<p>Unus Sed Leo [LEO] 在加密市場風險偏好迴歸的情況下，圖表上急劇上漲。在短短 24 小時內上漲了 17.6%，交易價格接近$7.87，重新引起現貨交易者的關注。</p>
<p>與此同時，比特幣的價格在同一時期上漲了 5.66%，而整個加密市場的市值擴大了 5.33%。</p>
<p>儘管如此，LEO 的上漲加速超過了更廣泛市場的反應，反映出其在風險偏好階段歷史上更高的貝塔值。作為 Bitfinex 的實用代幣，LEO 通常會放大方向性情緒的變化。</p>
<p>因此，儘管這次反彈顯然與宏觀復甦一致，但其相對強度暗示了增量的定位，而不是簡單的被動市場跟蹤。</p>
<h2>買家捍衞需求，但供應仍在等待</h2>
<p>其價格走勢顯示 LEO 堅決捍衞$6.80 的需求水平，在兩次急劇下跌中，買家積極介入。每次試圖跌破這一水平都遇到了立即的買盤，產生了明顯的雙底反應，而不是持續的疲軟。</p>
<p>然而，向上的進展在$9.27 的阻力位下停滯——這個水平之前拒絕了多次復甦嘗試。賣方在這一區域持續施加控制，強化了這一點作為活躍的上方供應。</p>
<p>因此，儘管下行保護顯著增強，但結構仍暗示在更廣泛的範圍內恢復。接受$9.27 以上的價格仍然是趨勢延續的關鍵要求。</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>來源：TradingView</p>
<p>動量條件似乎也強化了這一恢復敍事。在拋售期間，日線 RSI 急劇下降，短暫滑入超賣區域，然後在 42.3 附近穩定。</p>
<p>自那時以來，儘管過去幾周有所恢復，RSI 仍持續徘徊在中性 50 以下。這種行為表明動量修復，而不是擴張。儘管如此，儘管價格波動持續，RSI 不再向下趨勢——這表明賣壓確實顯著減弱。</p>
<p>簡單來説，下行動量可能已經耗盡。儘管買家尚未完全恢復控制。</p>
<h2>交易者主導信號在價格下方的信心</h2>
<p>90 天窗口內的現貨交易者 CVD 始終處於買方主導，突顯出在反彈過程中持續的市場買壓。事實上，積極的買盤吸收了可用流動性，而不是轉向被動定位。</p>
<p>這種行為很重要，因為交易者驅動的需求通常反映出信心，而不是被動追逐。</p>
<p>即使在向$6.80 回調期間，累積德爾塔也沒有明顯回落。這意味着買家一直在以市場價格投入資本，強化了下行防禦。</p>
<p>這種結構將 LEO 的走勢與純粹的貝塔驅動反應區分開來，指向了潛在需求的積累。</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>來源：CryptoQuant</p>
<h2>隨着參與度擴大，交易量升温</h2>
<p>最後，現貨交易量數據進一步支持了這一觀點。現貨交易量氣泡圖突顯出明顯的升温條件，隨着價格反彈至$7.87，交易規模擴大。</p>
<p>在上漲推動期間，出現了更大的交易量集羣，確認了交易者的重新參與。重要的是，交易量與價格一起擴大，而不是出現負向背離。</p>
<p>相反，活動水平低於之前的狂熱峯值——這表明參與度增加而沒有陷入過度擁擠。這意味着 LEO 的交易量動態似乎支持持續的參與，同時避免了疲軟信號。</p>
<p>這與其交易者主導一致，同時也強化了積極定位的案例，而不是薄弱流動性扭曲。</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>來源：CryptoQuant</p>
<p>總之，LEO 的反彈最初是對比特幣反彈的槓桿反應。然而，鏈上和現貨動態表明，它並沒有完全保持衍生狀態。對$6.80 的持續防禦、持久的交易者主導和擴大的現貨交易量似乎都暗示了積極的信心，而不是被動的貝塔追逐。</p>
<p>然而，在價格未能在$9.27 以上獲得接受之前，這一走勢只是加強了在恢復條件下的參與度，而不是確認的獨立趨勢。</p>
<hr/>
<h2>最後思考</h2>
<ul>
<li><em>LEO 的結構暗示了有意的參與——這表明買家可能在有意定位，而不是盲目反應。</em></li>
<li><em>然而，信心仍然是有條件的，因為賣方仍在捍衞之前出現的關鍵分配水平。</em></li>
</ul>

