# BFM Eco. 🛰️ 曾用名1：指挥室(探索) | Command Room (Discovery)🛰️ 曾用名2：比坊梦生态风投(一级市场)🛰️ {% content-ref url="/pages/F8IYPA6ya8AUKfQ6pN0B" %} [驾驶舱 (运行) （🔥）](/bfm-lite-wei-mian-jian-meng-qing-liang-ban/management-cockpit-operation.md) {% endcontent-ref %} {% content-ref url="/pages/PUL0eJs2Pd21a3NUcELA" %} [项目架构部](/bfm-rins.-wei-mian-jian-meng-ke-xue-yan-jiu-yuan/research-institute-development.md) {% endcontent-ref %} {% content-ref url="" %} {% endcontent-ref %} ![](/files/m10bN0Vsk0Mbnx0jP3IZ) {% content-ref url="/pages/39ORHtNQNuTxDHsdo9Hi" %} [ETH - MainNet](/bfm-eco.-wei-mian-jian-meng-qu-kuai-sheng-tai/command-room-eth.md) {% endcontent-ref %} {% content-ref url="/pages/GT503H4FVghopXqIjnEL" %} [BNB - BSC](/bfm-eco.-wei-mian-jian-meng-qu-kuai-sheng-tai/command-room-bsc.md) {% endcontent-ref %} {% content-ref url="/pages/5hnChG8iFKyzv7XxMFct" %} [MATIC - Polygon](/bfm-eco.-wei-mian-jian-meng-qu-kuai-sheng-tai/command-room-eth/layer-2/zhi-hui-shi-polygonmatic.md) {% endcontent-ref %} {% content-ref url="/pages/zDX57eUHZJN7C5JTsFvD" %} [Arbitrum](/bfm-eco.-wei-mian-jian-meng-qu-kuai-sheng-tai/command-room-eth/layer-2/zhi-hui-shi-arbitrum.md) {% endcontent-ref %} {% content-ref url="/pages/eM99G6Zon3VUtn4b1jAo" %} [IPFS/FIL](/bfm-eco.-wei-mian-jian-meng-qu-kuai-sheng-tai/qi-ta-gong-lian/zhi-hui-shi-ipfsfil.md) {% endcontent-ref %} {% content-ref url="/pages/ZMNdRcsdBmE9LXtIeiPM" %} [战略资产配置——卓尔金历 🕙](/bfm-urs-wei-mian-jian-meng-lian-he-ti-chu-bei-xi-tong-qu-kuai-lian-jia-mi-huo-bi-hong-guan-tiao-kong/the-tzolkin-calendar.md) {% endcontent-ref %} ## 网络安全 [币安学院 - 安全](https://academy.binance.com/zh/articles?tags=security) [5种常见的加密货币诈骗与防范策略](https://academy.binance.com/zh/articles/5-common-cryptocurrency-scams-and-how-to-avoid-them) [8种常见的比特币骗局及其防范策略](https://academy.binance.com/zh/articles/8-common-bitcoin-scams-and-how-to-avoid-them) [如何识别去中心化金融(DeFi)中的骗局](https://academy.binance.com/zh/articles/how-to-spot-scams-in-decentralized-finance-defi) ## 传统区块链 {% tabs %} {% tab title="导航网站🧭" %} * \*\*\*\*[**the Block**](https://www.theblockcrypto.com/data/) **(数据网站)** * \*\*\*\*[**AssetDash**](https://assetdash.com/?all=true) **(现实市值比较)** * \*\*\*\*[**Coin360**](https://coin360.com/) **(加密市值比较)** * [**MyToken**](https://www.mytokencap.com/zh) * \*\*\*\*[**巴比特**](https://www.8btc.com/) **&** [**金色财经**](https://www.jinse.com/) **(新闻消息)** * \*\*\*\*[**CoinMarketCap**](https://coinmarketcap.com/) **(**[**CMC DeFi**](https://coinmarketcap.com/defi/)**) (**[**CMC Farming**](https://coinmarketcap.com/yield-farming/)**)** * [**CoinGecko**](https://www.coingecko.com/zh/) * [**Messari.io**](https://messari.io/) * [**TokenInsight**](https://tokeninsight.com/) * [**其他区块链数据分析网站**](https://medium.com/@chainnews/%E9%80%81%E4%BD%A0-22-%E4%B8%AA%E9%93%BE%E4%B8%8A%E6%95%B0%E6%8D%AE%E8%B5%84%E6%BA%90%E4%B8%8E%E5%8F%AF%E8%A7%86%E5%8C%96%E5%88%A9%E5%99%A8-%E6%B4%9E%E7%A9%BF%E5%8A%A0%E5%AF%86%E6%8A%95%E8%B5%84%E9%87%8D%E9%87%8D%E8%BF%B7%E9%9B%BE-b57f5b4b5727) * [**Gas费**](https://gasnow.sparkpool.com/) * [~~**BlockSite**~~](https://www.blocksite.org/) ~~**(项目介绍)**~~ * ~~**Block123 (导航网站)**~~ * ~~**QKL123 (比特币数据)**~~ * ~~\*\*\*\*~~[~~**链闻**~~](https://medium.com/@winkryptocom)~~**，非小号，币世界**~~ * 一、Trading数据类网站 * 1、Nansen： * 2、DappRadar： * 3、DropsTab： * 二、NFT数据网站 * 1、Opensea： * 2、WhatsCoin： * 一、Web3工具 * 1、Mirror： * 2、Gitcoin：[https://gitcoin.co/](https://mirror.xyz/) * 二、defi分析工具 * 1、Defillama： * 2、Coinhippo： * 三、研报网站 * 1、Delphi Digital： * 2、头等仓： * 四、空投网站 * 1、Airdropbob： * 2、Airdropalert： {% endtab %} {% tab title="钱包💰" %} ![](/files/CnSGGxe3zt43tvWR3QRG) * [**TrustWallet**](https://trustwallet.com/)**（**[BIP44](https://learnblockchain.cn/2018/09/28/hdwallet/)钱包\*\*）\*\* * [**比特派钱包**](https://bitpie.com/)\*\*（\*\*非[BIP44](https://learnblockchain.cn/2018/09/28/hdwallet/)，可添加[BIP44](https://learnblockchain.cn/2018/09/28/hdwallet/)，支持法币交易） * [**BitKeep**](https://bitkeep.org/)（[BIP44](https://learnblockchain.cn/2018/09/28/hdwallet/)钱包，对DeFi支持较好） * [**TokenPocket**](https://www.tokenpocket.pro/)（[BIP44](https://learnblockchain.cn/2018/09/28/hdwallet/)钱包，对DeFi支持较好） * [**更多-钱包筛选器**](https://www.qkl123.com/ranking/wallet?filter=true) ![](/files/BgXnzeIrsFphfC8ty1DN) {% endtab %} {% tab title="挖矿🔨" %} * [**1234btc.com**](https://1234btc.com/)\*\*\*\* * [**BitDeer**](https://www.bitdeer.com/zh) * [**NiceHash**](https://www.nicehash.com/) *** **(仅供参考，不构成本网站意见)** {% endtab %} {% tab title="交易所🏦" %} #### **交易所** [**CoinMarketCap交易所排名**](https://coinmarketcap.com/rankings/exchanges/) * \*\*\*\*[**币安**](https://www.binancezh.co/cn/register?ref=EQ89E7WI) **（返现比例：我**10%，你10%**）** * \*\*\*\*[**FTX 交易所**](https://ftx.com/#a=45676115) \*\*\*\* 600种加密货币、美股凭证任你买卖 ![](/files/ulpfkYa7MZYnrnAjRCj6) ![](/files/Zpn1l47tvZUwsBAK7jBv) #### [流动性挖矿](https://www.binance.com/zh-CN/swap/liquidity) ![](/files/VNF6x2CeiY7gFhnooZIA) ![](/files/9dAmqZijxme2Za3oCVmL) #### 量化 * [**币优 - BitUniverse**](https://www.bituniverse.org/zh-CN/index.html) * \*\*\*\*[**派网 - Pionex**](https://www.pionex.cc/zh-CN/sign/ref/NxwM4W0S) \*\*\*\* * \*\*\*\*[**MVRV**](https://charts.woobull.com/bitcoin-mvrv-ratio/) **（Woobull）或** [**MVRV**](https://www.blockchain.com/charts/mvrv)**（Blockchain.com）** * \*\*\*\*[**MVRV**](https://medium.com/@kenoshaking/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee)**：3.7**（表示高估）和 **1**（表示低估） ![](/files/R8ONJ3XoImvZHsidanuf) ![](/files/jhESmf5oCm8bCBdyIvvs) {% endtab %} {% tab title="法币交易👔" %} #### 法币交易又名：OTC(场外交易)或 C2C(客户对客户交易) * [**可盈可乐|CoinCola官网**](https://www.coincola.com/?lang=zh-CN)\*\*\*\* * [**LocalBitcoins.com**](https://localbitcoins.com/)\*\*\*\* * [**比特派钱包**](https://bitpie.com/)（**推荐**） ![](/files/ooKG2gWczs0Iu0VW2ZWY) * \*\*\*\*[**币安**](https://www.binance.com/cn) **（需要交提币手续费）** ![](/files/Zpn1l47tvZUwsBAK7jBv) {% endtab %} {% tab title="礼品卡交易" %} * [**可盈可乐|CoinCola官网**](https://www.coincola.com/?lang=zh-CN)\*\*\*\* * [**Paxful**](https://paxful.com/)\*\*\*\* {% endtab %} {% tab title="技术社区🏠" %} * [**ETHfans**](https://ethfans.org/)\*\*\*\* {% endtab %} {% tab title="刻字" %} [**如何在区块链上刻字**](https://www.jianshu.com/p/3668a66f3eba)\*\*\*\* [**刻字2**](https://www.babaofan.com/news/popular/53507.html) [**刻字3**](https://www.528btc.com/ask/158555831343012.html) {% endtab %} {% tab title="发币" %} [如何发币](https://www.chainnews.com/articles/522868612900.htm)——UNI [如何发币](https://sushiswapchef.medium.com/miso-minimal-initial-sushiswap-offering-a45a2da6081b)——SUSHI {% endtab %} {% endtabs %} ## 数据分析工具 * \*\*\*\*[**Dune Analytic**](https://duneanalytics.com/home) * [**DEX - Dune Analytics**](https://duneanalytics.com/hagaetc/dex-metrics) * [**MakerDAO - Dune Analytics**](https://duneanalytics.com/hagaetc/maker-dao---mcd) * \*\*\*\*[**0x - Dune Analytic**](https://duneanalytics.com/0x/0x-trading-activity) * [**Messari**](https://messari.io/) * [**NansΞn**](https://www.nansen.ai/) * **Token God Mode - NansΞn** * **Wallet Profiler - NansΞn** * [**Token Terminal**](https://www.tokenterminal.com/) * [**DeFi Pulse**](https://defipulse.com/) * [**Etherscan**](https://etherscan.io/) * [**以太坊指标 - Etherscan**](https://etherscan.io/charts) **著名地址:** [**0xb1**](https://debank.com/profile/0xb1adceddb2941033a090dd166a462fe1c2029484)\*\*\*\* *** {% tabs %} {% tab title="Crypto分析⼯具" %} | Crypto分析⼯具 | | | ------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Dune Analytics | [https://dune.xyz/home](https://www.google.com/url?q=https://dune.xyz/home\&sa=D\&source=editors\&ust=1631628890252000\&usg=AOvVaw0UQ_DrSz2jvY7Dt_xvmij7) | | Nansen | [https://www.nansen.ai/](https://www.google.com/url?q=https://www.nansen.ai/\&sa=D\&source=editors\&ust=1631628890252000\&usg=AOvVaw2wNDwvYiAQtF4xJ2wxPQB8) | | Messari | [https://messari.io/](https://www.google.com/url?q=https://messari.io/\&sa=D\&source=editors\&ust=1631628890252000\&usg=AOvVaw23BFRmzPBNBADYC-dwtDm2) | | Token Terminal | [https://www.tokenterminal.com/](https://www.google.com/url?q=https://www.tokenterminal.com/\&sa=D\&source=editors\&ust=1631628890253000\&usg=AOvVaw1JzQ8dMTCCDc08VrVnA8-1) | | DeFi Pulse | [https://defipulse.com/](https://www.google.com/url?q=https://defipulse.com/\&sa=D\&source=editors\&ust=1631628890253000\&usg=AOvVaw3lIkPUO53ip0W6BMQUKZxe) | | DeBank | [https://debank.com/](https://www.google.com/url?q=https://debank.com/\&sa=D\&source=editors\&ust=1631628890253000\&usg=AOvVaw2s8SBZIpW4ifvfEQS9VAQj) | | Etherscan | [https://etherscan.io/](https://www.google.com/url?q=https://etherscan.io/\&sa=D\&source=editors\&ust=1631628890254000\&usg=AOvVaw1zARlFpt7aK69X6Gm6kWY2) | | CoinMetrics | [https://coinmetrics.io/](https://www.google.com/url?q=https://coinmetrics.io/\&sa=D\&source=editors\&ust=1631628890254000\&usg=AOvVaw1q1Uxg2h7g6DOJUpoeYtoR) | | Glassnode | [https://glassnode.com/](https://www.google.com/url?q=https://glassnode.com/\&sa=D\&source=editors\&ust=1631628890254000\&usg=AOvVaw2G4D7f-WhHS8qpnRIviJd1) | | IntotheBlock | [https://www.intotheblock.com/](https://www.google.com/url?q=https://www.intotheblock.com/\&sa=D\&source=editors\&ust=1631628890255000\&usg=AOvVaw2Kw1yPu0uIDWeEEos5s0ZV) | | Crypto Quant | [https://cryptoquant.com/overview/btc-exchange-flows](https://www.google.com/url?q=https://cryptoquant.com/overview/btc-exchange-flows\&sa=D\&source=editors\&ust=1631628890255000\&usg=AOvVaw1-scxN5RAq3xfFURGXiMiw) | | The Block research | [https://www.theblockresearch.com/](https://www.google.com/url?q=https://www.theblockresearch.com/\&sa=D\&source=editors\&ust=1631628890255000\&usg=AOvVaw0PVQftlAUDiqCs7U6H3-vB) | | Lunacrash | [https://lunarcrush.com/](https://www.google.com/url?q=https://lunarcrush.com/\&sa=D\&source=editors\&ust=1631628890256000\&usg=AOvVaw14BLfLL7kPFT0y9MjvjZmh) | | Tokentrove | [https://tokentrove.com/](https://www.google.com/url?q=https://tokentrove.com/\&sa=D\&source=editors\&ust=1631628890256000\&usg=AOvVaw2JNU-ggnBBHj-SxhnqPbpg) | | Uniwhales | [https://uniwhales.io/](https://www.google.com/url?q=https://uniwhales.io/\&sa=D\&source=editors\&ust=1631628890257000\&usg=AOvVaw3VtoJ-nof0HfpFpQlyJ_1b) | | Crypto投资⽅信息 | | | Cypherhunter | [https://www.cypherhunter.com/zh-hans/](https://www.google.com/url?q=https://www.cypherhunter.com/zh-hans/\&sa=D\&source=editors\&ust=1631628890257000\&usg=AOvVaw3hQCSffOdSNgKP6NQZnK8K) | | Crunchbase | [https://www.crunchbase.com/](https://www.google.com/url?q=https://www.crunchbase.com/\&sa=D\&source=editors\&ust=1631628890258000\&usg=AOvVaw2LhEglU8j0-98ynY0iNDj8) | | Block123 | [https://www.block123.com/](https://www.google.com/url?q=https://www.block123.com/\&sa=D\&source=editors\&ust=1631628890258000\&usg=AOvVaw2nLy2gscOW2YGAPv_V6To3) | | 项⽬信息平台 | | | ICOdrops | [https://icodrops.com/](https://www.google.com/url?q=https://icodrops.com/\&sa=D\&source=editors\&ust=1631628890258000\&usg=AOvVaw33f3TnVxx8YFbGAj8XIIVc) | | CoinMarketCap | [https://coinmarketcap.com/zh/](https://www.google.com/url?q=https://coinmarketcap.com/zh/\&sa=D\&source=editors\&ust=1631628890259000\&usg=AOvVaw2zfF2b7KuK5hsPT0amtuBL) | | CoinGecko | [https://www.coingecko.com/zh](https://www.google.com/url?q=https://www.coingecko.com/zh\&sa=D\&source=editors\&ust=1631628890259000\&usg=AOvVaw2RSAc0HuW5Ghfw78UwlRND) | | ICO Bench | [https://icobench.com/](https://www.google.com/url?q=https://icobench.com/\&sa=D\&source=editors\&ust=1631628890259000\&usg=AOvVaw1qJ2fKxiub7Yx-j9LRxy4T) | | {% endtab %} | | | {% endtabs %} | | ## 比特币指标 {% tabs %} {% tab