\u015eunu hayal edin: 2017’de herkes Bitcoin konusunda heyecanl\u0131yd\u0131 \u00e7\u00fcnk\u00fc fiyat\u0131 16.000 dolara ula\u015fm\u0131\u015ft\u0131. 2022’ye h\u0131zl\u0131ca bakal\u0131m: Bitcoin yine 16.000 dolara ula\u015f\u0131yor, ancak bu kez insanlar endi\u015feli. Aradaki fark nedir? \u0130\u015fin s\u0131rr\u0131 “on-chain \u00f6l\u00e7\u00fcmler” ad\u0131 verilen bir \u015feyde yat\u0131yor. Bu \u00f6l\u00e7\u00fcmler, Bitcoin a\u011f\u0131nda olup bitenleri takip ederek yat\u0131r\u0131mc\u0131lar\u0131n duygular\u0131 ve fiyat\u0131n nereye gidebilece\u011fi konusunda ipu\u00e7lar\u0131 veriyor.<\/p>\n\n
Bu makale, size en pop\u00fcler \u00fc\u00e7 on-chain \u00f6l\u00e7\u00fcm\u00fc tan\u0131tacak: Net Ger\u00e7ekle\u015fmemi\u015f Kar\/Zarar (NUPL), Puell \u00c7arpan\u0131 ve MVRV Z-Puan\u0131. Ayr\u0131ca Geli\u015fmi\u015f NVT Sinyali adl\u0131 bir bonus \u00f6l\u00e7\u00fcm\u00fc de inceleyece\u011fiz. Bu \u00f6l\u00e7\u00fcmleri anlayarak, Bitcoin piyasas\u0131n\u0131n ini\u015f \u00e7\u0131k\u0131\u015flar\u0131nda gezinmek i\u00e7in daha iyi donan\u0131ml\u0131 olacaks\u0131n\u0131z.<\/p>\n\n
On-chain \u00f6l\u00e7\u00fcmleri, Bitcoin d\u00fcnyas\u0131 i\u00e7in bir dedektiflik \u00e7al\u0131\u015fmas\u0131 gibidir. Her Bitcoin i\u015flemini kaydeden kamu defteri olan Bitcoin blok zincirinde do\u011frudan saklanan bilgileri analiz ederler. Bu bilgiler, bir Bitcoin’in en son ne zaman hareket ettirildi\u011fi ve o s\u0131rada ne kadar de\u011ferli oldu\u011fu gibi \u015feyleri i\u00e7erir. On-chain \u00f6l\u00e7\u00fcmler, bu verileri inceleyerek yat\u0131r\u0131mc\u0131 davran\u0131\u015flar\u0131 ve genel piyasa sa\u011fl\u0131\u011f\u0131 hakk\u0131nda gizli kal\u0131plar\u0131 ortaya \u00e7\u0131karabilir.<\/p>\n\n
NUPL’yi yat\u0131r\u0131mc\u0131 duygular\u0131 i\u00e7in bir termometre olarak d\u00fc\u015f\u00fcn\u00fcn. T\u00fcm Bitcoin sahiplerinin elde etti\u011fi toplam k\u00e2r\u0131 veya zarar\u0131 (Ger\u00e7ekle\u015fmemi\u015f K\u00e2r\/Zarar), Bitcoin’in toplam piyasa de\u011feriyle kar\u015f\u0131la\u015ft\u0131r\u0131r. NUPL y\u00fcksek oldu\u011funda, yat\u0131r\u0131mc\u0131lar\u0131n b\u00fcy\u00fck k\u00e2rlar elde etti\u011fini ve yak\u0131nda nakde \u00e7evirmek isteyebileceklerini g\u00f6sterir. Bu, olas\u0131 bir fiyat zirvesini i\u015faret edebilir.<\/p>\n\n
\u00d6te yandan, d\u00fc\u015f\u00fck bir NUPL, yat\u0131r\u0131mc\u0131lar\u0131n zarar etti\u011fini (genel olarak zararda olduklar\u0131n\u0131) ve sat\u0131\u015f konusunda teredd\u00fct edebileceklerini g\u00f6sterir. Bu, fiyatlar\u0131n bir s\u0131\u00e7rama i\u00e7in haz\u0131r olabilece\u011fi, a\u015f\u0131r\u0131 sat\u0131lm\u0131\u015f bir piyasan\u0131n i\u015fareti olabilir.<\/p>\n\n
Bitcoin madencileri, dijital \u00e7a\u011f\u0131n alt\u0131n aray\u0131c\u0131lar\u0131 gibidir. Karma\u015f\u0131k bulmacalar\u0131 \u00e7\u00f6zmek ve \u00f6d\u00fcl olarak yeni Bitcoin’ler kazanmak i\u00e7in g\u00fc\u00e7l\u00fc bilgisayarlar kullan\u0131rlar. Ancak madencilerin \u00f6demeleri gereken faturalar vard\u0131r, bu nedenle maliyetlerini kar\u015f\u0131lamak i\u00e7in genellikle Bitcoin’lerinin bir k\u0131sm\u0131n\u0131 satarlar. Puell \u00c7arpan\u0131, madencilerin tarihi ortalamalara k\u0131yasla ne kadar gelir elde etti\u011fini takip eder.<\/p>\n\n
Madenci geliri \u00e7ok y\u00fcksek oldu\u011funda (Puell \u00c7arpan\u0131 k\u0131rm\u0131z\u0131 b\u00f6lgede), fiyat\u0131n bir d\u00fczeltmeye haz\u0131r olabilece\u011fi a\u015f\u0131r\u0131 \u0131s\u0131nm\u0131\u015f bir piyasaya i\u015faret edebilir. Tersine, d\u00fc\u015f\u00fck madenci geliri (Puell \u00c7arpan\u0131 ye\u015fil b\u00f6lgede), madencilerin sat\u0131\u015flar\u0131 ask\u0131ya alabilir ve bu da bir fiyat art\u0131\u015f\u0131na yol a\u00e7abilir.<\/p>\n\n