<p>Unus Sed Leo (LEO) 在風險偏好的加密市場中上漲了 17.6%，達到 7.87 美元，超過了比特幣 5.66% 的漲幅。價格走勢表明在 6.80 美元水平有強勁的買方支持，雙底形態暗示下行保護。然而，9.27 美元的阻力仍然是趨勢延續的障礙。買方主導和增加的現貨交易量表明活躍的買方參與，使 LEO 的走勢與單純的市場跟蹤區分開來。儘管這波反彈反映了市場信心，但要確認趨勢，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] 在加密市場風險偏好迴歸的情況下，圖表上急劇上漲。在短短 24 小時內上漲了 17.6%，交易價格接近$7.87，重新引起現貨交易者的關注。</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>與此同時，比特幣的價格在同一時期上漲了 5.66%，而整個加密市場的市值擴大了 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>儘管如此，LEO 的上漲加速超過了更廣泛市場的反應，反映出其在風險偏好階段歷史上更高的貝塔值。作為 Bitfinex 的實用代幣，LEO 通常會放大方向性情緒的變化。</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，儘管這次反彈顯然與宏觀復甦一致，但其相對強度暗示了增量的定位，而不是簡單的被動市場跟蹤。</p>
</div><h2>Buyers defend demand, but supply still waits</h2>
<div class="lb-trans"><h2>買家捍衞需求，但供應仍在等待</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>其價格走勢顯示 LEO 堅決捍衞$6.80 的需求水平，在兩次急劇下跌中，買家積極介入。每次試圖跌破這一水平都遇到了立即的買盤，產生了明顯的雙底反應，而不是持續的疲軟。</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，向上的進展在$9.27 的阻力位下停滯——這個水平之前拒絕了多次復甦嘗試。賣方在這一區域持續施加控制，強化了這一點作為活躍的上方供應。</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，儘管下行保護顯著增強，但結構仍暗示在更廣泛的範圍內恢復。接受$9.27 以上的價格仍然是趨勢延續的關鍵要求。</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>來源：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>動量條件似乎也強化了這一恢復敍事。在拋售期間，日線 RSI 急劇下降，短暫滑入超賣區域，然後在 42.3 附近穩定。</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>自那時以來，儘管過去幾周有所恢復，RSI 仍持續徘徊在中性 50 以下。這種行為表明動量修復，而不是擴張。儘管如此，儘管價格波動持續，RSI 不再向下趨勢——這表明賣壓確實顯著減弱。</p>
</div><p>Simply put, downside momentum may be exhausted. Even though buyers have not regained full control.</p>
<div class="lb-trans"><p>簡單來説，下行動量可能已經耗盡。儘管買家尚未完全恢復控制。</p>
</div><h2>Taker dominance signals conviction beneath price</h2>
<div class="lb-trans"><h2>交易者主導信號在價格下方的信心</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 天窗口內的現貨交易者 CVD 始終處於買方主導，突顯出在反彈過程中持續的市場買壓。事實上，積極的買盤吸收了可用流動性，而不是轉向被動定位。</p>
</div><p>This behavior matters because taker-driven demand often reflects conviction, instead of reactive chasing.</p>
<div class="lb-trans"><p>這種行為很重要，因為交易者驅動的需求通常反映出信心，而不是被動追逐。</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 回調期間，累積德爾塔也沒有明顯回落。這意味着買家一直在以市場價格投入資本，強化了下行防禦。</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>這種結構將 LEO 的走勢與純粹的貝塔驅動反應區分開來，指向了潛在需求的積累。</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>來源：CryptoQuant</p>
</div><h2>Volume heats up as participation expands</h2>
<div class="lb-trans"><h2>隨着參與度擴大，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>最後，現貨交易量數據進一步支持了這一觀點。現貨交易量氣泡圖突顯出明顯的升温條件，隨着價格反彈至$7.87，交易規模擴大。</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>在上漲推動期間，出現了更大的交易量集羣，確認了交易者的重新參與。重要的是，交易量與價格一起擴大，而不是出現負向背離。</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，活動水平低於之前的狂熱峯值——這表明參與度增加而沒有陷入過度擁擠。這意味着 LEO 的交易量動態似乎支持持續的參與，同時避免了疲軟信號。</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>這與其交易者主導一致，同時也強化了積極定位的案例，而不是薄弱流動性扭曲。</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>來源：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>總之，LEO 的反彈最初是對比特幣反彈的槓桿反應。然而，鏈上和現貨動態表明，它並沒有完全保持衍生狀態。對$6.80 的持續防禦、持久的交易者主導和擴大的現貨交易量似乎都暗示了積極的信心，而不是被動的貝塔追逐。</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，在價格未能在$9.27 以上獲得接受之前，這一走勢只是加強了在恢復條件下的參與度，而不是確認的獨立趨勢。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最後思考</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 的結構暗示了有意的參與——這表明買家可能在有意定位，而不是盲目反應。</em></li>
<li><em>然而，信心仍然是有條件的，因為賣方仍在捍衞之前出現的關鍵分配水平。</em></li>
</ul>
</div>

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

- Unus Sed Leo 在加密市場風險情緒回暖中上漲 17.6% 達到 $7.87。  
- 比特幣同期上漲 5.66%，加密市場總市值增加 5.33%。  
- LEO 強勁的需求和成交量顯示買家積極介入，維持 $6.80 支撐水平。

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LEO 上漲 17%——交易員們，這是真正的信念還是僅僅在追逐貝塔值？