title="MVRV" %} * [**MVRV**](https://www.blockchain.com/charts/mvrv)**（Blockchain.com）或** [**MVRV**](https://charts.woobull.com/bitcoin-mvrv-ratio/)**（Woobull）** \*\*\*\*[**MVRV**](https://medium.com/@kenoshaking/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee)**：3.7**（表示高估）和 **1**（表示低估）\ （以7天平均为准） * [**同架策略**](https://share.weiyun.com/xUw40P4l)\*\*\*\* {% content-ref url="" %} {% endcontent-ref %} {% endtab %} {% tab title="S2F" %} * [**S2F目标价格**](https://www.qkl123.com/data/s2f/btc) * [**https://stats.buybitcoinworldwide.com/stock-to-flow/**](https://stats.buybitcoinworldwide.com/stock-to-flow/) {% endtab %} {% tab title="山寨季节指数" %} {% endtab %} {% tab title="彩虹图🌈" %} * [彩虹图🌈](https://www.blockchaincenter.net/bitcoin-rainbow-chart/) {% endtab %} {% tab title="永续合约费率" %} * [永续合约费率](https://www.binance.com/zh-CN/futures/funding-history/1) - 币安 当市场趋势看涨时，资金费率为正，此时多头将向空头支付资金费率。相反，当市场看跌时，资金费率为负，此时是空头交易者向多头支付 {% endtab %} {% tab title="HODL Waves" %} * [HODL Waves](https://unchained-capital.com/hodlwaves/) - Unchained Capital {% endtab %} {% tab title="🚩减半" %} * [**比特币减半 - QKL123**](https://www.qkl123.com/data/halve/btc) * [**比特币减半 - 币安学院**](https://academy.binance.com/zh/halving)\ [**其他数据**](https://www.qkl123.com/data) {% endtab %} {% tab title="CFTC持仓报告" %} * [原报告](https://www.cftc.gov/dea/futures/deacmesf.htm) * [可视化报告](https://www.tradingster.com/cot/futures/fin/133741) {% endtab %} {% tab title="USDT发行量" %} * [**USDT市值TradingView**](https://www.tradingview.com/symbols/CRYPTOCAP-USDT/) **&** [**USDT发行量与比特币价格**](https://www.longhash.com/cn/livecharts/USDT-circulation-and-bitcoin-prices) **&** [**USDT市值**](https://coinmarketcap.com/currencies/tether/) USDT市值增长的导数，决定了比特币的涨跌 {% endtab %} {% endtabs %} ### 指标组 {% tabs %} {% tab title="仪表盘" %} * [**Datamish**](https://datamish.com/)\*\*\*\* * [**Coinfarm**](https://coinfarm.online/) * [**Bfxrate**](https://bfxrates.com/) * [**Tensorcharts**](https://www.tensorcharts.com/)\\ * [**B站视频**](https://www.bilibili.com/video/BV1Be411s7pj) {% endtab %} {% tab title="NVT & NVTS" %} * [**NVT**](https://charts.woobull.com/bitcoin-nvt-ratio/) **&** [**NVTS**](https://charts.woobull.com/bitcoin-nvt-signal/) **（Woobull）或** [**NVT**](https://www.blockchain.com/charts/nvt) **&** [**NVTS**](https://www.blockchain.com/charts/nvts)**（Blockchain.com）**\ \*\*\*\*[**NVT**](https://woobull.com/introducing-nvt-ratio-bitcoins-pe-ratio-use-it-to-detect-bubbles/#fnref2)**：90**（表示高估）和 **40**（表示低估）\ **如果价格小幅下跌后，NVT依然>90，说明是泡沫，应该立即离场。**\ \*\*\*\*[**NVTS**](https://woobull.com/nvt-signal-a-new-trading-indicator-to-pick-tops-and-bottoms/)**：150**（表示高估）和 **45**（表示低估） ![](/files/KCGCQ1PC7bmIKRdkZ6CC) {% endtab %} {% tab title="梅特卡夫定律 Metcalfe" %} * [Bitcoin Market Cap should be $40b according to Metcalfe's law](https://woobull.com/bitcoin-market-cap-should-be-40b-according-to-metcalfes-law/) * [Metcalfe’s Law and Bitcoin’s Value](https://dcresearch.medium.com/metcalfes-law-and-bitcoin-s-value-2b99c7efd1fa) * [基于交易指标衍生而来的**NVT (Network Value to Transactions)**，和基于用户指标衍生而来的**梅特卡夫指标(Metcalfe's law)**](https://new.qq.com/omn/20190807/20190807A0K3X200.html?pc)\*\*\*\* {% endtab %} {% tab title="Sharpe Ratio" %} \*\*\*\*[**Sharpe Ratio**](https://charts.woobull.com/bitcoin-risk-adjusted-return/) {% endtab %} {% tab title="活跃地址数" %} [**比特币活跃地址数**](https://www.qkl123.com/data/active_address/btc)的平方和其价值之间存在一定对应关系，符合梅特卡夫定律。 {% endtab %} {% tab title="RVT" %} * [**RVT介绍**](https://medium.com/@_Checkmatey_/the-bitcoin-rvt-ratio-a-high-conviction-macro-indicator-615b68715b77)\*\*\*\* ![](/files/tDFmYMcciUaPpGFqGsd7) * RVT (90D) 在顶部的翻转往往意味着市场的熊转牛，在市场在成本未提升的情况下开始活跃；\ 随着价格的升高，在人们的交易作用下，市场成本开始与交易量同步放大， * RVT 持续维持在底部代表着市场的狂热，虽然难以预知顶部，但是投资者需要变得更加保守； * 牛转熊后，交易量的萎缩往往要比市场成本更多，所以 RVT 会升高，交易量持续萎缩的情况下，投资者可以考虑更激进一些。 * 极端行情使得市场成本下降的同时放大了交易量，RVT 有所下降，不能作为进入牛市的讯号，需稳定后再做观察。 ![](/files/QglH1GwIViy2r7KJDz6p) {% endtab %} {% tab title="UTXO" %} **UTXO (< 1 month)** 一月以下的 UTXO 的增加，代表着更多的 Holder 参与到市场交易中；突然的极端行情会造成该值的异常升高，这种情况下另行分析背后原因对市场状态的影响。 我们看到在2017年的牛市，该比例曾达到 23%，该值作为经验，应该是非常危险的信号了。实际上，可能当一月以下的 UTXO 占比超过 15% 时就是把仓位调低趋于保守的时候了（如从10% 调低至 5% ）；在此值长时间处于低位 10% 附近时，可以考虑以定投的方式调高仓位（如从 5% 调至 10%）。 {% endtab %} {% tab title="布林带" %} * [**TradingView**](https://www.tradingview.com/chart/ooNfs1M1/)\ **下跌至第二条布林线离场** ![](/files/ffkQqO4ZazjtUFt6YzjL) {% endtab %} {% tab title="每日活动地址 DAA" %} ![](/files/t6Uyl3V9JJ9qv62Zj6CL) {% endtab %} {% endtabs %} ### MVRV和S2F投资策略 {% content-ref url="/pages/eppZwOa8cy0tITUFpk4Z" %} [卓尔金历法旧版页面](/bfm-urs-wei-mian-jian-meng-lian-he-ti-chu-bei-xi-tong-qu-kuai-lian-jia-mi-huo-bi-hong-guan-tiao-kong/the-tzolkin-calendar/the-tzolkin-calendar-0.md) {% endcontent-ref %} ## 纳指指标 [**The total market capitalization of Nasdaq 100**](https://markets.businessinsider.com/index/market-capitalization/nasdaq_100)\*\*\*\* {% tabs %} {% tab title="CAPE" %} * [周期性调节市盈率（CAPE）](https://ycharts.com/indicators/cyclically_adjusted_pe_ratio)或 [席勒市盈率](https://www.gurufocus.cn/indicator/shiller_pe)。周期性调节市盈率=实际（通货膨胀调节后）股价/10年平均美股收益（[**介绍**](https://www.forbes.com/sites/danrunkevicius/2021/12/28/the-stock-market-is-the-cheapest-since-1980/?sh=5c81ea9952be)）>40泡沫，<10正常，仓位(40-x)/30\*100 {% endtab %} {% tab title="ECY" %} * [超额收益指数（ECY）](https://www.macromicro.me/charts/27100/us-shiller-ecy)=（1/周期性调节市盈率（CAPE））-10年实际利率（[**介绍**](https://www.sohu.com/a/436891292_146833)）（+正数具有投资价值，-负数没有投资价值） {% endtab %} {% tab title="巴菲特指标" %} * [巴菲特指标](http://www.currentmarketvaluation.com/models/buffett-indicator.php) 或 [巴菲特指标](https://www.gurufocus.cn/indicator/buffett-market-valuation)（推荐）。以股市总市值占GNP（或GDP）的比例来衡量一国股市的估值水平，又被称作资产证券化率指标。（[**介绍**](https://www.sohu.com/a/437526687_146833)）一般情况，巴菲特指标位于70%至80%之间时是买入美股的好时机。如果巴菲特指标超过100%，则投资者需要关注美国股市的风险，并应该考虑持币观察。 {% endtab %} {% tab title="价值大师网" %} * [**价值大师网**](https://www.gurufocus.cn/)\*\*\*\* {% endtab %} {% endtabs %} 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