<p>Unus Sed Leo [LEO] 在加密市场风险偏好回归的情况下，图表上急剧上涨。在短短 24 小时内上涨了 17.6%，交易价格接近$7.87，重新引起现货交易者的关注。</p>
<p>与此同时，比特币的价格在同一时期上涨了 5.66%，而整个加密市场的市值扩大了 5.33%。</p>
<p>尽管如此，LEO 的上涨加速超过了更广泛市场的反应，反映出其在风险偏好阶段历史上更高的贝塔值。作为 Bitfinex 的实用代币，LEO 通常会放大方向性情绪的变化。</p>
<p>因此，尽管这次反弹显然与宏观复苏一致，但其相对强度暗示了增量的定位，而不是简单的被动市场跟踪。</p>
<h2>买家捍卫需求，但供应仍在等待</h2>
<p>其价格走势显示 LEO 坚决捍卫$6.80 的需求水平，在两次急剧下跌中，买家积极介入。每次试图跌破这一水平都遇到了立即的买盘，产生了明显的双底反应，而不是持续的疲软。</p>
<p>然而，向上的进展在$9.27 的阻力位下停滞——这个水平之前拒绝了多次复苏尝试。卖方在这一区域持续施加控制，强化了这一点作为活跃的上方供应。</p>
<p>因此，尽管下行保护显著增强，但结构仍暗示在更广泛的范围内恢复。接受$9.27 以上的价格仍然是趋势延续的关键要求。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/LEOUSD_2026-02-07_12-15-18.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/LEOUSD_2026-02-07_12-15-18.png"/></p>
<p>来源：TradingView</p>
<p>动量条件似乎也强化了这一恢复叙事。在抛售期间，日线 RSI 急剧下降，短暂滑入超卖区域，然后在 42.3 附近稳定。</p>
<p>自那时以来，尽管过去几周有所恢复，RSI 仍持续徘徊在中性 50 以下。这种行为表明动量修复，而不是扩张。尽管如此，尽管价格波动持续，RSI 不再向下趋势——这表明卖压确实显著减弱。</p>
<p>简单来说，下行动量可能已经耗尽。尽管买家尚未完全恢复控制。</p>
<h2>交易者主导信号在价格下方的信心</h2>
<p>90 天窗口内的现货交易者 CVD 始终处于买方主导，突显出在反弹过程中持续的市场买压。事实上，积极的买盘吸收了可用流动性，而不是转向被动定位。</p>
<p>这种行为很重要，因为交易者驱动的需求通常反映出信心，而不是被动追逐。</p>
<p>即使在向$6.80 回调期间，累积德尔塔也没有明显回落。这意味着买家一直在以市场价格投入资本，强化了下行防御。</p>
<p>这种结构将 LEO 的走势与纯粹的贝塔驱动反应区分开来，指向了潜在需求的积累。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>来源：CryptoQuant</p>
<h2>随着参与度扩大，交易量升温</h2>
<p>最后，现货交易量数据进一步支持了这一观点。现货交易量气泡图突显出明显的升温条件，随着价格反弹至$7.87，交易规模扩大。</p>
<p>在上涨推动期间，出现了更大的交易量集群，确认了交易者的重新参与。重要的是，交易量与价格一起扩大，而不是出现负向背离。</p>
<p>相反，活动水平低于之前的狂热峰值——这表明参与度增加而没有陷入过度拥挤。这意味着 LEO 的交易量动态似乎支持持续的参与，同时避免了疲软信号。</p>
<p>这与其交易者主导一致，同时也强化了积极定位的案例，而不是薄弱流动性扭曲。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Volume-Bubble-Map-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Volume-Bubble-Map-scaled.png"/></p>
<p>来源：CryptoQuant</p>
<p>总之，LEO 的反弹最初是对比特币反弹的杠杆反应。然而，链上和现货动态表明，它并没有完全保持衍生状态。对$6.80 的持续防御、持久的交易者主导和扩大的现货交易量似乎都暗示了积极的信心，而不是被动的贝塔追逐。</p>
<p>然而，在价格未能在$9.27 以上获得接受之前，这一走势只是加强了在恢复条件下的参与度，而不是确认的独立趋势。</p>
<hr/>
<h2>最后思考</h2>
<ul>
<li><em>LEO 的结构暗示了有意的参与——这表明买家可能在有意定位，而不是盲目反应。</em></li>
<li><em>然而，信心仍然是有条件的，因为卖方仍在捍卫之前出现的关键分配水平。</em></li>
</ul>

<p>Unus Sed Leo (LEO) 在风险偏好的加密市场中上涨了 17.6%，达到 7.87 美元，超过了比特币 5.66% 的涨幅。价格走势表明在 6.80 美元水平有强劲的买方支持，双底形态暗示下行保护。然而，9.27 美元的阻力仍然是趋势延续的障碍。买方主导和增加的现货交易量表明活跃的买方参与，使 LEO 的走势与单纯的市场跟踪区分开来。尽管这波反弹反映了市场信心，但要确认趋势，仍需突破 9.27 美元</p>

