uc758 \ucd1d \uac00\uce58\ub97c \ud655\uc778\ud558\uc5ec \ube44\ud2b8\ucf54\uc778 \ub124\ud2b8\uc6cc\ud06c\uc5d0\uc11c \uc5bc\ub9c8\ub098 \ub9ce\uc740 \ud65c\ub3d9\uc774 \uc77c\uc5b4\ub098\uace0 \uc788\ub294\uc9c0 \ucd94\uc801\ud569\ub2c8\ub2e4. \ud65c\ub3d9\ub7c9\uc774 \ub192\uc73c\uba74(\ube68\uac04\uc0c9 \uad6c\uc5ed) \uc2dc\uc7a5\uc774 \uacfc\uc5f4\ub418\uc5b4 \uc7a0\uc7ac\uc801\uc73c\ub85c \ubc18\ub4f1\ud560 \uc900\ube44\uac00 \ub418\uc5c8\uc74c\uc744 \ub098\ud0c0\ub0bc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\uba74\uc5d0 \ud65c\ub3d9\ub7c9\uc774 \ub0ae\uc73c\uba74(\ub179\uc0c9 \uad6c\uc5ed) \ub9e4\uc218 \uae30\ud68c\uac00 \uc788\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n

\uae30\uc5b5\ud558\uc138\uc694: \uc628\uccb4\uc778 \uc9c0\ud45c\ub294 \ub2e8\uc11c\uc9c0, \uc218\uc815 \uad6c\uc2ac\uc774 \uc544\ub2d9\ub2c8\ub2e4.<\/h2>\n\n

\uc628\uccb4\uc778 \uc9c0\ud45c\ub294 \uac15\ub825\ud55c \ub3c4\uad6c\uc774\uae30\ub294 \ud558\uc9c0\ub9cc \ubbf8\ub798\ub97c \uc644\ubcbd\ud558\uac8c \uc608\uce21\ud558\uc9c0\ub294 \ubabb\ud569\ub2c8\ub2e4. \ube44\ud2b8\ucf54\uc778 \uc2dc\uc7a5\uc740 \ubcf5\uc7a1\ud558\uace0 \uc5ec\ub7ec \uc694\uc778\uc758 \uc601\ud5a5\uc744 \ubc1b\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc9c0\ud45c\ub97c \ubcf4\uc7a5\uc73c\ub85c \uc5ec\uae30\uc9c0 \ub9d0\uace0 \ubc29\ud5a5 \uc9c0\uce68\uc73c\ub85c \uc0dd\uac01\ud558\uc138\uc694. \ud22c\uc790 \uacb0\uc815\uc744 \ub0b4\ub9ac\uae30 \uc804\uc5d0 \ud56d\uc0c1 \uc2a4\uc2a4\ub85c \uc870\uc0ac\ud558\uace0 \ub2e4\ub978 \uc694\uc778\uc744 \uace0\ub824\ud558\ub294 \uac83\uc774 \ud604\uba85\ud569\ub2c8\ub2e4.<\/p>\n\n

\uc628\uccb4\uc778 \ubd84\uc11d\uc744 \ub2e4\ub978 \ud22c\uc790 \uc804\ub7b5\uacfc \uacb0\ud569\ud558\uba74 \ube44\ud2b8\ucf54\uc778 \uc2dc\uc7a5\uc5d0 \ub300\ud55c \ub354 \uae4a\uc740 \uc774\ud574\ub97c \uc5bb\uace0 \ube44\ud2b8\ucf54\uc778 \uc5ec\uc815\uc5d0 \ub300\ud574 \ub354 \uc815\ubcf4\uc5d0 \uc785\uac01\ud55c \uacb0\uc815\uc744 \ub0b4\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"

\ube44\ud2b8\ucf54\uc778\uc758 \ucd5c\uace0\uce58\uc640 \ucd5c\uc800\uce58 \uc2dd\ubcc4\ud558\uae30: \uc628\uccb4\uc778 \uc9c0\ud45c \uc785\ubb38\uc790 \uac00\uc774\ub4dc \uc0c1\uc0c1\ud574 \ubcf4\uc138\uc694. 2017\ub144\uc5d0\ub294 \ubaa8\ub450\uac00 \ube44\ud2b8\ucf54\uc778\uc5d0 \uc5f4\uad11\uc801\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uac00\uaca9\uc774 16,000\ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\uae30 \ub54c\ubb38\uc774\uc8e0. \uc774\uc81c 2022\ub144\uc73c\ub85c \ub118\uc5b4\uc640\uc11c \ubcf4\ub2c8 \ube44\ud2b8\ucf54\uc778\uc774 \ub2e4\uc2dc 16,000\ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\uc9c0\ub9cc, \uc774\ubc88\uc5d0\ub294 \uc0ac\ub78c\ub4e4\uc774 \uac71\uc815\uc2a4\ub7ec\uc6cc \ud569\ub2c8\ub2e4.…<\/p>\n","protected":false},"author":2,"featured_media":1180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"_links":{"self":[{"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/posts\/1177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/comments?post=1177"}],"version-history":[{"count":2,"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/posts\/1177\/revisions"}],"predecessor-version":[{"id":1181,"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/posts\/1177\/revisions\/1181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/media\/1180"}],"wp:attachment":[{"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/media?parent=1177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/categories?post=1177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/ko\/wp-json\/wp\/v2\/tags?post=1177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}