Bitcoin’i kullan\u0131lm\u0131\u015f bir araba olarak hayal edin. MVRV Z-Puan\u0131, Bitcoin’in adil bir fiyata sahip olup olmad\u0131\u011f\u0131n\u0131 veya piyasan\u0131n biraz \u00e7\u0131ld\u0131r\u0131p \u00e7\u0131ld\u0131rmad\u0131\u011f\u0131n\u0131 anlamam\u0131za yard\u0131mc\u0131 olur. Bitcoin’in mevcut piyasa de\u011ferini, yat\u0131r\u0131mc\u0131lar\u0131n sahip olduklar\u0131 Bitcoin’ler i\u00e7in \u00f6dedikleri ortalama fiyatla (Ger\u00e7ekle\u015fmi\u015f De\u011fer) kar\u015f\u0131la\u015ft\u0131r\u0131r. Y\u00fcksek bir MVRV Z-Puan\u0131 (pembe b\u00f6lge), piyasan\u0131n a\u015f\u0131r\u0131 de\u011ferlenmi\u015f olabilece\u011fini g\u00f6sterirken, d\u00fc\u015f\u00fck bir puan (ye\u015fil b\u00f6lge) d\u00fc\u015f\u00fck de\u011ferlemeyi g\u00f6sterebilir.<\/p>\n\n
MVRV Z-Puan\u0131, a\u015f\u0131r\u0131 y\u00fcksek ve d\u00fc\u015f\u00fck noktalar\u0131 tam olarak belirlemek i\u00e7in “standart sapma” ad\u0131 verilen bir istatistiksel ara\u00e7 kullanarak bir ad\u0131m daha ileri gider. Bu, piyasa zirvelerini ve diplerini daha fazla hassasiyetle belirlememize yard\u0131mc\u0131 olabilir.<\/p>\n\n
Geli\u015fmi\u015f NVT Sinyali, Bitcoin’in toplam de\u011ferini son 90 g\u00fcndeki ortalama g\u00fcnl\u00fck i\u015flem hacmine k\u0131yaslayarak Bitcoin a\u011f\u0131nda ne kadar faaliyet ger\u00e7ekle\u015fti\u011fini takip eder. Aktivite y\u00fcksek oldu\u011funda (k\u0131rm\u0131z\u0131 b\u00f6lge), piyasan\u0131n a\u015f\u0131r\u0131 \u0131s\u0131nm\u0131\u015f ve geri \u00e7ekilmeye haz\u0131r olabilece\u011fini g\u00f6sterebilir. \u00d6te yandan, d\u00fc\u015f\u00fck aktivite (ye\u015fil b\u00f6lge), bir al\u0131m f\u0131rsat\u0131 oldu\u011funu g\u00f6sterebilir.<\/p>\n\n
On-chain \u00f6l\u00e7\u00fcmler g\u00fc\u00e7l\u00fc ara\u00e7lar olsa da gelece\u011fi m\u00fckemmel bir \u015fekilde tahmin etmezler. Bitcoin piyasas\u0131 karma\u015f\u0131kt\u0131r ve bir\u00e7ok fakt\u00f6rden etkilenir. Bu \u00f6l\u00e7\u00fcmleri garanti olarak de\u011fil, yol g\u00f6sterici olarak d\u00fc\u015f\u00fcn\u00fcn. Herhangi bir yat\u0131r\u0131m karar\u0131 vermeden \u00f6nce kendi ara\u015ft\u0131rman\u0131z\u0131 yapman\u0131z ve di\u011fer fakt\u00f6rleri g\u00f6z \u00f6n\u00fcnde bulundurman\u0131z her zaman ak\u0131ll\u0131ca olacakt\u0131r.<\/p>\n\n
On-chain analizini di\u011fer yat\u0131r\u0131m stratejileriyle birle\u015ftirerek, Bitcoin piyasas\u0131 hakk\u0131nda daha derin bir anlay\u0131\u015f kazanabilir ve Bitcoin yolculu\u011funuz hakk\u0131nda daha bilin\u00e7li kararlar alabilirsiniz.<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin’in En Y\u00fcksek ve En D\u00fc\u015f\u00fck Seviyelerini Tespit Etmek: Yeni Ba\u015flayanlar \u0130\u00e7in On-Chain \u00d6l\u00e7\u00fcmler K\u0131lavuzu \u015eunu hayal edin: 2017’de herkes Bitcoin konusunda heyecanl\u0131yd\u0131 \u00e7\u00fcnk\u00fc fiyat\u0131 16.000 dolara ula\u015fm\u0131\u015ft\u0131. 2022’ye h\u0131zl\u0131ca…<\/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\/tr\/wp-json\/wp\/v2\/posts\/1177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/comments?post=1177"}],"version-history":[{"count":2,"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/posts\/1177\/revisions"}],"predecessor-version":[{"id":1181,"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/posts\/1177\/revisions\/1181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/media\/1180"}],"wp:attachment":[{"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/media?parent=1177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/categories?post=1177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinnewscrypto.com\/tr\/wp-json\/wp\/v2\/tags?post=1177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}