<p>Unus Sed Leo [LEO] surged sharply on the charts as risk-on conditions returned across the crypto market. It climbed by 17.6% in just 24 hours to trade near $7.87, drawing renewed attention from spot traders.</p>
<div class="lb-trans"><p>Unus Sed Leo [LEO] 在加密市场风险偏好回归的情况下，图表上急剧上涨。在短短 24 小时内上涨了 17.6%，交易价格接近$7.87，重新引起现货交易者的关注。</p>
</div><p>For its part, Bitcoin’s price appreciated by 5.66% over the same period, while the total crypto market capitalization expanded by 5.33%.</p>
<div class="lb-trans"><p>与此同时，比特币的价格在同一时期上涨了 5.66%，而整个加密市场的市值扩大了 5.33%。</p>
</div><p>Still, LEO’s upside acceleration exceeded the broader market’s response, reflecting its historically higher beta during risk-on phases. As Bitfinex’s utility token, LEO often amplifies directional sentiment shifts.</p>
<div class="lb-trans"><p>尽管如此，LEO 的上涨加速超过了更广泛市场的反应，反映出其在风险偏好阶段历史上更高的贝塔值。作为 Bitfinex 的实用代币，LEO 通常会放大方向性情绪的变化。</p>
</div><p>Therefore, while the rally clearly aligned with macro recovery, its relative strength hinted at incremental positioning rather than simple passive market tracking.</p>
<div class="lb-trans"><p>因此，尽管这次反弹显然与宏观复苏一致，但其相对强度暗示了增量的定位，而不是简单的被动市场跟踪。</p>
</div><h2>Buyers defend demand, but supply still waits</h2>
<div class="lb-trans"><h2>买家捍卫需求，但供应仍在等待</h2>
</div><p>Its price action revealed LEO firmly defending the $6.80-demand level, where buyers stepped in aggressively during two sharp downside sweeps.Each breakdown attempt below this level met immediate bids, producing a visible double-bottom response instead of prolonged weakness.</p>
<div class="lb-trans"><p>其价格走势显示 LEO 坚决捍卫$6.80 的需求水平，在两次急剧下跌中，买家积极介入。每次试图跌破这一水平都遇到了立即的买盘，产生了明显的双底反应，而不是持续的疲软。</p>
</div><p>However, upside progress stalled beneath the $9.27-resistance – A level that previously rejected multiple recovery attempts. Sellers consistently asserted control near this zone, reinforcing it as active overhead supply.</p>
<div class="lb-trans"><p>然而，向上的进展在$9.27 的阻力位下停滞——这个水平之前拒绝了多次复苏尝试。卖方在这一区域持续施加控制，强化了这一点作为活跃的上方供应。</p>
</div><p>Therefore, while downside protection strengthened meaningfully, the structure still hinted at recovery within a broader range. Acceptance above $9.27 remains the key requirement for trend continuation.</p>
<div class="lb-trans"><p>因此，尽管下行保护显著增强，但结构仍暗示在更广泛的范围内恢复。接受$9.27 以上的价格仍然是趋势延续的关键要求。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/LEOUSD_2026-02-07_12-15-18.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/LEOUSD_2026-02-07_12-15-18.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>来源：TradingView</p>
</div><p>Momentum conditions seemed to reinforce this recovery narrative too. The daily RSI dropped sharply during the sell-off, briefly slipping into oversold territory before stabilizing near 42.3.</p>
<div class="lb-trans"><p>动量条件似乎也强化了这一恢复叙事。在抛售期间，日线 RSI 急剧下降，短暂滑入超卖区域，然后在 42.3 附近稳定。</p>
</div><p>Since then, the RSI has continued to hover below the neutral-50 threshold despite some recovery over the last few weeks. This behavior signals momentum repair, rather than expansion. Even so, the RSI is no longer trending lower despite ongoing price volatility – A sign that selling pressure did weaken materially.</p>
<div class="lb-trans"><p>自那时以来，尽管过去几周有所恢复，RSI 仍持续徘徊在中性 50 以下。这种行为表明动量修复，而不是扩张。尽管如此，尽管价格波动持续，RSI 不再向下趋势——这表明卖压确实显著减弱。</p>
</div><p>Simply put, downside momentum may be exhausted. Even though buyers have not regained full control.</p>
<div class="lb-trans"><p>简单来说，下行动量可能已经耗尽。尽管买家尚未完全恢复控制。</p>
</div><h2>Taker dominance signals conviction beneath price</h2>
<div class="lb-trans"><h2>交易者主导信号在价格下方的信心</h2>
</div><p>The Spot Taker CVD over the 90-day window has been firmly buyer-dominant, highlighting sustained market-buy pressure throughout the rally. In fact, aggressive bids have been absorbing available liquidity, rather than shifting into passive positioning.</p>
<div class="lb-trans"><p>90 天窗口内的现货交易者 CVD 始终处于买方主导，突显出在反弹过程中持续的市场买压。事实上，积极的买盘吸收了可用流动性，而不是转向被动定位。</p>
</div><p>This behavior matters because taker-driven demand often reflects conviction, instead of reactive chasing.</p>
<div class="lb-trans"><p>这种行为很重要，因为交易者驱动的需求通常反映出信心，而不是被动追逐。</p>
</div><p>Even during pullbacks towards $6.80, the cumulative delta did not roll over meaningfully. This implied that buyers have been committing capital at market prices, reinforcing downside defense.</p>
<div class="lb-trans"><p>即使在向$6.80 回调期间，累积德尔塔也没有明显回落。这意味着买家一直在以市场价格投入资本，强化了下行防御。</p>
</div><p>This structure separates LEO’s move from purely beta-driven reactions, pointing to demand building beneath the surface.</p>
<div class="lb-trans"><p>这种结构将 LEO 的走势与纯粹的贝塔驱动反应区分开来，指向了潜在需求的积累。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>来源：CryptoQuant</p>
</div><h2>Volume heats up as participation expands</h2>
<div class="lb-trans"><h2>随着参与度扩大，交易量升温</h2>
</div><p>Finally, the Spot volume datafurther supported this view. The Spot Volume Bubble Map highlighted clear heating conditions, with expanding trade sizes accompanying the rebound towards $7.87.</p>
<div class="lb-trans"><p>最后，现货交易量数据进一步支持了这一观点。现货交易量气泡图突显出明显的升温条件，随着价格反弹至$7.87，交易规模扩大。</p>
</div><p>Larger volume clusters emerged during upside pushes, confirming renewed trader engagement. Importantly, the volume expanded alongside the price, rather than diverging negatively.</p>
<div class="lb-trans"><p>在上涨推动期间，出现了更大的交易量集群，确认了交易者的重新参与。重要的是，交易量与价格一起扩大，而不是出现负向背离。</p>
</div><p>On the contrary, activity levels were below prior euphoric peaks – A sign that participation increased without tipping into overcrowding. This implied that LEO’s volume dynamics seemed to support sustained engagement, while avoiding exhaustion signals.</p>
<div class="lb-trans"><p>相反，活动水平低于之前的狂热峰值——这表明参与度增加而没有陷入过度拥挤。这意味着 LEO 的交易量动态似乎支持持续的参与，同时避免了疲软信号。</p>
</div><p>This was consistent with its taker dominance, while also reinforcing the case for active positioning rather than thin liquidity distortions.</p>
<div class="lb-trans"><p>这与其交易者主导一致，同时也强化了积极定位的案例，而不是薄弱流动性扭曲。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Volume-Bubble-Map-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/UNUS-SED-LEO-Spot-Volume-Bubble-Map-scaled.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>来源：CryptoQuant</p>
</div><p>In summary, LEO’s rally started as a leveraged reaction to Bitcoin’s bounce. However, on-chain and spot dynamics suggest it has not remained purely derivative. A sustained defense of $6.80, persistent taker dominance, and expanding spot volumes all seemed to hint at active conviction, rather than passive beta chasing.</p>
<div class="lb-trans"><p>总之，LEO 的反弹最初是对比特币反弹的杠杆反应。然而，链上和现货动态表明，它并没有完全保持衍生状态。对$6.80 的持续防御、持久的交易者主导和扩大的现货交易量似乎都暗示了积极的信心，而不是被动的贝塔追逐。</p>
</div><p>However, until the price secures acceptance above $9.27, the move is evidence of strengthening participation within recovery conditions. Not a confirmed independent trend.</p>
<div class="lb-trans"><p>然而，在价格未能在$9.27 以上获得接受之前，这一走势只是加强了在恢复条件下的参与度，而不是确认的独立趋势。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最后思考</h2>
</div><ul>
<li><em>LEO’s structure hinted at deliberate participation – A sign that buyers may be positioning with intent, rather than reacting blindly.</em></li>
<li><em>However, conviction remains conditional, as sellers are still defending key levels where prior distribution emerged.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>LEO 的结构暗示了有意的参与——这表明买家可能在有意定位，而不是盲目反应。</em></li>
<li><em>然而，信心仍然是有条件的，因为卖方仍在捍卫之前出现的关键分配水平。</em></li>
</ul>
</div>

LEO’s 17% uptick – Traders, is this real conviction or beta chasing?

- Unus Sed Leo 在加密市场风险情绪回暖中上涨 17.6% 达到 $7.87。  
- 比特币同期上涨 5.66%，加密市场总市值增加 5.33%。  
- LEO 强劲的需求和成交量显示买家积极介入，维持 $6.80 支撑水平。

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LEO 上涨 17%——交易员们，这是真正的信念还是仅仅在追逐贝塔值？